Madison Minerals Provides Update to Reverse Takeover Acquisition of Battle Mountain Gold Inc.

Madison Minerals Inc. ("Madison" or the "Company") (TSX
VENTURE:MMR)(OTCBB:MMRSF) is pleased to announce that an annual and special
meeting of the holders of common shares of Madison (the "Shareholder Meeting")
has been set for April 30, 2014 to approve, among other matters, the reverse
takeover transaction with Battle Mountain Gold Inc. (the "Transaction")
previously announced in a news release dated March 13, 2014.


The Transaction remains subject to approval by the TSX Venture Exchange (the
"Exchange") and trading in the Madison Shares remains halted in accordance with
Exchange Policy 5.2. Madison is continuing to work with the Exchange to deliver
the required documentation and complete the steps necessary to permit a
resumption of trading. 


About Madison

Madison is in the business of mineral exploration and development. Madison,
through its wholly owned US subsidiary, Madison Enterprises (Nevada) Inc.
("Madison US"), holds a 60% participating interest in the Phoenix Joint Venture,
a joint venture under the laws of the State of Nevada consisting of Madison US
and Nevada Royalty Corp, which holds the remaining 40% participating interest in
the Phoenix Joint Venture. The Phoenix Joint Venture currently holds a 100%
interest in the Lewis Property, subject to certain royalty interests. The Lewis
Property is a mineral exploration property in the Battle Mountain Mining
District, Lander County, Nevada, USA.


Neither the Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the Exchange) accepts responsibility of the adequacy
or accuracy of this release. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Madison Minerals Inc.
Chet Idziszek
President, Chief Executive Officer and Director
[phone]
[phone] (FAX)
[e-mail]
www.madisonminerals.com