SOURCE: Midas Funds

Midas Funds

June 10, 2009 16:53 ET

Midas Distribution Notice

NEW YORK, NY--(Marketwire - June 10, 2009) - The Midas Funds (NASDAQ: MIDSX) (NASDAQ: MPERX) (NASDAQ: MISEX) will be paying the following distributions which are scheduled with a record date of June 26, 2009 and an ex-dividend, reinvestment, and payable date of June 29, 2009.

As of the date of this press release the per share distributions are estimated as follows:

Fund           Ticker Symbol    Distribution Estimate
-----------------------------------------------------------------------
Midas Fund        MIDSX         Ordinary income less than $0.05
                                No capital gain distribution

Midas Perpetual   MPERX         No income distribution
 Portfolio                      Short term capital gain less than $0.01


Midas Special     MISEX         No income or capital gain distributions
 Fund

The per share amounts are preliminary estimates and may change between the date of this press release and June 29, 2009. A precise determination of the per share distribution is not possible because the number of shares outstanding on record date cannot be determined in advance.

The distribution for Midas Fund represents ordinary income earned in fiscal 2008. The distribution for Midas Perpetual Portfolio represents short term capital gains earned in fiscal 2008 and 2009. All taxable shareholders will receive written notification regarding the components and tax treatment for all 2009 distributions in 2010 on Form 1099-DIV.

The distributions will be reinvested in your account or paid out in cash, according to the instructions associated with your account. Please call us at 1-800-400-MIDAS (6432) if you have any questions or would like further information.

The Midas Funds are managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds. To learn more about the Midas Funds, please visit www.MidasFunds.com.

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