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UPDATE: Midas Gold Off 1% Even with Discovery of High Grade Gold Mineralization at Golden Meadows Project

Midas Gold Corp. (MAX.TO), which opened today unchanged at $4 from Friday's close, is now trading 1% lower at $3.95 with more than 37.8 thousand shares that have already traded, even after announcing positive results from reconnaissance sampling and follow-up evaluation of one of the larger geophysical anomalies outlined by its 2011 DIGHEM airborne electromagnetic, with rock samples returning values up to 39 g/t gold in outcrop.

Stephen Quin, President and CEO, said: "Midas Gold is encouraged to encounter significant, high grade gold mineralization in outcrop coincident...These results indicate potential for a significant new gold system in this area, warranting systematic exploration to evaluate this anomaly."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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