F.D.G. Mining Inc. Announces Change of Directors and Officers

F.D.G. Mining Inc., FDG:V (Pink Sheets: FDGMF) (the “Company”) announces that Mit Tilkov has resigned as President, Chief Executive Officer and a director of the Company effective November 15, 2011. The Company wishes to thank Mr. Tilkov for his contribution to the Company and wish him all the best for the future.

The Company is pleased to announce that Daniel T. Farrell has been appointed as the Company’s new President and Chief Executive Officer and a director effective November 15, 2011. Mr. Farrell has over 30 years experience in the natural resource sector and financial services industry. He was the co-founder, CEO and President of Quincy Energy Corp., a uranium exploration company that was acquired by Energy Metals Corp. in 2006 for approximately $65 million. Mr. Farrell later founded Zacoro Metals Corp., which had identified and developed a large polymetallic orebody in Zacatecas State, Mexico, that was subsequently acquired by Aura Minerals Inc. Over the years, Mr. Farrell has served as a director and officer of a number of public companies and also held various positions within the financial services industry, including positions with Yorkton Securities and American Express Financial Services, where he was licensed as a financial services advisor in both the United States and Canada. Mr. Farrell holds a BSc in Geology from Michigan Technological University.

The Company is also pleased to announce the appointment of David St. Clair Dunn, P. Geo., as an additional director of the Company effective immediately. Mr. Dunn has over 42 years of experience in the mineral exploration industry including 26 years of professional experience in all aspects of exploration geology from project inception to major drill programs. He has served as an officer of numerous public companies and assisted in raising capital and corporate planning. Mr. Dunn also co-authored the independent NI 43-101 technical report dated February 3, 2011 on the Company’s Topacio gold concession in Nicaragua available on SEDAR.

About F.D.G. Mining Inc. (www.fdgmining.com)

F.D.G. Mining Inc. is a Canadian junior mining company engaged in acquisition, exploration and development of precious metal properties in Nicaragua. The Company is currently focused on advancing its core property, the past-producing 9300 hectare Topacio gold concession. Topacio has an NI 43-101 compliant inferred resource of 680,000 tonnes grading 5.2 g/t gold and 34 g/t silver, and a similar geological setting to B2Gold's La Libertad and El Limon mines to the northwest. FDG trades on the TSX Venture Exchange under the symbol FDG.

On Behalf of the Board of Directors George P. Cole, Director

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 news release.

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

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