Mexivada Mining Corp.
OTC Bulletin Board : MXVDF

Mexivada Mining Corp.

April 13, 2011 11:42 ET

Mexivada Mining Corp. Announces Expansion of Poker Flats Project to 3,600 Acres in the Carlin Trend, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 13, 2011) - Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) (the "Company") is pleased to announce the completion of significant project expansions for the Poker Flats and Ziggurat gold properties in the Carlin- and Round Mountain-Northumberland gold trends, Nevada, in conjunction with its projects partner, Spartan Gold Ltd. We were able to stake and secure substantial additional land holdings at both properties.

The Mexivada-Spartan team has staked 67 new claims at Poker Flats, bringing the total to 92 claims, encompassing 1,840 acres. Additionally, the team has completed two separate transactions with local land owners securing private land mineral rights and private land surface use rights adding a strategically important land acquisition of 1,760 acres to the Poker Flats property. Spartan closed on the private land acquisition deals that have expanded the team's total project footprint to an estimated 3,600 acres from the original 500 acres. Our new claim blocks and private land rights at Poker Flats are surrounded by Newmont Mining Corporation's Emigrant project on the north and several other exciting projects, including Newmont's Rain-Tess Mine, Premier Gold Mines Ltd.'s high-grade Saddle gold prospect, and Gold Standard Ventures' Railroad Carlin-style project, which all are in close proximity to Poker Flats.

The team also staked an additional 286 lode mining claims at Ziggurat, for a total of 343 claims, to encompass a new gold target, expanding the project to 6,840 acres in size. Ziggurat lies in the heart of the Round Mountain-Northumberland gold trend, and adjoins Newmont's plus 3,000,000 ounce Northumberland Mine Carlin-style gold property. The geological team will complete all the claim filings with the Bureau of Land Management when all corner posts have been placed to define the claim boundaries.

The team is now conducting geological mapping and analysis, in conjunction with geophysics, using new recently-completed gravity and magnetic surveys on both properties. Once interpretations are complete, Spartan will proceed with the finalization of updated NI 43-101 compliant technical reports encompassing the both properties, including the private land rights at Poker Flats, to better define future drilling and gold exploration targets.

Mr. Malcolm Stevens, Spartan's CEO, stated, "The significant progress we have made on the Poker Flats project is nothing short of extraordinary. We are extremely pleased with the achievements over the last two months, a feat that is rarely matched in today's environment." Mr. Stevens continued, "Expanding the claim blocks and project footprint for Poker Flats is a considerable achievement which takes a very important value step for the shareholders of the company. This adds tremendous potential to our exploration goals."

Mr. Rick Redfern, Mexivada's CEO said, "Mexivada is gratified by the esprit de corps shown by its team members at Spartan Gold and by the progress made in exploring the highly prospective Poker Flats and Ziggurat Carlin-style gold properties. The recently announced excellent exploration progress made by our neighbors at Poker Flats, and the purchase of the now under development Northumberland mine complex by Newmont bodes well for both properties."

About Mexivada Mining Corp.:

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing prospective Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, Canada, and Africa. Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at or contact us by e-mail at


Richard R. Redfern, President

Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay results, future exploration work, and the anticipated results of this work, including projected possible cashflows. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.

Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

Neither the 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 of this release.

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