TSX-V: MNV
    OTC:  MXVDF
    Frankfurt: M2Q

VANCOUVER, Dec. 23 /PRNewswire-FirstCall/ - Mexivada's Chief Geologist in the ROC Congo, Dr. Noel Watha-Ndoudy, has reported the discovery of a new area of alluvial gold mineralization near Mourindjoka in the ROC Congo. Mexivada's prospecting permits and gold and diamond concessions cover the bulk of the auriferous Mayoko greenstone belt in the ROC Congo. Mexivada has previously reported discoveries of alluvial diamonds made near Mourindjoka and nearby Mousondji.

Mexivada's Director General in the ROC Congo, Adolphe Nguimbi, recently reported to Mexivada's management that a "gold rush" had begun in the southwestern part of the company's Malambani exclusive Permis de Recherches concession area, southwest of our Mayoko field office. Mr. Nguimbi reported that approximately 700 artisanal gold miners had flooded into a new area to recover a substantial amount of alluvial gold. Dr. Watha-Ndoudy followed up on this news and reported that miners near Mourindjoka were recovering alluvial and eluvial gold contained in banded iron formations ("BIF's") at the surface. Dr. Watha-Ndoudy noted that this new discovery represents the first confirmed western extension of the gold-enriched part of the Mayoko Greenstone Belt, to the west of the Louesse River, opening up a new geologic terrane for gold exploration. Mexivada has made several discoveries of gold in BIF's nearby to the east of the Mourindjoka area, at Ngouaka-Mingassa-Bambounga. During the 1960's, the Avoine Company reported the recovery of a 1 Kg gold-quartz vein chunk ("nugget") at Bambounga, located 12 Km east-northeast of Mourindjoka.

Mexivada's staff in the ROC Congo is now formulating the 2009 work program to explore and evaluate this new gold discovery as well as the 12 Km long area in between Bambounga and Mourindjoka. Mexivada feels that this area holds good potential for the discovery of large-scale bulk mineable gold deposits and is actively searching for a joint venture partner to help fund exploration of the Mayoko Gold Belt.

This press release and its contents have been reviewed by Richard R. Redfern, Mexivada's President, who is a Certified Professional Geologist and Qualified Person as defined under National Instrument 43-101.

    About Mexivada Mining Corp.
    ---------------------------

    Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Diamonds, and Rare Metal exploration projects in Mexico, Nevada, and
Central/West Africa. For further information, including area maps, sections,
and photos, please visit our web site at www.mexivada.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "RICHARD R. REDFERN"

    Richard R. Redfern
    President

         The TSX Venture Exchange does not accept responsibility for
                  the adequacy or accuracy of this release.

                Caution Concerning Forward-Looking Statements

This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling assay results, future exploration work, and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond 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, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.

Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

SOURCE Mexivada Mining Corp.