Mexivada Mining Corp. (TSX-V: MNV) is pleased to announce it has found significant quartz-manganese vein mineralization at the ground surface at its Goldstorm property, which is interpreted to be a lateral extension to gold mineralization found at depth, 365 metres ("m") to the southeast of the high-grade, 9.29 gram per tonne gold ("g/t Au") and 72.6 g/t silver drilling intercept reported by West Kirkland Mining (TSX-V: WKM). Quartz-manganese oxide float rocks were found by surface float prospecting in an area extending from 175 metres northwest of this drill intercept to at least 465 metres to the southeast of the drill intercept, to date. The samples were low in gold values, but showed locally anomalous arsenic, manganese and certain other trace elements associated with gold. No previous pits or diggings were found.

Mexivada interprets that this float veining mineralization is very high-level quartz, in the above-ore "poddy zone" of Midas-style gold models. West Kirkland found the high-grade gold mineralization in its hole WG1001 at a vertical depth of approximately 60 metres below the ground surface, in this never-before drilled "Middle Block" target area, in a 62 metre wide (m, core length), locally high-grade, Midas-style gold system. This major structural zone is exposed along a plus 5 Km length, large enough to hold a multi-million ounce Midas-style gold-silver deposit with good silver credits.

Goldstorm also could host a large size Carlin-style ("CS") gold mine, and the giant, world-class Twin Creeks and Turquoise Ridge CS gold mines of Newmont and Barrick are situated just southwest of the Goldstorm project area. This area has produced more than 35,000,000 ounces of gold to date from existing mines, and Barrick Gold presently is considering developing a new mega "Super Pit" at Turquoise Ridge. The west-northwest trend of the Goldstorm structural system is a preferred host direction for CS-style gold deposits in the Carlin Trend. The area near hole WG1001 is interpreted to be a good place to start searching for such a CS deposit, where younger, high-grade Midas-style gold mineralization already has been found. Mexivada is formulating exploration plans for a new drilling program to test these targets on the Goldstorm property.

Mexivada and West Kirkland Mining signed a Termination Agreement and Mutual Release dated March 28, 2012, releasing the Goldstorm property back to Mexivada. West Kirkland earned a 50% interest in the NFC Lease private lands within the Goldstorm through its cash payments to Mexivada and its work on the property. Mexivada looks forward to working with West Kirkland to advance the Goldstorm property.

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. 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 herein, and evaluated the interpretations contained in this news release. For further information, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

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.

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, including projected possible cashflows. 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
info@mexivada.com
www.mexivada.com
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