Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

November 14, 2005 13:00 ET

Midway Announces Black Prince Silver-Gold Project Drill Results, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2005) - Midway Gold Corp. (the "Company") (TSX VENTURE:MDW) announces the significant drill results from a twelve hole test on silver-gold veins at the Black Prince Project, in Lincoln County, Nevada, summarized below. Three new veins were discovered in the drilling, the most significant was in BP05-8 which encountered 22.9 m (75 feet) of 70.6 g/t silver and 1.18 g/t gold at 97.5 m down-hole depth. This new vein is open to the west and at depth. All veins encountered were oxidized to depths of greater than 200 m. Midway had targeted the veins to test for high-grade sulphide enrichment. The veins showed strong continuity, but if high-grade enrichment is present, it is deeper that the current exploration has tested. Midway is reviewing plans for follow-up drilling. All analytical work was conducted at ALS- Chemex labs in Sparks, Nevada.



Black Prince Vein Drill Test Results- October 2005
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Drill Drill Gold Silver
Hole # Width-m Depth m g/t g/t Incl. Target
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BP05-1 3.1 45.7 0.400 93.5 60 Black Prince Vein
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BP05-2 1.5 44.2 0.780 38 45 New Vein 1
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BP05-3 1.5 0.0 0.000 0 45 New Vein
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BP05-3 6.1 33.5 0.530 13 45 Black Prince Vein
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BP05-4 3.0 25.9 0.650 77 45 Black Prince Vein
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BP05-5 1.5 22.9 0.47 3 45 Black Prince Vein
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BP05-6 3.0 50.3 0.772 28 45 Black Prince Vein
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BP05-7 1.5 59.4 1.23 13 60 New Vein 1
3.0 64.0 0.57 103.5
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BP05-8 22.9 97.5 1.180 70.6 60 New Vein 1
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includes 9.1 102.1 2.130 135.7 New Vein 1
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BP05-9 1.5 13.7 0.799 4 60 New Vein 2
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Exploration Activities

Midway is currently exploring gold discovered in four zones, in a rhyolite porphyry and diatreme breccia complex, at the Spring Valley Project, in Lovelock, Nevada. Midway has mobilized a drill rig to their Midway gold project, near Tonopah, Nevada to conduct, approximately, a 20 hole (3000m ) reverse circulation exploration program. At the Midway project, follow-up drilling will test the new Dauntless discovery which recently encountered 53.3 meters of 11.97 g/t gold at 53 meter down hole depth. The gold was hosted in oxidized quartz adularia altered veins in argillite. This Dauntless Zone is interpreted to be a potential feeder fault to the Discover Zone which intercepts up to 30.5 m of 18.2 g/t gold in MW221.Three other new exploration targets are planned to be tested at Midway.

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 on the creation of value for shareholders by exploring and developing high-grade, quality precious metal resources in stable mining areas. Details of Midway Gold's projects are available on the Company's website at www.midwaygold.com.

This release has been reviewed and approved by Company President and CEO Alan Branham (P.Geol.), a "qualified person" as that term is defined in National Instrument 43-101.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Midway Gold Corp.
    Ron Cooper
    (604) 986-0112 (Canada) or 1-877-692-8288 (US Toll Free)
    www.midwaygold.com