Midas Fund Distribution Estimate

NEW YORK, NY anticipates paying a year end distribution. The distribution is scheduled with a record date of December 5, 2007, an ex-date of December 28, 2007 and a payable date of December 31, 2007. At this time, the per share distribution is estimated as follows:

      Ordinary income of between $0.01 and $0.03 per share
      No capital gain distribution

This is a preliminary estimate and may change between now and the ex-date. A precise estimate of the amount of the distribution is not possible because the dollar amounts of income to be distributed will change and the number of shares outstanding on record date cannot be determined in advance.

The distribution will be reinvested or paid out in cash, according to the instructions associated with each shareholder's account.

Midas Fund is managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated (PINKSHEETS: WNMLA), which is engaged in stock market and gold investing through its investment management of equity and gold mutual funds. The open end mutual funds are Midas Fund, Inc. (NASDAQ: MIDSX), Midas Special Fund, Inc. (NASDAQ: MISEX), and Midas Dollar Reserves, Inc. (NASDAQ: DOLXX). The closed end funds are Foxby Corp. (AMEX: FXX) and Global Income Fund, Inc. (AMEX: GIF). To learn more about the Midas Funds, please visit www.MidasFunds.com.

Contact: Midas Fund, Inc. Shareholder Services 1-800-400-MIDAS (6432) www.MidasFunds.com