Mahdia Gold Corp.
CNSX : MGD

Mahdia Gold Corp.

April 13, 2012 16:21 ET

Mahdia Gold Corp ("Mahdia") Announces Arrival of Two Diamond Drills at Omai and Two More en Route

TORONTO, ONTARIO--(Marketwire - April 13, 2012) -

Mahdia (CNSX:MGD) is pleased to announce that it has completed the mobilization of the first two (2) diamond drilling rigs to the Omai project site. The first of the drills, a Longyear model 38 with associated equipment, is set for the testing of water pressure and flow and is currently in place and turning. The second operating drill is a Longyear 44 that was put in place for the completion of exploration holes in the deep Fennel and is in the process of being used to confirm, verify, and expand the knowledge of the mineralized material. This initial phase of mobilization includes a technical support team with the requisite standards and blanks, sampling tools, and database modules for the orderly management of the work.

Two (2) more drills are en route for drilling in Winott to verify and confirm known material and to facilitate the preparation of the National Instrument 43-101 technical report.

"Mahdia is very excited to be an integral partner in the rebirth of the Omai, an accomplishment that is not merely a reflection of our team's hard work but of all those external parties who provided us the opportunity to be engaged in its future success", said David Bending, President of Mahdia.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward- looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.

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