Meadow Bay Gold Surface Sample Assays Up to 8.7 g/t Au From Its Colorback Gold Project in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 10, 2011) - Meadow Bay Gold Corporation ("Meadow Bay") (TSX VENTURE:MAY)(PINK SHEETS:MBYCF)(FRANKFURT:20M WKN A1C3DN) reports the results of surface samples on its Colorback Gold Project located 12 miles north of Barrick's Pipeline Mine in Nevada. The results of the surface sampling program at the drill target site are as follows:

Below is an earlier claim map with a color coded key illustrating the gold grades across the entire project area. The map shows the location where exploration drilling is planned for year 2011. All surface samples are in quartzite, chert and siltstone with planned drill depths to 800 meters targeted to test for limestone hosted gold mineralization similar to Barrick Gold's Pipeline and Cortez Hills Deposits. Seismic data collected during the mapping and sampling program supports the estimated depth to limestone, although may have alternate interpretations. Drilling will be required to test the seismic interpretation.

To view the map accompanying this press release please visit the following link: http://media3.marketwire.com/docs/MBMap510.pdf

The results of previous exploration at the Colorback project indicates potential for thrust-related gold mineralization in the upper plate rocks similar to the nearby Hilltop deposit. Alternatively, the gold in the upper plate rocks may represent leakage from gold-bearing fluids passing through the carbonate formations of the lower plate. Disseminated gold mineralization in lower plate carbonate rocks hosts most of the large gold deposits in the Cortez – Battle Mountain trend as well as elsewhere in the prolific northern Nevada goldfields.

Tim Master, a Qualified Person under National Instrument 43-101, has reviewed the contents of this news release.

For further information see www.meadowbaygold.com.

Meadow Bay Gold Corporation

Tim Master