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      Mexivada Discovers 30 Metre Wide Disseminated Gold Zone At
      Ngouaka, Roc Congo; Begins Placer Gold Mining Test Program
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Mexivada's Consulting Geologist, Edward Wells, C.P.G., has reported the
discovery of a new area of potentially large volume, disseminated gold
mineralization at Ngouaka, on its exclusive Malambani concession in the
Mayoko greenstone belt in the ROC Congo.

Ngouaka Lode Au Discovery, South Gold Belt: The gold mineralization at
Ngouaka includes disseminated auriferous pyrite and quartz-pyrite veins
in altered and silicified, quartz-veined biotitic quartzites and
amphibolites.  Alteration is concentrated in a 30 metre ("m") wide zone
along a contact with massive amphibolite beds. The area was mined for
coarse alluvial gold during the 1950's and local miners are presently
washing 0.5-1.0 gram per cubic metre (g/m3) recovered grades of gold
from residual bedrock exposures.  Medium-size gold (0.2 -1.3 mm),
approximately equivalent in grade to 1.22 g/t gold, was recovered from
45 to 410 liter bulk samples from five sites at Ngouaka, and soil
geochemistry reveals that the strongest anomaly occurs 140 m west of
the prospect, defining a large target area.  The Ngouaka area could be
ready for drilling later this year.  A new drilling contractor has
contacted Mexivada and has drill rigs available in the ROC.

Similar alteration crops out at Mingassa Sud, 850 meters along strike
to the east-northeast.  This bed is also present in two parallel zones
at 110 and 230 m to the north.  The Ngouaka - Mingassa area appears to
have significant potential for disseminated gold mineralization that
may be mined and processed at low cost.  Potential also exists for
economic concentrations of gold at the base of the thick laterite
cover. Detailed geological investigations and additional sampling of
the area is continuing.

Bambounga Lode/Placer Gold Zone, South Gold Belt:  A program of geologic
mapping and sampling is evaluating this prospective target area.  The
Avoine Company recovered a 1 kg gold nugget at Bambounga in the 1950's,
which now resides in the home of the French ambassador in Brazzaville. 
Artisanal miners have recovered nuggets here to 70 g in weight, and
continue to produce coarse gold in nuggets to 10 g in weight. The source
area of the 1 kg nugget has been identified.  Mineralization is present
in pyritic quartz veins, pyritic quartz-flooded zones associated with
strong alteration of the amphibolites and gneiss, and in quartz-veined
areas of ferruginous quartzite. Some intrusive cobbles and small sills
are present in the area.  Controls of mineralization are northwest-
trending structures and east-northeast trending bedding contacts. 
Twenty-three select samples have been collected and shipped to ALS in
Johannesburg, R.S.A. An extended program of trenching here is planned
for August-September.

Lemagna-Tsopo-Mbandza Targets, North Gold Belt:  A second phase of
trenching and channel sampling has been completed at the Lemagna banded
iron formation ("BIF")-hosted belt of gold mineralization. Thirty-three
additional channel samples have been collected from four parallel BIF
beds in a 150 by 200 metre area.  The previously completed soil
geochemistry program was highly successful in outlining gold-mineralized
BIF beds.  Gold contents of the BIF are verified by crushing and panning
on site during the channel sampling program. All samples are collected
under the supervision of Mexivada geologists and a strict chain of
custody procedure is followed. These samples are being analyzed by ALS. 
Similar soil geochemistry, trenching and channel sampling programs are
presently underway at the adjacent Tsopo project.  This work will be
extended into the Mbandza area during late August.

Malambani Placer Gold Mining Test Program:  Mexivada continues a program
of bulk sample testing of the area's placer gold potential.  The Avoine
Company exploited parts of the area for coarse gold during the 1950's and
some streams are presently being panned by artisanal miners who produce
1-3 g Au/m3 from small-scale pits. The Bambounga River never was mined by
Avoine, and appears to have the best potential for industry-scale
production, as local miners are recovering 3.0 g/m3 gold from a 3,400
meter long zone.  Most of the Malambani area streams contain placer gold
but no systematic evaluation has ever been conducted in the area. Initial
bulk sample testing, in 1 to 3 m3 samples, of a river terrace near Mayoko
yielded a weighted average grade of 0.86g/m3.  Several test pits in
various streams have recovered grades of 2-3 g/m3.  Mexivada has begun a
detailed evaluationof the placer gold resources, to be continued during
the next several months.  Mexivada's consulting mining engineer, Michael
Manke, is designing a bulk sampling gold plant for use in this program.
Mexivada will seek an export license to sell gold produced during this
program. The data acquired will be used to compile a National Instrument
43-101 compliant placer gold resource evaluation report, which
subsequently will be used to apply for a mining permit from the ROC
government.

Mexivada Diamond Programs:  Mexivada will resume its diamond programs on
August 9th, focusing on the 1) Madoka-Leyou kimberlite dike and
metaconglomerate target terrane, 2) Lepandza-Makoubi pipe target terrane,
and 3) Vouka-Carrefour pipe target terrane. Three ages of diamonds are
believed to be present in the Chaillu Massif in the ROC: a) the world's
oldest known alluvial diamonds present in Archean 3.0 billion year old
metaconglomerates (D. Bradley, USGS), b) primary diamond deposits in
metamorphosed dike- and possible pipe-form kimberlites that were
intruded into rock sequence after folding but before metamorphism,
similar to those at Mitzic, Gabon, and 3) diamonds in younger pipe- and
dike-form un-metamorphosed kimberlite bodies, similar to those at
Makongonio, Gabon.  The large 22 mm gem octahedral "sharp-faced"
diamond found at Malambani by Avoine in 1960 is believed to be part of
the third group of diamonds. Mr. Manke has designed a new rapid
processing concentrating table system to speed up reduction of
Mexivada's backlog of diamond exploration samples, which will be
shipped to the project soon.

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, Diamonds, Molybdenum, and Rare Metal exploration projects
in Mexico, Nevada, and Central/West Africa.  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.

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.

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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For more information visit our website at http://www.mexivada.com/ or
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