Meadow Bay Gold Update on Drilling at Atlanta Gold Mine in Nevada

Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSX VENTURE:MAY)(PINK
SHEETS:MBYCF)(FRANKFURT WKN:A1C3DN) has completed five core drill holes for a
total of 3,854 feet (1,156 metres) of drilling on the Atlanta Gold Mine project
and are currently on the sixth and last verification hole. The drill program is
in accordance with recommendations made by Gustavson Associates, LLC of Boulder,
Colorado - who have been retained to verify the drill results from earlier
exploration and certify prior Kinross indicated mineral resources under modern
day National Instrument 43-101 standards. Drill samples have been submitted to
ALS Chemex for analysis and assays are pending. Gustavson Associates has also
issued an opinion that sampling and security procedures at the Atlanta Gold Mine
are compliant with QA/QC protocols required under NI 43-101.


Following the completion of the sixth verification hole, the drill will be moved
northwards along the Atlanta Structure where it will begin in-fill drilling
between widely -spaced exploration holes from previous operators. In addition to
potentially adding to the resource base, these new holes will provide needed
stratigraphic and structural controls before step-out drilling along untested
portions of the structure further to the north.


In addition to the claims acquired this year through the acquisition of Desert
Hawk Resources and the Agreement with Atna Resources, Meadow Bay Gold has staked
in excess of 250 new unpatented mining claims. These claims effectively cover
the entire Atlanta District and encompass both new exploration targets and space
needed for any future mining operations.


Exploration in a new area, the Western Knolls, has revealed gold in rock-chip
and soil samples over a broad area of silicified volcanics. Additional sampling
and mapping is continuing with the goal of delineating a drill target during the
2011 exploration season. Initial soil sampling in further new area, the PEG
area, has returned significant results from widely spaced samples and will be
followed up later in August.


Charles (Bill) Reed, a Qualified Person under National Instrument 43-101, has
reviewed the contents of this news release.


Meadow Bay Gold Corporation

Robert Dinning, Chairman and CEO