======================================================================
Re: News Release - Wednesday, April 23, 2008
Mexivada Diamond And Gold Concessions Approved And Signed By
President Denis Sassou N'Guesso Of The Republic Of Congo; Diamond
Exploration Program Begins
======================================================================
Mexivada is pleased to report that its Malambani-Diamond,
Malambani-Gold, and Bitsandou-Diamond Permis des Recherches for
diamonds and gold / connected substances in the Republic of Congo
(Brazzaville) ("ROC Congo") were approved and signed on April 3rd by
Hon. Denis SASSOU N'GUESSO, the President and Head of State of the ROC
Congo. Mines Ministre Pierre OBA also signed these final decrees,
granting exclusive tenure and title to the concessions to Compagnie
Mini�re du Chaillu, Mexivada's wholly-owned Congo subsidiary. Mexivada
recently also applied for Permis des Recherches for Diamonds and Gold
at Vouka, located south of the Malambani concessions, in an area where
Mexivada has made a new discovery of alluvial diamonds. Mexivada also
holds prospecting permits that cover the prospective ground in Congo's
Chaillu Massif.
Mexivada has begun its 2008 program of exploration for white and
coloured diamonds in the ROC Congo. This exploration is being directed
by Siva Sankar, a project geologist formerly with de Beers who has
worked extensively in diamond exploration in Africa. The areas
targeted include Malambani, Lepandja, Madoka, Bikelele, Carrefour, and
Vouka, where kimberlite indicator minerals and diamonds up to 22
millimetres in diameter have been recovered locally. Mexivada is
investigating an area at Madoka, where 3 larger diamonds were recovered
and a metamorphosed kimberlite dike may have been found by the company,
similar to dikes found in Gabon at Mitzic. A G-10 kimberlitic garnet
was found in a low, swampy, garnet-rich area at Lepandja. Mexivada
feels that the Chaillu area in the ROC Congo holds excellent potential
for the discovery of kimberlitic bodies that contain large diamonds,
including an abnormally high percentage of fancy coloured gem quality
stones.
This press release and its contents have been reviewed by Richard R.
Redfern, Mexivada's President, who is a Certified Professional
Geologist and Qualified Person as defined under National Instrument
43-101.
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.
======================================================================
Copyright (c) 2008 MEXIVADA MINING CORP. (MNV) All rights reserved.
For more information visit our website at http://www.mexivada.com/ or
send mailto:info@mexivada.com
======================================================================
.
![]()