Maxy Gold Corp.

Maxy Gold Corp.

August 22, 2005 09:00 ET

Maxy Appoints New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 22, 2005) - MAXY GOLD CORP. (TSX VENTURE:MXD) ("Maxy") is pleased to announce the appointment of Mr. Alan C. Moon as an independent member of the Board of Directors. Mr. Moon is a former senior executive with significant business experience both internationally and domestically, and brings to the board a strong and diversified business background. Mr. Moon, a professional engineer with an MBA, serves on the board of directors of a number of other public and private companies.

In connection with his appointment Mr. Moon has been granted options to acquire 200,000 shares at $0.69 per share for a period of five years. The options are subject to a vesting schedule over 18 months.

Maxy holds the rights to acquire an 80% Interest in the Luchun Gold Joint Venture and a 75% interest in the Midu Gold Joint Venture, both located in Yunnan Province, China.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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