Meadow Bay Gold Corporation (formerly Meadow Bay Capital Corporation) (the "Company") (TSX VENTURE: MAY)(FRANKFURT: 20M)(WKN: A1C3DN) has changed its name from Meadow Bay Capital Corporation to Meadow Bay Gold Corporation. Effective at the opening of the TSXV on April 4, 2011, the Company will trade under the new name Meadow Bay Gold Corporation with its current symbol "MAY". A new CUSIP number has been assigned to the Company (CUSIP: 583081104, ISIN: CA 5830811041).

Robert Dinning, Chairman and CEO of the Company stated, "Given the Company's focus on the development of the Atlanta Gold Mine in Nevada, management believes that the new corporate name better reflects the Company's business plan going forward. With our recent oversubscribed private placement for gross proceeds of US$11.3 million, the Company is now in a position to implement its mine development plan for the Atlanta Gold Mine and to further explore its early stage gold prospects which are also in Nevada. The name Meadow Bay Gold Corporation helps to better identify the Company and is particularly important for our marketing initiatives."

Shareholders do not need to take any action with regard to name change. Registered shareholders who would like to do exchange their share certificates for new Meadow Bay Gold Corporation share certificates may do so by contacting the Company's transfer agent: Computershare Investor Services Inc. at 9th Floor, 100 University Avenue, Toronto, Ontario M5J 2Y1, Attention: Stock Transfer Department.

The official website for the Company has been changed from www.meadowbaycapital.com to www.meadowbaygold.com.

Meadow Bay Gold Corporation

Neither 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 press release.

Contacts: Launch IR Matthew Harrington 613-882-7467

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