Midway Drills 33 Meters of 2 gpt Gold at Gold Rock, Nevada

Midway Gold Corp. ('Midway' or the 'Company') (MDW:TSX-V; MDW:NYSE-AMEX)
announces that the Company′s initial drilling on its Gold Rock Project,
White Pine County, Nevada intercepted 33.5 meters of 2.06 grams per
tonne (gpt) gold, including 7.6 meters of 4.18 gpt gold, in
drill hole GR11-05. Additional intercepts include 48.8 meters of 0.96
gpt gold in drill hole GR11-07, and 18.3 meters of 0.82 gpt
gold in drill hole GR11-03. Significant drill intercepts are listed in
the table below.

Ken Brunk, Midway′s President and COO said 'Midway has identified
gold mineralization from historic drill data that extends for almost 3
km along strike north and south of the previously mined Easy Junior pit.
The historic resource represents only a small portion of the area and is
confined to only about 0.6 km of strike length around the existing open
pit. Our 2011 drilling program is designed to verify the location and
grade reported in the historic holes so we can use those results in an
NI 43-101 resource estimate that will cover an area substantially larger
than that of the reported historic resource. We believe Gold Rock could
host a gold deposit that is comparable in size to our nearby Pan gold
deposit, but with a potentially higher average grade. This large amount
of historic drilling, once verified, could allow Midway to more quickly
move this property toward a development stage.?

Midway′s 2011 Gold Rock drill program is designed to verify historic
gold mineralization reported in drill results from past operators.
Initial results are very positive; verifying the grade, width, and
location of historic results in those areas drilled to date. A 1988
resource around the Easy Junior open pit mine was reported as 344,770 oz
gold in 13.5 million tonnes of 0.8 gpt gold. (A qualified person has
not done sufficient work to classify the historical estimate as a
current NI43-101 compliant mineral resource; Midway is not treating the
historical estimate as a current mineral resource and the historical
estimate should not be relied upon.) A review by Midway of
intercepts in 673 historic drill holes suggests that gold mineralization
may extend beyond this historic resource. The initial Midway drill
program includes 18,000 feet of reverse circulation (RC) drilling and
3,400 feet of core drilling to verify the historic drill results and to
further evaluate this bulk tonnage, Carlin-style, sediment-hosted gold
project. One RC drill and one core drill are currently operating on the
property.

Significant Drill Hole Assay Intercepts

Gold Rock
Project, Nevada

Reverse circulation drilling was conducted by O′Keefe Drilling of
Butte, Montana.Samples were assayed by ALS-Chemex Labs, in
Sparks, Nevada by 30-gram fire assays. Results reported represent
thickness along the trace of the drill hole and do not necessarily
represent true thickness.

In 1986, Echo Bay Mines discovered the Easy Junior gold deposit in what
is now the center of Midway's Gold Rock project. Alta Gold conducted
open pit mining at Easy Junior between 1989 and 1994, continuing leach
production to 1996. Midway Gold Corp., through its acquisition of
Pan-Nevada Gold Corporation, gained control of the project in 2007. Gold
Rock is 8 km southeast of Midway′s Pan Project and appears to contain
similar host rocks and similar styles of gold mineralization.

This release has been reviewed and approved by Mr. William S. Neal
(M.Sc. and CPG), Vice President of Geological Services, and a 'Qualified
Person' as that term is defined in NI ?43-101.

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 producing an acceptable return to its shareholders.
For more information about Midway, please visit our website at www.midwaygold.com
or contact 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 term is defined in the policies of the TSX Venture Exchange)
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 the Company's intended work plans for the projects and resource
estimates. The forward-looking statements in this press release are
subject to various risks, uncertainties and other factors that could
cause the Company's actual results or achievements to differ materially
from those expressed in or implied by forward looking statements. These
risks, uncertainties and other factors include, without limitation,
risks related to the timing and completion of the Company's intended
work plans for the projects, risks related to fluctuations in gold
prices; uncertainties related to raising sufficient financing to fund
the planned work in a timely manner and on acceptable terms; changes in
planned work resulting from weather, logistical, technical or other
factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the Company's
properties; uncertainties involved in the interpretation of drilling
results and other tests and the estimation of gold resources and
reserves; the possibility that required permits may not be obtained on a
timely manner or at all; the possibility that capital and operating
costs may be higher than currently estimated and may preclude commercial
development or render operations uneconomic; the possibility that the
estimated recovery rates may not be achieved; risk of accidents,
equipment breakdowns and labor disputes or other unanticipated
difficulties or interruptions; the possibility of cost overruns or
unanticipated expenses in the work program; 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.

R.J. Smith, 877-475-3642

Vice President of
Administration