MNV Mexivada Mining Corp.

Mexivada Mining Corp (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) ("Mexivada"
or the "Company") announces that the previously announced brokered private
placement and acquisition of Buena Vista Gold Inc. have been terminated by
mutual agreement among the parties. Mexivada now will focus on its flagship
Goldstorm gold-silver property in Nevada and on drilling at its Roger Property
near Matheson, Ontario, which is being funded with flow-through funds in
Mexivada's treasury. Drilling at Roger is scheduled to commence on September 4,
2012 using flow-through funds in Mexivada's treasury.


Goldstorm Property, Nevada: Geologic work has resumed on our main, high-grade
Clayton Vein gold-silver target at Goldstorm, and Mexivada would like to resume
drilling on the property this fall. Goldstorm has good potential for both
Midas-style and Carlin-style gold mineralization. A drillhole in 2010 at
Goldstorm showed a mineralized shear zone approximately 30 metres wide with
scattered highly anomalous gold values locally throughout the 62 metre core
length of the shear zone, including 2 metres at 5.51 g/t Au over 2 m, including
9.29 g/t Au and 72.6 g/t Ag over 1 m.


Private Placement 

Mexivada has received strong shareholder approval to consolidate the Company's
common shares on a 3.5:1 basis. Mexivada is pleased to announce that it has
arranged a non-brokered private placement on a best efforts basis of up to
15,000,000 units ("Units") of Mexivada (on a post-Consolidation basis) at a
price of $0.10 per unit (the "Offering") to raise gross proceeds of up to $1.5
million. Each Unit will consist of one common share in the Company ("Share") and
one full common share purchase warrant (a "Warrant"). Each whole Warrant will
entitle the holder to purchase one common share of the Company at a price of
$0.15 per common share for a period of 24 months following the closing date.
Mexivada may pay a finder's fee in connection with the offering. The offering
and the consolidation are subject to the approval of the TSX Venture Exchange.
The Company anticipates closing of the Offering and Consolidation as soon as
practicable, subject to receipt of all necessary regulatory approvals. 


The net proceeds from the Offering will be used to fund Mexivada's exploration
activities at the Company's Nevada properties and for general working capital.  


Mr. Richard Redfern, Mexivada's CEO, stated, "This re-focusing of work on our
flagship Goldstorm property starts a new period of excitement and project
development for Mexivada and its shareholders. We will continue our efforts to
bring all of our many projects to a high level of productivity and to capitalize
on these opportunities in today's gold market. The commitment and competency of
the members of our teams and the high quality of our gold properties will
differentiate our company from others."


Information of a scientific or technical nature in this news release was
prepared by or under the supervision of 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, who has verified and approved the information.


About Mexivada Mining Corp. 

Mexivada is a diversified Canadian mineral exploration company focused on
exploration and development of Gold-Silver exploration projects in Nevada,
Canada and Mexico. 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 info@mexivada.com.


On behalf of the Board of Directors, 

Richard R. Redfern, President & CEO 

Mexivada Mining Corp.

Caution Concerning Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements relating to the plans for completion
of the Offering and Consolidation; timing, availability and amount of financing;
expected use of proceeds; business objectives; and the potential success of the
foregoing. Forward looking information includes 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 such statements, including, without limitation: the risk that the
Consolidation and the Offering (collectively, the "Transactions") will not be
approved by the TSX Venture Exchange; risks and uncertainties related to the
Transactions not being completed in the event that the conditions precedent
thereto are not satisfied; uncertainties related to raising sufficient financing
to fund the planned work in a timely manner and on acceptable terms.
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 undertakes no
obligation to update these forward-looking statements if management's beliefs,
estimates, opinions, or other factors, should change. 


The securities of the Company to be issued pursuant to the Private Placement
have not been and will not be registered under the United States Securities Act
of 1933, as amended (the "1933 Act"), or the securities laws of any state of the
United States, and may not be offered or sold in the United States absent
registration or an applicable exemption therefrom under the 1933 Act and the
securities laws of all applicable states of the United States. This press
release shall not constitute an offer to sell or a solicitation of an offer to
buy any of the securities in the United States.

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