Zacks Investment Research Initiates Mexivada Mining Corp. Coverage With an Outperform Recommendation

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/08/11 -- Zacks Investment Research has initiated Mexivada Mining Corp. (TSX VENTURE: MNV)(OTCBB: MXVDF)(FRANKFURT: M2Q) coverage with an outperform recommendation and an initial six-month target price of 25 cents per share.

About Mexivada Mining Corp.:

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, mining, and joint venturing prospective Gold-Silver, Tellurium, Diamond, and Rare Metal exploration projects in Mexico, Nevada, Canada, and Africa. Mexivada is managed by experienced and successful board members and advisors. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

ON BEHALF OF THE MEXIVADA BOARD OF DIRECTORS

Richard R. Redfern, President

DISCLAIMER AND SAFE HARBOR STATEMENT

The following report was prepared by a third party and not Mexivada Mining Corp. Mexivada Mining Corp. is neither responsible for its content nor for its accuracy or completeness. Mexivada Mining Corp. has no responsibility to update, revise or make corrections to the report. Mexivada Mining Corp. does not guarantee the accuracy or completeness of the report. The information in the report is not designed to fulfill the needs of any particular investor, is not investment advice and should not be construed as such. Any opinions depicted in the report are subject to change, and Mexivada Mining Corp. has no responsibility to notify any party of any such change. The furnishing of this report is not an endorsement, approval or verification by Mexivada Mining Corp. of any of the contents of the report or any recommendations contained therein, and should not be construed as such. The report includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that Mexivada Mining Corp. will continue to grow its respective businesses, execute its business plans or meet the expectations described in the report. A complete discussion of the risks and uncertainties which may affect Mexivada Mining Corp.'s business generally and the businesses of its subsidiaries is included in 'Risk Factors' in the Company's most recent financial statement as filed by Mexivada Mining Corp. on SEDAR.

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

Contacts:

Mexivada Mining Corp.

Investor Relations

1 604 568-7726 or 778 737-7771
info@mexivada.com
www.mexivada.com