MNI Tanager Energy, Inc.

MGold Resources Inc. ("MGold" or the "Corporation) (TSX VENTURE:MNI) announced
today that, following the election of the new Board of Directors of the
Corporation at the annual shareholders meeting held on June 29, 2012, the
directors have made the following appointments:




--  John E. Squarek, P. Eng., MBA, as the President and Chief Executive
    Officer, and 
--  Edward Kozowy as the Interim Chief Financial Officer of the Corporation.



In addition, Cassady Harraden has resigned as Vice-President, Exploration.

The Corporation intends to consider additional officer appointments once the new
business plan and strategy has been developed and approved by the Board.

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