Mahdia Gold Corp.
CNSX : MGD

May 20, 2011 11:15 ET

Mahdia Gold Corp Provides Update on White Creek Property (Located in Guyana)

MISSISSAUGA, ONTARIO--(Marketwire - May 20, 2011) -Mahdia Gold Corp (CNSX:MGD) is a publicly listed company trading on the Canadian National Stock Exchange (CNSX) under the symbol MGD. The company's website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.

UPDATE ON WHITE CREEK PROPERTY (located in GUYANA)

The White Creek gold property located in Guyana, South America.

In 2011, now that Mahdia Gold Corp has acquired 100 percent mineral interests in the White Creek gold property (which is located in goldbelt of Guyana, South America), additional work is planned to commence including mapping, trenching and channel sampling. Prospective gold targets will be prioritized and selected for the next step of the exploration program which is anticipated to include ground geophysics and diamond drilling.

WHITE CREEK HISTORY

The White Creek gold property was originally explored by the BHP World Discovery Group in 1998. Regional stream sediment sampling identified a number of drainage basins radiating from the White Creek property that returned anomalous gold. BHP then conducted a widely spaced (1.4 km x 400 metre) soil geochemistry survey and identified a large gold in soil anomaly. However, BHP never conducted any further work on this property. This gold anomaly is considered to be the eastern extension of the Arakaka trend, a northeast-trending mineralized and structural corridor within the Barima-Waini District of Northwestern Guyana. In 2007, Newmont and StrataGold (TSXV) in a joint venture re-sampled the drainage basins as well as one of the historical BHP soil lines on the White Creek property and confirmed the presence of significant gold values in both stream sediments and soil anomalies over > 6.0 km in length.

Mahdia Gold Corp is mobilising equipment to the property for commencement of work.

Mahdia Gold Corp currently has 62,004,020 shares outstanding.

Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

NO SECURITIES REGULATORY AUTHORITY OR STOCK EXCHANGE HAS APPROVED OR DISAPPROVED OF THE INFORMATION CONTAINED IN THIS PRESS RELEASE.

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