MGold Engages Investor Relations Consultant

MGold Resources Inc. ("MGold" or the "Corporation") (TSX VENTURE:MNI) is pleased
to announce that it has engaged Investor Cubed Inc. ("Investor Cubed" or "ICI")
to provide investor relations and shareholder communications services. ICI is a
Toronto-based investor relations consulting firm. ICI will not provide market
making services. ICI is at arm's length with MGold and currently has no direct
or indirect interest in securities of the Corporation.


The initial term of the consulting agreement (the "Agreement") entered into by
MGold and ICI is for a twelve (12) month period which will be automatically
renewed for an additional twelve (12) month period unless otherwise terminated
by MGold or ICI. MGold will have the right to terminate the Agreement starting
January 12, 2012 by providing ICI with a thirty (30) days written notice. ICI
will receive a monthly fee of $5,000. In addition, subject to the TSX Venture
Exchange (the "Exchange") approval, ICI shall be granted 300,000 stock options
(each an "Option"). Each Option will entitle its holder thereof to purchase one
(1) common share of the share capital of MGold (each a "Common Share") at a
price of $0.10 per Common Share. The Options will vest quarterly over a period
of one year and will expire five years following the date of issuance. The
Options are subject to the terms and conditions of MGold's stock option plan.


The Agreement is subject to acceptance of applicable filings with the Exchange.

About Investor Cubed

Investor Cubed provides specialized investor relations and business consulting
services to a select group of leading emerging and mid-capitalization public
companies. Investor Cubed has an established national network of financial
industry professionals including investment advisors, bank owned investment
dealers and leading independent financial firms. In addition, ICI introduces and
manages national online and off-line marketing initiatives.


About MGold

MGold is engaged in mineral exploration for precious and base metals. The
Corporation holds a 100% interest in the Burchell Lake Property which is
prospective for gold, copper, and molybdenum, in the Shebandowan area of
Northwestern Ontario. The Corporation is also engaged in the mineral exploration
of the Silver Queen and Klondyke properties located in the Esmeralda County,
Nevada, both of which are prospective for silver.

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