MGold Resources Inc. (TSX VENTURE:MNI) (“MGold” or the “Corporation”) is pleased to announce the appointment of Mr. A. Scott Hamilton, as Chief Financial Officer and Corporate Secretary. Mr. Hamilton has 20 years of experience as a designated Chartered Accountant both in public and private practice. After becoming an associate partner at Deloitte and Touche in 2001, he left public practice and commenced various consultative assignments in the Oil and Gas Industry in both service and exploration oriented companies.

Scott has both domestic and international experience and has had success in both “start- up” entities and companies in their “mature” life cycle.

His wealth of knowledge and experience enables him to employ these attributes to seek a variety of financings for those companies in which he has been involved. These successes have enabled both private and public companies to source funding from the traditional capital financiers and government sponsored programs whilst in the downturn of the oil and gas industry.

MGold Resources Inc. is a Lethbridge, Alberta based corporation engaged in the exploration for minerals, and oil and gas. The Corporation’s common shares are listed on the TSX Venture Exchange under the trading symbol “MNI”.