Mengold Resources Inc.
TSX VENTURE : MNI

Mengold Resources Inc.

April 30, 2009 18:33 ET

Mengold Resources: Notice of Change of Auditor

MONTREAL, QUEBEC--(Marketwire - April 30, 2009) - Mengold Resources Inc. (TSX VENTURE:MNI) -

To: Bolton & Bolton, Chartered Accountants

And to: Sievert & Sawrantschuk LLP, Chartered Accountants

Notice is hereby given that on March 20, 2009 the Board of Directors of Mengold Resources Inc. (the "Company") determined: to accept the resignation, dated March 20, 2009, of Bolton & Bolton, Chartered Accountants (the "Former Auditor"), as auditor of Mengold; to engage Sievert & Sawrantschuk LLP, Chartered Accountants, as auditor of Mengold, effective March 20, 2009; and to propose Sievert & Sawrantschuk LLP, Chartered Accountants, for appointment as the auditors of Mengold at the next Annual Meeting of Shareholders of Mengold.

The Board of Directors of Mengold and its Audit Committee have considered and approved the decision: to accept the resignation of Bolton & Bolton, Chartered Accountants, as auditor of Mengold; to engage Sievert & Sawrantschuk LLP, Chartered Accountants, as auditor of Mengold; and to propose Sievert & Sawrantschuk LLP, Chartered Accountants, for appointment as the auditors of Mengold at the next Meeting of Shareholders.

There have been no reservations in the Former Auditor's Report on any of the Company's financial statements commencing at the beginning of the two most recently completed fiscal years and ending on December 31, 2007. The Former Auditor did not audit any financial statements of the Company subsequent to the December 31, 2007 fiscal year of the Company.

In the opinion of the Company, prior to the resignation, and as at the date hereof, there were no reportable events, including disagreements, consultations, or unresolved matters as defined in National Instrument 51-102, Continuous Disclosure Obligations, between the Former Auditor and the Company.

The contents of this Notice and the attached letters from Bolton & Bolton, Chartered Accountants, and Sievert & Sawrantschuk LLP, Chartered Accountants, have been reviewed by the Board of Directors.

Dated at Montreal, Quebec this 30th day of April, 2009

BY ORDER OF THE BOARD OF DIRECTORS

Douglas Reeson, Chief Financial Officer

For further information, please bookmark www.mengold.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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