MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) ("Mexivada"
or the "company") is pleased to announce it has discovered additional,
significant high-grade gold mineralization in drilling at its Roger property,
located near the 147 and Gibson zones of gold mineralization owned by Brigus
Gold at Matheson, Ontario. Mexivada successfully completed its Phase 1 four-hole
NQ core drilling program on the Roger property, drilling 1,669 metres of core.
The company has to date logged over one half of the core, and approximately one
quarter of the footage has been cut and sent to ALS Laboratories in Timmins for
gold assaying and further check assays.


Visual and core sample assays of the core in the Leroux Zone in the eastern part
of the Roger property to date have shown evidence of locally significant zones
of strong gold mineralization in and near moderately gray quartz with finely
disseminated pyrite. The core in hole R12-1 has to date yielded local gold
assays of 10.4 and 11.0 grams per tonne gold ("g/t Au") over 1-metre intervals,
with significant visual gold mineralization at 307.8 metres (see core photo on
Mexivada website) in the underlying metre that yielded 0.207 g/t Au. Some of the
core is now being re-assayed using the screen fire gold technique, which
attempts to catch larger gold particles present due to the "nugget effect" of
gold in general. Strong visual gold mineralization also has been found in hole
R12-3. Holes R12-2 and R12-4 have not been detail logged nor sampled yet.
Mexivada will report further on the core logging and assays as the work
proceeds.


The Roger property is located 400 metres southwest and 750 metres south of
Brigus Gold's 147 and Gibson gold zones, respectively. The Roger property also
is adjoined on the east side by property controlled by St. Andrew Goldfields
Ltd. Mexivada has the option to earn up to 60% working interest in the Roger
property from Romios Gold Resources Inc. (see Press Release dated January 11,
2012).


Private Placement: Mexivada has received strong shareholder approval to
consolidate the company's common shares on a 3.5:1 basis. Mexivada has arranged
a non-brokered private placement on a best efforts basis of up to 15,000,000
units ("Units") of Mexivada (on a post-Consolidation basis) at a price of $0.10
per unit (the "Offering") to raise gross proceeds of up to $1.5 million. Each
Unit will consist of one common share in the Company ("Share") and one full
common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the
holder to purchase one common share of the Company at a price of $0.15 per
common share for a period of 24 months following the closing date. Mexivada may
pay a finder's fee in connection with the offering. The offering and the
consolidation are subject to the approval of the TSX Venture Exchange. The
company anticipates closing of the Offering and Consolidation as soon as
practicable, subject to receipt of all necessary regulatory approvals.


The Company's President and CEO, Richard R. Redfern, M.Sc., a Certified
professional Geologist and 'qualified person' for the purposes on National
Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified
and approved the information contained in this news release.


About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, drilling, and joint venturing high-grade
Gold-Silver and Rare Metal exploration projects in Nevada, Canada, and Mexico.
Mexivada is managed by experienced and successful board members and advisors.
For further information, with new maps and sections for Mexivada's properties,
please visit our web site at www.mexivada.com or contact us by e-mail at
info@mexivada.com.


On behalf of the Board of Directors,

Richard R. Redfern, President & CEO

Mexivada Mining Corp.

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 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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