MEXIVADA
MINING CORP.
Suite 1400 �
400 Burrard Street
Vancouver,
British Columbia
V6C
3G2
Tel: (604) 689-1749
Fax: (604)
643-1789
November 6, 2007
TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q
NEWS
RELEASE
MEXIVADA ADOPTS
SHAREHOLDER RIGHTS PLAN
The Board of Directors of Mexivada Mining
Corp. has elected to adopt a Shareholder Rights Plan that will be presented for
ratification by the shareholders at the Company�s Annual General Meeting to be
held on December 3, 2007.
The Shareholder Rights Plan has
been adopted to ensure the fair treatment of all shareholders with respect to
any takeover bid for the common shares of Mexivada. It is designed to provide shareholders
with sufficient time to properly consider a takeover bid without undue time
constraints. In addition, it
will provide the board with additional time for review and consideration of an
unsolicited takeover bid and, if necessary, for the consideration of
alternatives.
This rights plan is not being adopted in
response to any proposal to acquire control of the company.
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
info@mexivada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R.
REDFERN"
Richard R. Redfern
President
Contact: LionsGate Communication Corp.
Telephone: (866) 922-6774 or
(604) 866-7700
info@mexivada.com
www.mexivada.com
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Caution Concerning Forward-Looking
Statements
This news release and related texts and images on Mexivada's website
contain certain "forward-looking statements" including, but not limited to,
statements relating to interpretation of mineralization potential, drilling
assay results, future exploration work, and the expected results of this work.
Forward looking statements are 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, including, without limitation: risks related to fluctuations in
metals and Diamond prices; uncertainties related to raising sufficient financing
to fund the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical, governmental,
social, or other factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the company's projects;
uncertainties involved in the interpretation of sampling and drilling results
and other tests; the possibility that required permits may not be obtained in a
timely manner; risk of accidents, equipment breakdowns or other unanticipated
difficulties or interruptions; the possibility of cost overruns or unanticipated
expenses in these work programs.
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 Mining Corp. undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates, opinions, or
other factors, should change.