MGold Resources Inc. Changes Its Name to Tanager Energy Inc.

CALGARY, ALBERTA--(Marketwired - Sept. 20, 2013) - MGold Resources Inc. ("MGold" or the "Company") (TSX VENTURE:MNI) announces that the TSX Venture Exchange has accepted the Company's name change for which it received shareholder's approval at its Annual General and Special Meeting held on June 24, 2013 (see the Company's news release dated June 25, 2013).

MGold has accordingly amended its Articles to change the Company's name to Tanager Energy Inc. The Company's common shares will trade on the TSX Venture effective September 23, 2013 under the new symbol "TAN".

Tanager Energy Inc. is a Lethbridge Alberta based corporation engaged in the exploration for petroleum and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN".

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 or accuracy of this release.