MNI Tanager Energy, Inc.

MGold Resources Inc.  (TSX VENTURE:MNI) ("MGold" or the "Corporation") announced
today that it settled outstanding indebtedness of $50,500 through the issuance
of 1,010,000 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 June 27, 2013. 


Hugh Loney, a director of MGold, subscribed for 210,000 common shares under the
debt settlement. MGold has determined that exemptions from the various
requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument
61-101 are available for the issuance of the common shares (Formal Valuation -
Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value
Not More Than 25% of Market Capitalization).


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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