MGold Announces Appointment of Chief Financial Officer and Corporate Secretary

NOT FOR DISSEMINATION IN THE UNITED STATES

MGold Resources Inc. (TSX VENTURE:MNI) ("MGold" or the "Corporation") is pleased
to announce the appointment of Mr. A. Scott Hamilton, as Chief Financial Officer
and Corporate Secretary. Mr. Hamilton has 20 years of experience as a designated
Chartered Accountant both in public and private practice. After becoming an
associate partner at Deloitte and Touche in 2001, he left public practice and
commenced various consultative assignments in the Oil and Gas Industry in both
service and exploration oriented companies.


Scott has both domestic and international experience and has had success in both
"start- up" entities and companies in their "mature" life cycle.


His wealth of knowledge and experience enables him to employ these attributes to
seek a variety of financings for those companies in which he has been involved.
These successes have enabled both private and public companies to source funding
from the traditional capital financiers and government sponsored programs whilst
in the downturn of the oil and gas industry.


MGold Resources Inc. is a Lethbridge, Alberta based corporation engaged in the
exploration for minerals, and oil and gas. The Corporation's common shares are
listed on the TSX Venture Exchange under the trading symbol "MNI".