MEXIVADA MINING CORP.
Suite
1400 � 400 Burrard Street
Vancouver, British
Columbia
V6C
3G2
Tel: (604) 689-1749
Fax:
(604) 643-1789
December 12,
2007
TSX-V: MNV
OTC:
MXVDF
Frankfurt:
M2Q
MEXIVADA RECEIVES $1.66
MILLION FROM EXERCISE OF WARRANTS
Mexivada Mining Corp. is pleased to
announce that it has received $1,479,797 from the exercise of 1,973,062 warrants
at $0.75 prior to their expiry on November 28, 2007. A further $182,387
was received from the exercise of 364,775 warrants at $0.50, resulting in total
proceeds received by the Company of $1,662,184.
With the addition of these additional
funds from the warrant exercise, Mexivada currently has cash and short-term
investments on hand of $2.65 Million, which ensures that it is well capitalized
for its current exploration activities planned and underway in Mexico, Nevada
and the Republic of Congo, Africa. With respect to short-term
investments, Mexivada has no exposure to any asset-backed commercial paper
(�ABCP�) investments; all short-term investments are comprised solely of highly
liquid Guaranteed Investment Certificates issued by a major Canadian bank.
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.