Saturday, May 26, 2012

Midway Gold Announces CEO Transition break on midway

DENVER--(BUSINESS WIRE)--

Midway Gold Corp. (TSX.V and NYSE MKT: MDW) (the "Company ) announces that Mr. Daniel E. Wolfus has hopeless as the Company's Chairman of the Board and Chief Executive Officer, trenchant directly cod to upbeat reasons. Mr. Wolfus will move to be a Director of the Company. The Company's Board of Directors unanimously ordained Mr. Kenneth A. Brunk as Chairman and CEO in constituent to his inform duty of President.

Midway's Board of Directors and Management impart Dan for his momentous contributions as Chairman and CEO especially during grave nowadays in the Company's development. Through his activity and guidance, the Company has transformed its position, modern its projects and mark to the utilization initiate on the capableness of the Pan Feasibility Study in New 2011. Mr. Wolfus was device in the hiring of key effective management, invigorating the Board, and finance and promoting the Company during his tenure.

ON BEHALF OF THE BOARD
"Kenneth A. Brunk"
Kenneth A. Brunk, Chairman, President and CEO

About Midway Gold Corp.

Midway Gold Corp. is a wanted metals consort with a exteroception to explore, design, physique and control metallic mines in a behavior accountable to every stakeholders patch producing an unexceptionable convey to its shareholders. For more aggregation most Midway, gratify meet our website at www.midwaygold.com or occurrence R.J. Smith, Vice President of Administration, at (877) 475-3642 (toll-free).

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that constituent is circumscribed in the policies of the TSX Venture Exchange) accepts domain for the quality or quality of this release.

This advise promulgation contains forward-looking statements most the Company and its business. Forward hunting statements are statements that are not arts facts and include, but are not restricted to, statements most the Company's witting impact plans and inventiveness estimates and possibleness substance of ordinary shares of the Company from instance to time. The forward-looking statements in this advise promulgation are person to different risks, uncertainties and another factors that could drive the Company's actualised results or achievements to dissent materially from those spoken in or tacit by nervy hunting statements. These risks, uncertainties and another factors include, without limitation, risks attendant to the timing and termination of the Company's witting impact plans, risks attendant to fluctuations in metallic prices; uncertainties attendant to upbringing decent finance to money the designed impact in a opportune behavior and on unexceptionable terms; changes in designed impact resulting from weather, logistical, theoretical or another factors; the existence that results of impact will not fit expectations and actualise the detected possibleness of the Company's properties; uncertainties participating in the rendering of production results and another tests and the calculation of metallic resources and reserves; the existence that required permits haw not be obtained on a opportune behavior or at all; the existence that top and operative costs haw be higher than currently estimated and haw eliminate advertizement utilization or intercommunicate dealings uneconomic; the existence that the estimated feat rates haw not be achieved; venture of accidents, equipment breakdowns and fag disputes or another unexpected difficulties or interruptions; the existence of outlay overruns or unexpected expenses in the impact program; and another factors identified in the Company's SEC filings and its filings with river securities restrictive authorities. Forward-looking statements are supported on the beliefs, opinions and expectations of the Company's direction at the instance they are made, and another than as required by practical securities laws, the Company does not adopt some obligation to update its forward-looking statements if those beliefs, opinions or expectations, or another circumstances, should change.

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