Mexivada Mining Corp. has staked and filed a further 96 mining claims at its Goldstorm property in Elko County, Nevada. Mexivada now controls 149 lode mining claims (2,980 acres) and 800 acres of private land at Goldstorm. The claims are located in the Snowstorm Mountains Mining District 18 kilometres ("km") northeast of Newmont's large producing Twin Creeks gold mine, near the intersection of the Carlin-, Getchell- and Northern Nevada Rift gold trends. Metallurgically compatible milling facilities are present at Newmont's Midas Mine, situated 18 km to the southeast of Goldstorm.

    Mexivada recently discovered outcropping high-level Midas-style gold- and naumannite (silver selenide) bearing quartz veining at the surface in silicified/replaced spherulitic rhyolites, which also are found near the top of the Midas Mine gold-silver system. The best assay from this Prospect Hill zone is 9.0 grams per ton ("g/t") gold and 43.9 g/t silver, across a surface trench width of 3 metres, and surface grab samples taken by prior explorers from the Dome Hill zone further to the south reportedly assayed up to 30 g/t gold. Forty exploration holes have been drilled by 3rd party companies to date. Mexivada recently acquired a large database from Metallic Ventures, which is being augmented by field geologic mapping. High grade gold-silver mineralization present at Goldstorm is believed to represent the "poddy" zone above possible zones of better continuity of gold mineralization, as exist at Midas.

    Mexivada recently completed a ground gravity survey at Goldstorm, which indicated a large block of uplifted basement rocks south of a west-northwest trending fault jog going through the heart of the property, a highly favorable exploration target for Carlin-style gold mineralization in Paleozoic carbonate-bearing sedimentary rocks. A number of gold targets on the property have never been tested by drilling, and the modern exploration models for Midas-and Carlin-style gold deposits suggest that deeper drilling on the property is necessary to reach certain of these targets. Mexivada plans to begin permitting for drilling at Goldstorm in late 2008. No mineral resources or mineral reserves have been defined at Goldstorm.

    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 (including maps, sampling, and analytical test data) and evaluated the interpretations contained in this news release.