Mexivada Options Roger Property from Romios Gold, in Hislop Gold Mining Area, Ontario

Mexivada Mining Corp. (TSX VENTURE:MNV)(OTCBB:MXVDF)(FRANKFURT:M2Q) is pleased
to announce the signing of an option to purchase up to a 60% interest in the
Roger gold property, Hislop Township, in the Matheson gold camp, Ontario,
Canada, from Romios Gold Resources Inc., under an agreement dated January 9,
2012. This agreement options Mexivada another strategic gold property, in the
heart of Canada's premier gold mining camp, just south of Brigus Gold's Black
Fox - 147 - Contact - Gibson gold mining property. 


The Roger property is located 400 metres southwest and 750 metres south of
Brigus' 147 and Gibson gold zones, respectively. Brigus announced a
drill-indicated gold resource for the 147 Zone in a press release dated December
15, 2011. The past-producing Ross Mine (P. Sheridan, +1,000,000 ounces of gold)
is located 2.8 km southeast of the Roger property. The Roger property shows
pyritic gold mineralization at the surface, and outcrop samples assayed to in
excess of 0.5 gram per tonne ("g/t") gold. The Roger property also has northerly
trending faults that could be similar to those on the adjoining Brigus property
that host the 147 and Contact Zones. 


Chevron Minerals conducted initial exploration drilling of at least 12 holes in
the late 1980s on the Roger property. Chevron discovered zones that assayed up
to 12.2 g/t gold over 0.7 m in hole 88-202, at a depth of 137 m. Up to 6
different gold zones may have been found on the property by Chevron. These zones
are along the NW-SE structural trend of the "V2 Zone" found on the adjoining
Stroud Resources property to the southeast of Roger. Chevron's drilling was too
wide spaced to define mineral resources on the property. 


Mexivada feels that the Roger property offers excellent potential for the
discovery of new gold zones. The property's strategic location near producing
gold mines in a burgeoning gold camp is a great plus for this property. Mexivada
will begin data analysis and modeling work immediately, and would hope to begin
drilling work on the Roger property this spring or summer, using its flow
through funds.


Mexivada ("Optionee") can earn a 50% interest in the mining rights to the Roger
property, subject to approval by the TSX Venture Exchange ("Regulatory
Approval"), by compensating Romios Gold ("Optionor") in structured payments of:




a.  the payment of the sum of $25,000 to Optionor upon signing of this
    Agreement (paid) and the issuance of common Shares of the Optionee
    having a value of $25,000, within five (5) business days after receipt
    of Regulatory Approval of the terms of this Agreement (the "Approval
    Date"); 

b.  the payment of the sum of $50,000 within one (1) year and five (5)
    business days from the Approval Date and the issuance of Shares having a
    Share Value of $50,000, concurrently; 

c.  the payment of $75,000 within two (2) years and five (5) business days
    from the Approval Date, and the issuance of Shares having a Share Value
    of $75,000, concurrently; and 

d.  the payment of $125,000 within sixty (60) following the second
    anniversary of the Approval Date, and the issuance of Shares having a
    Share Value of $125,000, concurrently. 



Mexivada also has work commitments under the option to earn 50% of the mining
rights as follows:




a.  expending a total of $100,000 on or before the first anniversary of the
    Approval Date, and; 

b.  expending a total of $1,000,000 including the amount referred to above,
    on or before the second anniversary of the Approval Date. 



Mexivada shall have the further right, upon formation of a Joint Venture with
Romios Gold, to acquire its pro rata proportion of the surface rights to the
Claim (the "Surface Rights Option"), in proportion to its interest in the Joint
Venture, for the payment of $200,000 to the Optionor (the "Surface Rights
Consideration"). Upon payment of the Surface Rights Consideration, the Optionor
shall contribute the remaining interest in the surface rights of the Claim to
the Joint Venture for no further consideration. If the Optionee does not pay the
Surface Rights Consideration, the Joint Venture shall be obligated to pay a
rental fee to the Optionor for use of the surface rights at the rate of $10,000
per year and the Optionor shall retain the surface rights to the Claim.


If the First Option to acquire a 50% interest in the mining rights is exercised,
Romios Gold granted to the Optionee the irrevocable option (the "Second Option")
to acquire a further 10% interest in the Mining Rights. Within thirty (30) days
of the exercise of the First Option, the Optionee shall notify the Optionor in
writing of its intention to exercise the Second Option. If the Optionee elects
to exercise the Second Option, it shall expend a further $1,000,000 for a total
of $2,000,000 on or before the third anniversary of the Approval Date, failing
which the Optionee shall have earned only a 50% interest in the Mining Rights
and a joint venture shall be formed. Upon the expenditure of an aggregate of
$2,000,000 within the time provided herein, the Second Option shall be deemed to
have been exercised, the Optionee shall have earned an undivided 60% interest in
the Mining Rights and the Optionor and the Optionee shall thereafter enter into
a joint venture agreement as provided for in the agreement. 


When Mexivada has earned either a 50% interest or a 60% interest in the Roger
gold property, the parties will enter into a Joint Venture Agreement for the
further exploration of the property. The JV Agreement would provide for pro rata
dilution for non-participation in programs. If either Party is reduced below a
10% interest, such interest shall be converted into a 2% Net Smelter Returns
Royalty ("NSR"); and if one Party has its interest converted into an NSR the
other Party shall have the right to buy 1% NSR for the sum of $1,000,000. If
either party is reduced below a 10% interest, such interest shall be converted
into a 2% Net Smelter Returns Royalty ("NSR") and the other Party shall have the
right to buy a 1% NSR for the sum of $1,000,000.


If at any time one of the two parties of this agreement (the "Offeror") desires
to sell, assign, or transfer all or any part of its rights and interest in this
Agreement, the Joint Venture and the Claim (the "Sale Interest"), then the other
Party of this agreement (an "Offeree") shall have a pre-emptive right to acquire
such Sale Interest. 


Mexivada has raised sufficient flow-through funds to conduct an initial drilling
program on the Roger property, and would seek additional financings to fund
further exploration and development efforts on the property. Mexivada has an
office with secure sample storage, core sawing and logging facilities in South
Porcupine, Ontario.


Mr. Richard Redfern, CEO and President of Mexivada, stated: "We are extremely
pleased to option the prospective Roger property in the Matheson gold camp from
Romios Gold. It is consistent with our company's strategy to explore and develop
properties in areas with good gold potential, excellent infrastructure, and with
near-term, drill-ready targets." 


Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, joint venturing, and mining high-grade
Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico,
Nevada, and Canada. Mexivada is managed by experienced and successful board
members and advisors. 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
verified the information contained in this news release, and evaluated the
interpretations contained in this news release. 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 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,
including projected possible cashflows. 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.