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Re:   News Release - Wednesday, May 27, 2009
      Mexivada samples up to 2.5 g/t Au and 11.25 g/t Ag at Goldstorm
      in Nevada; Delineates Carlin- and Midas-Style Gold-Silver Targets
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Mexivada has received gold-silver assays from a sampling program
conducted at its 3,700 acre Goldstorm property in Nevada.  Goldstorm is
located within the intersection zone of the Carlin-, Getchell- and
Midas (Northern Nevada Rift, "NNR") Gold Trends in Nevada,18 kilometres
("Km") northeast of the giant, +20,000,000 oz. Twin Creeks - Getchell
gold mine complex of Newmont and Barrick, and 18 Km northwest of
Newmont's Midas gold-silver mine.
   
Goldstorm has outcropping high grade Midas-style gold mineralization,
with previous sample assays of up to 39 grams per ton ("g/t") gold
reported at the surface.  New geophysical data and a compilation of
data acquired by previous owners have led Mexivada to the recognition
of a major Carlin-style ("CS") gold target, more than 7 Km in length
that may have multi-million ounce gold potential. Several +5,000,000
ounce CS gold deposits occur immediately to the southwest of Goldstorm
in the Getchell-Twin Creeks sector, owned by Newmont and Barrick.
Goldstorm may also have excellent potential for the development of a
stand-alone, high-grade Midas-style gold-silver mine on the same
property.

Carlin-Style Gold Targets:  Mexivada has developed a new model for
shallow-depth CS gold mineralization along a 7 Km length of the
Goldstorm property. Only one previous drillhole has tested part of this
large target area, and even it was too shallow to intersect the main
target horizons of Paleozoic sedimentary rocks. An uplifted fault block
is interpreted from a nearby previous drillhole to have favorable
Paleozoic host rocks for disseminated CS mineralization present at as
little as 500 feet below surface.  Mexivada conducted ground gravity-
and magnetics programs during 2008 that led to definition of these
targets. A Touchstone Resources core hole in 1990, situated 350 metres
west of the main "Horst" CS gold target, encountered silica-epidote
replaced calc-silicate hornfels, possibly a slump block of mineralized
Paleozoic basement rocks from the adjoining "Horst" target area, at
depths of 373 to 400 feet in the drillhole, with up to 5-10% pyrite and
anomalous gold, silver and arsenic. The "Horst" target area at
Goldstorm also shows highly anomalous gold-in-soil values along
possible gold-feeder faults, as assayed by Crown Resources in the late
1990s.

Midas-Style Gold Targets:  Mexivada has received assays from 9 new
surface rock chip samples taken in 2008 at Goldstorm of Midas-style
gold-silver mineralized banded quartz veins that locally have
naumannite (silver selenide) interlayered in the bands. These samples
contained up to 2.5 g/t gold, up to 11.25 g/t silver, and up to 1.06
g/t mercury, typical of high-level Midas-style mineralization.  

Battle Mountain Gold sampled a 3 metre wide surface vein in the
late-1990s that assayed 9.0 grams per ton ("g/t") gold and 43.9 g/t
silver. Surface rock samples also were collected in the late 1990s by
Crown Resources' that assayed up to 39 g/t (1.14 oz./t) gold and 92.7
g/t silver at the Dome Hill target. These samples in total have led to
definition of a complex Midas-style target area controlled by
northerly- and west-northwesterly-trending vein target zones over a 5
square kilometer target area that was not well tested by previous
shallow drilling by 3rd parties. Mexivada believes that the main
targets were never adequately tested at depth by previous drilling. A
new structural model for the Dome Hill target is a zone of intersection
of north-northwest and northwest-trending faults, analogous to the Gold
Crown-Colorado Grande intersection zone in the Midas mine. The
"Prospect Hill" target, on private land leased by Mexivada, contains
banded quartz-naumannite veining and the high-grade Battle Mountain
trench. The vein systems here are poddy, typical of the zone above ore
continuity at Midas. Deeper drilling is needed to test the potential of
this target. Several additional new targets have been developed
elsewhere on the Goldstorm property.

Mexivada interprets these data to indicate Goldstorm to be a highly
favorable exploration area for Midas- and Carlin-style gold
mineralization, close to established mining infrastructure.  Mexivada
continues to evaluate its large data package, and conduct field work to
validate large-scale gold targets. 

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 and evaluated the
interpretations contained in this news release.

About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused
on identifying, acquiring, advancing, mining, and joint venturing
high-grade Gold-Silver, Tellurium, Diamond, and Rare Metal exploration
projects in Mexico, Nevada, and Africa. Mexivada is managed by
experienced and successful board members and advisors.  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:  Michael J. Stetzel, Investor Relations Manager

Telephone: (866) 922-6774 or (778) 737-7771

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 and access agreements 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.

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Copyright (c) 2009 MEXIVADA MINING CORP. (MNV)  All rights reserved.
For more information visit our website at http://www.mexivada.com/ or
send mailto:info@mexivada.com
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