Midway Gold Corp.

Midway Gold Corp.

March 07, 2005 18:11 ET

Midway Acquires Black Prince Property, Nevada


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MIDWAY GOLD CORP.

TSX VENTURE SYMBOL: MDW

MARCH 7, 2005 - 18:11 ET

Midway Acquires Black Prince Property, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Midway Gold
Corp. (the "Company") (TSX VENTURE:MDW) announces the acquisition of the
Black Prince high-grade silver and gold property, in Lincoln Co.,
Nevada. The project consists of 14 claims that host a 7000 foot long
strike of a six to 20 foot wide vein. Rock chip samples and past
production records identify the grade of the vein to contain up to 10
opt silver and 0.15 opt gold. Midway has acquired the vein to test the
western half of the vein, which has never been drilled and gold and
silver grades are increasing. Potential supergene enrichment of the
silver, beneath the water table has never been tested on this well
developed vein.

The Company is currently drilling on the new Porphyry target on their
Spring Valley project, Pershing Co., Nevada.

An updated NI 43-101 technical report for the Midway Project, Nye Co.,
Nevada, dated February 24, 2005, completed by Mine Development
Associates, of Reno, Nevada, has been filed on SEDAR.

Midway Gold Corp. is a precious metals exploration company, listed as a
Tier 1 issuer on the TSX Venture Exchange under the symbol "MDW". Midway
focuses of the creation of value for shareholders by exploring and
developing high-grade, quality precious metal resources in mining
favourable areas. Details of Midway Gold's projects are available on the
Company's website at www.midwaygold.com.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Midway Gold Corp.
    Ron Cooper
    (604) 986-0112 (Canada) or (877) 692-8288 (US toll-free)
    www.midwaygold.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.