Mahdia Gold Corp.
CNSX : MGD

Mahdia Gold Corp.

November 20, 2013 07:30 ET

Mahdia Gold Retains Placer Mining Equipment for Omai Property

TORONTO, ONTARIO--(Marketwired - Nov. 20, 2013) - Mahdia Gold Corp. ("Mahdia" or the "Company") (CNSX:MGD) is pleased to announce that its joint venture partner, Roraima Investment & Consulting Services (Guyana) Inc. ("Roraima"), has entered into an arrangement with a private Guyanese equipment company for placer mining equipment.

Roraima is planning to commence operations at Mahdia's Omai property during January 2014, and is targeting an initial production of 300 ounces of gold per month.

"This arrangement for placer mining equipment is a positive step for Mahdia," said Andre J Douchane, President and CEO. "Although initial production is limited, it will supply the Company with much needed cash flow as we continue to seek financing in order to further development."

About Mahdia Gold Corp.

Mahdia is a Canadian-based gold exploration company with active gold prospects in Guyana, South America.

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.

Contact Information