Press Releases

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.

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.

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

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

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

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 9/18/17 Guest User 9/18/17

STATE & FEDERAL AGENCIES AGREE TO COORDINATE PERMITTING OF MIDAS GOLD’S PROPOSED STIBNITE GOLD PROJECT

Seven Federal, State & Local Agencies Sign Agreement Committing to Work Together on Updated Schedule

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that seven federal, state and local agencies have entered into an agreement outlining their commitment to work together and coordinate their efforts to permit Midas Gold Idaho’s Stibnite Gold Project (“Project”), which is located in Valley County, 39 miles east of McCall and just outside of Yellow Pine, Idaho. The U.S. Forest Service (which is the lead permitting agency), U.S. Army Corps of Engineers, U.S. Environmental Protection Agency, Idaho Department of Lands, Idaho Department of Environmental Quality, the Idaho Governor’s Office of Energy and Mineral Resources and Valley County signed the memorandum of understanding for the Project in early September. In addition, the U.S. Forest Service (“USFS”) provided an updated schedule for the regulatory process, which schedule accommodates the joint review process and the requests for additional information, which information Midas Gold is in the process of providing.

“This interagency agreement demonstrates a willingness of various federal, state and local agencies to cooperate and efficiently process the proposals made by Midas Gold with respect to the restoration and redevelopment of the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “This cooperation will reduce duplication, coordinate reviews and allow agencies to cooperatively resolve matters that arise during the review process. The updated permitting schedule recognizes the importance of a thorough and comprehensive review to ensure that a single, robust record of decision is made; Midas Gold and its consultants are working with the regulators and their consultants to complete the process in a timely manner,” said Mr. Quin.

The Cooperation Agreement

The memorandum of understanding (“MOU”) gives the agencies the framework to evaluate Midas Gold Idaho’s Plan of Restoration and Operations (“PRO”) as they work together to prepare a single, joint environmental impact statement (“EIS”) for the Stibnite Gold Project, which is the key permitting document required by the National Environmental Policy Act (“NEPA”). The MOU is designed to maximize the use of agency resources, minimize the duplication of efforts between agencies, avoid multiple parallel EIS processes, and allow the agencies to identify and resolve any issues that come up during the permitting process in an efficient manner. The single EIS will be a U.S. Forest Service document, however all signatory agencies will collaborate in the preparation of the EIS, provide adequate resources to ensure satisfactory and timely performance, follow a mutually agreed updated schedule, and ensure that the public process meets the requirements of all cooperating agencies and NEPA.

“This interagency agreement represents an important step for Midas Gold and the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “Midas Gold’s team in Idaho continues to work closely with the U.S. Forest Service and other agencies as it continues to move forward with permitting the Stibnite Gold Project.”

Next Steps in the Regulatory Process

The various regulatory agencies are currently reviewing Midas Gold’s PRO, as submitted and declared administratively complete in late 2016, plus the extensive environmental and other baseline data Midas Gold has been collecting for the past several years, as well as supplementing this data in response to requests for additional information. The USFS, on behalf of the various regulatory agencies, is conducting an 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 will provide the basis for the drafting of the EIS.

Updated Schedule

The USFS, their 3rd Party Contractor, and other cooperating agencies have been steadily working through the NEPA process, reviewing the PRO, the extensive baseline data provided by Midas Gold, and the draft alternatives analysis and draft mitigation plan included with the PRO and it is apparent that drafting multiple resource specific technical reports, reviewing and compiling the baseline information provided by Midas Gold and its contractors, and providing additional information requested by the regulators will require more time than originally anticipated. These reports and the associated data are an important component of the environmental impact analysis and sufficient time must be allowed to ensure their accuracy, completeness and that they meet the regulatory requirements for an EIS and support a robust and defensible Record of Decision. The USFS has advised that they anticipate issuing a draft EIS for public comment in Q3 2018 and an approved Record of Decision in Q3 2019, instead of Q2 2019 originally anticipated before the review process commenced.

“We accept that the regulatory agencies need to complete the process comprehensively in order to ensure that the Record of Decision stands,” said Ms. Sayer. “We will be working with the regulatory agencies and our consultants to look for ways to undertake these steps in a more timely, yet comprehensive manner. Our Plan of Restoration and Operations presents a compelling case for the redevelopment of the former Stibnite mine site, allowing for the restoration of the site’s extensive impacts from mining-related activities by prior owners and the redevelopment of a modern mining facility that provides long term, well paid employment for central Idaho, and significant economic benefits to Idaho.”

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 in process.

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.

Forward-Looking Information

Guest User 9/13/17 Guest User 9/13/17

MIDAS GOLD TO PRESENT AT PRECIOUS METALS SUMMIT AND DENVER GOLD FORUM

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that management will be attending and presenting at two upcoming investment conferences in Colorado, USA.

Precious Metals Summit, Beaver Creek, Colorado

Stephen Quin, President & CEO of Midas Gold will be providing an update on the Company’s activities at the Stibnite Gold Project in Idaho at 11:30am MT on Tuesday, September 19th. This presentation can be viewed live by clicking here: http://www.gowebcasting.com/conferences/2017/09/18/precious-metals-summit/day/2.

Denver Gold Forum, Colorado Springs, Colorado

Mr. Quin will also be presenting at the Denver Gold Forum at 10:20am MT on Wednesday, September 27th. A webcast of the presentation will be available for viewing after September 29th by clicking here:

http://www.denvergoldforum.org/dgf17/company-webcast/MAX:CN/

About Midas Gold and the Stibnite Gold Project

Guest User 9/7/17 Guest User 9/7/17

MIDAS GOLD - HIGH GRADE RESULTS FROM 2017 DRILL PROGRAM, STIBNITE GOLD PROJECT, IDAHO

MGI-17-425 intersects 3.2g/t Au, 36.1g/t Ag & 1.2% Sb (6.2g/t AuEq(2)) over 50.3m
MGI-17-426 intersects 3.2g/t Au, 3.9g/t Ag (3.4g/t AuEq(2)) over 33.5m
and 2.2g/t Au, 3.3g/t Ag & 0.14% Sb (2.6g/t AuEq(2)) over 60.1m

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today provided additional results from its 2017 drilling program at the Stibnite Gold Project, Idaho. The drilling program was designed to enhance the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”), and to undertake geotechnical testing of pit walls and infrastructure areas. Positive results from the final two holes in the resource optimization program, completed at the Hangar Flats deposit, are reported below.

Recent Assay Results – Hangar Flats Deposit, Stibnite Gold Project

Hole-IDTypeBearingInclinationTD

			(m)From

			(m)To

			(m)Width

			(m)(1)Au

			(g/t)(1)Ag

			(g/t)SbAuEq

			(g/t)(2)
MGI-17-425Core254-45.5222.535.646.210.61.390.90.011.4
and79.886.06.11.711.20.001.7
and107.3157.650.33.2236.11.226.2
including143.9157.613.74.75100.23.3312.7
and191.1203.312.22.0514.91.375.0
MGI-17-426Core258-56.0260.693.6104.210.71.741.00.001.8
and144.3177.933.53.163.90.083.4
and183.1243.260.12.233.30.142.6
including218.3241.423.13.683.40.234.2
MGI-17-427Core355-40.0107.0No significant intercepts - geotechnical hole
(1) Gold composites are generated using a 0.5 g/t Au cutoff grade. Antimony composites are generated using a 0.1% Sb cutoff grade. Composites may include intervals below cutoff grades. True widths are expected to be approximately 90-100% of the reported intercept.
(2) Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1200/oz Au, $17/oz Ag and $7600/tonne Sb and do not include recovery, transportation, refining or payability. These factors will vary for each metal, ore type and processing method and will affect the economic importance of the various metals.

These most recent results comprise assays from two HQ diameter oriented core holes totalling 483 meters (1,585 feet) drilled for infill and mineral resource conversion purposes, and a single HQ diameter core hole totaling 107 meters (351 feet) drilled for geotechnical purposes.

“Our drilling program, initiated in September 2016, continues to provide positive results that support Midas Gold’s goal of enhancing mineral resources prior to feasibility level engineering for the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “These latest intercepts from the Hangar Flats deposit further demonstrate the potential to upgrade inferred mineral resources within the PFS pit limits from a cost centre to a source of revenue. Inferred mineral resources were previously treated as development rock in the PFS project economics, as required under NI43-101. The higher-grade nature of these intercepts should provide an attractive margin if these areas are classified as mineral reserves in the feasibility study currently in process.”

Resource Optimization Drilling
The two infill holes targeted inferred mineral resources within the Hangar Flats PFS pit shell situated adjacent to former Meadow Creek Mine underground workings, which produced approximately 51,000 ounces Au at an average grade of 5.8 g/t Au between 1928 and 1938. The gold-antimony mineralization intersected in MGI-17-425 and -426 is representative of the high-grade, disseminated mineralization occurring adjacent to the underground workings that was left behind by historical operators. These two holes confirmed the continuity and structural controls of the high-grade mineralization inferred in this area, as well as the geometry of the underground levels and stopes. Both infill holes contain higher gold grades than predicted (by the PFS block model) but over slightly narrower widths. Geological models are currently being refined in preparation for updated resource estimates and feasibility study mine planning.

Geotechnical Drilling
In addition to the mineral resource enhancement drilling program, three geotechnical drill holes totalling 489 meters have been completed in the Hangar Flats deposit as part of the ongoing 2017 geotechnical drilling program. The goal of the geotechnical drilling program is to collect additional oriented core data for pit slope optimization and to complete subsurface investigations in proposed infrastructure areas. Drilling subsequently shifted from core to auger drilling for geotechnical purposes, with the auger being used to test and sample unconsolidated material in proposed infrastructure areas.

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

To view a cross section and the locations of drill holes reported in this news release, please see the figures at the end of this release.

All gold assays are by a 30g Fire Assay charge followed by an atomic absorption finish (with a 0.005g/t lower reporting limit). Samples reporting values > 6g/t gold are re-analyzed using a 30g Fire Assay charge followed by a gravimetric finish. Silver is analyzed via a 4-acid digestion followed by an ICP finish (with a 0.5g/t lower reporting limit). Samples reporting values > 10g/t silver are reanalyzed using a 50g Fire Assay charge followed by a gravimetric finish. Antimony is analyzed via a 4-Acid digestion with ICP finish with a 5g/t lower reporting limit. Samples reporting values >500g/t antimony are reanalyzed using XRF fusion. Some intervals may not add or subtract correctly due to rounding, but differences are deemed insignificant. Analyses are carried out by ALS Chemex in their Reno and Elko, Nevada and Vancouver, British Columbia laboratories. Umpire samples are routinely submitted to third party labs and blank and standard samples are inserted at appropriate intervals and used for quality assurance and quality control and a review of the results of analyses of the blanks, standards and duplicates by the Company’s Qualified Person indicates values are within normal and acceptable ranges.

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; 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, 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 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 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 6/5/17 Guest User 6/5/17

MIDAS GOLD REPORTS NOTICE OF INTENT PUBLISHED FOR STIBNITE GOLD PROJECT

Warrant Exercise Boosts Working Capital

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) on the proposed Stibnite Gold Project’s Plan of Restoration and Operations (“PRO”) was published in the Federal Register on Monday, June 5, 2017 by the United States Forest Service (“USFS”). The NOI marks the opening of the 45-day scoping period, which includes three public meetings and opportunity for the public to provide written comments to the USFS, the lead agency on the Stibnite Gold Project.

“The notice of intent represents another milestone for the Stibnite Gold Project and Midas Gold,” said Laurel Sayer, President & CEO of Midas Gold Idaho, Inc. “During the next 45-days, public participation is essential. We encourage interested parties, stakeholders and community members to share their comments, opinions and thoughts about our plan to restore and redevelop the site with the U.S. Forest Service.”

Coordinated Review Process

Before issuing the NOI, the USFS, the United States Army Corps of Engineers (“USACE”) and the Environmental Protection Agency (“EPA”) agreed to cooperate in evaluating and preparing a single EIS for the Stibnite Gold Project. As such, the Payette National Forest Office of the USFS is the lead agency, USACE will participate to ensure the EIS supports the Department of the Army under Section 404 of the Clean Water Act (“CWA”) and the EPA will participate to ensure the EIS could support a National Pollutant Discharge Elimination System (“NPDES”) Permit under Section 402 of the CWA.

“The agreement to harmonize federal reviews is a clear commitment to an efficient and timely process,” said Ms. Sayer. “Midas Gold is encouraged that the federal agencies have agreed to coordinate the permitting process under one Environmental Impact Statement. This approach ensures that every standard and requirement of the National Environmental Policy Act (“NEPA”) is adhered to while reducing time lost to redundant procedure. We believe this will lead to a better, more thorough, evaluation of the Stibnite Gold Project.”

The 45-day scoping period will run from June 5 to July 20, during which time the USFS will encourage and collect feedback from the public. Meetings for the public to learn more about the project will be held in late June in Cascade, McCall and Boise, Idaho. Officials at the USFS launched a website to collect public comments at http://www.fs.usda.gov/goto/payette/StibniteGold. Comments may also be mailed to Payette National Forest, ATTN: Forest Supervisor Keith Lannom - Stibnite Gold EIS, 500 N. Mission St. Bldg 2, McCall, ID 83638, or sent via email with a subject line reading “Stibnite Gold EIS Scoping Comment” to comments-intermtn-payette@fs.fed.us, or faxed to 1-208-634-0744.

After evaluating feedback received during the scoping period, cooperating agencies will prepare the draft EIS. Interested parties may comment again once the draft EIS is published, which is expected around Q2 2018.

Warrant Exercise

Midas Gold Corp. also announces that 99.7% of the C$0.60 warrants that were originally issued on May 20, 2015 have been exercised, resulting in proceeds to the Company of C$5.7 million. A total of 3,945,475 warrants for proceeds of C$2.4 million had been exercised prior to the Company’s last quarterly report (March 31, 2017) and the remaining 5,587,333 warrants, for proceeds of C$3.4 million were exercised subsequent to quarter end.

“We are encouraged by the continued support of our shareholders,” said Stephen Quin, President & CEO of Midas Gold Corp. “The proceeds from the exercise of the warrants will be used to advance our twin objectives of completing a feasibility study on the Stibnite Gold Project and advancing the Project through the regulatory process so that the full benefits of the proposed site restoration and redevelopment can be delivered.”

Project Background

In September 2016, Midas Gold Idaho, Inc. submitted the 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 U.S. Forest Service in December 2016.

Details of previous news releases, the PRO 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. Midas Gold Idaho, Inc. operates the project on behalf of Midas Gold Corp.’s other subsidiaries that own the mineral rights that comprise the Stibnite Gold Project.

Guest User 5/11/17 Guest User 5/11/17

MIDAS GOLD REPORTS RESULTS OF ANNUAL GENERAL MEETING

Corporate & Permitting Update; Industry Award Recognizing Community Engagement

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 11, 2017. 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 106,681,876 million common shares were represented at the AGM, or 59.12% of the votes attached to all outstanding shares at the Company’s record date of March 29, 2017. 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:

NomineeVotes ForVotes WithheldTotal Votes Cast *Percentage of Votes ForPercentage of Votes Withheld
Keith Allred76,415,746164,07076,579,81699.79%0.21%
Michael Bogert76,402,362175,45476,577,81699.77%0.23%
Victor Flores76,316,446263,37076,579,81699.66%0.34%
Marcelo Kim76,313,246266,57076,579,81699.65%0.35%
Peter Nixon76,414,462163,35476,577,81699.79%0.21%
Stephen Quin76,410,046169,77076,579,81699.78%0.22%
Donald Young76,415,062164,75476,579,81699.78%0.22%

* 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, 2017 (99.44% voted in favour).

The Company’s shareholders also approved and ratified the Company’s 2011 Evergreen Incentive Stock Option Plan as required every three years under the policies of the TSX (97.15% 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. Previously announced positive results from recently completed metallurgical testing and resource optimization drilling will be incorporated into the ongoing feasibility study. Mr. Quin also noted that, since the filing of the Plan of Restoration and Operations (“PRO”) in September 2016, the US Forest Service has declared the PRO administratively complete, has hired a project manager and selected a third-party contractor and, yesterday, announced that public scoping for the upcoming review process may be undertaken in local communities in the fourth week of May 2017. During this scoping period, the public will have the opportunity to provide input regarding the project, as described in the PRO, prior to the US Forest Service undertaking its analysis and consideration of alternatives under the National Environmental Policy Act.

Midas Gold Awarded Corporate Investment and Community Impact (CiCi) Award

Trade & Industry Development Magazine has announced that Midas Gold Idaho is the recipient of a Corporate Investment and Community Impact (“CiCi”) award in the ‘Community Impact Division’. “This is a great acknowledgement of our efforts in the community and vision for the future,” said Laurel Sayer, President of Midas Gold Idaho, Inc. Nomination of Midas Gold Idaho for the CiCi award was submitted by the Idaho Department of Commerce and West Central Mountains Economic Development Council (“WCMED”) in recognition of Midas Gold Idaho’s robust community engagement programs that include over US$230,000 in corporate giving to community programs, schools and sponsorships, and over 1,800 staff volunteer hours since 2013. Midas Gold joined General Motors, Microsoft, Amazon, Charles Schwab and others in receiving an award in the Community Impact Division.

“The thirty companies represented in the 2017 CiCi Awards have committed to economic development that not only will bring extraordinary capital investment to the communities in which they will locate, but will have an extraordinarily positive impact on those communities, most notably those included in the Community Impact category,” commented Scott D. Swoger, publisher of Trade & Industry Development and president of its parent company Due North Media. The CiCi Awards are unique in that, in addition to commemorating the largest capital investments for development or expansion announced within a designated year, they equally recognize projects for the positive, often transformational, impact they will have on a community, regardless of the amount of money invested by the corporation.”

Guest User 4/18/17 Guest User 4/18/17

U.S. FOREST SERVICE SELECTS AECOM TO EVALUATE MIDAS GOLD’S PROPOSED STIBNITE GOLD PROJECT

Midas Gold Complements its Project Leadership Team with Recent Appointments

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the United States Forest Service (“U.S. Forest Service”) has selected AECOM to assist the agency in evaluating Midas Gold’s proposed Stibnite Gold Project. In addition, Midas Gold announced its recent appointments of Alan Haslam as Director of Permitting and Mckinsey Lyon as Director of Public Affairs, complementing its leadership team with additional permitting and public relations expertise.

“The selection of AECOM as contractor to the U.S. Forest Service and recent senior management appointments represent continuing progress in the advancement of the Stibnite Gold Project following the filing of Midas Gold’s Plan of Restoration and Operations,” said Stephen Quin, President & CEO of Midas Gold Corp. “Our expanded management team looks forward to working with AECOM in advancing the review of the project, which envisions restoration of a brownfields site in conjunction with the redevelopment of a modern mining operation that is protective of the environment and provides economic and employment benefits to Valley County, Idaho and the United States of America.”

About AECOM

AECOM, a fully integrated global infrastructure firm with staff in Boise and McCall, Idaho, will work directly under the supervision of the U.S. Forest Service to assist with the regulatory review process for the Stibnite Gold Project. This partnership, as outlined in a Memorandum of Agreement (“MOA”) between the U.S. Forest Service and Midas Gold Idaho, Inc., is intended to lower the cost of the review process to the public and ensure an efficient and timely review. AECOM was chosen by the U.S. Forest Service after reviewing proposals from several qualified candidates.

“Midas Gold is pleased that the U.S. Forest Service selected a partner with world-class expertise, broad experience and the robust capabilities to assist with the Stibnite Gold Project review so that it is undertaken in a comprehensive, thorough and timely manner, and incorporates community and stakeholder input,” said Laurel Sayer, President & CEO of Midas Gold Idaho, Inc. “We are encouraged by the experience, innovative approach, and qualifications AECOM brings to the table.”

AECOM brings an Idaho-led team of experts in the National Environmental Policy Act (“NEPA”) process and specialists who are experienced in stream restoration, fisheries, biological, physical and social resources. The AECOM team also includes Watson Environmental, Ecosystem Sciences, and ERM as subcontractors for various specialized aspects of the review process for the project.

As a contractor to the U.S. Forest Service, AECOM will assist the agency in the technical review of the Stibnite Gold Project and will aid the U.S. Forest Service so that NEPA procedures and reviews are adhered to and the process is timely and transparent. With AECOM on board as its contractor, the U.S. Forest Service will commence preparing the Environmental Impact Statement (“EIS”) for the Stibnite Gold Project, which is a requirement under NEPA. The next step is for the U.S. Forest Service to publish a Notice of Intent in the Federal Register, signaling the agency’s intent to prepare the EIS and initiating a 30-day scoping period.

Additions to Midas Gold Leadership Team

Alan Haslam joined Midas Gold Idaho, Inc. as Director of Permitting and is leading the permitting effort for the Stibnite Gold Project. Mr. Haslam was previously Director of Mining for Agrium U.S. Inc. where he permitted several operations, including the open pit Rasmussen Valley Mine, which received a final Record of Decision in January 2017. Mr. Haslam has more than 28 years of regulatory, permitting and operational experience with mines and projects in the US and Canada.

Mckinsey Lyon joined Midas Gold Idaho, Inc. as Director of Public Affairs. Ms. Lyon, most recently a partner at Gallatin Public Affairs, brings with her significant experience in building public support for mining and other large-scale projects in Idaho. Through Gallatin, Ms. Lyon has been involved with Midas Gold and the Stibnite Gold Project for the past five years, assisting with developing community and government relations.

“Achieving the timeline announced by the U.S. Forest Service for the Stibnite Gold Project requires a dedicated team focused on ensuring that a detailed and comprehensive review is completed in a timely manner,” said Stephen Quin, President & CEO of Midas Gold Corp. “Mr. Haslam brings proven ability to navigate the federal and Idaho regulatory processes, while Ms. Lyon brings a deep understanding of Idaho politics, extensive experience in community engagement, and a record of success on similar projects. These additions complement our already experienced and knowledgeable leadership team at Midas Gold that has been successfully advancing the project over the past several years.”

Stibnite Gold Project Background

In September of 2016, Midas Gold Idaho, Inc. submitted its Plan of Reclamation 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 U.S. Forest Service in December 2016.

About Midas Gold and the Stibnite Gold Project

FORWARD-LOOKING INFORMATION

Stoltz 4/3/17 Stoltz 4/3/17

MIDAS GOLD COMMENCES FEASIBILITY STUDY FOR ITS STIBNITE GOLD PROJECT, IDAHO

Feasibility Study targeted for completion in Q3 2018

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today provided an update on the Feasibility Study (“FS”) to be carried out on its Stibnite Gold Project (“Project”), which is located in Idaho, USA. M3 Engineering & Technology Corp. (“M3”) has been awarded a contract to lead the FS. Additional FS support will be provided by Blue Coast Metallurgy Ltd., Tierra Group International Ltd., SRK Consulting, Kirkham Geosystems Ltd., STRATA, and others, as necessary. The target completion date for the FS is Q3 2018, which parallels the advancement of the regulatory process for mine development.

“The commencement of a definitive Feasibility Study for Midas Gold’s Stibnite Gold Project represents another milestone in the advancement of this important gold-antimony development project in Idaho,” said Stephen Quin, President & CEO of Midas Gold Corp. “The objective for the study is to optimize design and costs for the restoration, redevelopment, operation and closure of this brownfields, heavily impacted former mine site. As laid out in the Plan of Restoration and Operations filed with the U.S. Forest Service in 2016, Midas Gold has fully integrated and incorporated its plans to ‘Restore the Site’ by addressing a century of legacy impacts from prior mining-related activities into the redevelopment of the area as a modern mining operation that prioritizes protection of the environment, allows salmon migration to the headwaters of a branch of the Salmon River for the first time since the 1930s, delivers employment and economic benefits to the region and leaves behind a sustainable ecosystem.”

Feasibility Study

With the Prefeasibility Study (“PFS”) and Plan of Restoration and Operations (“PRO”) complete and the regulatory process for permitting of a mine underway (see news release dated March 28, 2017), Midas Gold has initiated the FS, to be completed concurrent with environmental permitting. The focus of the FS is on optimizing the Project to maximize financial returns based on current metal price conditions and ongoing work being completed in support of the FS that began in mid-2016. Ongoing work, including the mineral resource optimization drilling program (see news release dated March 30, 2017) and metallurgical testing program (see news release dated February 14, 2017) will be incorporated into the FS. With the results of the recently reported mineral resource optimization drilling program now available, geological modelling has commenced; updated geological models will not only incorporate the results of this recent drilling, but will also include detailed geological and structural data from re-logging of prior Midas Gold drilling, additional assays collected from previously drilled holes, plus additional legacy technical data recovered subsequent to the completion of the PFS. These new geological models will be used as the basis for updated mineral resource estimates to be completed over the next several months. Metallurgical testing to support the FS continues, primarily focused on pressure oxidation of concentrates and subsequent gold recovery, and is scheduled to be completed in Q3 2017. Geotechnical field work in support of the FS is also currently in progress and expected to continue through Q1 2018. Additional field and desk top studies will also be undertaken in support of the FS.

M3 Engineering

M3 is a privately held architecture, engineering, and construction management firm founded in 1986 in Tucson, Arizona providing continuous design and construction services from project conception to final testing and integration. M3 was the lead consultant for the PFS completed on the Stibnite Gold Project, the results of which were announced on December 15, 2014. M3 offers a diverse field of services to a broad international client base with offices in Arizona, North Carolina, Mexico, Argentina, Peru and is incorporated in Guatemala, Chile and Canada. M3 has recently completed engineering, procurement and construction management (“EPCM”) contracts for the Haile gold mine development in South Carolina and the Morelos gold mine in Guerrero, Mexico, both of which mine developments were based on NI 43-101 Feasibility Studies completed by M3. M3 also recently completed the EPCM for the Buenavista copper mine in Cananea, Mexico.

Additional Information

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

Quality Control and Quality Assurance

About Midas Gold and the 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, 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 results of the updated geological model and mineral resource estimates; the timing and results of the planned geotechnical programs and ongoing metallurgical testing, as well as other technical studies being undertaken; the timing and results of the planned feasibility study and all the input prices used therein including, but not limited to, the prices of gold, silver and antimony, the prices of equipment and consumables, and the cost and availability of labour; outcomes of the regulatory process for the development of a mine on the Stibnite Gold Project. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential”, “confirm” or “does not anticipate”, “believes”, “contemplates”, “recommends” 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, 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 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 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 3/30/17 Guest User 3/30/17

MIDAS GOLD REPORTS FINAL RESULTS FROM 2016-17 WINTER DRILL PROGRAM, STIBNITE GOLD PROJECT, IDAHO

MGI-17-423 intersects 2.5g/t Au, 6.3g/t Ag & 0.55% Sb over 194m (3.6g/t AuEq(2))
including 3.0g/t Au, 24.0g/t Ag & 3.08% Sb over 32m (9.4g/t AuEq(2))
MGI-17-424 intersects 2.5g/t Au, 5.7g/t Ag & 0.47% Sb over 180m (3.5g/t AuEq(2))

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced the final results from its 2016-2017 mineral resource optimization drilling program at the Stibnite Gold Project, Idaho. The drilling program’s objectives were designed to enhance the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”), and the program has delivered overall positive results. Highlights for the last two holes in the program, completed at the Yellow Pine deposit, are reported below with complete results for the program tabulated at the end of this news release.

Highlights of Recent Assay Results – Yellow Pine Deposit, Stibnite Gold Project

Hole-IDTypeFrom

			(m)To

			(m)Width

			(m)(1)Au

			(g/t)(1)Ag

			(g/t)Sb

			(%)AuEq

			(g/t)(2)
MGI-17-423Core2.1195.7193.62.466.30.553.63
including156.1188.032.03.0424.03.089.44
MGI-17-424Core35.1214.6179.52.455.70.473.45
including140.8168.327.43.9320.61.116.42

(1) Gold composites are generated using a 0.5 g/t Au cutoff grade. Antimony composites are generated using a 0.1% Sb cutoff grade. Composites may include intervals below cutoff grades.
(2) Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1,200/oz Au, $17/oz Ag and $7,600/tonne Sb and do not include recovery, transportation, refining or payability. These factors will vary for each metal and affect the economic importance of the various metals.

The winter drilling program consisted of fourteen HQ diameter oriented core holes totalling 2,224 meters (7,296 feet). Of these, thirteen holes were drilled in the Yellow Pine deposit area and one at Hanger Flats. Four holes contain significantly higher gold grades than predicted (by the PFS block model) and six holes contain moderately higher gold grades than predicted, and as previously announced, included the best hole ever reported by Midas Gold on the Stibnite Gold Project. In general, antimony grades in the central and southern portions of the Yellow Pine deposit exceeded expectations. “The mineral resource enhancement core drilling program, completed by our team between September 2016 and February 2017, has provided very encouraging results that support Midas Gold’s goal of enhancing the mineral resources at the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “These results will now be evaluated and, along with additional detailed geological and structural information collected from these and re-logged earlier holes, incorporated into an updated mineral resource for the Yellow Pine deposit in the coming months.”

Summary of Program Objectives & Results

As reported on August 23, 2016, the drilling program focused on a number of objectives based on recommendations contained in the 2014 PFS that outlined opportunities that had the potential to enhance Project financial returns, extend Project life and de-risk the projected production. These opportunities included:

1. Better defining the shallow, high grade mineralization in the core of the Yellow Pine deposit;

2.Conversion (through additional drilling) of inferred mineral resources located within the PFS mineral reserve pits into indicated mineral resources and mineral reserves;

3.Conversion (through additional drilling) of inferred mineral resources located outside, but immediately adjacent to, the PFS mineral reserve pits into indicated mineral resources and mineral reserves; and

4.Advancing current prospects that carry no mineral resource at present towards defining mineral resources with the objective of increasing payable gold and Project NPV.

The first two objectives were successfully met and the third and fourth objectives were only partially met as successful drill results in the earlier part of the drill program warranted additional focus in the areas beneath the former open pit at Yellow Pine. Additional drilling may be conducted at a later date to advance all of these objectives, including at the other deposits that comprise the Stibnite Gold Project.

Central Yellow Pine Area

The two most recently completed holes, MGI-17-423 and MGI-17-424, the last holes of the winter program, were completed in the Central Yellow Pine area and the results are reported herein. MGI-17-423 was drilled adjacent to and sub-parallel to holes -414, -421, & -422 (the results for which were previously reported on November 30, 2016 and February 23, 2017), in a broad drill fan, oriented to the southwest to intersect west-northwest and east-west trending, northerly dipping silica-sulphide vein systems and silica-sulphide breccia’s at angles appropriate to test true thickness and to validate legacy drill data. Hole MGI-17-423 intersected 194m averaging 2.46g/t Au, 6.3g/t Ag and 0.55% Sb, including 32m averaging 3.04g/t Au, 24.0 g/t Ag and 3.08% Sb. MGI-17-424 was located on a bench in the northwest portion of the historical open pit and was oriented to the southeast at a shallow angle to confirm and expand on gold and antimony mineralization under the historical open pit in an area with little modern era drilling data. The hole intersected 180m averaging 2.5g/t Au, 5.7 g/t Ag and 0.47% Sb. The intercept was slightly shorter, but slightly higher gold grade than the PFS mineral resource estimate. The broad zones of antimony-rich sheeted veins and breccias beneath the former open pit are continuous between holes completed in this program and provide increased confidence in controls on high grade mineralization.

South Yellow Pine Area

Holes MGI-16-418 and MGI-16-419 were drilled in the southeastern portion of the Yellow Pine deposit to follow up on two fences of successful 2012 and 2013 drill holes located to the northeast of 2016 holes MGI-16-418 and MGI‑16‑419 and successfully cut mineralization (the results of which were previously reported on February 23, 2017). MGI-16-418 returned approximately 30% higher gold grades over an approximately 15% longer width, but with slightly lower antimony grades than anticipated. MGI-16-419 returned gold grades twice those anticipated, but over 60% of the expected width.

Monday Tunnel Area

Two holes, MGI-16-415 and MGI-16-416, were completed in the Monday Tunnel area, located southwest of the southern rim of the former open pit (the results of which were previously reported on February 23, 2017), with MGI‑16‑415 successfully intersecting the target zone cutting substantially higher grade gold, antimony and silver than predicted from 1940s legacy underground drilling in the area, with the second hole terminated short of the target zone.

Northwest Yellow Pine – Homestake Area

Two holes, MGI-16-411 and MGI-16-412, both intersected significantly higher than anticipated grades as compared to the PFS mineral resource block model and extended a higher-grade trend approximately 100m northeast and remains open along strike (the results of which were previously reported on November 21, 2016).

Northeast Yellow Pine – Homestake Area

A single exploration hole, MGI-16-413, targeted shallower mineralization encountered in adjacent Midas Gold and legacy operator holes in metasediments adjacent to the Meadow Creek Fault Zone. As previously reported on November 21, 2016, this hole intersected quartz veining below the fault but only anomalous gold values were encountered. The complex interaction of structure and stratigraphy in this area make targeting challenging and the potential of this area will be re-evaluated in the future.

Hangar Flats

Hole MGI-16-420 targeted an area of inferred resources on the east flank of the Hangar Flats deposit away from the primary mineralizing structure, the Meadow Creek Fault Zone (the results of which were previously reported on February 23, 2017). The hole, although altered throughout, cut only low grade mineralization, below cut-off grade, averaging 0.21 g/t Au from the collar to the end of the hole.

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

To view a cross section and the locations of drill holes reported in this news release, please see figures at the end of the release.

Sampling Procedures, Quality Control and 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 (“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 activities at the Stibnite Gold Project were carried out under the supervision of Richard Moses, C.P.G., Qualified Person and Field Operations Manager for the Stibnite Gold Project. T&J Enterprises, Inc. of Frenchtown MT was contracted for drilling utilizing an AR-65 core drill with HQ3 core with a diameter of 61.1 mm (2-1/2”). All holes, with the exception of one vertical hole, totaling 101.6 meters (333.3 feet), were drill oriented using an ACT III core orientation tool from International Directional Services; LLC of Chandler AZ. Drilling was conducted 24-hours/day using two shifts each with a 3-person crew (driller, drill helper, mud-man). Shifts were scheduled of 20 days on followed by 10 days off. Core was photographed in the core barrel split inner tube, marked for orientation and discontinuities measured at the drill site and then recovery and RQD were measured, and logged for rock lithology, alteration, mineralization, and structure. The core was boxed, photographed in the core box, with sample intervals selected on approximately 1.52 meter (5 foot) intervals, which were then marked for cutting and sampled. One half the core was collected for assay and the second half retained in the core box for archival purposes.

About Midas Gold and the 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, 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; 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 “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential”, “confirm” or “does not anticipate”, “believes”, “contemplates”, “recommends” 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, 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 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 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.

Summary of 2016-2017 Drill Assay Results – Yellow Pine (YP) & Hangar Flats (HF) Deposit, Stibnite Gold Project

Hole-IDAreaCollar

			AzimuthCollar

			DipTD

			(m)From

			(m)To

			(m)Width

			(m)(1)Au

			(g/t)(1)Ag

			(g/t)Sb

			(%)AuEq

			(g/t)(2)
MGI-16-411YP186-45182.940.557.917.40.821.10.000.84
and74.782.37.60.420.70.000.43
and118.7153.935.23.100.70.003.11
MGI-16-412YP158-45135.654.964.09.10.360.60.000.37
and86.8109.722.94.702.10.155.03
MGI-16-413YP180-35106.2No significant intercepts
MGI-16-414YP215-28227.70.0200.3200.32.253.20.132.55
MGI-16-415YP155-35170.762.5105.242.73.1210.70.494.25
and108.2114.36.10.9968.73.498.85
MGI-16-416YP170-30149.4No significant intercepts
MGI-16-417YP128-45189.30.0122.5122.52.218.00.463.22
MGI-16-418YP270-3576.217.962.544.62.019.40.593.30
MGI-16-419YP300-35121.340.144.54.50.670.51.824.27
and54.372.518.32.4716.91.245.15
and84.5100.015.51.380.70.001.39
MGI-17-420HF0-90101.6No significant intercepts
MGI-17-421YP195-28239.61.5218.2216.73.246.10.303.91
MGI-17-422YP199-3173.8Metallurgical hole, not assayed
MGI-16-423YP208-27228.62.1195.7193.62.466.30.553.63
MGI-16-424YP163-31221.035.1214.6179.52.455.70.473.45

Guest User 3/28/17 Guest User 3/28/17

U.S. FOREST SERVICE BEGINS ANALYSIS OF MIDAS GOLD’S STIBNITE GOLD PROJECT

Draft Record of Decision Expected in 2018 and the Final in early 2019

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that the United States Forest Service (“U.S. Forest Service”) has begun its analysis, under the National Environmental Policy Act (“NEPA”), of Midas Gold Idaho, Inc.’s proposed plan of restoration and operations (“PRO”) for the Stibnite Gold Project in Valley County, Idaho. The U.S. Forest Service stated that it expects to produce a draft Record of Decision in 2018 and a final Record of Decision in the first quarter of 2019.

“After years of planning and working with the communities of Valley County, we are confident in the plan of restoration and operations we submitted to the U.S. Forest Service,” said, Laurel Sayer, President and CEO of Midas Gold Idaho, Inc. “Our approach to designing the plan, where the environment and mining can work together to restore an abandoned historic mine site and provide economic opportunity, sets the Stibnite Gold Project apart. The timeline and process outlined by the U.S. Forest Service ensures that every detail and standard of the NEPA regulatory review process is followed while also incorporating the views and input of interested and affected parties and the public.”

U.S. Forest Service officials have created a website (http://www.fs.usda.gov/goto/payette/StibniteGold) for the Stibnite Gold Project, where interested parties may find information, review the PRO, follow the process and submit comments. Interested and affected parties may comment during the public scoping period (anticipated to occur in Q2 2017) and again on the Draft Environmental Impact Statement, which is anticipated to be published in Q1 2018. As required by NEPA, the U.S. Forest Service will announce comment periods by publishing a Notice of Intent or Notice of Availability, as applicable, in the Federal Register.

“This announcement by the U.S. Forest Service signals the beginning of the official regulatory review process for the Stibnite Gold Project and indicates that we can expect a timely process and decision,” said Stephen Quin, President and CEO of Midas Gold Corp. “Under the leadership of the U.S. Forest Service, we are committed to ensuring that our project receives a thorough, fair and timely evaluation, with ample opportunity for interested parties to get involved in the review process. We look forward to working with the regulators, interested and affected parties, and the public to finalize a plan to restore the site and bring economic benefits to Valley County and Idaho.”

The next step in the permitting process is for the U.S. Forest Service to publish a Notice of Intent in the Federal Register and launch the 30-day public scoping period.

PROJECT BACKGROUND:

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. Midas Gold Idaho, Inc. operates the project on behalf of Midas Gold Corp. and its other subsidiaries that own the mineral rights that comprise the project.

Forward-Looking Information

Guest User 2/23/17 Guest User 2/23/17

MIDAS GOLD'S BEST HOLE EVER REPORTED AT THE STIBNITE GOLD PROJECT, IDAHO

MGI-17-421 intersects 3.2g/t Au, 6.1g/t Ag & 0.3% Sb over 217m (3.9g/t AuEq(2))
including 5.7g/t Au, 26.7g/t Ag & 1.3% Sb over 21m (8.6g/t AuEq(2))

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced additional results from its ongoing mineral resource optimization drill program at the Stibnite Gold Project, Idaho. The drilling program has multiple goals relating to enhancing the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”), and continues to deliver positive results. Assay results have been received for three additional drill holes completed at the Yellow Pine deposit and a fourth drill hole completed in the Hangar Flats area. Highlights of the drill holes are tabulated below, while complete results are attached at the end of this news release.

Highlights of Recent Assay Results – Yellow Pine Deposit, Stibnite Gold Project

Hole-ID	Type	From	To	Width	Au	Ag	Sb	AuEq
Hole-ID	Type	(m)	(m)	(m)(1)	(g/t)(1)	(g/t)	(%)	(g/t)(2)
MGI-16-418	Core	17.9	62.5	44.6	2.01	9.4	0.59	3.30
including		33.5	59.3	25.8	2.66	15.6	1.01	4.86
MGI-16-419	Core	54.3	72.5	18.3	2.47	16.9	1.24	5.15
MGI-17-421	Core	1.52	218.2	216.7	3.24	6.1	0.30	3.91
including		62.5	73.2	10.7	4.66	3.7	0.01	4.72
including		102.1	113.1	10.9	4.40	2.5	0.00	4.44
including		128.3	149.7	21.3	5.67	26.7	1.32	8.64
Gold composites are generated using a 0.5 g/t Au cut-off grade. Antimony composites are generated using a 0.1% Sb cut-off grade. Composites may include intervals below cut-off grades.
Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1200/oz Au, $17/oz Ag and $7600/tonne Sb and do not include recovery, transportation, refining or payability. These factors will vary for each metal and affect the economic importance of the various metals.
All holes are core holes.

“The latest assay data from our ongoing drill campaign at Yellow Pine continues to provide positive results that support Midas Gold’s goal of enhancing the mineral resource at the Stibnite Gold Project,” said Stephen Quin, President & CEO of Midas Gold Corp. “Hole MGI-16-421 is the best hole ever reported by Midas Gold from its drilling at the Stibnite Gold Project and occurs at shallow depths within the limits of the 2014 preliminary feasibility study mineral reserve pit limits.” Results from two additional drill holes from 2017 drilling are pending, and one additional drill hole is being drilled before the current campaign is completed for the season.

Central Yellow Pine Area
Hole MGI-17-421 was collared adjacent to the collar of hole MGI-16-414 (the results of which were reported November 30, 2016) and oriented to the southwest to intersect west-northwest to east-west trending, northerly-dipping silica-sulfide vein systems and silica-sulfide breccias at angles appropriate to test their true thickness and to validate legacy drill data from previous operators. These distinctive structural and alteration features, recognized by Midas Gold staff, typically host higher grade gold-antimony (Au-Sb) mineralization in the central areas of the Yellow Pine deposit. Prior drill hole orientations have been focused on optimal orientations for the majority of the gold mineralization but are less than ideal to properly evaluate these important mineralized trends for antimony (and related gold-silver). Hole MGI-17-421 intersected 216.7m averaging 3.24 g/t Au and 0.30% Sb and, along with the previously reported hole MGI-16-414, targeted an area directly below the former historic open pit and underground mining area. The highest-grade portions of hole MGI-17-421 are located between the “A-B” and “C” structures, below where the bulk of historical production occurred and where there was limited modern drilling data. Historical drill data suggested potential for this area to contain significant high grade gold and antimony mineralization and the gold grades in MGI-17-421 were approximately 7% higher than predicted by the PFS block model. Vein arrays and silica-sulfide breccia body orientations, as measured from oriented core, indicate the reported intervals are near true thickness.

Drill hole MGI-17-422, was drilled sub-parallel to MGI-17-421 to a depth of 74m to collect whole core for potential metallurgical comminution testing and will be assayed at a later date.

South Yellow Pine Area
Holes MGI-16-418 and MGI-16-419 were drilled in the southeastern portion of the Yellow Pine deposit to establish continuity of the high-grade silica-sulfide breccia corridor intersected in previous Midas Gold drill holes MGI-12-228, MGI-12-231, MGI-12-337, MGI-12-339, MGI-13-390 and MGI-13-391. The earlier drilling encountered good grades of gold and antimony mineralization within a more tightly constrained zone than were indicated in the legacy exploration drill data. Similarly, MGI-16-418 returned approximately 30% higher gold grades over an approximately 15% longer width, but with slightly lower antimony grades than were anticipated (based on the legacy drilling and PFS block model). The same silica-sulfide breccia corridor was intersected in MGI-16-419 which returned grades twice those anticipated, but over 60% of the expected width. Post-mineralization strike-slip faulting is present in this portion of the deposit and may have cut off mineralization in the drillhole. Geologic interpretations, based on this additional drilling and the use of oriented core are improving the structural interpretations and reducing risk for this key area of the Yellow Pine deposit.

Hangar Flats
Hole MGI-16-420 targeted an area of inferred resources on the east flank of the Hangar Flats deposit. Severe winter weather conditions, deep snow and steep slopes limited access to much of the Hangar Flats area, but this site was accessible and tested. The hole was drilled to test an alternative interpretation targeting mineralization occurring in the hanging wall of a north-easterly splay structure but cut only low grade mineralization averaging 0.24 g/t Au from the collar to hole bottom. Mineralization in this area is now known to occur only within the northerly striking Meadow Creek Fault Zone corridor. Additional drilling planned for Hangar Flats, focused on deeper but higher grade gold-antimony mineralization on the southeast side of the deposit has been deferred due to (a) winter conditions and (b) as drilling was re-prioritized into following up on excellent results from the 2016/17 drilling at Yellow Pine.

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

To view a cross section and the locations of drill holes reported in this news release, please see the figures at the end of this release.

Sampling Procedures, Quality Control and 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 (“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 activities at the Stibnite Gold Project were carried out under the supervision of Richard Moses, C.P.G., Qualified Person and Field Operations Manager for the Stibnite Gold Project. All gold assays are by a 30g Fire Assay charge followed by an atomic absorption finish (with a 0.005g/t lower reporting limit). Samples reporting values > 6g/t gold are re-analyzed using a 30g Fire Assay charge followed by a gravimetric finish. Silver is analyzed via a 4-acid digestion followed by an ICP finish (with a 0.5g/t lower reporting limit). Samples reporting values > 10g/t silver are reanalyzed using a 50g Fire Assay charge followed by a gravimetric finish. Antimony is analyzed via a 4-Acid digestion with ICP finish with a 5g/t lower reporting limit. Samples reporting values >500g/t antimony are reanalyzed using XRF fusion. Some intervals may not add or subtract correctly due to rounding, but differences are deemed insignificant. Analyses are carried out by ALS Chemex in their Reno and Elko, Nevada and Vancouver, British Columbia laboratories. Umpire samples are routinely submitted to third party labs and blank and standard samples are inserted at appropriate intervals and used for quality assurance and quality control and a review of the results of analyses of the blanks, standards and duplicates by the Company’s Qualified Person indicates values are within normal and acceptable ranges.

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, 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 further drill results; 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 “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates”, “potential”, or “does not anticipate”, 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, 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 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 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.

Summary Drill Assay Results – Yellow Pine (YP) & Hangar Flats (HF) Deposits, Stibnite Gold Project

	Area	Collar	Collar	TD	From	To	Width	Au	Ag	Sb	AuEq
	Area	Azimuth	Dip	(m)	(m)	(m)	(m)(1)	(g/t)(1)	(g/t)	(%)	(g/t)(2)
MGI-16-418	YP	270	-35	76.2	17.9	62.5	44.6	2.01	9.4	0.59	3.30
including					33.5	59.3	25.8	2.66	15.6	1.01	4.86
MGI-16-419	YP	300	-35	121.3	40.1	44.5	4.5	0.67	0.5	1.82	4.27
and					54.3	72.5	18.3	2.47	16.9	1.24	5.15
and					84.5	100.0	15.5	1.38	0.7	0.00	1.39
MGI-17-420	HF	0	-90	101.6	Anomalous Au & Sb only
MGI-17-421	YP	195	-28	239.6	1.52	218.2	216.7	3.24	6.1	0.30	3.91
including					62.5	73.2	10.7	4.66	3.7	0.01	4.72
including					102.1	113.1	10.9	4.40	2.5	0.00	4.44
including					128.3	149.7	21.3	5.67	26.7	1.32	8.64
MGI-17-422	YP	199	-31	73.8	Metallurgical hole, not assayed
Gold composites are generated using a 0.5 g/t Au cut-off grade. Antimony composites are generated using a 0.1% Sb cut-off grade. Composites may include intervals below cut-off grades.
Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1200/oz Au, $17/oz Ag and $7600/tonne Sb and do not include recovery, transportation, refining or payability. These factors will vary for each metal and affect the economic importance of the various metals.
All holes are core holes.

Guest User 2/14/17 Guest User 2/14/17

MIDAS GOLD REPORTS FAVOURABLE METALLURGICAL TEST RESULTS FOR ITS STIBNITE GOLD PROJECT, IDAHO

Reduced Reagent Consumption, Coarser Grind, Higher Antimony Concentrate Grades
& Higher Gold Flotation Recoveries

VANCOUVER, BRITISH COLUMBIA – Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today provided an update on the feasibility-level metallurgical testing program being carried out on its Stibnite Gold Project (“Project”), which is located in Idaho, USA. This work is an important foundation for the planned feasibility study (“FS”) for the Project. The metallurgical testing program, being conducted at several laboratories in the Vancouver, B.C. area, is being coordinated by Blue Coast Metallurgy Ltd. (“Blue Coast”) under the guidance of a team of metallurgical experts working with Midas Gold’s technical staff.

Program Objectives
The current metallurgical testing program is designed to achieve the following objectives:

Enhanced economics for the Project by reducing capital and operating costs, improving the antimony concentrate grade, and improving gold flotation recoveries as compared to those reported in the December 2014 prefeasibility study (“PFS”); and

Geo-metallurgically model the projected metallurgical response (throughput and recoveries) spatially across the different mineral deposits. A robust geo-metallurgical model would further reduce metallurgical risk to the Project and may create opportunities to enhance overall Project economics.

Metallurgical Testing Program
To date, the focus of the testing has been on optimisation of the grinding and flotation stages of the Project. This work has utilized composites comprising 237 intervals from 29 drill holes, and was designed to create composites that closely represent (by grade, lithology, and spatial distribution) the expected mix of ore through the first 3 years of the projected production as detailed in the PFS. As such, these composites are the most representative metallurgical composites of likely ore in the early years created for the Project testing programs to date.

Results to Date
Based on the flotation and grinding work completed to date, several encouraging results have been achieved:

Reagent dosages and overall consumption of flotation reagents have been significantly reduced without negatively affecting metallurgical performance. This should translate into reduced life-of-mine operating costs as compared to the doses used in the PFS, estimated in the range of US$20-30 million based on assumptions in the PFS.

The target primary grind has been coarsened from 75 to 85 microns without negatively affecting metallurgical performance. This should result in reductions in both capital and operating costs as compared with the primary grind size employed in the PFS.

Antimony concentrate grades have been improved. In the case of the Yellow Pine deposit, antimony concentrate grades are projected to increase from 59% antimony by weight in the PFS to 63-65%, with similar overall antimony recoveries, while gold losses to the antimony concentrate have been reduced, increasing overall payable gold recoveries for the Project as compared to the PFS. Higher antimony concentrate grades would reduce concentrate shipping costs and enhance the marketability of the concentrate, which should lead to more favourable contractual rates from buyers.

Overall reported gold flotation recoveries have increased. Based on tests using the enhanced processing conditions, gold flotation recoveries for the Yellow Pine and Hangar Flats deposits have been several percentage points higher as compared to the PFS. Materials from the West End deposit have not been sufficiently tested to confirm that the increased gold flotation recovery trend applies to that deposit.

“The results of the metallurgical optimization test work completed to date on our Stibnite Gold Project are encouraging,” said Stephen Quin, President & CEO of Midas Gold Corp. “This test work represents one of a number of avenues for enhancing Project economics that we are pursuing. Other avenues include the mineral resource optimization drill program currently in process and optimizing development rock storage, as well as the balance of the metallurgical test program still to be completed.”

Next Steps
Test work to optimise the grinding and flotation circuits is nearly complete, and attention is now moving to the pressure oxidation and downstream hydrometallurgical circuits. The aim of this next stage of test work is to enhance Project economics, largely through a combination of reduced projected capital and operating costs as compared to the PFS. This work, which includes piloting of both the mineral processing and autoclave stages of the Project plus considerable batch testing to support process design, is expected to be complete by mid-2017.

Geo-Metallurgical Modelling
A detailed geo-metallurgical program is underway to model the potential variability in metallurgical performance in the process. Project geologists and metallurgists are collaborating closely to establish how the expected process response of all mineralised material within mineral resources can be modelled spatially by comparing various rock types, alteration styles and geochemical analyses with metallurgical performance. Ultimately, this modelling should support the projection of throughput and metallurgy for every block in the mineral resource and mine plan. This modelling is expected to both reduce metallurgical risk to the Project and open the opportunity for development of a mine plan that, where possible, exploits optimal metallurgical performance early in the life of the Project.

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.

Quality Control and 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 (“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 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.

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 enhancing metallurgical performance including recoveries, reagent consumption, grind size and antimony concentrate grades. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential”, “confirm” or “does not anticipate”, “believes”, “contemplates”, “recommends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might”, “be achieved”. In preparing the Forward-Looking Information in this news release, the Corporation has applied several material assumptions, including, but not limited to, that the results of metallurgical test programs will be reflected in the scale up to commercial operations; 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 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; changes in and the predictability of metallurgical performance, 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 1/23/17 Guest User 1/23/17

MIDAS GOLD RESUMES RESOURCE OPTIMIZATION DRILLING AT ITS STIBNITE GOLD PROJECT, IDAHO

MGI-16-415 intersects 3.1g/t Au, 10.7g/t Ag & 0.49% Sb over 42.7m (4.2g/t AuEq(3))
MGI-16-417 intersects 2.2g/t Au, 8.0g/t Ag & 0.46% Sb over 122.5m (3.2g/t AuEq(3))

VANCOUVER, BRITISH COLUMBIA - Midas Gold Corp. (MAX:TSX / MDRPF:OTCQX) today announced that it has resumed its resource optimization drill program at the Stibnite Gold Project, Idaho. In addition, Midas Gold reported results from holes completed in late 2016 as part of this program, which has the goal of improving, expanding and de-risking the mineral resources defined in the December 2014 preliminary feasibility study (“PFS”) before commencing a feasibility study (“FS”); all three of these goals were achieved with these latest results.

Assay results have been received for two drill holes completed at the southern end of the Yellow Pine deposit and a third drill hole completed in the central portion of the same deposit. Highlights of the drill holes are tabulated below, while complete results are attached at the end of the press release.

Highlights of Recent Assay Results - Yellow Pine Deposit, Stibnite Gold Project

Hole IDTypeFrom

			(m)To

			(m)Interval

			(m)(1)Gold

			(g/t)(2)Silver

			(g/t)Antimony

			(%)AuEq

			(g/t)(3)
MGI-16-415Core62.5105.242.73.1210.70.494.2
and108.2114.36.10.9968.73.498.8
MGI-16-417Core0122.5122.52.218.00.463.2
including3.632.629.02.2826.51.535.7
The reported drill hole intercept widths are oblique to the mineralized structure.  True width is approximately 75-85% of intercept width.
Gold composites are generated using a 0.5 g/t Au cutoff grade.  Antimony composites are generated using a 0.1% Sb cutoff grade.  Composites may include intervals below cutoff grades.
Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1200/oz Au, $17/oz Ag and $7600/tonne Sb and do not include recovery, transportation, refining or payability.  These factors will vary for each metal and affect the economic importance of the various metals.

Hole MGI-16-415 intersected substantially higher grades than were anticipated (based on legacy underground exploration drilling from the 1940s), while MGI-16-416 was angled obliquely, but missed the target area and will need to be re-drilled at a slightly different angle in order to intersect the target. Hole MGI-16-417 targeted an area with little Midas Gold data, intersected slightly higher grades than anticipated, and verified the location of an important post-mineral structure.

“These latest drill results realized all three of Midas Gold’s goals for its resource enhancement drill program at the Stibnite Gold Project: expanding the mineral resource, improving confidence in the geological model, and improving margin by identifying higher grade material within the proposed pit limits,” said Stephen Quin, President & CEO of Midas Gold Corp. “Hole MGI-16-415 successfully extended the limits of known high-grade gold-antimony mineralization over 50m to the south, in an area within the limits of the 2014 PFS mineral reserve pit limits, but which had been treated as development rock in the PFS. Hole MGI-16-417 generally verified the mineral resource and provided important structural constraints on mineralization.”

Drilling in 2017, which recently commenced, will be focused on the Yellow Pine deposit, initially following up on encouraging results from MGI-16-414 and MGI-16-417. Additional shallow inclination drill holes are planned to obtain additional data beneath the historical pit lake and to improve understanding of geological controls on high-grade gold and antimony mineralization.

South Yellow Pine Drilling
The Monday Tunnel was driven in 1928-1932 from the south end of the Yellow Pine Pit along the trace of the Meadow Creek Fault Zone (“MCFZ”), the District scale structure that forms the eastern boundary of the Yellow Pine ore-body. In the 1940s, eight small diameter underground core holes financed by the US Government’s Defense Minerals Exploration Agency were completed in this area, focused on exploration for antimony and tungsten. The 2014 PFS geologic model for the southern section of the Yellow Pine deposit was partially based on this legacy underground drilling and the mineralization was modeled as inferred mineralization and subsequently treated as development rock in the 2014 PFS economic model. Drill hole MGI-16-415 returned gold grades approximately twice those carried as inferred mineralization in the 2014 PFS block model (3.12g/t Au in current drilling versus 1.6g/t Au predicted) with substantially higher antimony grades as well. The drill hole intercept was approximately 30% shorter than was predicted in the block model and the differences are likely due to better core recovery and sampling methodology in the modern-era drilling versus the older legacy drilling.

“This higher-grade gold and antimony mineralization at the south end of the Yellow Pine deposit represents an economically attractive resource expansion target within and immediately adjacent to the proposed open pit and warrants additional drilling,” said Mr. Quin.

The second drill hole, MGI-16-416, was drilled in a more southerly direction, sub-parallel to the target zone, but did not penetrate the mineralized corridor of the Meadow Creek Fault Zone. Historical drilling from surface and in legacy underground workings in this area suggest this hole just missed the target. Additional drilling is being considered to intersect and extend the known limits of the mineralized zone farther to the south.

Central Yellow Pine
Drill hole MGI-16-417 was drilled to obtain additional information beneath the historical Yellow Pine pit in order to replace legacy data and to test for continuity of an important post-mineralization fault in the deposit. The drill hole generally confirmed the grades estimated in the 2014 PFS block model, returning approximately 5% higher gold grades, as well as higher antimony grades. Sub-economic inferred mineralization in the footwall of the post-mineralization fault was not confirmed, which has no impact on project economics.

High Grade Antimony Mineralization
Both MGI-16-415 and MGI-16-417 intersected multiple sets of narrow, high grade antimony veins within broader zones of lower grade stockwork and disseminated gold mineralization. These vein intersections and their orientations are consistent with newly developed geologic concepts for the Yellow Pine deposit that are based on Midas Gold work and age dating studies conducted by researchers at the Idaho Geological Survey and U.S. Geological Survey. This work suggests that the antimony vein systems have overprinted earlier, more disseminated, gold mineralization may be related to a separate mineralizing event. The implications, confirmed by the oriented core data from these holes, also indicate more focused drilling at appropriate orientations may provide evidence for continuity to these high-grade stibnite vein systems, which can run multi-percent antimony, and could enhance project economics.

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

To view a cross section and the locations of drill holes reported in this news release, please click here.

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 further drill results; 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 “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “potential”, “confirm” or “does not anticipate”, “believes”, “contemplates”, “recommends” 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, 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 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 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.

Summary Drill Assay Results - Yellow Pine Deposit, Stibnite Gold Project

Hole-IDHole

			TypeCollar

			AzimuthCollar

			DipTD

			(m)From

			(m)To

			(m)Width

			(m)(1)Au

			(g/t)(2)Ag

			(g/t)Sb

			(%)AuEq

			(g/t)(3)
MGI-16-415Core155-35170.762.5105.242.73.1210.70.494.25
including64.071.67.62.8324.81.005.16
including97.5105.27.63.5323.71.446.70
and108.2114.36.10.9968.73.498.85
MGI-16-416Core170-30149.4No significant intercepts
MGI-16-417Core128-45189.30122.5122.52.218.00.463.22
including3.632.629.02.2826.51.535.66
The reported drill hole intercept widths are oblique to the mineralized structure.  True width is approximately 75-85% of intercept width.
Gold composites are generated using a 0.5 g/t Au cutoff grade.  Antimony composites are generated using a 0.1% Sb cutoff grade.  Composites may include intervals below cutoff grades.
Gold equivalent grades are reported for illustrative purposes only and are calculated using metal prices of $1200/oz Au, $17/oz Ag and $7600/tonne Sb and do not include recovery, transportation, refining or payability.  These factors will vary for each metal and affect the economic importance of the various metals.

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

Press Releases

FORWARD-LOOKING INFORMATION

Join Our Mailing List