Midas Gold Expands Mineralization At Golden Meadows Project

VANCOUVER, BC - Midas Gold Corp. reported additional assay results from its ongoing core drilling program at its Scout Prospect, on the Golden Meadows Project in Idaho. Step-out drilling continues to intersect significant gold-silver-antimony mineralization and is expanding the area of mineralization beyond previously defined boundaries and suggests potential for a good grade, bulk tonnage mineralizing system with significant antimony credits.

"Our recent drill results from Scout have not only confirmed the presence of high-grade gold-silver-antimony mineralization delineated in widely spaced historic drill holes, but have expanded this mineralization down-dip, up-dip and along-strike, and have shown the mineralization to be much thicker than prior, short drill holes had indicated," said Stephen Quin, President and CEO of Midas Gold Corp. "In addition, ground and airborne geophysical surveys suggest that the mineralized system may extend farther along strike, indicating potential for a bulk tonnage mineralizing system with good gold grades and significant antimony credits," he said. Additional drilling is in progress and is designed to further define the nature and extent of gold-silver-antimony mineralization at the Scout prospect.

The average aggregate true thickness of mineralization at Scout, based on drilling completed to date, is 75m and the mineralized area can be trace along strike at least 450m and down dip at least 200m. Mineralization is open to the north, south, down-dip and (to a limited extent) up-dip, with geophysical surveys and shallow historic drilling suggesting a strike length in excess of 650m. Several of the holes drill by Midas, ended in mineralization. Overall, drill results received to date, combined with the results of geophysical surveys and historic drilling, suggest potential for a large scale, bulk tonnage gold system with significant antimony and silver credits.

Midas has completed over 41,000m of core and reverse circulation drilling as part of its 2012 drilling program, and currently has four core rigs operating on site.

The company's address is Suite 1250, 999 West Hastings Street, Vancouver, BC V6C 2W2, 778.724.4700, fax: 604.558.4700.