MEX Mexican Gold Mining Corp

Midlands Minerals Corp. ("Midlands" or the "Company") (TSX
VENTURE:MEX)(OTCQX:MDLXF) announces that it has granted an aggregate of
8,500,000 stock options to directors, officers and consultants of the Company
pursuant to the Company's stock option plan (the "Plan"). These stock options
vest immediately, have an exercise price of $0.10 per share and an expiry date
of November 14, 2016. These stock options were issued in place of the stock
options granted by the Company on September 22, 2011 and September 29, 2011 (as
announced in the press releases dated September 23, 2011 and October 3, 2011,
respectively, which options have been rescinded and cancelled) because the
exercise price was below the minimum exercise price required by the TSX Venture
Exchange. 


KA Gold LLC ("KA Gold") was also granted 100,000 stock options pursuant to the
Plan, including vesting provisions, in place of the stock options granted on
September 22, 2011. The stock options granted to KA Gold have an exercise price
of $0.10 per share and an expiry date of November 14, 2016. In addition to the
disclosure included in the press release dated September 23, 2011, KA Gold
provides investor relations services to Midlands, including distribution of
press releases, preparation of marketing documents and marketing support, and is
a limited liability company incorporated in the state of Nevada whose principal
place of business is Tahoe City, California. KA Gold is arm's length from
Midlands and has no interest in Midlands, other than the stock options referred
to above. 


About Midlands Minerals: 

Midlands Minerals is focused on developing a portfolio of high quality gold
exploration projects in Ghana and Tanzania, countries with exceptional histories
of gold production and home to some of the most profitable gold mines in Africa.
Midland's flagship gold property is the Sian project, site of a past producing
open pit gold mine located in the Ashanti gold belt. Sian has NI 43-101
compliant Indicated gold resources of 2.6 million tonnes grading 2.33 gpt gold
(192,400 ounces) and Inferred gold resources of 2.7 million tonnes grading 2.35
gpt gold (203,350 ounces). Extensions to these resources are open along strike
and at depth, highlighting the potential to grow the gold resource at Sian.
Midlands' Kaniago gold project is located in Ghana's Asankrangwa gold belt and
is contiguous to two past open pit gold producers: Abore to the north and Obotan
to the south. Recent drilling and exploration has produced encouraging results,
demonstrating the gold resource potential of the project. 


Midlands also holds licences for gold and diamonds in two regions in Tanzania.
The first is found in the Lake Victoria Goldfields region and includes its
advanced Itilima Gold Project, which lies within the Geita-Bulyanhulu-Sekenke
Trend, which hosts over 40 million ounces in gold reserves. The second region
lies within the Kilindi-Handeni Trend and includes the New Kilindi-Handeni
prospecting licences. 


Please note: mineral resources that are not mineral reserves do not have
demonstrated economic viability. Additional information on Midlands can be
viewed under the Company's profile at www.sedar.com or on Midlands' website:
www.midlandsminerals.com.


On behalf of the Board of Directors: 

Nick Tintor

Chairman of the Board

This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the company's projects and other future
plans, objectives or expectations of Midlands Minerals Corp. (the "Company") are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's plans or expectations include risks relating to
the actual results of current exploration activities, fluctuating gold prices,
possibility of equipment breakdowns and delays, exploration cost overruns,
availability of capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or regulatory approvals
and other risks detailed herein and from time to time in the filings made by the
Company with securities regulators. The Company expressly disclaims any
intention or obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise except as
otherwise required by applicable securities legislation.

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