MAY Meadow Bay Gold Corp (delisted)

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES.


Meadow Bay Capital Corporation (the "Company") (TSX
VENTURE:MAY)(FRANKFURT:20M)(WKN:A1C3DN) is pleased to announce that subsequent
to its recently announced equity financing (see news release of March 2, 2011)
it has closed the second tranche of its private placement financing (the
"Offering") with a syndicate of brokers led by Casimir Capital Ltd. (the
"Agent") for gross proceeds of US$2,060,000. 


The Company will use the funds to develop its recently acquired Atlanta Gold
Mine in Nevada and explore its early stage Gold prospects also in Nevada.


The funding involved the issuance of 11,313,750 common shares at a price of
US$1.00 per share for gross consideration of US$11,313,750. In consideration of
the Agent's services, the Company paid the Agent a cash commission of 7% of the
certain proceeds of the Offering. The Agent was also issued broker warrants (the
"Broker Warrants") equal to 7% of the shares sold pursuant to the Offering. Each
Broker Warrant entitles the holder to acquire one common share of the Company at
a price of $1.00 until December 31, 2012. The securities issued in the Offering
are subject to a four month hold period. 


This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to or for the account or benefit of
U.S. Persons unless an exemption from such registration is available.


For further information regarding the Company please see www.meadowbaycapital.com.

Meadow Bay Capital Corporation

Robert Dinning, CEO

This press release includes certain "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act of 1995
and "forward looking information" within the meaning of Canadian securities
laws. There can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual events
and results to differ materially from Meadow Bay's expectations include the
Company's plans to reinstate production at the Atlanta Mine and the use of
proceeds from the Offering; risks related to the exploration stage of the
Company's projects; market fluctuations in prices for securities of exploration
stage companies; and uncertainties about the availability of additional
financing. Trading in the securities of the Company should be considered highly
speculative. The Company does not intend, and does not assume any obligation, to
update any forward-looking statements, other than as required by applicable law.


The press release makes reference to historical estimates. The historical
estimates are by definition herein not NI 43-101 compliant and are included
herein in for historic context and completeness. There can be no assurances that
any of the historical estimates will be able to be categorized as a NI 43-101
compliant resource or reserve category or demonstrate any economic viability.
Investors are cautioned not to rely on the historical estimates when making
their investment decisions.

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