Mexivada Expands Clorinda Zone of Mineralization at Timmins and Acquires 2 Properties Near Ross Mine, Hislop-Matheson, Ontario

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to report that it has expanded its new Clorinda zone of quartz-ankerite-pyrite
veining mineralization on its Golden Porcupine property, just south of the
Dome-Aunor-Delnite mines complex of Goldcorp at Timmins, Ontario. New stripping
has exposed major zones of quartz veining, presently known to be up to plus 120
metres in length and up to 15 metres width, potentially of open pit size, as
shown on photographs on Mexivada's home page and Golden Porcupine webpage at
www.mexivada.com. Metallic mineralization is found in outcrop, including
fine-grained pyrite in massive to banded vein quartz. The lateral extent of this
system of veining is interpreted to be at least 700 metres in strike length,
where it appears to have been intersected in Mexivada's Rypan drillhole GP11-6,
and may be over 1.1 kilometres in length. Mexivada cautions that gold fire
assays are necessary to validate this as a gold discovery; sawn channel samples
are being systematically taken and delivered to ISO 9001-certified labs in
Timmins for assay. This appears to be the largest quartz vein system discovery
made at Timmins, south of the main Destor-Porcupine Fault, in the last 75 years.
This target will be drilled upon completion of this channel sampling program, in
October. Core is being sawed and bagged at Mexivada's new, large, office and
work/storage facility in South Porcupine, Ontario. The work effort is being
supervised by A. David Heyl, C.P.G., Mexivada's Vice-President of Exploration.


Hislop Property Acquisitions, Matheson, Ontario: Mexivada also is conducting
work and has acquired properties in the "booming" Matheson area in Hislop
Township, and here reports the acquisition to date of an 8-unit claim group
4251933 from 2205730 Ontario, Inc. and a 4-unit claim group 4255022 from Pierre
C. Robert. These claims are located near the +1,000,000 ounce Ross gold mine,
the Black Fox Mine, Gibson deposit, Contact and 147 Zones of Brigus Gold, the
Hislop Mine of St. Andrew Goldfields, the Creek Zone of Stroud Resources, and
the Gold Pike Mine of Victory Gold Mines. 


St. Andrew Goldfields recently completed at least 11 drillholes in a tight
pattern near the Mexivada-Robert claims, as little as 175 metres from the
Mexivada claims boundary, finding gold-mineralized hematitic-pyritic
metavolcanic rocks, as assayed by Mexivada from drill core pieces left on the
ground, and possibly a new drill-indicated gold deposit. If this turns into an
open pit gold mine, St Andrew will need the Mexivada property for an open pit
layback, in the worst case, of an ore zone not being found by Mexivada on
425022.


A gold mineralized occurrence is shown on Ontario map 2676 as present on
Mexivada's 4251933 claim group, which will be mapped and sampled in October by
Mexivada. A magnetometer-very-low-frequency ("VLF") survey has just been
completed for Mexivada on the two properties by Katrine Exploration of Kirkland
Lake, who monitors Mexivada's land positions in Ontario. VLF is used to find
water-filled fault zones, which may host and carry gold mineralization. Mexivada
is searching for additional northerly-trending fault zones for mineralization
similar to Brigus Gold's 147 and Contact Zones, such as on the Mexivada-Robert
claims, where magnetic survey results already point to such a target being.


A second drill rig has been contracted, for +2000 metres of work in 2011 in this
Hislop area from Laframboise Drilling, beginning in approximately 2 weeks end of
October. Mexivada is using flow-through cash funds in Mexivada's treasury to
fund a plus 5,000 metre drilling program in Ontario in 2011. Mexivada is
acquiring additional highly prospective gold properties in the Hislop mining
area, which will be further reported upon and drilled shortly.


4251933 Property: Mexivada purchased this property from 2205730 Ontario, Inc.
for the sum of 200,000 shares of Mexivada common stock to be issued to the
vendor, subject to approval by the TSX Venture Exchange and a 2% net smelter
return royalty, half of which may be purchased at any time by Mexivada or its
assigns for the sum of $1,000,000.


4255022 Property: Mexivada optioned 100 percent of this property from Pierre C.
Robert of Timmins, Ontario, Inc. for the following staged payments, subject to
approval by the TSX Venture Exchange and a 2% net smelter return royalty, half
of which may be purchased at any time by Mexivada or its assigns for the sum of
$1,000,000: 




a.  the payment of the sum of $50,000 within three business days of the
    Optionee receiving approval from the TSX Venture Exchange to the terms
    of this Agreement (the "Approval Date");
b.  the payment of the sum of $100,000 within one year from the Approval
    Date;
c.  the payment of the sum of $200,000 within two years from the Approval
    Date;
d.  the payment of the sum of $500,000 within three years from the Approval
    Date;
e.  the issuance of 1,000,000 shares in the capital of the Optionee to be
    delivered within three business days from the Approval Date;
f.  the issuance of an additional 1,000,000 shares in the capital of the
    Optionee within one year of the Approval Date;
g.  the issuance of an additional 1,000,000 shares in the capital of the
    Optionee within two years of the Approval Date; and
h.  the issuance of an additional 1,000,000 shares in the capital of the
    Optionee within three years of the Approval Date.



Mexivada has conducted a magnetometry plus VLF survey on the 4255022 property,
and has defined a major, drill-untested 147 Zone-type gold target and will drill
it in approximately two weeks. This upcoming drill program is funded with
flow-through funds in Mexivada's treasury. The program will allow Mexivada to
determine part of the value of the property before additional property payments
are required to be made.


The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified
Professional Geologist, a 'qualified person' for the purposes on National
Instrument 43-101 Standards of Disclosure for Mineral Properties, has examined
and studied the Dome, Delnite, Pamour and Hislop mines, verified the information
herein, and evaluated the interpretations contained in this news release.


About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, mining, and joint venturing high-grade
Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico,
Nevada, Canada, and Africa. Mexivada is managed by experienced and successful
board members and advisors. For further information, including area maps,
sections, and photos, 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

Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain
certain "forward-looking statements" including, but not limited to, statements
relating to interpretation of mineralization potential, drilling and assay
results, future exploration work, and the anticipated results of this work.
Forward looking statements are 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 the forward-looking
statements, including, without limitation: risks related to fluctuations in
metals and diamond prices; uncertainties related to raising sufficient financing
to fund the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical, governmental,
social, or other factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the company's projects;
uncertainties involved in the interpretation of sampling and drilling results
and other tests; the possibility that required permits and access agreements may
not be obtained in a timely manner; risk of accidents, equipment breakdowns or
other unanticipated difficulties or interruptions; the possibility of cost
overruns or unanticipated expenses in these work programs. 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.