MEXIVADA MINING CORP.
Suite 1400 � 400 Burrard
Tel: (604) 689-1749
December 4, 2007
GOLDSTORM MIDAS-STYLE GOLD-SILVER PROPERTY, NEVADA
Mexivada Mining Corp. is pleased to announce that it
has executed a 20-year renewable mining lease on the 800 acre, privately-owned
Goldstorm property in Elko County, Nevada, from NFC Land and Cattle Company.
Goldstorm is located 18 kilometres (�km�) northwest of the Midas Mine along the
Carlin Trend and Northern Nevada Rift, and 18 km east of the large Twin
Creeks-Turquoise Ridge-Getchell gold mine complex of Newmont and Barrick.
Goldstorm is an exploration property with outcropping
high-level Midas-style low-sulfidation, gold-bearing quartz veining in felsic
volcanic rocks, exposed along more than a 1.75 km length. Rock chip samples
collected from a trench at one prospect at Goldstorm assayed 9.0 grams per tonne
(�g/t�) gold and 43.9 g/t silver over a 3 m sample width. Exploration has been
conducted on the property by companies that include Battle Mountain Gold, Crown
Resources/Romarco, and Newmont. Mexivada�s consultant Dr. Jim Shannon worked at
Goldstorm for Crown Resources in the 1990s. The modern exploration model for
Midas-type deposits suggests that previous drilling at Goldstorm may have been
too shallow. Mexivada will attempt to acquire more existing data on Goldstorm
and design a program to explore the property for hidden, Midas-style gold-silver
deposits. No mineral resources or
mineral reserves have been defined by Mexivada for any of its targets at Goldstorm.
The term of the Mining Lease with NFC
Land and Cattle call for an initial payment of $1,000 and an annual work requirement of $2,500 in calendar 2008, $5,000 in 2009, $7,500 in 2010 and
$7,500 per year thereafter. Annual
minimum royalty payments required are $1,000 in 2008, $2,000 in 2009, $3,500 in
2010-2011, $5,000 in 2012-2013, and $10,000 per year thereafter. The property is also subject to a
5% net smelter return royalty.
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
About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral
exploration company focused on identifying, acquiring, advancing, and joint
venturing high-grade Gold-Silver, Molybdenum, Diamond, and Rare Metal
exploration projects in Mexico, Nevada, and the ROC Republic of Congo. Managed by experienced and successful
board members and advisors, Mexivada is well financed with no debt. 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 email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Richard R. Redfern
Contact: LionsGate Communication
Telephone: (866) 922-6774 or (604)
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.