MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to report that it has completed four NQ core holes at its Golden Porcupine
property in Deloro Township at Timmins, Ontario, and is continuing its drilling
program. Mexivada's Golden Porcupine property is in the +60,000,000 ounce
Timmins mining area along the Destor-Porcupine structural system, south of the
Delnite and Aunor gold mines and southwest of Goldcorp's +17,000,000 oz. Dome
Mine. Mexivada is using flow-through cash funds in Mexivada's treasury to fund a
5,000 metre drilling program in Ontario. More than 800 metres have been drilled
to date. Logging, sampling, and interpretations of these holes are underway at
Timmins by Mexivada's two experienced Ontario consulting geologists on site.


The first two drillholes at Golden Porcupine property tested parts of a large
geophysical anomaly ("Big Bif") comprising a large magnetic "low" area
presumably formed by hydrothermal alteration that was crosscut by induced
polarization ("IP") chargeability highs. Four major zones of mineralized rocks
were found in these -45 degree drillholes, and other smaller zones as well. 


The first hole (GP11-1) intersected 6.5 metres of highly sulfidized silicic rock
that contain substantial amounts of pyrrhotite, chalcopyrite, and lesser pyrite,
at 170-176.5 metres hole depth. This interval will be rush-assayed for nickel,
copper, and platinum group metals, as well as for gold and silver. Similar
mineralization was found lower down in the hole at 242-251 metres. Other
intervals of sulfidic quartz veining also were found in hole GP11-1. 


The second drillhole (GP11-2) intersected a possible on-strike continuation of
the second mineralized zone in GP11-1, at hole depths of 23 to 31 metres. Lower
down in GP11-2, Mexivada intersected a major 21 metre long shear zone containing
sericitic, pyrite-bearing quartz veining in felsic rocks, starting at a hole
depth of 200 metres. Rush-assay results will be reported from these intervals
after receipt by Mexivada. The true widths of these substantial intervals are
not yet known.


The third and fourth holes (GP11-3 and -4) were drilled into a quartz vein
system at the Novack No. 1 shaft, near to where high gold grades were reported
by certain previous investigators in the southeastern part of the property.
Another shear zone of 14 metres core length with narrow pyrite-bearing quartz
veining was found in GP11-3, at a depth of 60 metres. Lateral fan hole GP11-4
also intersected 21 metres of this shear zone at 14 to 35 metres, with
quartz-sericite-(pyrite) mineralization present. Hole GP11-5 presently is being
drilled at depth, under the intercept in GP11-4.


Mexivada then will move the drill rig over to the Rypan Mines part of the Golden
Porcupine property and drill test the area where "commercial intercepts" of gold
were reported by Rypan Porcupine Mines Ltd. in 1947 in their holes 15 and 16.
The latter hole casing was found in the field by Mexivada. A fence of holes will
be drilled in this area, before again moving the rig to test quartz-pyrite vein
systems in the Jennifer and Clorinda structural zones near the Deloro Fault
system, a "new" branch of the Destor-Porcupine structural zone. Mexivada will
report on the results of these work efforts when completed. Mexivada also is
acquiring other new, exciting gold properties in the Timmins gold belt, which
will be reported on upon signings.


The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified
Professional Geologist, a 'qualified person' for the purposes on National
Instrument 43-101 Standards of Disclosure for Mineral Properties, has examined
and studied the Dome, Delnite, and Pamour mines, verified the information
herein, and evaluated the interpretations contained in this news release.


About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, mining, and joint venturing high-grade
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 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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