Midway Gold Corp.
TSX VENTURE : MDW

Midway Gold Corp.

November 14, 2006 13:25 ET

Midway Closes Private Placement for $5,000,000

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Midway Gold Corp. (the "Company")(TSX VENTURE:MDW) is pleased to announce that it has closed a private placement of 2,000,000 million units for proceeds of $5,000,000.

The Company is further pleased to announce that Barrick Gold Corporation has subscribed for a total of 1,000,000 units of the placement. With this placement Barrick has increased their holdings in Midway Gold to 8.3%.

Each unit consists of one common share in the capital of the Company at a price of $2.50 per unit and includes one-half share purchase warrant. Each full warrant entitles the holder to purchase one additional share at a price of $3.00, for a term of one year. The units will be subject to a four month hold period.

Details of Midway Gold's projects are available on the Company's website at www.midwaygold.com.

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.

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