Mahdia Gold Corp.
CNSX : MGD

Mahdia Gold Corp.

April 27, 2012 16:16 ET

Mahdia Gold Corp. Wishes to Provide an Update on Progress at OMAI Site

TORONTO, ONTARIO--(Marketwire - April 27, 2012) - On August 18th, 2011 Mahdia (CNSX:MGD) announced that the company had signed an agreement with AMEC Environment & Infrastructure, a division of AMEC Americas Limited of Mississauga, Ontario ('AMEC'), where AMEC will provide engineering and environmental assistance to Mahdia Gold on the OMAI gold property. On April 12, 2012 the Company reported that Ground Structures Engineering Inc. of Guyana completed surface water sampling for cyanide and other potential contaminants at Mahdia's Omai mine site and that a review by AMEC of the results of sampling indicated that at the locations sampled there were no parameters of concern.

The Company also announced on August 18th, 2011 that it was preparing a National Instrument 43-101 mineral report ("the Report"), to be completed by October, 2011. Mahdia Gold expects that a final draft of the NI 43 101 report on or before June 2012.

Further to the Company's April 13, 2012 announcement, there are two diamond drills operating at the OMAI site. One is focused on hydrogeology of both the surficial material and bedrock and the other is drilling into and beyond the Fenell mineralized deep zone. There are two additional drills that will be operational within a couple of weeks and these will be concentrated on expansion zones. The drilling that is underway will help to verify and confirm previous mineralization and to facilitate the preparation of a future mineral resource estimate.

About Mahdia Gold Corp.

Mahdia is a Canadian based gold exploration and development company with interests in three gold bearing concessions in central Guyana, namely, Omai, Tiger River and White Creek.

The Qualified Person under NI 43-101 is David Bending, President for Mahdia Gold Corp., who has approved this release as it applies to the Omai gold project.

The Company's website is: www.mahdiagold.com. The website of the CNSX exchange is www.cnsx.ca.

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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