MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to report that it has entered into an option agreement with Ranger Exploration
(P. C. Robert and W.T. Kornik) of Timmins Ontario ("vendors") to purchase a 100%
interest in 4 claim units ("Rypan") in Deloro Township Ontario. Mexivada has
mobilized a core drilling rig to the area, and plans to conduct core drilling on
these claims in 2011. The Rypan claims are situated adjacent to the east
property line of Mexivada's Golden Porcupine property, in the +60,000,000 ounce
Timmins mining area, 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 this drilling program. 


The Rypan claims are located along the Destor-Porcupine structural system, where
significant, gold-mineralized vein systems have been newly discovered by
Mexivada through detailed field work, and where Rypan Gold Mines conducted
exploration and drilling 16 holes by 1947. Rypan reportedly discovered
"commercial" gold assay values in holes 15 and 16 along the newly-defined Deloro
Fault system, and hole 16 was found in the field by Mexivada. The new "Clarinda"
quartz-ankerite-pyrite vein system also was found by Mexivada, with 4
interpreted superposed quartz veining events, similar to veining seen in the
Dome Mine. The fault systems and quartz veining on Rypan extend to the
west-southwest on to the Golden Porcupine main claimblock. Trenching to gain
more exposures here will take place in September, and drilling will start
thereafter.


Mexivada feels that the new Rypan property optioned from Ranger Exploration
holds good promise to hold gold deposits of the size and gold grade that would
be attractive for possible future development, in line with Mexivada's model of
searching for large deposits that would be attractive to major gold companies
such as Goldcorp. Mexivada continues to search for the acquisition of additional
attractive gold properties in the Timmins - Matheson gold production region, on
which to conduct drilling exploration.


Mexivada can purchase a 100% interest in the four-unit claim property by
compensating vendors in 1) a payment of $25,000 in cash on signing, and 2) issue
to Ranger 500,000 common shares of Mexivada common stock upon approval by the
TSX Venture Exchange, and 3) a payment of $25,000 in cash on or before the first
anniversary of the execution of the agreement, and 4) issue to Ranger 500,000
common shares of Mexivada common stock on or before the first anniversary of the
execution of the agreement and upon approval by the TSX Venture Exchange.


The vendors (Ranger) shall retain a two percent (2%) net smelter returns royalty
on the sale of all minerals from the property, in accordance with industry
practice, and half of this NSR may be purchased from the vendors at any time for
$1,000,000. Mexivada shall hold the property in good standing, so as to hold the
Vendors' royalty valid throughout.


The proposed transaction remains subject to, among other things, receipt of all
requisite Regulatory and other approvals, including the approval of the TSX
Venture Exchange. 


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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