Fri Apr 4, 2014
Mexivada Issues Default Notice to California Gold Corp. Pertaining to Non-Payment of Government Fees Past Due, AuroTellurio Property, Mexico

Mexivada Mining Corp. (TSX-V/NEX: MNV.H) announces that Mexivada has served Notice to the parties that optioned Mexivada Mining Corp.'s majority-owned AuroTellurio gold-tellurium-silver property in Sonora, Mexico, California Gold Corp. (OTCBB:CLGL), that it is in default of the obligations stipulated in the La Viuda 1st and 2nd Title Deeds dated May 3, 2011, as amended by the Property Option Agreement Amendment October 24, 2013. These contracts required California Gold Corp. to incur and pay for semi-annual concession maintenance fees demanded by the Mexican Government for the La Viuda and La Viuda-1 concessions that comprise the property, during the life of the contracts, which still are extant and live. The current bi-annual concessions payments to the Mexican Government are past due and payable, and such payment has not been made by California Gold Corp. Mexivada has demanded, in its Notice of Default to California Gold Corp. that they pay these past due fees as soon as possible to avoid cancellation of these mineral concessions by the Mexican Government

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 and approved the information contained in this news release, 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.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, joint venturing, developing and mining high-grade Gold-Silver, Tellurium, Tantalum, Diamond, and other Rare Metal exploration projects in United States, Mexico, and Africa. Mexivada is managed by experienced and successful geologists, engineers, metallurgists, board members and advisors.

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 NEX NOR THEIR REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contacts:

Mexivada Mining Corp.
Investor Relations
1-(778) 990-6079
info@mexivada.com
www.mexivada.com
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