MGold Resources Inc.: Corporate Update

CALGARY, ALBERTA--(Marketwired - July 15, 2013) - MGold Resources Inc. (TSX VENTURE:MNI) is pleased to advise that it has entered into discussions regarding exploration and development of an oil and gas property in Trinidad & Tobago.

Evaluation and due diligence of the asset is in progress and further information will be provided on completion.

MGold Resources 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 "MNI".

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.