MNI Tanager Energy, Inc.

MGold Resources Inc. (TSX VENTURE:MNI) ("MGold" or the "Corporation") announced
today that is settled outstanding indebtedness of $40,000 through the issuance
of 800,000 common shares of the Corporation at a deemed price of $0.05 per
share. The common shares issued in connection with the debt settlement are
subject to a four month hold period that expires on May 15, 2013.


MGold Resources Inc. is a Lethbridge, Alberta based corporation engaged in the
exploration for minerals. 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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