The following is a company news release issued by Mexigold Corp.(TSX.V: MAU). Please visit our website for additional information at www.mexigoldcorp.com.
Should you have any questions or comments, please contact us at (604) 684-2181 or by email at info@mexigoldcorp.com
Regards,
Corporate Communications
If you wish to be removed from this email list please reply with "remove" as the subject. Thank you.
MEXIGOLD CORP.
Tuesday, May 31, 2011
Contact: Investor Relations
Phone (604) 684-2181
info@mexigoldcorp.com
Mexigold and Riverside Resources Extend TSX Venture Acceptance Date
Vancouver, British Columbia, Canada � May 31, 2011 � Mexigold Corp. (the �Company� or �Mexigold�) (TSX Venture Exchange: MAU) is pleased to announce, further reference to its news release dated April 14, 2011, that the Company has completed all of its filings regarding the Durango Properties Option Agreement dated March 18, 2011, with the TSX Venture Exchange (the �Exchange�).
As announced previously, Riverside Resources Inc. (�Riverside�) and Mexigold Corp. have signed a definitive option agreement to jointly advance Riverside�s 100% owned Catrina, Escondida and Pedernal properties. The drill ready Durango Properties cover an area of more than 760 square kilometers and are located in Durango and northern most Zacatecas, Mexico.
The original agreement required the Company to obtain approval of the Exchange by May 31, 2011. By mutual agreement, this approval date has been extended to June 30, 2011.
Mexigold had announced two private placements: (i) 10 million units at $0.32 per unit; and (ii) 3 million units at $0.36 per unit. The Company has received preliminary approval for these private placements from the Exchange.
ON BEHALF OF THE BOARD OF DIRECTORS
�Peeyush Varshney�
Peeyush Varshney, LL.B.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.