MNI Tanager Energy, Inc.

MGold Resources Inc. ("MGold" or the "Corporation") (TSX VENTURE:MNI) is pleased
to announce the appointment of Cassady Lee Harraden as Vice President
Exploration.


Ms. Harraden is a New Mexico-based geologist with four years' experience in
mineral exploration and Geographic Information Systems (GIS). Ms. Harraden
received a Bachelor of Science degree in geology from Fort Lewis College in
Durango, Colorado in 2007 with minors in GIS and mathematics. In addition to
graduating Magna Cum Laude, Ms. Harraden graduated at the top of her geology
class receiving the Rocky Mountain Association of Geologists Outstanding Senior
Award. Upon graduation, Ms. Harraden worked for three years at the Pebble
project, a world-class Cu-Au-Mo porphyry deposit in southwestern Alaska. During
her time at Pebble, she became specialized in multi-dimensional exploration
targeting techniques in addition to geophysical and geochemical interpretation,
geologic modeling, advanced data analysis, database management, public
relations, and permitting. Ms. Harraden received additional GIS, modeling, and
permitting experience while working for OASIS Environmental in Anchorage, Alaska
as a geologist and GIS specialist. Most recently, Ms. Harraden has successfully
taken on the role of senior geologist at several exploration projects in Nevada
and Arizona where she was directly responsible for managing technical teams
along with designing and implementing successful exploration programs.


Joel Scodnick, MGold's President and CEO remarks: "We are extremely happy to add
Ms. Harraden to MGold's team as its Vice President of Exploration. With her
obvious technical skills and her great experience working at early-stage to
advanced mineral exploration projects, we are confident Ms. Harraden will prove
to be instrumental in the success of our company."


MGold's board of directors has granted Ms. Harraden 75,000 incentive stock
options (each an "Option") to purchase common shares of the Corporation's share
capital (each a "Common Share") at a price of $0.10 per Common Share for a
period ending five years following the date of grant. This granting of Options
is made in compliance with the terms of the Corporation's stock option plan (the
"SOP") and remains subject to applicable filings with the TSX Venture Exchange
(the "Exchange").


MGold also announces it has entered into an agreement (the "Agreement") with
Venture Liquidity Providers Inc. ("VLP") to assist MGold in maintaining an
orderly trading market of its Common Shares (the "Market Making Service"). The
Market Making Service will be undertaken by VLP through a registered broker,
W.D. Latimer Co. Limited, in compliance with the policies of the Exchange. VLP
is at arm's length with MGold and currently has no direct or indirect interest
in securities of the Corporation.


The Agreement is for a period of 12 months and can be terminated at any time
upon written notice. VLP will receive a monthly fee of $7,500 and, subject to
the Exchange's approval, MGold shall grant 360,000 stock options (each a "VLP
Option") to VLP. Each VLP Option will entitle VLP to purchase one Common Share
at a price of $0.10 per Common Share for a period ending five years following
the date of grant. The VLP Options will vest quarterly over a period of one
year. This grant of VLP Options is made in compliance with the SOP and remains
subject to applicable filings with the Exchange.


The Agreement is subject to acceptance of applicable filings with the Exchange.

About Venture Liquidity Providers

VLP is a specialized consulting firm based in Toronto, Canada, that provides a
variety of services focused on the Exchange listed stocks. VLP's exclusive
market making service is provided by W.D. Latimer Co. Ltd. of Toronto, Canada,
in compliance with the guidelines set out in the Exchange's Policy 3.4 Investor
Relations, Promotional and Market Making Activities.


About MGold

MGold is engaged in mineral exploration for precious and base metals. The
Corporation is currently exploring the historical Silver Queen and Klondyke
silver properties in Esmeralda County, Nevada, under the terms of an Option
Agreement with Silver Reserve Corp., a wholly-owned subsidiary of Infrastructure
Materials Corp. (IMC). MGold also holds a 100% interest in the Burchell Lake
Property which is prospective for gold, copper, and molybdenum, in the
Shebandowan area of Northwestern Ontario. MGold has 36,144,024 issued and
outstanding common shares, and 48,136,296 on a fully diluted basis.

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