MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to report that it has discovered a significant new zone of quartz-ankerite
veining mineralization on its Golden Porcupine property, along the Deloro Fault
zone sector, just south of the Dome-Aunor-Delnite mines complex of Goldcorp and
other local companies at Timmins, Ontario. New trenching has exposed new
outcrops with a zone of quartz veining, presently known to be up to 6 metres in
width, as shown on a photograph on Mexivada's website at www.mexivada.com.
Metallic mineralization is found in outcrop, including fine-grained pyrite in
massive to banded vein quartz. The lateral extent of this system of veining is
interpreted to be at least 650 metres in strike length, where it may have been
intersected in Mexivada's latest drillhole GP11-6, and may be over 1 kilometre
in length. Mexivada is further exposing the outcrop zone, and is mapping and
sampling it. This target will be drilled upon completion of this mapping
program. 


Mexivada is continuing its core drilling program at Golden Porcupine. Mexivada
has set up work and storage facilities in Timmins, where core logging and sawing
is taking place. More results of the Golden Porcupine work program will be
reported on a regular basis. 


Mexivada also is conducting work in the Matheson area in Hislop Township, near
the Ross Mine, which will be further reported upon shortly. A second drill rig
may be contracted for work in this area by the end of October. Mexivada is using
flow-through cash funds in Mexivada's treasury to fund a plus 5,000 metre
drilling program in Ontario in 2011.


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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