Midway Plans Interim Private Placement

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Midway Gold Corp. ("Midway") (TSX VENTURE:MDW)(NYSE Amex:MDW) plans to raise up
to $800,000 from a non-brokered private placement financing from the sale of up
to 1,333,333 units at a price of $0.60 per unit. Each unit will consist of one
common share and one common share purchase warrant. Each warrant will entitle
the holder thereof to purchase one additional share in the capital of Midway for
a term of eighteen months from closing at a price of $0.70 per share for the
first six months, $0.80 per share for the second six months and $0.90 per share
for the third six months from closing the private placement. The private
placement is subject to compliance with applicable securities laws and to
receipt of regulatory approval.


Proceeds of this private placement will be used by Midway to fund ongoing
exploration and development programs and Midway's gold projects in Nevada and
Washington and for general corporate purposes.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States absent registration or an exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be unlawful.


ON BEHALF OF THE BOARD

Daniel Wolfus, Chairman and CEO

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.