MG Magna International Inc

Mahdia Gold Corp. ("Mahdia" or the "Company") (CNSX:MGD) is pleased to announce
that its wholly owned subsidiary Mahdia Gold Corporation (Guyana) Inc. ("MG")
has executed a Term Sheet with Republic Bank (Guyana) Limited, for the
equivalent of three million US dollars ($3,000,000.00 USD) for the purchase,
delivery and commissioning of equipment to be used in the mining of alluvial
gold at its Omai property in central Guyana. Mahdia Gold Corp has agreed to act
as Guarantor.


As announced on January 24, 2013, Mahdia and MG entered into an Agreement with
Roraima Investment & Consulting Services (Guyana) Inc. to facilitate the
expeditious process of alluvial gold recovery.


"Processing the alluvial gold is the first step toward the Company's longer term
goal of placing a large gold recovery plant back on the existing foundations at
the Omai mine site," said Andre J Douchane, President and CEO. "The signing of
this Term Sheet is an extremely positive event; however, we continue to seek
additional funding in an effort to advance the timeline on the feasibility
work."


Preliminary engineering work is underway on a 250 tonnes per hour alluvial gold
recovery plant. The plant is being designed based on recent alluvial test work
completed on the majority of a previously identified 578 acre mineralized
alluvial deposit. Both gold and diamonds were recovered during the test work;
however, the diamond deposition is not yet understood.


The Company's ultimate goals are to become self-funding, complete a feasibility
for rebuilding a large mill similar to what Cambior operated at Omai, and begin
development of the deep higher grade mineralization. Management continues to
look at all alternatives to finance and advance the general purposes of the
company, and to further enable ongoing needed economic studies. Mahdia has
received a number of financing proposals which management is currently
reviewing. The financing alternatives presented are in the form of debt, joint
ventures, and equity solutions.


The Board has accepted the resignation of Alan (Sheik) Zaakir as a Director and
Officer of Mahdia Gold Corp., Mahdia Gold Corporation (Guyana) Inc. and Mahdia
Gold Services Corporation (Guyana) Inc. We wish him well in his future
endeavors.


Andre Douchane CEO and President of Mahdia has been appointed a director of
Mahdia Gold Corp., Mahdia Gold Corporation (Guyana) Inc. and Mahdia Gold
Services Corporation (Guyana) Inc.


About Mahdia Gold Corp.

Mahdia is a Canadian-based gold exploration company with active gold prospects
in Guyana, South America.


Forward-Looking Statements

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Corporation disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mahdia Gold Corp.
Andre Douchane
President & CEO
(416) 671-8089
info@mahdiagold.com

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