MEXIVADA MINING CORP.

Suite 1400 � 400 Burrard Street

Vancouver, British Columbia

V6C 3G2

Tel:  (604) 689-1749
Fax: (604) 643-1789

November 30, 2007                                                                                                         TSX-V:  MNV

                                                                                                                                    OTC:  MXVDF

                                                                                                                                    Frankfurt: M2Q

NEWS RELEASE

The Company has agreed to grant incentive stock options to directors and consultants on 430,000 common shares at an exercise price of $0.80 per share for a period of five years.

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.