MNV Mexivada Mining Corp.

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) - 

The Company is pleased to announce it has closed a private placement for a total
of 7,000,000 units, at $0.10 per unit, with the MineralFields Group of Companies
to raise gross proceeds of $700,000.


All of the shares, warrants and any shares issued upon exercise of the warrants
comprising the units and any shares issued upon exercise of the finder's
options, are subject to resale restrictions expiring on April 17, 2012.


The Company intends to use the proceeds from the private placements to conduct
exploration activities on its properties in the Timmins-Matheson gold region,
Ontario.


The Company is very pleased with its ongoing relationship with the MineralFields
Group, said Richard Redfern, President and CEO. The Company looks forward to
working with the MineralFields Group as the Company develops its holdings in the
Timmins region, in Ontario.


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. 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.


About MineralFields Group

MineralFields Group (a division of Pathway Asset Management), based in Toronto,
Montreal, Vancouver and Calgary, is a mining fund with significant assets under
administration that offers its tax-advantaged super flow-through limited
partnerships to investors throughout Canada as well as hard-dollar resource
limited partnerships to investors throughout the world. The sector focus is on
gold and precious metals, base metals, rare earths and lithium, potash, uranium,
oil, coal and gas. Pathway Asset Management also specializes in the
manufacturing and distribution of structured products and mutual funds
(including the Pathway Multi Series Fund Inc. corporate-class mutual fund
series). Information about MineralFields Group is available at
www.mineralfields.com. First Canadian Securities(R) (a division of Limited
Market Dealer Inc.) is active in leading resource financings (both flow-through
and hard dollar PIPE financings) on competitive, effective and service-friendly
terms, and offers investment banking, mergers and acquisitions, and mining
industry consulting, services to resource companies. MineralFields and Pathway
have financed several hundred mining and oil and gas exploration companies to
date through First Canadian Securities(R), and have raised over $1 billion in
their 10 year history.


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" 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.

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