Press Releases

Guest User 12/4/18 Guest User 12/4/18

MIDAS GOLD ENTERS INTO COLLABORATIVE AGREEMENT WITH COMMUNITIES SURROUNDING ITS SITE AGREEMENT ENSURES TRANSPARENCY THROUGHOUT THE STIBNITE GOLD PROJECT & ESTABLISHES FOUNDATION

VANCOUVER, BC – Midas Gold Corp. (“Midas Gold” or the “Company”) (MAX:TSX / MDRPF:OTCQX), its wholly owned subsidiary, Midas Gold Idaho, Inc. (“Midas Gold Idaho”) and seven of the communities closest to the Stibnite Gold Project site have officially established a community agreement. Through the creation of the Stibnite Advisory Council, the agreement establishes a collaborative environment for the companies and local communities to work together throughout the life of the project and provides a venue for cities and counties to address concerns and opportunities directly with Midas Gold. It also creates the Stibnite Foundation to support community projects.

“We are looking forward to working with the members of the Stibnite Advisory Council,” said Laurel Sayer, CEO of Midas Gold Idaho. “Working alongside communities has always been an important pillar of the Stibnite Gold Project. We’ve spent a lot of time out in the community speaking with our neighbors and listening to their ideas because we know this information helps make our project stronger. With this agreement, we’ve formalized this philosophy and given every signatory to the agreement a voice and seat at the table throughout the life of our project.”

Since August, Cascade, Council, Donnelly, Idaho County, New Meadows, Riggins and Yellow Pine all unanimously voted to sign onto the community agreement, which has an effective date of November 30, 2018. Anne Labelle, Midas Gold Idaho Board Member, and Belinda Provancher, community relations manager for Midas Gold Idaho, worked closely with each of the communities to gather their feedback and incorporate it into the final community agreement. Each signatory is now in the process of appointing representatives to the Stibnite Advisory Council and Stibnite Foundation.

“Midas Gold has shown itself to be a good corporate citizen and partner. The Company has taken its commitment to another level with the community agreements,” said Julie Good, the President of the New Meadows City Council. “We are pleased to be a part of the Stibnite Advisory Council and look forward to working with Midas Gold and giving our community a voice in the Stibnite Gold Project.”

Under the agreement, the Stibnite Advisory Council will meet regularly to get updates from Midas Gold and discuss topics of concern or interest regarding the Stibnite Gold Project. The advisory council held an initial planning meeting and is currently scheduling an organization meeting. At this meeting, the Stibnite Advisory Council will establish its regular meeting schedule and start to discuss how partnerships can be formed around workforce training, housing and infrastructure, employment, recreational access and business opportunities. Each advisory council member is tasked with sharing information from the meetings with the communities they represent.

“I am grateful Midas Gold sees the value of working collaboratively with those who live closest to the site,” said Bob Crump, a Riggins business owner. “As the Stibnite Gold Project moves forward, it gives me peace of mind knowing the community agreements are in place and local voices will be able to help shape the plan for the restoration and redevelopment of the site. I am also excited for the opportunities the Stibnite Foundation will create in our communities. This foundation will help all of us benefit from the Stibnite Gold Project.”

The Stibnite Foundation will support projects that benefit communities surrounding the project. While Midas Gold will be required to directly address impacts of the project, such as power and road improvements and environmental mitigation, as part of the permitting process, the foundation will be a tool to fund projects that address other community needs that may arise. Midas Gold will fund the foundation through a combination of milestone cash payments by Midas Gold Idaho and stock contributions from Midas Gold. The Stibnite Foundation is being established in a manner that will allow it to continue even after mining at the Stibnite Gold Project ends.

Midas Gold is pleased that the Community Agreement has been finalized so its neighbors can have a meaningful way to work with the Company now and into the future.

A detailed description of the Project can be found in the Plan of Restoration and Operations which is available on the Company’s website at www.midasgoldcorp.com. Details of previous news releases and technical studies can be found filed under Midas Gold’s profile on SEDAR (www.sedar.com) or at www.midasgoldcorp.com.

About Midas Gold and the Stibnite Gold Project

Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Information

Guest User 10/10/18 Guest User 10/10/18

MIDAS GOLD PROVIDES UPDATE ON ITS STIBNITE GOLD PROJECT

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the Nez Perce Tribal Executive Committee has adopted a resolution formally opposing the Company’s proposed Stibnite Gold Project. The Nez Perce Tribe is one of the three tribes being consulted by the U.S. Forest Service (“USFS”) under the National Environmental Policy Act review process.

“Naturally, we are disappointed in the decision by the Nez Perce Tribal Executive Committee,” said Stephen Quin, President & CEO of Midas Gold Corp. “The resolution appears to be driven by potential impacts on natural resources resulting from the redevelopment of the former Stibnite mining district and questions the benefits of the proposed restoration work that is an integral part of our Plan of Restoration and Operations. The Nez Perce Tribal Executive Committee’s resolution also notes historic impacts from mining on the environment and the Nez Perce Tribe. Midas Gold is cognizant of the historic impacts of mining, which may nowhere be better illustrated than in the Stibnite mining district. We have therefore, from the outset, designed our Plan of Restoration and Operations with closure in mind by incorporating considerable restoration of legacy impacts from historic mining, and focusing on improving water quality and fish habitat, all interests that we know we share with the Tribe and that the public will become more aware of as the permitting process moves forward.”

During the past several years, Midas Gold has proactively engaged with the Nez Perce Tribe, provided open access to the site and technical information generated in respect of the current situation at the site, in addition to plans for restoration, operations, and for reclamation and closure. “We will continue to reach out to the Nez Perce Tribe in a continued effort address their concerns,” said Mr. Quin.

Community Engagement
In parallel with the formal National Environment Policy Act (“NEPA”) process, Midas Gold is continuing its extensive community and stakeholder engagement process, which has been underway for several years. The Company has met with local communities in various settings and provided tours to the site to demonstrate the extent of the historical disturbance in the district and Midas Gold’s comprehensive plans to remediate and restore the site.

Stibnite Gold Project Permitting Background
In September of 2016, Midas Gold Idaho, Inc. submitted its Plan of Restoration and Operations (“PRO”) for the restoration, re-development and operation of the Stibnite Gold Project in Valley County, Idaho. The PRO was deemed administratively complete by the USFS in December 2016, the scoping process was completed in July 2017 and the environmental analysis and alternatives assessment is currently nearing completion.

A detailed presentation on the PRO can be found at www.midasgoldcorp.com. Details of previous news releases and technical studies can be found filed under Midas Gold’s profile on SEDAR (www.sedar.com) or at www.midasgoldcorp.com.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Forward-Looking Information
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, next steps and courses of action including actions to be taken by the USFS, the Nez Perce Tribe, the State of Idaho and other government agencies, tribes and regulatory bodies. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements that certain actions, events or results “may”, “will”, “could”, “be achieved”. In preparing the Forward-Looking Information in this news release, Midas Gold has applied several material assumptions, including, but not limited to, assumptions that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner; that the formal review process under the NEPA (including a joint review process involving the USFS, the State of Idaho and other agencies and regulatory bodies) as well as the public comment period, scoping process and Environmental Impact Statement will proceed in a timely manner and as expected; that Midas Gold and its affiliated entities will qualify for the Bona Fide Prospective Purchaser (“BFPP”) defence under the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”) and that all requisite information will be available in a timely manner. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Midas Gold to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, changes in laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may result in unforeseen results in the review process under the NEPA; risks relating to whether Midas Gold and/or its subsidiaries will be deemed a BFPP under CERCLA; uncertainty surrounding input to be received pursuant to the scoping process including but not limited to the public comment period; risks related to dependence on key personnel; risks related to unforeseen delays in the review process including availability of personnel from the USFS, Nez Perce and other tribes, State of Idaho and other agencies and regulatory bodies; as well as those factors discussed in Midas Gold’s public disclosure record. Although Midas Gold has attempted to identify important factors that could affect Midas Gold and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Midas Gold does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Guest User 10/1/18 Guest User 10/1/18

UPDATE ON STATE & FEDERAL PERMITTING SCHEDULE FOR MIDAS GOLD’S STIBNITE GOLD PROJECT

Record of Decision for Proposed Stibnite Gold Project Expected in Q2 2020

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the United States Forest Service (“USFS”) has provided its quarterly update to the anticipated permitting schedule for Midas Gold’s Stibnite Gold Project (“Project”), which is located in Valley County, 39 miles east of McCall and 14 miles from Yellow Pine, Idaho. The USFS, in cooperation with the six other federal, state and local agencies responsible for the permitting of the Project, anticipates issuing a draft Environmental Impact Statement (“EIS”) for public comment in May 2019, with a Final EIS and Draft Record of Decision (“ROD”) in February 2020. This would allow for an approved Final ROD in May 2020.This updated schedule accommodates the review and analysis of a considerable amount of additional information requested by the agencies and provided by Midas Gold in the past three months, and the integration of consultations required by other agencies to meet their regulatory obligations.

Separately, the Forest Service has approved Midas Gold developing the Biological Assessment (“BA”) pursuant to its previous designation as the Non-Federal Representative under the Endangered Species Act (“ESA”) regulations. The BA is the foundational document that initiates the process of Section 7 consultation under the ESA between the Forest Service and the Fish & Wildlife and NOAA Fisheries Services, a critical element of the permitting process. The Forest Service still must independently review and approve the BA prior to beginning consultation and will be responsible for issuing the Biological Opinion under the ESA. Section 7 consultation is the formal process by which the Federal agencies ensure that listed species, and the habitat upon which they depend, are conserved.Initiating this process in parallel with the NEPA review reduces the risks of delays related to ESA consultations.

“One of our core objectives for the redevelopment and restoration of the Stibnite Gold Project is to restore fish passage and habitat in the headwaters of the East Fork of the South Fork of the Salmon River for the first time since the 1930s, particularly endangered Chinook salmon and bull trout,” said Stephen Quin, President & CEO of Midas Gold Corp. “As the Project proponent, we are developing the best available scientific information on the Project’s conservation objectives and actions to not only safeguard, but enhance, populations and habitat of listed species and restore their historic spawning grounds within the Project site. We will continue to provide the highest quality and up-to-date scientific information to the Forest Service and other agencies for their review and approval so that they can advance the appropriate Project review under the Endangered Species Act.”

Joint Review Process

Seven federal, state and local agencies signed the Stibnite Joint Review Process Memorandum of Understanding (“MOU”) in 2017, committing to work together to evaluate the Plan of Restoration and Operations (“PRO”) for the Stibnite Gold Project under the National Environmental Policy Act (“NEPA”). The MOU was designed so that agencies could collaborate in the review and preparation of the EIS, meet the requirements of the public process and follow a mutually agreed upon schedule. Agency cooperation and collaboration remains key to the timeliness of the process, and collaboration is demonstrated by the numerous interagency meetings to address matters collectively, but this does result in additional complexities in advancing the process.However, the Joint Review Process should reduce the risk of agencies failing to have alignment on their final decisions.

Updated Schedule

The Plan of Restoration and Operations (“PRO”) was accepted as complete by the USFS in December 2016, and the agency submitted a Notice of Intent to initiate review of the Project and conduct the Public Scoping in June and July 2017.Since that time, the USFS, their Third-Party Contractor, AECOM, and other cooperating agencies have continued to make steady progress reviewing the PRO, baseline data, public comments and additional information they requested for review. The USFS recently advised Midas Gold they anticipate issuing a draft EIS for public comment in May 2019 with the target date of an approved Final ROD in May 2020.Regulators want to ensure they meet the regulatory requirements to support a robust and defensible Record of Decision, an objective Midas Gold supports. The agencies have requested considerable additional data, which Midas Gold is providing, and are evaluating the thoroughness of the environmental impact analysis, while ensuring alternative development scenarios are carefully considered.To date, Midas Gold has received 107 requests for additional information (“RFAI”) and provided the requested information to 103 RFAIs, with four in progress and scheduled to be delivered in October.The updated schedule reflects a number of minor adjustments to both the baseline analysis and alternatives development processes in order to accommodate thorough and comprehensive evaluations of the information provided in response to RFAIs.

“The review process continues to move forward, with improving cooperation between the agencies involved in the Stibnite Joint Review Process,” said Laurel Sayer, CEO of Midas Gold Idaho, Inc., the Project operator. “Once permitted, the Stibnite Gold Project has the potential to bring hundreds of well-paying jobs to rural Idaho, hundreds of millions of dollars of investment into the State of Idaho, restore fish passage and habitat for endangered species a mine site that has experienced extensive impacts from historical mining-related activities. With all of these benefits, we look forward to continuing to move the project forward.”

Next Steps in the Regulatory Process

The USFS, on behalf of the various regulatory agencies, is currently completing the alternatives assessment and environmental analysis as required by NEPA. The alternatives assessment and analysis are the core of the review process for the Stibnite Gold Project and will provide the basis for drafting of the EIS.

The next opportunity for public review and comment will come when the agencies release the Draft EIS, which release is now anticipated to take place May 2019. After the comment period, the USFS and cooperating agencies will produce the Final EIS and a Draft ROD as well as respond to all public comments on the Draft EIS.Upon publication of the Final EIS, there will be a short period for objections and resolution before a Final ROD is published. A positive final decision would allow Midas Gold to seek the issuance of the final permits that are dependent on the ROD being issued.

Community Engagement

In parallel with the formal NEPA process, Midas Gold is continuing its extensive community and stakeholder engagement process, which engagement has been underway for several years.Midas Gold has been meeting with local communities in various settings and providing tours to the site to demonstrate the extent of the historical disturbance in the district and Midas Gold’s comprehensive plans to remediate and restore the site.

Additional Information

About Midas Gold and the Stibnite Gold Project

Forward-Looking Information

Guest User 8/30/18 Guest User 8/30/18

MIDAS GOLD APPOINTS MICHAEL BOGERT AS GENERAL COUNSEL OF MIDAS GOLD IDAHO, INC.

Mr. Bogert brings strong Federal & State Regulatory Background to Midas Gold and the Stibnite Gold Project

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced that Midas Gold Idaho, Inc., (“MGII” or “Midas Gold Idaho”) has appointed L. Michael Bogert as General Counsel of MGII, a wholly-owned subsidiary of Midas Gold Corp. and the operating company for the Stibnite Gold Project in central Idaho.

“We welcome Michael Bogert into his new role and look forward to benefitting from his expertise in the Federal regulatory system, and his considerable experience at the State and Federal levels, to Midas Gold Idaho,” said Stephen Quin, President and CEO of Midas Gold Corp. “We look forward to continuing the relationship built over the two years he served on the board of directors of Midas Gold Corp., where his insight and experience on the regulatory process in the US was invaluable.” Mr. Bogert stepped down from the board of Midas Gold Corp. earlier in the month to facilitate his transition to the position of General Counsel.

“As a native Idahoan, Mr. Bogert’s appointment continues to best reflect the needs and values of Idaho,” said Laurel Sayer, President & CEO of Midas Gold Idaho. “His appointment reflects MGII’s commitment to bring the perspectives of Idahoans at all senior levels of the Company as we work together to advance the Stibnite Gold Project through permitting of the Plan of Restoration and Operations.”

Additional Details

Michael Bogert joins Midas Gold Idaho, Inc. as General Counsel from his previous position as a shareholder of Parsons Behle & Latimer’s Boise and Washington DC offices. Mr. Bogert is the former Counselor to U.S. Interior Secretary Dirk Kempthorne, the former Regional Administrator of the U.S. Environmental Protection Agency’s (“EPA”) Region 10 office in Seattle and the former Counsel to the Governor of the State of Idaho. As Counselor to Secretary Kempthorne, Mr. Bogert advised the Secretary on various policy issues in the areas of endangered species and served as the Secretary’s lead policy negotiator on Tribal water rights settlements. As the Regional Administrator for EPA Region 10, Mr. Bogert was responsible for leading EPA’s partnerships with the states of Washington, Oregon, Idaho, and Alaska, as well as the 271 Federally recognized Tribes in EPA Region 10. He has also previously served on the Board of Directors of a publicly-traded mining company, in addition to the two years he spent on the board of Midas Gold Corp.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project. As operator of the Project, Midas Gold’s subsidiary, Midas Gold Idaho, Inc. is a modern mining company that believes that industry and the environment can work together. Commencing in 2009, Midas Gold defined a world-class deposit of gold and antimony in an area in need of serious environmental repair. The Stibnite Gold Project, as proposed in the Plan of Restoration and Operations currently being reviewed by regulators, would restore the site, create economic opportunity and benefit the surrounding communities.

Guest User 8/9/18 Guest User 8/9/18

MIDAS GOLD REPORTS CHANGES TO ITS BOARD OF DIRECTOR

Brad Doores Appointed to the Board of Directors to replace Michael Bogert who is to assist with permitting

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced that it has appointed Brad Doores to its Board of Directors, replacing Michael Bogert, who has stepped down from the Board in a planned transition to working more closely with the Company on permitting-related matters.

“We welcome Mr. Doores to the Board of Directors of Midas Gold and look forward to benefiting from his extensive permitting, social licence and operational experience,” said Peter Nixon, Chairman of Midas Gold’s Board of Directors. “We also thank Mr. Bogert for his valuable contributions to the Board of Directors over the past two years and we value our continuing relationship with him as we work together to advance the Stibnite Gold Project through permitting of the Plan of Restoration and Operations.”

Additional Details

Mr. Doores is an attorney licensed in the State of Colorado with over 40 years of legal experience in the mining industry. Over the course of his career, Mr. Doores has served as an officer, director and legal counsel for both private and public, senior and junior, natural resources companies. He has overseen the permitting and licensing of more than 20 surface and underground mines in the western United States, South America, and Africa. Mr. Doores served as a Director and Vice President & General Counsel of Energy Fuels Corporation and Energy Fuels Nuclear, Inc. from 1984-1994. He also served as a Director and Vice President & General Counsel of Golden Shamrock Mines Limited from 1994-1995 before joining Barrick Gold Corporation. Prior to retirement in 2014, Mr. Doores was the Vice President and Deputy General Counsel of Barrick Gold Corporation.

Guest User 7/3/18 Guest User 7/3/18

STATE & FEDERAL AGENCIES UPDATE PERMITTING SCHEDULE FOR MIDAS GOLD’S STIBNITE GOLD PROJECT

Record of Decision for Proposed Stibnite Gold Project Expected in Q1 2020

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced the United States Forest Service (“USFS”) has provided its quarterly update to the anticipated permitting schedule for Midas Gold’s Stibnite Gold Project (“Project”), which is located in Valley County, 39 miles east of McCall and 14 miles from Yellow Pine, Idaho. The USFS, in cooperation with the six other federal, state and local agencies responsible for the permitting schedule, now anticipates issuing a draft Environmental Impact Statement (“EIS”) for public comment in February 2019, with a Final EIS and Draft Record of Decision (“ROD”) by October 2019. This would allow for an approved Final ROD in March 2020. This updated schedule accommodates the review and analysis of a considerable amount of additional information requested by the agencies and provided by Midas Gold in the past several months, and the integration of consultations required by other agencies to meet their regulatory obligations.

“We appreciate the thorough and thoughtful review of the Stibnite Gold Project by the U.S. Forest Service and other agencies,” said Stephen Quin, President & CEO of Midas Gold Corp. “The schedule update indicates regulatory agencies are doing their job to ensure that all the required information is fully assessed, that the best plan gets permitted and the Record of Decision stands. Our collaboration with the U.S. Forest Service and the other agencies continues to put us one step closer to bringing the Stibnite Gold Project to life, bring economic development and environmental restoration to central Idaho.”

Seven federal, state and local agencies signed the Stibnite Joint Review Process Memorandum of Understanding (“MOU”) in 2017, committing to work together to evaluate the Plan of Restoration and Operations (“PRO”) for the Stibnite Gold Project under the National Environmental Policy Act (“NEPA”). The MOU was designed so that agencies could collaborate in the review and preparation of the EIS, meet the requirements of the public process and follow a mutually agreed upon schedule. Agency cooperation and collaboration remains key to the timeliness of the process, and is demonstrated by the numerous interagency meetings to address matters collectively and collaboratively.

Updated Schedule
The Plan of Restoration and Operations (“PRO”) was accepted as complete by the USFS in December 2016, and the agency submitted a Notice of Intent to initiate review of the Project and conduct the Public Scoping in June and July, 2017. Since that time, the USFS, their Third Party Contractor, AECOM, and other cooperating agencies have continued to make steady progress reviewing the PRO, baseline data, public comments and additional information they requested for review. The USFS recently advised Midas Gold they anticipate issuing a draft EIS for public comment in February 2019 with the target date of an approved Final ROD in March 2020. Regulators want to ensure they meet the regulatory requirements to support a robust and defensible Record of Decision. They are requesting additional data, evaluating the thoroughness of the environmental impact analysis, while ensuring alternative development scenarios are carefully considered. To date, Midas Gold has received 97 requests for additional information (“RFAI”) and provided the requested information to 91 RFAIs, with six in progress and scheduled to be delivered in July. The updated schedule reflects a number of minor adjustments to both the baseline analysis and alternatives development processes in order to accommodate thorough and comprehensive evaluations of the information provided in response to RFAIs.

“Even with updates to the schedule, the review process continues to move forward at a reassuring pace, in large part due to the cooperation of agencies involved in the Stibnite Joint Review Process,” said Laurel Sayer, CEO of Midas Gold Idaho, Inc., the project operator. “The Stibnite Gold Project has the potential to bring hundreds of well-paying jobs to rural Idaho, hundreds of millions of dollars of investment into the state and restore a region that has experienced extensive impacts from historical mining-related activities. With all of these benefits, we look forward to continuing to move the project forward.”

Next Steps in the Regulatory Process
The USFS, on behalf of the various regulatory agencies, is currently completing the alternatives assessment and environmental analysis as required by NEPA. The assessment and analysis are the core of the review process for the Stibnite Gold Project and will provide the basis for drafting of the EIS.

The next opportunity for public review and comment will come when the agencies release the Draft EIS, which is now anticipated to take place February 2019. After the comment period, the USFS and cooperating agencies will produce the Final EIS and a Draft ROD as well as respond to all public comments on the Draft EIS. Upon publication of the Final EIS, there will be a short period for objections and resolution before a Final ROD is published. A positive final decision would allow Midas Gold to seek the issuance of the final permits that are dependent on the ROD being issued.

Community Engagement
In parallel with the formal NEPA process, Midas Gold is continuing its extensive community and stakeholder engagement process, which has been underway for several years, meeting with local communities in various settings and providing tours to the site to demonstrate the extent of the historical disturbance in the district and Midas Gold’s comprehensive plans to remediate and restore the site.

Stibnite Gold Project Permitting Background
In September of 2016, Midas Gold Idaho, Inc. submitted its PRO for the restoration, re-development and operation of the Stibnite Gold Project in Valley County, Idaho. The PRO was deemed administratively complete by the USFS in December 2016, the scoping process was completed in July 2017 and the environmental analysis and alternatives assessment is currently nearing completion.

About Midas Gold and the Stibnite Gold Project
Midas Gold Corp., through its wholly owned subsidiaries are focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project.

Guest User 5/22/18 Guest User 5/22/18

MIDAS GOLD INCREASES BOARD SIZE TO EIGHT & APPOINTS AN ADDITIONAL DIRECTOR

Senior Barrick Executive, Mark Hill, Appointed to the Board of Directors

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced that it has increased the size of its board of directors from seven to eight and appointed Mark Hill, Chief Investment Officer with Barrick Gold Corporation (NYSE:ABX / TSX:ABX) (“Barrick”) to fill the additional position. The increase in board size and the appointment of a Barrick nominee to the board of directors is in accordance with the terms of the investor rights agreement entered into with Barrick in conjunction with the strategic investment by Barrick in Midas Gold that was completed on May 16, 2018.

“We welcome Mr. Hill to the board of directors of Midas Gold and look forward to his input and guidance,” said Peter Nixon, Chairman of Midas Gold’s Board of Directors. “Mr. Hill has extensive technical, investment and senior management experience at senior levels in the mining industry, which experience will be beneficial as we continue to advance our Stibnite Gold Project towards completion of a feasibility study and permitting for restoration and redevelopment.”

Additional Details

Mark Hill was appointed Chief Investment Officer for Barrick in September 2016, this is a new position that ensures a high degree of consistency and rigor is applied to all capital allocation decisions at Barrick. Mr. Hill chairs Barrick’s Investment Committee, bringing added technical experience to the investment review process. He is also a member of the Company’s Executive Committee, as well as Barrick’s Growth Group, and oversees an Evaluations team that independently scrutinizes proposed expenditures before they go to the Investment Committee. Mr. Hill has more than 25 years of experience in the mining industry. He re-joined Barrick after four years at Waterton Global Resource Management, where he was a partner and Head of Mining. Mr. Hill’s prior positions at Barrick included Vice President, Evaluations, and Vice President, Capital Projects. He has also held senior positions with BHP Billiton, AngloGold Ashanti, Placer Dome, and WMC Ltd. Mr. Hill holds a Bachelor’s degree in Mining Engineering, and a Graduate Diploma in Mineral Economics.

Forward-Looking Information

Guest User 5/16/18 Guest User 5/16/18

BARRICK COMPLETES STRATEGIC INVESTMENT IN MIDAS GOLD TO ADVANCE THE STIBNITE GOLD PROJECT, IDAHO

Barrick invests US$38 million to purchase 19.9% interest at C$1.06 per share

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced that Barrick Gold Corporation (NYSE:ABX / TSX:ABX) (“Barrick”) has purchased 46,551,731 common shares of Midas Gold in a non-brokered private placement (the “Placement”) at a price of C$1.06 per share for gross proceeds of US$38,065,907. As a result of the Placement, Barrick owns 19.9% of the issued and outstanding shares in Midas Gold on closing.

Barrick’s investment supports Midas Gold’s continued efforts to complete a feasibility study and permitting of the Stibnite Gold Project, a world class mining operation that can address legacy environmental impacts and generate economic benefits for the local community.

Transaction Details

Additional transaction details can be found in Midas Gold’s news release dated May 9, 2018 and in Midas Gold’s filings made on SEDAR, available at www.sedar.com.

Advisors

Haywood Securities Inc. acted as financial advisor to Midas Gold. DuMoulin Black LLP acted as Canadian legal counsel to Midas Gold and Davies Ward Phillips & Vineberg LLP acted as Canadian legal counsel to Barrick.

About Midas Gold and the Stibnite Gold Project

Midas Gold Corp., through its wholly owned subsidiaries, is focused on the exploration and, if warranted, site restoration and development of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho that are encompassed by its Stibnite Gold Project. As operator of the Project, Midas Gold’s subsidiary, Midas Gold Idaho, Inc. is a modern mining company that believes that industry and the environment can work together. Commencing in 2009, Midas Gold defined a world-class deposit of gold and antimony in an area in need of serious environmental repair. The Stibnite Gold Project, as proposed in the Plan of Restoration and Operations currently being reviewed by regulators, would restore the site, create economic opportunity and benefit the surrounding communities.

About Barrick Gold

Barrick aims to be the leading mining company focused on gold, creating value by developing and operating high-quality assets in an environmentally responsible way that demonstrates commitment to the local communities. Through strategic investment in good projects and operational excellence, Barrick’s vision is to use responsible mining to build wealth for its owners, its people, and the countries and communities with which they partner. Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. Barrick was founded in 1983 and is headquartered in Toronto. Barrick’s shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ABX.

Forward-Looking Information

Guest User 5/9/18 Guest User 5/9/18

BARRICK MAKES STRATEGIC INVESTMENT IN MIDAS GOLD TO ADVANCE THE STIBNITE GOLD PROJECT, IDAHO

Barrick to invest US$38 million to purchase 19.9% interest at C$1.06 per share

*** Not for distribution to United States newswire services or for dissemination in the United States***

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced that it has entered into an agreement with Barrick Gold Corporation (NYSE:ABX / TSX:ABX) (“Barrick”) whereby Barrick will purchase 46,551,731 common shares of Midas Gold in a non-brokered private placement (the “Placement”) at a price of C$1.06 per share for gross proceeds of US$38,065,907. The Placement will result in Barrick owning 19.9% of the issued and outstanding shares in Midas Gold on a post-transaction basis. Barrick’s investment supports Midas Gold’s continued efforts to permit the Stibnite Gold Project, so that we can build and operate a world class mining operation that addresses legacy environmental impacts and generate economic benefits to the local community.

“Midas Gold is in the midst of advancing the Stibnite Gold Project through completion of a feasibility study and permitting for site restoration and redevelopment,” said Stephen Quin, President & CEO of Midas Gold. “With our detailed plan for site restoration and protection of the environment, a large, long-life and low-cost operation, and a comprehensive proposal for the closure and reclamation of the site, Midas Gold is positioned to complete the critical milestones of feasibility study and permitting. Barrick shares Midas Gold’s vision for the restoration of the site and focus on community engagement. We believe Barrick’s extensive expertise and its core values, focused on environmental sustainability, make us natural partners.”

“Midas Gold’s Stibnite Gold Project in Idaho offers a compelling investment proposition, with low geopolitical risk, potential for production of over 300,000 ounces of gold per year at competitive operating costs, and exploration upside,” said Barrick President Kelvin Dushnisky. “We are also impressed with the emphasis that Midas Gold has placed on building partnerships with local communities and share their strong commitment to environmental stewardship. We look forward to working with the Midas Gold team to explore opportunities to enhance the value of the project for all partners.”

Use of Proceeds

Midas Gold will use the proceeds from the Placement to advance its Stibnite Gold Project (the “Project”) through to completion of a feasibility study and permitting of the Project for redevelopment and restoration.

During the past five years, Midas Gold has conducted extensive, multi-year environmental baseline programs to determine and define existing environmental conditions at this brownfields site, while reaching out to communities of interest for their views and perspectives regarding a future for the Stibnite Gold Project site and the local area. Midas Gold has focused on the remediation and repair of the historical disturbance at the site during the construction and operating periods, incorporating concurrent reclamation and minimizing new disturbance. Midas Gold’s goal is to protect the environment and provide stable and secure features that will serve as the foundation for a long‐term productive and naturally sustainable ecosystem that incorporates permanent fish passage through the area for the first time since the 1930s. The ultimate objective is the permanent restoration of the site, funded by a long-life, financially rewarding operation that generates significant economic benefits to the local communities of Valley County, the State of Idaho and the U.S.

In December 2014, Midas Gold completed a preliminary feasibility study which identified an environmentally sound and economically feasible Project that could also finance the restoration of what is an extensively disturbed brownfields site. Midas Gold has since: (i) extensively engaged with local communities and other stakeholders in respect of the redevelopment and site restoration concepts for the Project; (ii) completed a number of optimization and risk reduction technical studies that would be required to support a feasibility study and/or the permit application; (iii) in September 2016, filed a Plan of Restoration and Operations for the redevelopment of the Project: (iv) commenced work towards completion of a feasibility study for the Project: and, (v) worked extensively with regulators to advance the permitting process for the Project.

Transaction Details

In connection with the Strategic Investment, Midas Gold and Barrick will enter into an investor rights agreement on closing of the offering, whereby, so long as Barrick maintains a minimum of 10% ownership in Midas Gold, Barrick will be granted:

The right to appoint one director to Midas Gold’s Board of Directors;

A right to participate in future Midas Gold equity issuances to maintain its then current pro rata interest in Midas Gold;

Certain top-up rights in connection with Midas Gold’s outstanding convertible notes, to maintain its then current pro rata interest in Midas Gold by undertaking additional funding; and

A right of first refusal in respect of gold concentrates.

In addition, Midas Gold will be increasing the number of directors on its board from seven to eight and will be appointing an independent director to fill that position.

Paulson & Co. and Teck Resources Limited have both provided notice to Midas Gold that they do not intend to exercise their anti-dilution rights in respect of this transaction.

Advisors

Haywood Securities Inc. is acting as financial advisor to Midas Gold. DuMoulin Black LLP is acting as Canadian legal counsel to Midas Gold and Davies Ward, Phillips & Vineberg LLP is acting as Canadian legal counsel to Barrick.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available.

About Midas Gold and the Stibnite Gold Project

About Barrick Gold

Forward-Looking Information

Guest User 5/9/18 Guest User 5/9/18

MIDAS GOLD REPORTS RESULTS OF ANNUAL GENERAL MEETING

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) (“Midas Gold” or the “Company”) today announced the results of its annual general meeting (the “AGM”), which was held in Vancouver on May 9, 2018. Following the meeting, Stephen Quin, President and CEO, provided those present with an overview of the Company’s progress over the past year and its plans going forward.

Annual General Meeting Voting Result

A total of 104,869,856 million common shares were represented at the AGM, or 56.02% of the votes attached to all outstanding shares at the Company’s record date of March 20, 2018. The Company’s shareholders voted in favour of the election of all director nominees listed in the Company’s management information proxy circular. Detailed results of the vote for the election of directors are as follows:

Name of Nominee	Votes For	Votes Withheld	Total Votes*	Percentage of Votes For*	Percentage of Votes Withheld*
Keith Allred	68,490,636	145,237	68,635,873	99.79%	0.21%
Michael Bogert	68,471,165	164,708	68,635,873	99.76%	0.24%
Marcelo Kim	68,187,301	448,572	68,635,873	99.35%	0.65%
Peter Nixon	68,521,120	114,753	68,635,873	99.83%	0.17%
Stephen Quin	68,503,273	132,600	68,635,873	99.81%	0.19%
Javier Schiffrin	68,195,569	440,304	68,635,873	99.36%	0.64%
Donald Young	68,524,873	111,000	68,635,873	99.84%	0.16%

* Not all shares were voted in respect of all motions therefore the combined number of shares voted for or withheld may not add up to the total votes represented at the meeting.

The directors were elected to hold offices until the next annual meeting of shareholders or until their successors are elected or appointed.

The Company’s shareholders also approved the appointment of Deloitte LLP, Chartered Accountants, as the auditors of the Company for the fiscal year ending December 31, 2018 (99.54% voted in favour).

Detailed voting results for the meeting are available on SEDAR at www.sedar.com.

Corporate Update

Following the AGM, Stephen Quin, President & CEO of Midas Gold Corp. provided an update in respect of the Stibnite Gold Project, noting progress on advancing the project towards completion of a feasibility study and advancing the regulatory assessment process for site restoration and mine development. Mr. Quin emphasized opportunities to optimize the proposed development, and the value creation opportunity afforded to shareholders through the successful realization of these opportunities.

About Midas Gold and the Stibnite Gold Project

Forward-Looking Information

Guest User 3/21/18 Guest User 3/21/18

MIDAS GOLD CORP. REPORTS CHANGES TO ITS BOARD OF DIRECTORS

Javier Shiffrin Joins Board as Paulson & Co. nominee following Victor Flores resignation

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) today reported that it has appointed Javier Shiffrin, Senior Vice President, Paulson & Co. Inc., to its board of directors following the resignation of Victor Flores. Mr. Schiffrin was nominated by Paulson & Co. under the investor rights agreement entered into with Midas Gold in relation to the March 2016 financing that was backstopped by Paulson & Co. Mr. Flores had been appointed to the board in 2016 as one of Paulson & Co.’s two nominees under that agreement.

“We welcome Mr. Schiffrin to the board of directors of Midas Gold and look forward to working with him and the other directors to oversee the advancement of the Stibnite Gold Project in Idaho,” said Peter Nixon, Chairman of the board of Midas Gold Corp. “We also thank Mr. Flores for his service as a director of Midas Gold and for his contributions to the progress we have made over the past two years. Mr. Flores was instrumental in negotiating the 2016 financing that allowed us to advance into the permitting process and commence the feasibility study for the redevelopment and restoration of the former mine site at Stibnite.”

“Paulson & Co. continues to value its investment in Midas Gold, which controls a world class gold project in Idaho. We look forward to our continued engagement with the other board members in advancing the Stibnite Gold Project through the completion of a feasibility study and the permitting process for the restoration and redevelopment of the Stibnite Gold Project site,” said Marcelo Kim, Partner at Paulson & Co., and a director of Midas Gold Corp.

Mr. Schiffrin is a Senior Vice President at Paulson & Co., with a focus on distressed debt investments and restructurings. Prior to that he was an Executive Director & Restructuring Specialist at Macquarie Capital, and a Restructuring Attorney at Kirkland & Ellis. He is a graduate of McGill University where he earned a Bachelor of Arts, First Class Honors; and Columbia Law School where he earned a Juris Doctorate and was a James Kent Scholar. Mr. Schiffrin holds both US and Canadian citizenship.

About Midas Gold
Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Idaho, Inc., Idaho Gold Resources, LLC and Stibnite Gold Company, is focused on the exploration and, if warranted, redevelopment of deposits in the Stibnite-Yellow Pine district of central Idaho that comprise the Stibnite Gold Project. Project operator, Midas Gold Idaho, Inc. believes industry and the environment can work together to restore the site, create economic opportunity and benefit the surrounding community. Currently, the company is working with the U.S. Forest Service and other regulatory agencies to permit the redevelopment and restoration of the project site while also advancing the completion of a feasibility study.

Guest User 2/22/18 Guest User 2/22/18

IDAHO LAWMAKERS ENCOURAGE US PRESIDENT & FEDERAL OFFICIALS TO MOVE STIBNITE GOLD PROJECT FORWARD

Joint House Memorial looks for a Timely and Cost-effective Process

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) today reported that Idaho’s House of Representatives and Senate passed, with overwhelming support, a joint memorial asking the President of the United States, Idaho’s congressional delegation, the Administrator of the Environmental Protection Agency, the Secretary of the Interior and the Secretary of Agriculture to take the steps necessary to approve Midas Gold’s Stibnite Gold Project (“Project”) in a timely and cost-effective manner. Seventy-one lawmakers signed on as co-sponsors of the joint memorial (the “Memorial”), including leadership in the Republican and Democrat caucuses in both houses. Midas Gold is currently working with the U.S. Forest Service and other federal, state and local agencies to redevelop a portion of the historic Stibnite Mining District and reclaim and restore areas that have been impacted by legacy mining operations.

“We appreciate the unprecedented support we’ve received from Idaho’s Republicans and Democrats and thank them for their request for a timely review and approval of the Stibnite Gold Project,” said Laurel Sayer, CEO of Midas Gold Idaho, the Project operator. “We strongly believe that every step of the process must take place, from a full regulatory review in compliance with the National Environmental Policy Act to gathering input from Idahoans. Permitting a mine in the U.S. can take considerably longer than other countries with comparable environmental standards; a timely review would allow environmental restoration work to commence sooner and economic development to benefit the local communities, Idaho and the nation.”

“The Stibnite Gold Project will be an economic win for Idaho and provide a huge opportunity for many families in my district and across the state,” said Representative Terry Gestrin (R-Donnelly), lead sponsor of the memorial. “The Project will be a $1 billion investment in Idaho and bring hundreds of well-paying jobs to rural communities. These are jobs and this is an industry that people in Idaho welcome.”

Site History & Restoration Solutions

The Stibnite Mining District was abandoned after more than a century of mining activity prior to Midas Gold becoming involved in the area. Much of the mining disturbance took place in the 1920s to 1950s, well before modern state and federal regulations existed, so the area was never properly reclaimed. Today, millions of tons of unconstrained tailings remain at the site, native fish have been unable to swim through the site for more than 80 years and waterways and water conditions in the East Fork of the South Fork of the Salmon River are impaired. With modern mining techniques, Midas Gold can redevelop the site and finally restore it, correcting the legacies of the past. The plan of restoration and operations filed with the US Forest Service in September 2016 outlines how Midas Gold will reconnect salmon to their native spawning grounds, rehabilitate 13-miles of stream channels, and improve water quality in the area by reducing erosion from disturbed areas, reprocessing and safely storing the tailings that are a likely source of metals leaching into surface and groundwater.

“Midas Gold’s plan of restoration and operations for the Stibnite Gold Project presents a unique opportunity for industry to work with the environmental community and regulators to repair the legacy of historical mining activities and restore a site impacted by past mining,” said Stephen Quin, President & CEO of Midas Gold Corp. “Having the support of the community and the bipartisan support expressed by both houses in this Memorial is a recognition of this potential for shared goals and a collaborative approach to the future benefit of both the economy and the environment.”

Bonding

In its plan of restoration and operations, Midas Gold has prioritized the repair and restoration of legacy impacts. In addition, regulations in place today would require Midas Gold to set aside the funds necessary to cover the cost of environmental cleanup before restarting mining. This ensures that, even if the unexpected happens, the historic Stibnite Mining District would finally be restored. However, without the Project, and the private investment it brings, there is little hope on the horizon that Stibnite will be restored.

Critical Metals

The Stibnite Gold Project will produce gold, silver and antimony. Antimony is considered a critical mineral for the United States because of its use in flame retardants and as a metal strengthener – which makes it essential to the defense and energy sectors. When permitted, the Stibnite Gold Project would be the only domestic source of mined antimony. The U.S. currently imports most of this mineral from China – which controls over 80 percent of the world’s antimony production. According to the U.S. Geologic Survey, American dependence on foreign minerals has doubled in the last 20 years.

The Memorial

In the joint House and Senate Memorial Idaho lawmakers sent to the President and other federal officials today, they wrote that they believe that Midas Gold’s commitment to mine in a way that restores and protects the environment can serve as a global template for the industry. The Memorial also recognized Midas Gold’s involvement in the community, commitment to building a mine that will help the community and the environment, and the dedication to being a partner with local communities proves Midas Gold has the right team to undertake this Project. They ended the memorial by asking federal agencies to commit adequate resources and knowledgeable staff to thoroughly review the Company’s plan under the National Environmental Policy Act requirements and to move forward to approve the Stibnite Gold Project in a timely and cost-effective manner to permit the redevelopment and restoration of the site.

Timing

Currently, Midas Gold expects the next comment period on their plan of restoration and operations to be around the end of 2018.

More Information

Details of the previous news releases, the Project and the 2014 Preliminary Feasibility Study can be found filed under Midas Gold’s profile on SEDAR (www.sedar.com) or at www.midasgoldcorp.com. A copy of Midas Gold’s Plan of Restoration and Operations can also be found on Midas Gold Idaho’s website at www.midsagoldidaho.com.

About Midas Gold
Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Idaho, Inc., Idaho Gold Resources, LLC and Stibnite Gold Company, is focused on the exploration and, if warranted, development of deposits in the Stibnite‐Yellow Pine district of central Idaho that comprise the Stibnite Gold Project. The principal gold deposits identified to date within the Project are the Hangar Flats, West End and Yellow Pine deposits, all of which are associated with important structural corridors, as well as a mineral resource contained in Historic Tailings.

As operator of the Project, Midas Gold Idaho is a modern mining company that believes industry and the environment can work together. In 2011, the Donnelly-based company defined a world-class deposit of gold and antimony in an area in need of serious environmental repair. Midas Gold Idaho’s Stibnite Gold Project would restore the site, create economic opportunity and benefit the surrounding community. Currently, the company is working with the U.S. Forest Service to permit the Project.

Forward-Looking Information
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action including actions taken with the goal of improving, expanding and de-risking previously defined mineral resources; the timing and availability of future drill results; the potential for antimony production from the Project; the anticipated completion of a feasibility study and filing of a NI 43-101 technical report in conjunction therewith; potential sites for additional drilling that could result in potential improved confidence, enhanced economic returns and/or extending higher grade areas. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “once”, “estimates”, “potential”, “confirm”, “if” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” “be achieved”. In preparing the Forward-Looking Information in this news release, Midas Gold Corp. (the “Corporation”) has applied several material assumptions, including, but not limited to, that pending drill results will be available in a timely manner without undue delay; that areas identified as potential sites for additional drilling will yield results consistent with management’s expectations based on the 2014 PFS; any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Corporation’s expectations; that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Stibnite Gold Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of gold and other metals, economic and political conditions and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, the industry-wide risks and project-specific risks identified in the 2014 PFS and summarized above; risks related to the availability of financing on commercially reasonable terms; operations and contractual obligations; changes in exploration programs based upon results of exploration, including drill results; changes in estimated mineral reserves or mineral resources; future prices of metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks, including environmental matters under US federal and Idaho rules and regulations; impact of environmental remediation requirements and the terms of existing and potential consent decrees on the Corporation’s planned exploration and development activities on the Stibnite Gold Project; certainty of mineral title; community relations; delays in obtaining governmental approvals or financing; fluctuations in mineral prices; the Corporation’s dependence on one mineral project; the nature of mineral exploration and mining and the uncertain commercial viability of certain mineral deposits; the Corporation’s lack of operating revenues; governmental regulations and the ability to obtain necessary licenses and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects in title; currency fluctuations; changes in environmental laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may increase costs of doing business and restrict operations; risks related to dependence on key personnel; and estimates used in financial statements proving to be incorrect; as well as those factors discussed in the Corporation’s public disclosure record. Although the Corporation has attempted to identify important factors that could affect the Corporation and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Guest User 2/21/18 Guest User 2/21/18

MIDAS GOLD UPDATE ON PILOT-SCALE METALLURGICAL TESTING FOR THE STIBNITE GOLD PROJECT, IDAHO

Successful metallurgical pilot plant runs identify opportunities to make the process flowsheet more robust, more economical, lower technical risk, and more environmentally sound

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) today reported on continuing progress in its feasibility-level metallurgical test program for the Stibnite Gold Project (“Project”) located in Idaho, USA. This important component of the Project feasibility study (“FS”) is progressing well and is expected to be concluded in the second quarter of 2018. The work, conducted at several laboratories, is being coordinated by Blue Coast Metallurgy Ltd. (“Blue Coast”) and M3 Engineering and Technology Corp. (“M3”), under the guidance of a team of metallurgical experts working with Midas Gold.

Highlights of the results of metallurgical testing since the completion of the 2014 preliminary feasibility study (“PFS”), all of which should have economic benefits to the Project, include the following:

A coarser primary grind, reducing energy and grinding media costs;

Higher gold and antimony concentrate grades;

Higher overall gold and antimony recoveries;

Reduced reagent consumption, reducing operating costs; and

Use of on-site limestone for pH control, significantly reducing the need for trucked-in lime, thereby reducing operating costs. On-site limestone use also increases environmental performance, improves downstream gold recovery and reduces reagent consumption, which provides both environmental and economic benefits.

“Progress with metallurgical testing, including a number of pilot plant runs, has demonstrated potential for improved environmental and economic parameters in the upcoming feasibility study,” said Stephen Quin, President & CEO of Midas Gold Corp. “These test results represent another important milestone in the advancement of the Stibnite Gold Project towards completion of a feasibility study.”

Previously Reported Progress
Earlier work, described in a press release dated February 14, 2017, achieved progress in risk reduction in primary grinding design and in reducing projected costs of the flotation process while generally enhancing metallurgical recoveries. Highlights of progress as compared to the PFS reported in that press release included (see February 14, 2017 news release for details):

Reduced consumption of flotation reagents, reducing operating costs;

Coarsened primary grind (from 75 to 85 microns), reducing energy and grinding media costs; and

Improved antimony concentrate grades from 59% to 63-65%, reducing shipping costs and increasing payability.

This update provides information on key advancements made since the February 2017 press release.

Reductions in Concentrate Production
The majority of capital costs associated with the processing plant for the Stibnite Gold Project are related to the autoclave and associated processes, so a reduction in the tonnage of concentrate into this process can be expected to reduce the size, and hence cost, of that part of the process facilities. Consequently, recent flotation work has developed a cleaner flotation process that reduces the amount of material to be processed through the proposed on-site pressure oxidation and related circuits, while still achieving overall gold recoveries matching or exceeding those reported in the PFS. This work has included batch and pilot plant programs, with the pilot plant performance closely replicating the enhanced metallurgy achieved in batch testing.

Process Enhancements in Pressure Oxidation
During 2017, significant progress was made in the development of the pressure oxidation and downstream unit processes for the Project, initially confirming work that had been done for the PFS, then exploiting opportunities to make the process more robust and cost effective, and to reduce technical risk. Initial testing, completed in mid-2017, provided the foundation for a successful, 6-day pilot plant campaign in Q4/2017 on flotation concentrate from representative composite samples of Yellow Pine and Hangar Flats material. This program largely supported metallurgical recovery expectations from the PFS and so validated the process as proposed in the PFS.

However, opportunities were identified during this work that have subsequently been shown to enhance the process further. The key process refinement involved incorporating the use of ground limestone in the autoclave to control free acid levels, which offers some key benefits:

It enhances the environmental stability of the final process products;

By using limestone mined on-site as a neutralization medium, it substantially reduces the tonnage of lime to be trucked to site, which would reduce operating costs and offsite vehicle traffic;

It has been demonstrated in testing that the use of limestone improves the ease of downstream processing and potentially reduces cyanide consumption, which would also reduce operating costs; and

It also makes the metallurgical performance more robust and less susceptible to variations in ore types being mined from the various feed sources in the Project.

Further benefits are likely to be realized from this process enhancement. These are expected to have further positive impacts on Project economics, but at this stage these are not fully quantified. The enhanced process, using ground limestone for pH control, has been extensively tested by both bench-scale and pilot plant testing, and is a proven approach used effectively at other commercial pressure oxidation operations. A variety of feed types from all three deposits have been tested and all were found to respond well to the enhanced process.

Latest Gold Recovery Projections vs Pre-feasibility Study
Below, the overall recoveries of gold achieved from flowsheet development in the FS are compared with those adopted for the PFS. Note that the final recoveries adopted for the FS may differ from those listed below, depending on results from the variability studies currently underway:

		Low Antimony			High Antimony
		Yellow Pine	Hangar Flats	West End	Yellow Pine	Hangar Flats
Flotation recovery
	*FS testing to date*
	- Batch	93.7	91.9	n/a	91.4	91.8
	- Pilot plant	92.3*
	*PFS projection*	93.2	91.8	n/a	90.1	87.6
POX-CIL extraction
	*FS testing to date*
	- Batch	97.5	98.0	98.0	97.5	98.0
	- Pilot plant	98.3*
	*PFS projection*	97.6	97.0	98.2	97.6	97.0
Overall recoveries (Overall recoveries include assumed 0.8% post-CIL gold loss)
	*FS testing to date*
	- Batch	90.6	89.3	n/a	88.4	89.2
	- Pilot plant	90.0
	*PFS projection*	90.2	88.3	n/a	87.2	84.3
Notes: * A blend comprising Yellow Pine and Hangar Flats materials was processed in the pilot plant. n/a: West End projected recoveries by flotation/POX/CIP recoveries are variable and linked to sulphide content in the feed. Overall recoveries are a blend of direct leaching and flotation/POX/leach and will be determined in the geo-metallurgical exercise later in the study.

Work is presently focusing on fine-tuning the remaining downstream processes.

Geometallurgy and Variability
The geometallurgical program is advancing in parallel with the hydrometallurgical testing. A first phase, involving diagnostic process testing of the different lithological and alteration ore types, has (not surprisingly) revealed links between ore geology and expected metallurgy. This work has been used to create a suite of samples to be tested as part of the flotation variability program. These samples have been selected to encompass the variability in plant feed types to be expected though the life of the Project. This testing is currently underway and is expected to be complete within three months.

The pressure oxidation variability studies are largely complete, with one more round of tests planned, mostly to provide samples for environmental testing of the combined (flotation and leach) process tailings.

Details of the previous news releases, the Project and the 2014 Preliminary Feasibility Study can be found filed under Midas Gold’s profile on SEDAR (www.sedar.com) or at www.midasgoldcorp.com.

Management Changes
At the end of February, 2018, Midas Gold’s Chief Operating Officer, Bob Barnes will be retiring from his executive position. Nevertheless, Mr. Barnes will continue to serve on the Board of Directors of Midas Gold Idaho, Inc. in a non-executive function, with continued emphasis on environmental compliance and safety. During his six plus years with the Company, Bob has played a leadership role as the Stibnite Gold Project has transitioned from exploration through PEA and PFS and has particularly left his mark on the safety and environmental compliance aspects of site activities, where there was only one lost time incident in five years of drilling and other site activities, and six years without a recordable environmental incident.

Also at the end of February, Rocky Chase, Midas Gold’s Vice President of Environment and Sustainability will be departing the Company. During more than five years with the Company, Mr. Chase focused on environmental compliance, baseline environmental data collection, permit application preparation and many other tasks integral to the advancement of the Stibnite Gold Project into the regulatory process.

Midas Gold thanks both Mr. Barnes and Mr. Chase for their contributions to the Company over a number of years and wishes them the best in their future.

Compliance with National Instrument 43-101

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 (“NI43-101”) and reviewed and approved by Stephen P. Quin, P.Geo., President and CEO of Midas Gold Corp., and a Qualified Person. The metallurgical testing program for the Stibnite Gold Project was carried out under the supervision of Christopher Martin, MIMMM, C.Eng., a Qualified Person and Principal Metallurgist for Blue Coast Metallurgy Ltd.

About Midas Gold
Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Idaho, Inc., Idaho Gold Resources, LLC and Stibnite Gold Company, is focused on the exploration and, if warranted, development of deposits in the Stibnite‐Yellow Pine district of central Idaho that comprise the Stibnite Gold Project. The principal gold deposits identified to date within the Project are the Hangar Flats, West End and Yellow Pine deposits, all of which are associated with important structural corridors, as well as a mineral resource contained in Historic Tailings.

Forward-Looking Information

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action including actions taken with the goal of improving, expanding and de-risking previously defined mineral resources; the timing and availability of future drill results; the potential for antimony production from the Project; the anticipated completion of a feasibility study and filing of a NI 43-101 technical report in conjunction therewith; potential sites for additional drilling that could result in potential improved confidence, enhanced economic returns and/or extending higher grade areas. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “once”, “estimates”, “potential”, “opportunities”, “confirm”, “if” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” “be achieved”. In preparing the Forward-Looking Information in this news release, Midas Gold Corp. (the “Corporation”) has applied several material assumptions, including, but not limited to, that pending drill results will be available in a timely manner without undue delay; that areas identified as potential sites for additional drilling will yield results consistent with management’s expectations based on the 2014 PFS; any additional financing needed will be available on reasonable terms; the exchange rates for the U.S. and Canadian currencies will be consistent with the Corporation’s expectations; that the current objectives concerning the Stibnite Gold Project can be achieved and that its other corporate activities will proceed as expected; that the current price and demand for gold will be sustained or will improve; that general business and economic conditions will not change in a materially adverse manner and that all necessary governmental approvals for the planned activities on the Stibnite Gold Project will be obtained in a timely manner and on acceptable terms; the continuity of the price of gold and other metals, economic and political conditions and operations. Forward-Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among others, the industry-wide risks and project-specific risks identified in the 2014 PFS and summarized above; risks related to the availability of financing on commercially reasonable terms; operations and contractual obligations; changes in exploration programs based upon results of exploration, including drill results; changes in estimated mineral reserves or mineral resources; future prices of metals; availability of third party contractors; availability of equipment; failure of equipment to operate as anticipated; accidents, effects of weather and other natural phenomena and other risks associated with the mineral exploration industry; environmental risks, including environmental matters under US federal and Idaho rules and regulations; impact of environmental remediation requirements and the terms of existing and potential consent decrees on the Corporation’s planned exploration and development activities on the Stibnite Gold Project; certainty of mineral title; community relations; delays in obtaining governmental approvals or financing; fluctuations in mineral prices; the Corporation’s dependence on one mineral project; the nature of mineral exploration and mining and the uncertain commercial viability of certain mineral deposits; the Corporation’s lack of operating revenues; governmental regulations and the ability to obtain necessary licenses and permits; risks related to mineral properties being subject to prior unregistered agreements, transfers or claims and other defects in title; currency fluctuations; changes in environmental laws and regulations and changes in the application of standards pursuant to existing laws and regulations which may increase costs of doing business and restrict operations; risks related to dependence on key personnel; and estimates used in financial statements proving to be incorrect; as well as those factors discussed in the Corporation’s public disclosure record. Although the Corporation has attempted to identify important factors that could affect the Corporation and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Guest User 2/15/18 Guest User 2/15/18

MIDAS GOLD UPDATES MINERAL RESOURCES FOR THE STIBNITE GOLD PROJECT, IDAHO

Updated Estimate to Support Mine Planning and Feasibility Study

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (TSX:MAX / OTCQX:MDRPF) today updated its mineral resource estimates for the Stibnite Gold Project (the “Project”), located in the historic Stibnite-Yellow Pine mining district in Idaho, USA. These updated estimates incorporate: (1) additional drilling completed since 2014 that was focused on converting mineral resources from the inferred to the indicated category within the limits of mineral reserve limiting pit in the 2014 Preliminary Feasibility Study (“2014 PFS”), (2) additional data collected and recovered from pre-Midas Gold activities, and (3) more detailed geological modelling supported by relogging Midas Gold core, rock geochemistry, mapping, alteration modeling and other information. While overall totals and averages have seen modest changes since 2014, key highlights include:

First time definition of a measured resource at Yellow Pine, located at surface, with a grade of 2.5 g/t gold and 0.25% antimony, which would be the first area to be mined under the development plan proposed in the 2014 PFS.

An overall 6% increase in gold grade and a 22% increase in antimony grade in the Yellow Pine deposit, which would be the first deposit to be mined under 2014 PFS, which should benefit project economics as compared to the 2014 PFS.

A 31% increase in antimony contained in the mineral resources for the Project, split between the Yellow Pine and Hangar Flats deposits, potentially increasing production of this critical metal.

On a total project basis, a 2% increase in measured and indicated gold grade and a 3% increase in gold contained in the measured and indicated mineral resources.

The West End deposit saw a 6% increase in gold contained in indicated mineral resources, and a 49% increase in gold contained in inferred mineral resources.

These increases in measured and indicated mineral resources are partially offset by reductions in inferred mineral resources as a result of the updated model and conversion of inferred resources.

Details of the above highlights are provided, below.

Table 1: Consolidated Mineral Resource Statement(1,2,3,4,5,6) for the Stibnite Gold Project
Total(5) Open Pit Oxide + Sulfide Mineral Resources - Base Case Estimate

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)Antimony

			Grade

			(%)(5)Contained

			Antimony

			(000s lbs)
Measured4,6232.533773.915810.2525,821
Indicated100,2891.625,2342.477,9550.08178,016
M & I104,9121.665,610 2.538,536 0.09203,838 
Inferred(6)23,1741.299592.041,5180.0420,524

All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under National Instrument 43-101 (“NI43-101”).

Mineral resources are reported in relation to a conceptual pit shell in order to demonstrate potential for economic viability, as required under NI43-101; mineralization lying outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability - see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate and therefore numbers may not appear to add precisely.

Open pit sulfide mineral resources are reported at a cut-off grade of 0.75 g/t Au. Cut-off grades are based on a price of US$1,050 per ounce of gold and a number of operating cost and recovery assumptions, plus a contingency (see details below).

Open pit oxide mineral resources are reported at a cut-off grade of 0.45 g/t Au. Cut-off grades are based on a price of US$1,050 per ounce of gold and a number of operating cost and recovery assumptions, plus a contingency (see details below).

“Total” project mineral resources include those resources from the Yellow Pine, Hangar Flats, West End and Historic Tailings deposits.

Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

“The updated mineral resource estimate for the Stibnite Gold Project represents another milestone in the path towards completion of a feasibility study,” said Stephen Quin, President and CEO of Midas Gold Corp, “The successful execution of a focused drilling campaign combined with extensive geological modelling has resulted in a refined and enhanced mineral resource estimate that has confidence levels sufficient to support the completion of a feasibility study,” he said. “While the overall changes to the mineral resource estimates are relatively modest, the positive changes are concentrated in the Yellow Pine deposit, and particularly the upper portions of that deposit, which should provide enhanced margins in the early years of the operational life, since the Yellow Pine deposit would be the first deposit to be mined.”

Highlighted Changes to Mineral Resource Estimates

The principal changes in the 2018 mineral resource estimates (relative to the 2014 PFS consolidated mineral resource statement) are a 2% increase in Measured and Indicated (M&I) gold grade and a 3% increase in M&I gold contained in mineral resources, as well as a 31% increase in indicated antimony contained in mineral resources. These changes are largely driven by a 6% increase in M&I gold grade at Yellow Pine, a 10% increase in indicated mineralized tonnage in the West End deposit and increased antimony contained in mineral resources in both the Yellow Pine and Hangar Flats deposits. Positive changes are slightly offset by a 2% decrease in indicated gold contained in mineral resources at Hangar Flats.

The change in grade at Yellow Pine is the result of additional drilling and a more detailed geological model, which better segregates mineralized and unmineralized materials on the basis of newly identified fault zones defined based on re-logging, oriented core data from the 2016-2017 drilling program and surficial pit mapping from pre-Midas Gold activities. Similarly, increased tonnage in the West End deposit is the result of a more detailed geological model which subdivides metasedimentary formations into individual lithotypes and models stratigraphic offset along post-mineralization faults. Another principal change in the West End model is the definition of more oxide resources following a thorough comparison of cyanide recoverable to total gold ratios against distribution of logged oxidation in drill logs.

All models use sub-block or partial-block percentage reporting to accurately report in-situ mineral resources, which will allow for quantitative forecasting of mining dilution in the feasibility study.

Increases in antimony contained in mineral resources at Yellow Pine are due to new drilling in the antimony resource area, definition of an antimony grade shell using indicator methods, and re-evaluation of legacy data used in the estimate on the basis of reconciliation against historic production records. Similarly, the increase in antimony contained in mineral resources at Hangar Flats is the result of new drilling in the antimony resource area and different treatment of legacy drillhole data following assessment of the impact of this data. Additional details for each deposit are provided below.

2018 Updated Mineral Resources within the 2014 PFS Mineral Reserve Pit

Since the 2014 mineral resource update, Midas Gold’s efforts have almost exclusively been focused on optimizing mineral resources located within the mineral reserve limiting pit defined in the 2014 PFS. In order to more clearly illustrate the results of these efforts, the table below compares the updated mineral resources within the same 2014 PFS mineral reserve limiting pit. This comparison is provided for information purposes only and is only intended to allow a direct comparison of mineral resources within that 2014 PFS mineral reserve limiting pit. This comparison should not be interpreted as a statement of mineral reserves; mineral reserves will only be defined in the pending feasibility study, due for completion in later 2018.

Table 2: Comparison of 2018 and 2014 Consolidated Mineral Resource Statement(1,2,3,4,5,6) for the Stibnite Gold Project Located Within the 2014 PFS Mineral Reserve Limiting Pits + Historic Tailings

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)Antimony

			Grade

			(%)(5)Contained

			Antimony

			(000s lbs)
2018 Update
Measured and Indicated85,9991.704,6932.316,3920.08155,500
Inferred(6)7,1341.222791.413240.011,218
2014 Estimate
Indicated83,2241.674,4762.506,6840.07132,660
Inferred(6)7,2031.333082.024670.069,671
2014-2018 Change
Indicated+2,775+0.03+217(0.19)(292)+0.01+22,840
Inferred(6)(69)(0.11)(29)(0.61)(143)(0.05)(8,453)
Percentage Change
Indicated+3%+2%+5%-8%-4%+14%+17%
Inferred-1%-8%-9%-30%-31%-83%-87%

Antimony mineral resources are reported as a subset of the total mineral resource within the conceptual pit shells used to constrain the total gold mineral resource in order to demonstrate potential for economic viability, as required under NI43-101; mineralization outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability - see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate.

Open pit antimony sulfide mineral resources are reported at a cut-off grade 0.1% antimony within the overall 0.75 g/t Au gold cut-off. Cut-off grades are based on a price of US$1,050 per ounce of gold, $4.00/lb antimony and a number of operating cost and recovery assumptions, plus a contingency (see details below). The antimony subdomain is further limited to discrete zones of mineralization with grades that exceed 0.1% antimony.

Mineral Resource Estimates by Deposit

The mineral resource estimate for the Project encompasses four separate deposits: Yellow Pine, Hangar Flats, West End and Historic Tailings. Each deposit was modelled based on a combination of Midas Gold and pre-Midas Gold drilling, with the latter information being used only where sufficient confidence was obtained to support its use. Details of each of the mineral resource estimates are summarized below.

Yellow Pine Mineral Resource Estimate

The mineral resource estimate for the Yellow Pine deposit is summarized in the table below and is based on 69,753m of drilling in 629 holes, including 43,814m of drilling in 223 holes by Midas Gold and the balance drilled by others. Additional work, including oriented core drilling by Midas Gold since the 2014 PFS, relogging of core, rock geochemistry and alteration modelling, mapping, surface sampling and other information, has made possible a significantly improved and more detailed geologic model, resulting in improved understanding of controls on mineralization. The principal changes in the 2018 updated mineral resource estimate for Yellow Pine versus that in the 2014 PFS are (1) use of additional geostatistical estimation domains and search strategies reflecting the improved geological model, and (2) constraint of the antimony shell using a combination of geological boundaries and indicator kriging. An additional minor change was to remove some additional Bradley-era (1939-1953) drill holes that were used in the PFS and eliminate the range restrictive search strategy applied to this data. This estimation plan was adopted following additional confirmatory drilling in the high-grade central part of the deposit by Midas Gold, a review of legacy data relative to structural boundaries and model reconciliation against historic production. The net result of the mineral resource estimate for Yellow Pine is a 3% increase in gold contained in indicated mineral resources, a 6% increase in gold grade and an 62% reduction in gold contained in inferred mineral resources, the latter is a result of the conversion of ounces to the indicated category and reduced grade extrapolation based on improved geologic controls and more restrictive search strategies. Within the PFS Mineral Reserve Pit, the result is a 6% increase in indicated gold grade and a 2% increase in indicated contained gold resources. Other significant changes to the model include more accurate reconstructions of the Bradley and Hecla legacy pit-bottoms, use of partial block percentage reporting, and removal of some low-precision silver assays from the estimation plan.

Table 4: 2018 Updated Yellow Pine Mineral Resource Statement (1,2,3)

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)Antimony

			Grade

			(%)Contained

			Antimony

			(000s lbs)
Sulphide (1)
Measured4,6232.533773.915810.2525,821
Indicated38,5981.992,4692.312,8630.1081,406
M & I (2)43,2212.052,8452.483,4440.11107,228
Inferred (3)3,8141.181450.72880.0076

Hangar Flats Mineral Resource Estimate

The Hangar Flats mineral resource estimate tabulated below is based on 39,181m of drilling in 217 holes, including 26,583m of drilling in 106 holes by Midas Gold and the balance drilled by others. The updated Hangar Flats resource model incorporates additional drilling by Midas Gold since the 2014 PFS with only minor changes to the block estimation strategy and geological model but a more restrictive classification methodology. The net result of the updated mineral estimate for Hangar Flats is a 2% decrease in gold contained in indicated mineral resources and an 7% reduction in gold contained in inferred mineral resources, the latter a result of the conversion of ounces to the indicated category and the results of additional drilling. Within the PFS Mineral Reserve Pit, the result is a 3% increase in indicated gold grade and a 1% decrease in indicated contained gold resources.

Table 5: 2018 Updated Hangar Flats Mineral Resource Statement (1,2,3)

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)Antimony

			Grade

			(%)Contained

			Antimony

			(000s lbs)
Sulphide (2)
Indicated19,6971.711,0804.803,0410.2086,962
Inferred (3)7,6541.373363.959710.1219,885

Mineral resources are reported in relation to a conceptual pit shellin order to demonstrate potential for economic viability, as required under NI43-101; mineralization lying outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability - see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate.

West End Mineral Resource Estimate

The updated West End mineral resource estimate tabulated below is based on 73,695m of drilling in 857 holes, including 11,767m of drilling in 50 holes by Midas Gold and the balance drilled by others. A more detailed geological model was constructed based on 50 digitized legacy bench maps which better constrains mineralization within the West End Fault Zone corridor, models offset along important post-mineralization faults and subdivides key stratigraphic horizons within the thicker metasedimentary units. The new geological model, coupled with new drilling, newly digitized blast hole assays and 448 new gold fire assays obtained for pulps from pre-Midas Gold drill holes, led to improved modeling of controls on mineralization and an updated mineral resource estimation strategy based on the geologic model. In addition, Midas Gold re-evaluated the spatial distribution of oxide resources on the basis of oxidation logging and cyanide-recoverable to total gold block ratios resulting in an 115% increase in oxide resource tonnage. The net result of the mineral resource estimate for West End is a 6% increase in gold contained in indicated mineral resources, and a 49% increase in gold contained in inferred mineral resources. Within the PFS Mineral Reserve Pit, the result is a 2% decrease in indicated gold grade and a 14% increase in indicated gold contained in mineral resources, largely resulting from definition of additional lower grade oxide mineral resources.

Table 6: 2018 Updated West End Mineral Resource Statement (1,2,3,4)

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)
Oxide (3)
Indicated18,7650.925571.37827
Inferred(4)3,9070.921150.96121
Sulphide (2)
Indicated20,6451.551,0291.48980
Inferred (4)7,6591.453571.32325
Total
Indicated39,4111.251,5861.431,806
Inferred (4)11,5661.274721.20446

Historic Tailings Mineral Resource Estimate

No additional data has been collected in respect of the historic tailings, and the mineral resources stated below are the same as those reported in the 2014 PFS and are repeated here for the sake of completeness.

Table 7: Historic Tailings Mineral Resource Statement (1,2,3)

ClassificationTonnage

			(000s)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Silver

			Grade

			(g/t)Contained

			Silver

			(000s oz)Antimony

			Grade

			(%)Contained

			Antimony

			(000s lbs)
Indicated2,5831.19992.952450.179,648
Inferred (3)1401.2362.88130.18563

Mineral resources are reported in total above cut-off since all the spent heap leach ore stacked on top of the tailings will be removed for construction purposes and the tailings full exposed. Mineral resources are not mineral reserves and do not have demonstrated economic viability - see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate.

Sensitivity to Cut-Off Grade

As show in the Table 8 below, the mineral resource estimates for the Project are not particularly sensitive to gold cut-off grade.

Table 8: Combined Sensitivity to Cut-Off Grade (Base Case Highlighted) (1,2)

Sulfide

			Cutoff

			Grade

			(g/t Au)Oxide

			Cutoff

			Grade

			(g/t Au)Yellow Pine

			(sulfide)Hangar Flats

			(sulfide)West End

			(oxide + sulfide)Historic Tailings

			(sulfide)Total

			(oxide + sulfide)
Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)Gold

			Grade

			(g/t)Contained

			Gold

			(000s oz)
Measured and Indicated
0.60.31.892,9641.551,1531.021,8181.161021.456,037
0.650.351.952,9231.611,1281.101,7371.171021.525,890
0.70.42.002,8841.661,1031.181,6591.171011.605,747
0.750.452.052,8451.711,0801.251,5861.19991.665,610
0.80.52.102,8061.751,0561.321,5161.21961.735,474
0.850.552.142,7691.801,0311.391,4501.24921.795,342
0.90.62.182,7321.851,0061.461,3881.26891.855,215
Inferred(2)
0.60.31.061721.193921.045451.2161.091,115
0.650.351.101631.253731.125191.2161.161,061
0.70.41.151531.313531.204941.2261.231,006
0.750.451.181451.373361.274721.2361.29959
0.80.51.221381.433161.334521.2751.35911
0.850.551.261291.493011.394331.351.40868
0.90.61.301211.542871.444161.3151.45829

Mineral resources are reported in relation to the base-case conceptual pit shell in order to demonstrate potential for economic viability, as required under NI43-101; mineralization lying outside of these pit shells is not reported as a mineral resource. Mineral resources are not mineral reserves and do not have demonstrated economic viability - see “Compliance with NI43-101” below. All figures are rounded to reflect the relative accuracy of the estimate.

Cut-Off Grade and Prospects for Economic Extraction

The updated mineral resources are reported within the same pit-shells and at the same cut-off grades as Midas Gold used in 2014. The cut-off grades of 0.75 g/t gold for sulphides and 0.45 g/t gold for oxides are equivalent to a conservative gold price assumption of approximately $1,050/ounce, based on updated cost estimates from ongoing feasibility level engineering studies (Table 9, below). Prospects for eventual economic extraction of the mineral resources, as required by NI43-101, were demonstrated in the 2014 PFS by developing conceptual pit shells using a Lerchs-Grossman algorithm and input parameters derived from preliminary cost estimates associated with pre-feasibility level engineering studies, as outlined in the press release dated September 10, 2014. Only mineral resources above these cut-offs and within the mineral resource-limiting pits are reported; mineralization falling below this cut-off grade or outside the resource-limiting pits is not reported, no matter what the grade. Antimony and silver are considered by-products and were not utilized in pit optimizations or for establishing likelihood of economic extraction. Sensitivity to cut-off grade is reported in Table 7 above.

Table 9: Gold Cut-off Grade Calculation Parameters

Input ParametersUnitsCostNotes
Mining Cost - Resource$/tonne mined2.00Includes mining G&A
Mining Cost - Waste$/tonne mined2.00Includes mining G&A
Oxide Processing Cost$/tonne mined7.00Excludes G&A costs
Oxide Au Recovery%86
Oxide / Sulfide Boundary (1)CN Au : FA Au0.6
Sulfide Processing Cost$/tonne milled16.00Excludes G&A costs
Sulfide Au Recovery%91
Dore Transport Cost$/oz Au1.15
Dore Refining Cost$/oz Au1.00
G&A and Rehabilitation Cost$/tonne milled4.00
Pit Slopesdegrees48
Au Payability%99.5
Au Selling Price - Base Case$/oz1,050
Mining dilution%0
Mining recovery%100
Net Smelter Return Royalty on Au%1.7

AuCN is cyanide leachable gold, AuFA is total gold.

Assumptions used to derive the cut-off grades and define the resource-limiting pits are estimated in order to meet the NI43-101 requirement for mineral resource estimates to demonstrate “reasonable prospects for eventual economic extraction”. The cut-off grades to be used in the upcoming feasibility study may vary from those used to limit the mineral resources reported herein, as the inputs to that study are determined. No inference is implied in the changes to the assumptions used in the cut-off grade calculations from the prior mineral resource estimates as to what will be used in the upcoming feasibility, as those assumptions remain to be determined.

Updated Technical Report and Upcoming Feasibility Study

The details of four mineral resource estimates for Yellow Pine, Hangar Flats, West End and Historic Tailings will be provided in a NI43-101 Technical Report to be filed in conjunction with the completion of the feasibility study scheduled for later in 2018.

With the completion of the mineral resource estimates contained herein, the results of the metallurgical test programs and the other engineering, design and baseline work completed, Midas Gold and its consultants are currently completing mine planning, estimates of capital and operating costs, and other components of the planned feasibility study. The feasibility study is anticipated to be completed in late 2018 and results will be announced when appropriate and will be detailed in the required Technical Report.

2018 Mineral Resource Estimate Methodology

The mineral resource estimates for Yellow Pine, Hangar Flats and West End were prepared to industry standards and best practices using commercial mine-modeling and geostatistical software. Garth Kirkham, P.Geo. is the Qualified Person responsible for the Yellow Pine and Hangar Flats mineral resource estimates for the purposes of NI43-101. Bart Stryhas, C.P.G. and former Chief Geologist of the Stibnite Mine, is the Qualified Person responsible for the West End mineral resource estimate and West End geologic model for the purposes of NI43-101. The Yellow Pine and Hangar Flats geologic models and mineral resource estimates were completed under the supervision of Midas Gold’s Senior Resource Geologist Austin Zinsser, SME-R.M., and Exploration Manager Chris Dail, C.P.G. Each deposit was segregated into multiple estimation domains based on geologic models with the majority of mineral resources estimated using ordinary kriging interpolation of capped composites in multiple estimation passes. Search ellipse orientation and anisotropy were based on structural and geological controls and/or variogram models with first pass major axis search distances generally 40-60m, and subsequent pass distances generally 100-150m.

Midas Gold and its consultants conducted extensive statistical analyses to assess the quality of the pre-Midas Gold legacy drill hole data in preparation of 2014 PFS mineral resource estimates. Confirmatory drilling has generally shown the data to be of good quality but use of historical data still presents certain risks in mineral resource estimation due to historical drilling, sampling and assaying methodologies. The improved constraints on mineralization provided by the updated geological model at Yellow Pine have reduced the variance of resource sensitivities run with and without Bradley Mining Company pre-1953 data to within 2%. Based on these sensitivity studies, and on good reconciliation against historic production records from the Yellow Pine and Homestake pits, a limited set of pre-1953 drillholes was used in all estimation passes to improve local accuracy of the estimates rather than limiting the influence of this data through range-restricted searches, as was done in the 2014 PFS. Similarly, antimony mineral resources were estimated using some pre-1953 drilling but were limited to areas where confirmatory Midas Gold drilling established continuity of this mineralization.

Mineral Resources are classified under the categories of Measured, Indicated and Inferred according to Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines. Mineral resource classification for gold was based primarily on drillhole spacing and on continuity of mineralization. Measured resources were defined at Yellow Pine as blocks with an average distance to three drillholes of less than ~15m (50 feet) and occurring within the Central Yellow Pine or Homestake estimation domains where historic production occurred. Indicated resources were defined as those with an average distance to three drillholes of less than ~36m (120 feet) at Yellow Pine and ~30m (100 feet) at Hangar Flats. Indicated resources at West End were defined as those with an average drillhole spacing of less than ~30m (100 feet) and meeting additional requirements. Final resource classification shells were manually constructed on sections. Antimony and silver are not classified separately and are reported based on gold classification. A full description of the modeling methodologies for each deposit will be included in a technical report scheduled for release in conjunction with completion of feasibility study for the Project. Modeling methodologies for the Historic Tailings mineral resource estimates are discussed in a news release dated October 28th, 2013.

Compliance with National Instrument 43-101

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 (“NI43-101”) and reviewed and approved by Stephen P. Quin, P.Geo., President and CEO of Midas Gold Corp., and a Qualified Person. The exploration and drilling activities at Stibnite carried out by Midas Gold were undertaken under the supervision of Richard Moses, C.P.G., Field Operations Manager for the Stibnite Gold Project, Chris Dail, C.P.G., Exploration Manager for the Stibnite Gold Project, Austin Zinsser, SME-R.M., Senior Resource Geologist for the Stibnite Gold Project, and Kent Turner, SME-R.M., all Qualified Persons.

Garth Kirkham, P.Geo., of Kirkham Geosystems Ltd. is the Qualified Person, as defined in National Instrument 43-101, responsible for the Yellow Pine and Hangar Flats mineral resource estimates as reported herein. He has read and approved the relevant technical portions of this news release related to the mineral resource estimates for which he is responsible. Bart Stryhas, C.P.G. and former Chief Geologist of the Stibnite Mine (part of the West End deposit), is the Qualified Person responsible for the West End mineral resource estimate and West End geologic model for the purposes of NI43-101. He has read and approved the relevant technical portions of this news release related to the mineral resource estimates for which he is responsible.

Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

The Project mineral resources are contained within areas that have seen historic disturbance resulting from prior mining activities. In order for Midas Gold to advance its interests, the Project will be subject to a number of Federal, State and local laws and regulations and will require permits to conduct its activities. However, Midas Gold is not aware of any environmental, permitting, legal or other reasons that would prevent it from advancing the Project.

About Midas Gold

Midas Gold Corp., through its wholly owned subsidiaries Midas Gold Idaho, Inc., Idaho Gold Resources, LLC and Stibnite Gold Company, is focused on the exploration and, if warranted, development of deposits in the Stibnite-Yellow Pine district of central Idaho. The principal gold deposits identified to date within the Project are the Hangar Flats, West End and Yellow Pine deposits, all of which are associated with important structural corridors, as well as a mineral resource contained in Historic Tailings.

Note to US Investors

This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of United States securities laws. The terms “mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and are normally not permitted to be used in reports and registration statements filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource exists or is economically or legally mineable. Disclosure of “contained ounces” in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC Industry Guide 7 standards as in place tonnage and grade without reference to unit measures. “Indicated mineral resource” and “inferred mineral resource” have a great amount of uncertainty as to their existence and a great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an “indicated mineral resource” or “inferred mineral resource” will ever be upgraded to a higher category. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves. Accordingly, information contained in this News Release contain descriptions of the Company’s mineral deposits that may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder.

Guest User 1/18/11 Guest User 1/18/11

MIDAS REPORTS SIGNIFICANT GOLD INTERCEPTS AT HANGAR FLATS, GOLDEN MEADOWS PROJECT, IDAHO

Hole MGI-10-12 intersected 4.1g/t gold over 36.6m, including 7.4g/t gold over 16.5m

Hole MGI-10-13 intersected 2.6g/t gold over 70.3m plus 2.1g/t gold over 42.7m

Hole MGI-10-26 intercepted 2.4g/t gold over 176.8m plus 1.8g/t gold over 68.6m

Hole MGI-10-27 intercepted 2.5g/t gold over 117.0m

VANCOUVER, BRITISH COLUMBIA - Midas Gold, Inc. (a private company) today announced assay results from its core drilling program on the Hangar Flats deposit at the Company’s Golden Meadows Project, Idaho. A total of twenty-six drill holes were completed at Hangar Flats during the summer and fall of 2010 as part of its resource definition and exploration drill program that was designed to develop a mineral resource estimate to a level suitable for reporting under Canadian National Instrument 43-101 Technical Reporting guidelines, the results of which will be announced during Q1/11. Hangar Flats is a high grade gold-silver-antimony-tungsten discovery made in 2009 by Midas Gold and these most recent drill intercepts are step outs and infill holes from the 2009 discovery holes. Highlights of assays from these recent drill holes are summarized in the table below and the full results for the twenty-six holes released today, as well as results from our eleven-hole 2009 drill program, are provided in the attached table.

Highlights of 2010 Drilling at Hangar Flats

Hole IDTarget AreaFrom (m)To (m)Interval (m)*Gold (g/t)
MGI-10-12Hangar Flats72.2108.836.64.08
Including74.190.516.57.36
MGI-10-13Hangar Flats73.2143.470.32.60
And162.5205.142.72.06
And213.4220.87.51.27
And227.1228.00.98.66
MGI-10-26Hangar Flats10.7187.5176.82.43
Including126.5134.17.67.09
And195.1263.768.61.82
MGI-10-27Hangar Flats26.2143.3117.02.50
Including75.689.313.76.23

* Based upon the current 3D interpretation of the Hangar Flats deposit the intervals quoted here are at or near true thickness and are composited using a 0.5 g/t cutoff and may include short intervals of internal waste below the cutoff grade. Reported intervals may not correspond precisely to the ‘From’ and ‘To’ due to rounding.

“Hangar Flats has rapidly advanced from a small historical mineral occurrence, to a major drilled discovery, through an initial round of exploration drilling, and in-filled to standards suitable for formal resource estimation, all in less than two years,” said Stephen Quin, President and CEO of Midas Gold. “With drilling now complete, an updated mineral resource estimate is underway and will be released in the near future. Hangar Flats is one of three significant gold deposits in the Golden Meadows project area, in addition to numerous other gold occurrences similar in scale to Hangar Flats prior to the 2009- 10 drilling, suggesting significant additional gold potential at Golden Meadows.”

These drill results, along with those from previous drilling, indicate that the Hangar Flats deposit comprises a series of stacked ellipsoidal lenses, with best grades and thicknesses near the trace of the Meadow Creek Fault System, a major district-scale ore controlling structure. The thick, higher grade intercepts reported above and in the table attached are from the core of the deposit, while the narrower, lower grade intercepts in the table attached are from the margins of the deposit. A new resource model for Hangar Flats will be completed in Q1/11.

For current drill hole locations, please view the accompanying maps and section.

2010 Exploration Program at Golden Meadows
The drilling at Hangar Flats was undertaken as part of a forty-four hole, 12,893m drill program completed in 2010 by Midas Gold Inc., which program focused on the Hangar Flats and West End areas. All drilling was undertaken with HQ core drilling, with core logged and sawn in half on site, and samples sent offsite for assay.

About the Golden Meadows Project
The Golden Meadows Project encompasses most of the historic Stibnite-Yellow Pine Mining District in South-central Idaho where Midas Gold, Inc. (a private company), owns or controls over 4,000 hectares in the district and recently entered into a letter of intent with Vista Gold Corp. to combine Vista’s Yellow Pine deposit, which Vista has reported as containing significant gold mineral resources in the Golden Meadows project area, with Midas Gold’s interests, in a new company (“Newco”). As a result, Vista will become a 35% shareholder of Newco.

The Stibnite-Yellow Pine district lies at the intersection of major, regional fault systems and lies on the margins of the western ring fractured margin of the Tertiary Thunder Mountain caldera complex. Gold mineralization within the Golden Meadows Project appears to be an intrusion related, gold-rich system overprinted by a younger, epithermal gold system with increased silver and antimony. Historic gold production of approximately one million ounces from the district came primarily from high grade underground gold-antimony production immediately north of Hangar Flats from 1928-38, open pit mining at Yellow Pine from 1938-52, or from heap leaching of oxide gold occurrences, including West End and Homestake, from 1974 to 1997. The deeper sulphide gold potential has seen little attention in modern exploration. The principal gold deposits identified to date within the Golden Meadows Project are Hangar Flats and West End, along with Vista’s Yellow Pine deposits, all associated with significant structural corridors. In addition, numerous other smaller gold occurrences have been identified, some of which have historic gold resource estimates, and which remain to be explored for their deeper sulphide potential.

For further information about Midas Gold, Inc., please contact: Investor Relations at (509) 927-GOLD (4653) or e-mail Midas at info@midasgoldinc.com

Quality Assurance
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President and CEO of Midas Gold, Inc. The exploration activities at the Hangar Flats deposit were carried out under the supervision of Christopher Dail, C.P.G., Qualified Person and Project Manager for the Golden Meadows Project.

Gold is analyzed by fire assay fusion with 30g charges with an atomic absorption spectroscopy or gravimetric finish for gold. Analyses are carried out by ALS CHEMEX in their Reno and Winnemucca, Nevada laboratories. Blank and standard samples are used for quality assurance and quality control. After the completion of the drilling programs, random check assays were analyzed at Inspectorate and American Assay Laboratories in Reno, Nevada.

Forward-Looking Statements
This document may contain “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”). These forward-looking statements are made as of the date of this document and Midas Gold, Inc. (the “Company”) does not intend, and does not assume any obligation, to update these forward-looking statements.

Forward-looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the estimation of mineral reserves and mineral resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward- looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Cautionary Note - The United States Securities and Exchange Commission (“SEC”) permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Midas Gold uses certain terms such as “measured”, “indicated”, “inferred”, and “mineral resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. However, Midas Gold is not an SEC registered company. This press release is NOT for U.S. distribution and is not a solicitation or a prospectus for stock.

Click here for the full tables and maps.

Guest User 1/5/11 Guest User 1/5/11

MIDAS GOLD ANNOUNCES APPOINTMENT OF STEPHEN P. QUIN AS PRESIDENT & CEO

Spokane, Washington - Midas Gold Inc. (a private company) today announced the appointment of Stephen P. Quin, P.Geo., as President and Chief Executive Officer of Midas Gold, effective January 1, 2011.

“Stephen Quin brings a wealth of experience to Midas Gold,” said Frank Duval, retiring President of Midas Gold, Inc. “Mr. Quin’s experience in exploration, feasibility studies, permitting and project finance, as well as mine development and operations, positions Midas Gold to comprehensively and rapidly advance its Golden Meadows project located in the Yellow Pine - Stibnite gold district of Idaho.”

“I am excited to be joining Midas Gold at this critical juncture in its history,” said Stephen Quin, President & CEO of Midas Gold, Inc. “The consolidation of the Yellow Pine - Stibnite district as its Golden Meadows project represents a tremendous opportunity for value creation for the shareholders of Midas Gold, new and old. Not only are there significant gold mineral resources already defined, but there is exceptional exploration potential as a result of the historic fragmented ownership of the district that prevented its efficient and effective exploration. Now that the district is on the verge of being consolidated under one roof for the first time since gold was first discovered in the early 1900’s, exploration can proceed unconstrained by artificial property boundaries. Further, the significant sulphide potential below the traditional oxide gold targets represents a vast, largely untested, gold target. Continuing on the heels of two highly successful drilling programs in 2009 and 2010, we are currently planning our 2011 campaign, which will further evaluate the potential of the Golden Meadows project,” stated Mr. Quin. “At this transition point for the Company, I would like to also acknowledge the considerable effort put forward by Frank Duval and his team over the preceding years to effect the successful consolidation of the district, the compilation of many years of historic mining and exploration data, and two years of exploration that have considerably expanded the gold potential in the district.”

Biography for Stephen Quin
Prior to joining Midas Gold, Mr. Quin was President of Capstone Mining Corp., an intermediate copper producer with mines in Canada and Mexico.

In 2005, Mr. Quin co-founded Sherwood Copper Corporation and was appointed President & CEO. Under his leadership, Sherwood acquired the Minto exploration project and advanced it through feasibility and into production in 2007, on time and on budget, and subsequently doubled mill capacity and mineral resources. In early 2008, Mr. Quin led the acquisition of the high grade Kutcho copper-zinc deposit for Sherwood, currently the subject of an on-going prefeasibility study. In late 2008, Mr. Quin steered Sherwood through the combination with Capstone Mining, owner and operator of the Cozamin mine in Mexico. On completion of the merger, Mr. Quin assumed the role of President & COO of Capstone, which now has a market capitalization of approximately C$900 million.

From 1987 to 2005, Mr. Quin was a senior executive with Miramar Mining Corporation, where he co- led the acquisition and directed the exploration of the Con Mine and, subsequently, the Hope Bay project in Canada; Hope Bay became one of the largest high grade gold deposits in Canada. Miramar was acquired for approximately $1.3 billion by Newmont Canada in 2007. From 1994 to 2000, Mr. Quin was a senior executive with Northern Orion Exploration Ltd., an affiliate of Miramar, where he led the acquisition and subsequent exploration of the Agua Rica copper-gold-molybdenum porphyry in Argentina in a joint venture with BHP, as well as the San Jorge copper-gold project in Argentina.

Mr. Quin graduated with a B.Sc. (Honours) in Mining Geology from the Royal School of Mines, London, England in 1980. He is a Professional Geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia, a Fellow with the Geologic Association of Canada and Society of Economic Geologists, a Member of the Canadian Institute of Mining & Metallurgy and the Institute of Materials, Minerals and Mining (UK). Mr. Quin also serves on the board of a number of publicly listed mining companies and industry associations.

About Midas Gold
Midas Gold is a private company that controls the majority of the Yellow Pine - Stibnite district in Idaho, a district that encompasses a number of historic past producing mines, as well as significant mineral resources. Additional details regarding Midas Gold’s mineral resources at Golden Meadows will be announced shortly. On December 7, 2010, Vista Gold Corp. (TSX & NYSE Amex Equities: VGZ) announced that it had entered into a letter of intent to combine Vista’s Yellow Pine deposit, which Vista has reported as containing significant gold mineral resources in the Golden Meadows project area, with Midas Gold’s interests, in a new company (“Newco”). As a result, Vista will become a 35% shareholder of Newco. Mr. Quin will continue as President & CEO of Newco when this combination is completed.

Additional information on Midas Gold, Newco and its Golden Meadows project will be released over the coming months.

Forward Looking Information
This new release contains forward-looking statements within the meaning thereof under the U.S. Securities Act of 1933, as amended, and U.S. Securities Exchange Act of 1934, as amended, and forward-looking information within the meaning thereof under Canadian securities laws. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that Midas Gold expects or anticipates will or may occur in the future, including such things as, estimates of mineral resources, the conversion of inferred mineral resources to measured and indicated resources, the conversion of mineral resources to mineral reserves, the potential to expand the resource base at the Golden Meadows project, the timing for completion and expected results of NI43-101 resource estimates by Midas Gold relating to its properties within the Golden Meadows project, potential gold resources at Vista’s Yellow Pine gold project, the entering into a definitive agreement with Midas Gold, the timing for the completion of the definitive agreement and completion of the proposed transaction between Midas Gold and Vista, and other such matters are forward-looking statements and forward-looking information. When used in this press release, the words “optimistic”, “potential”, “indicate”, “expect”, “intend”, “hopes”, “believe”, “may”, “will”, “could”, “if”, “anticipate,” “when”, and similar expressions are intended to identify forward-looking statements and forward-looking information. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Midas Gold to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, negotiating a satisfactory definitive agreement and other related documentation, timing for completing the definitive agreement, the combination and transactions contemplated thereunder, obtaining board and regulatory approvals; tax consequences of the proposed combination; the ability to integrate the operations of Newco; uncertainty of mineral resource estimates; estimates of results based on such mineral resource estimates; risks relating to cost increases for capital and operating costs; risks relating to delays in the completion of future drilling programs; risks related to the adequacy of the design of such drilling programs, risks related to the ability to obtain the necessary permits; risks of shortages and fluctuating costs of equipment or supplies; risks relating to fluctuations in the price of gold; the inherently hazardous nature of mining-related activities; potential effects on Midas Gold’ operations of environmental regulations in the areas in which it operates; and risks due to legal proceedings. Although Midas Gold has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements and forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, Midas Gold assumes no obligation to update any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise.

Quality Assurance & Regulatory Compliance
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Stephen P. Quin, P. Geo., President & CEO of Midas Gold Inc.

Some of the mineral resources at Golden Meadows are categorized as indicated and some as inferred mineral resources. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are normally considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.

Cautionary Note - The United States Securities and Exchange Commission (“SEC”) permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. Midas Gold uses certain terms such as “measured”, “indicated”, “inferred”, and “mineral resources,” which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. However, Midas Gold is not an SEC registered company.

Classification	Tonnage (000s)	Gold Grade (g/t)	Contained Gold (000s oz)	Silver Grade (g/t)	Contained Silver (000s oz)	Antimony Grade (%)⁽⁵⁾	Contained Antimony (000s lbs)
Measured	4,623	2.53	377	3.91	581	0.25	25,821
Indicated	100,289	1.62	5,234	2.47	7,955	0.08	178,016
M & I	104,912	1.66	5,610	2.53	8,536	0.09	203,838
Inferred⁽⁶⁾	23,174	1.29	959	2.04	1,518	0.04	20,524

Classification	Tonnage (000s)	Gold Grade (g/t)	Contained Gold (000s oz)	Silver Grade (g/t)	Contained Silver (000s oz)	Antimony Grade (%)⁽⁵⁾	Contained Antimony (000s lbs)
2018 Update
Measured and Indicated	85,999	1.70	4,693	2.31	6,392	0.08	155,500
Inferred(6)	7,134	1.22	279	1.41	324	0.01	1,218
2014 Estimate
Indicated	83,224	1.67	4,476	2.50	6,684	0.07	132,660
Inferred⁽⁶⁾	7,203	1.33	308	2.02	467	0.06	9,671
2014-2018 Change
Indicated	+2,775	+0.03	+217	(0.19)	(292)	+0.01	+22,840
Inferred⁽⁶⁾	(69)	(0.11)	(29)	(0.61)	(143)	(0.05)	(8,453)
Percentage Change
Indicated	+3%	+2%	+5%	-8%	-4%	+14%	+17%
Inferred	-1%	-8%	-9%	-30%	-31%	-83%	-87%

Classification	Tonnage (000s)	Gold Grade (g/t)	Contained Gold (000s oz)	Silver Grade (g/t)	Contained Silver (000s oz)	Antimony Grade (%)	Contained Antimony (000s lbs)
Sulphide ⁽¹⁾
Measured	4,623	2.53	377	3.91	581	0.25	25,821
Indicated	38,598	1.99	2,469	2.31	2,863	0.10	81,406
M & I ⁽²⁾	43,221	2.05	2,845	2.48	3,444	0.11	107,228
Inferred ⁽³⁾	3,814	1.18	145	0.72	88	0.00	76

Classification	Tonnage (000s)	Gold Grade (g/t)	Contained Gold (000s oz)	Silver Grade (g/t)	Contained Silver (000s oz)	Antimony Grade (%)	Contained Antimony (000s lbs)
Sulphide ⁽²⁾
Indicated	19,697	1.71	1,080	4.80	3,041	0.20	86,962
Inferred ⁽³⁾	7,654	1.37	336	3.95	971	0.12	19,885

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