MGold Resources Inc. (TSX VENTURE:MNI) ("MGold" or the "Corporation") announced
today that the participation agreement previously announced on November 12,
2012, has been terminated on the basis that a condition of the agreement was not
satisfied. The project partner did not obtain the required working interest in
the property and therefore MGold will not participate in the re-entry or the
placing on production of the Devonian D-3 well.


MGold Resources Inc. is a Lethbridge, Alberta based corporation engaged in the
exploration for petroleum and natural gas. The Corporation's common shares are
listed on the TSX Venture Exchange under the trading symbol "MNI".


FOR FURTHER INFORMATION PLEASE CONTACT: 
MGold Resources Inc.
John Squarek
President and Chief Executive Officer
403-388-0969
john.squarek@mgold.ca
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