Mexivada Announces Re-Pricing of Previously Announced Private Placement

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) ("Mexivada"
or the "Company") - The Company announces that, subject to regulatory approval,
it proposes to amend the terms of the brokered private placement (the
"Offering") announced in the Company's news release of June 4, 2012 by changing
the price of the units ("Units") to $0.12 per Unit and the exercise price of the
Warrants (as defined below). Each Unit will consist of one common share in the
Company (a "Share") and one-half of one warrant (a "Warrant"). Each whole
Warrant will entitle the holder to purchase one Share at a price of $0.15 per
Share for a period of 24 months following the closing date. Canaccord Genuity
Corp., the agent in connection with the private placement on a best efforts
basis, will receive a cash commission of 8% of the gross proceeds from the
Offering and warrants to acquire that number of Shares as is equal to 8% of the
number of Units sold pursuant to the Offering, at an exercise price of $0.15 per
Share. As previously announced, the offering will raise proceeds of up to
$2,000,000 million and all other terms of the private placement remain
unchanged. 


About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on
exploration and development of Gold-Silver exploration projects in Nevada,
Canada and Mexico. Mexivada is managed by experienced and successful board
members and advisors. For further information, please visit our web site at
www.mexivada.com or contact us by e-mail at [e-mail].


On behalf of the Board of Directors,

Richard R. Redfern, President & CEO

Mexivada Mining Corp.

Caution Concerning Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements relating to the plans for completion
of the Offering including timing, availability and amount of financing; expected
use of proceeds; business objectives; and the potential success of the
foregoing. Forward looking information includes statements that are not
historical facts and are subject to a variety of risks and uncertainties which
could cause actual events or results to differ materially from those reflected
in such statements, including, without limitation: the risk that the Offering
will not be approved by the TSX Venture Exchange; risks and uncertainties
related to the Offering not being completed in the event that the conditions
precedent thereto are not satisfied; uncertainties related to raising sufficient
financing to fund the planned work in a timely manner and on acceptable terms.
Forward-looking statements contained in this release are based on the beliefs,
estimates, and opinions of management on the date the statements are made. There
can be no assurance that such statements will prove accurate. Actual results may
differ materially from those anticipated or projected. Mexivada Mining Corp.
undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates, opinions, or other factors, should change.