Midway Gold Appoints New CFO

Midway Gold Corp. (MDW:TSX-V; MDW:NYSE-AMEX) ('Midway') is pleased to
announce that Mr. John Labate will be joining the Midway team as the new
Chief Financial Officer. Mr. Labate will work with Mr. Fritz Schaudies,
the Company′s current CFO, to ensure a seamless transition of his Chief
Financial Officer duties.

Ken Brunk, the Company′s Chairman, President and CEO stated, 'First, we
would like to thank Fritz for his work at Midway. His advancement of the
company′s financial systems has been very valuable and is extremely
appreciated. While we are sad to see him go, we all wish him the very
best in health and happiness. As we move forward, we are delighted to
welcome John Labate to Midway. John brings a wealth of financial
experience gained from his many years in the mining industry and we
believe he will be a great fit for the company.?

Mr. Labate brings over 30 years of financial experience to the Midway
team having been CFO of dually listed mining companies since the
mid-90s. Mr. Labate is joining Midway from Behre Dolbear where he has
been Managing Director in the management-consulting group. Prior to his
consultancy, he was Senior Vice President and CFO of Golden Star
Resources. While SVP and CFO of Golden Star, Mr. Labate established
lines of credit, including revolving debt and reclamation bonding,
implemented strong spending controls and analysis, and strengthened
supply chain functions. Prior to his tenure with Golden Star, Mr. Labate
was Vice President and CFO of Constellation Copper Corporation where he
was responsible for all financial and administrative activities for the
TSX-listed copper/zinc mining and development company. John holds a B.S.
in Accounting from San Diego State University.

ON BEHALF OF THE BOARD

'Kenneth A.
Brunk'

Kenneth A. Brunk, Chairman, President and CEO

About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore,
design, build and operate gold mines in a manner accountable to all
stakeholders while assuring return on shareholder investments. For more
information about Midway, please visit our website at www.midwaygold.com
or contact Jaime Wells, Investor Relations Analyst, at (877) 475-3642
(toll-free).

Neither the TSX Venture Exchange, its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
nor the NYSE MKT accepts responsibility for the adequacy or accuracy of
this release.

This press release contains forward-looking statements about the
Company and its business. Forward looking statements are statements that
are not historical facts and include, but are not limited to, statements
about Mr. Labate′s experience and anticipated contributions to the
Company. The forward-looking statements in this press release are
subject to various risks, uncertainties and other factors identified in
the Company's SEC filings and its filings with Canadian securities
regulatory authorities. Forward-looking statements are based on the
beliefs, opinions and expectations of the Company's management at the
time they are made, and other than as required by applicable securities
laws, the Company does not assume any obligation to update its
forward-looking statements if those beliefs, opinions or expectations,
or other circumstances, should change.

Midway Gold Corp.

Jaime Wells, 877-475-3642 (toll-free)

Investor
Relations Analyst