MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to announce that a new discovery of Carlin-style gold mineralization,
alteration, and felsic diking has been made on the 6,860 acre Ziggurat property
controlled by Mexivada and its partner Spartan Gold Ltd.(OTCBB:SPAG). This new
discovery appears to be similar to geology and alteration in the open pit at
Newmont Mining Corporation's adjacent Northumberland Mine property. The
"Whitehorse" discovery occurs in a "window" of Paleozoic rocks apparently not
examined previously by modern geologists, as no sampling tags were seen at the
discovery site. 


The new Whitehorse discovery occurs 100% on Mexivada-Spartan owned mining
claims, and extends to the southeast into a previously mapped, gold mineralized
area, indicating a possible large size for the overall gold target area. Old
claims were staked in this region, likely in the early 1900's, and it appears
that this area has been undisturbed since that time. Thorough, detailed
geological mapping and rock chip sampling is continuing in the Whitehorse
discovery area. We look forward to disclosing the sample assay results from the
new discovery, upon completion of the initial work program.


Phase 1 ground magnetic and gravity surveys have just been completed on the
property and these data will be integrated with the mapping and sampling data to
finalize an updated NI 43-101 compliant technical report encompassing the entire
property, including the new Whitehorse discovery.


Mr. Richard Redfern, Mexivada's CEO, stated, reiterating the thoughts of Spartan
Gold's Chairman, Mr. Malcolm Stevens, "One component that drives Mexivada
forward competitively is the willingness of our teams to continually go above
and beyond in their diligence to perform quality, high-value work." 


Mr. Redfern continued, "This starts a new period of excitement and project
development for Mexivada and its shareholders. We will continue our efforts to
bring all of our many projects to a high level of productivity and to capitalize
on these opportunities in this growing gold market. The commitment and
competency of the members of our teams will differentiate our company from
others. The Whitehorse discovery is a perfect example of this effort translating
into value."


About Mexivada Mining Corp.:

Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, mining, and joint venturing prospective
Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico,
Nevada, Canada, and Africa. Mexivada is managed by experienced and successful
board members and advisors. For further information, including area maps,
sections, and photos, please visit our web site at www.mexivada.com or contact
us by e-mail at info@mexivada.com.


ON BEHALF OF THE MEXIVADA BOARD OF DIRECTORS

Richard R. Redfern, President

Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain
certain "forward-looking statements" including, but not limited to, statements
relating to interpretation of mineralization potential, drilling and assay
results, future exploration work, and the anticipated results of this work.
Forward looking statements are statements that are not historical facts and are
subject to a variety of risks and uncertainties which could cause actual events
or results to differ materially from those reflected in the forward-looking
statements, including, without limitation: risks related to fluctuations in
metals and diamond prices; uncertainties related to raising sufficient financing
to fund the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical, governmental,
social, or other factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the company's projects;
uncertainties involved in the interpretation of sampling and drilling results
and other tests; the possibility that required permits and access agreements may
not be obtained in a timely manner; risk of accidents, equipment breakdowns or
other unanticipated difficulties or interruptions; the possibility of cost
overruns or unanticipated expenses in these work programs. Forward-looking
statements contained in this release are based on the beliefs, estimates, and
opinions of management on the date the statements are made. There can be no
assurance that such statements will prove accurate. Actual results may differ
materially from those anticipated or projected. Mexivada Mining Corp. undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates, opinions, or other factors, should change.

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