MNI Tanager Energy, Inc.

MGold Resources Inc. ("MGold" or the "Corporation") (TSX VENTURE:MNI) has
granted 2,750,000 incentive stock options (each an "Option") to directors and
consultants of the Corporation. One-fourth of the Options will be vested on the
date of the grant and one-fourth will vest over every six-month period
thereafter. Each Option shall entitle its holder thereof to purchase one common
share of the Corporation's share capital (each a "Common Share") at a price of
$0.10 per Common Share for a period ending five years following the date of
grant. This grant of Options is made in compliance with the terms of the
Corporation's stock option plan and remains subject to applicable filings with
the TSX Venture Exchange. 


Furthermore, the Corporation announces that it has received notice of
resignation from Douglas Reeson as director of the Corporation. Mr. Reeson is
pursuing other opportunities and MGold's board of directors wish to thank him
for his services over the course of his engagement to the Corporation. 


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 and gold.

Tanager Energy, Inc. (TSXV:MNI)
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Tanager Energy, Inc. (TSXV:MNI)
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