Mexivada Mining Corp. : Mexivada Defines New Gold Targets at Hislop Ontario

 Mexivada (TSX-V: MNV) is pleased to announce it has defined new, significant gold exploration targets on its Hislop, Ontario properties in Canada. Mexivada is still awaiting receipt of assays from its 2011 core drilling program on the "Pete" property at Hislop and from its Golden Porcupine (Rypan) property. New programs of magnetometry ("MAG") and VLF surveys were conducted on Mexivada's properties in Hislop Township near Matheson, along with soil sampling and limited rock chip sampling. Mexivada's drilling tested certain portions of these new gold target zones.

The ground MAG surveys conducted on the properties are interpreted to indicate the presence of local moderate to strong north-northwesterly-trending zones of structures and alteration, which are sub-parallel to the 147 and Contact Zones delineated by Brigus Gold on its Grey Fox property, which is situated 400 metres northeast of Mexivada's property boundary. The MAG survey on the Roger property, optioned from Romios Gold Resources Inc. (TSX-V: RG), indicates such a structure and alteration, which Chevron tested with one drillhole, C-89-233, which intersected 1.6 metres of 4.31 grams per tonne gold. This structure-alteration zone extends northward onto the Brigus property, sub-parallel to Brigus Gold's Contact and 147 Zones. Other zones of gold mineralization were defined by Chevron, containing gold values up to 0.7 metre of 12.12 g/t gold, in a northwesterly-trending gold zone in hole C-88-202. Mexivada is analyzing and interpreting data from the Hislop properties, prior to conducting a 2012 core drilling program.

ROC Congo Projects
Zamarat Mining Ltd.'s option of the Republic of Congo properties from Mexivada has expired. Mexivada is pursuing other venture partners on the Congo properties, in case Zamarat makes no further new proposals for work to Mexivada. The Permis des Recherches that were held by Mexivada-M2C have not yet been renewed by the Government of the Congo.

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 verified the information contained in this news release.

About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, joint venturing, and mining high-grade Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and Canada. Mexivada is managed by experienced and successful board members and advisors. For further information, please visit our web site at www.mexivada.com or contact us by e-mail at [e-mail].

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 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.

NEITHER THE 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 RELEASE.

Contacts:

Mexivada Mining Corp.
Investor Relations
1-604-568-7726 or 1-866-922-6774
[e-mail]
www.mexivada.com