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Mar 13

Midas Gold Receives Receipt for Prospectus and Qualifies Exercise of Special Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 13, 2012) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES AND IS NOT A SOLICITATION OR A PROSPECTUS FOR STOCK

Midas Gold Corp.("Midas Gold" or the "Company") (TSX:MAX.TO - News) announces that it has received a receipt for its final short-form prospectus which qualifies the distribution, in the provinces of British Columbia, Alberta, Ontario and New Brunswick, of 9,085,000 common shares of Midas Gold on the deemed exercise of 9,085,000 special warrants (the "Special Warrants") which will occur effective March 14, 2012.The Company previously announced the closing of this private placement financing of Special Warrants on February 14, 2012 and the deemed exercise of the Special Warrants does not result in any additional payments to Midas Gold or the issuance of any additional common shares beyond the issue of one common share of Midas Gold for each Special Warrant.

"We are pleased with the timely manner in which we have received final receipt for our prospectus," said Stephen Quin, President and CEO of Midas Gold."With gross proceeds of $40.4 million from this financing, Midas Gold is well positioned to carry on with our exploration program at the Golden Meadows gold-silver-antimony-tungsten project in Idaho."

Details of the Special Warrant transaction are contained in the Company's final short-form prospectus dated March 8, 2012 and available at http://www.sedar.com.

On Behalf of the Board of Directors

MIDAS GOLD CORP.

Stephen Quin, President & CEO

About Midas Gold and the Golden Meadows Project

Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Inc., and Idaho Gold Resources, LLC, is focused on the exploration and, if warranted, potential future development of the Golden Meadows Project in the Stibnite-Yellow Pine district of central Idaho.The principal gold deposits identified to date within the Golden Meadows Project are the Hangar Flats, West End and Yellow Pine deposits, all of which are associated with important structural corridors and are described in a technical report entitled "NI 43-101 Technical Report on Mineral Resources, Golden Meadows Project, Valley County, Idaho" dated June 6, 2011 (the "Technical Report") is available on Midas Gold's website at http://www.midasgoldcorp.com or under Midas Gold's profile on SEDAR at http://www.sedar.com.

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Midas Gold Receives Receipt for Prospectus and Qualifies Exercise of Special Warrants

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