Mexivada makes new discoveries at Bouawsa and Lepindzi gold target areas in ROC Republic...

* Reuters is not responsible for the content in this press release.

Tue May 20, 2008 8:30am EDT

Mexivada makes new discoveries at Bouawsa and Lepindzi gold target areas in
ROC Republic of Congo
TSX-V: MNV OTC: MXVDF Frankfurt: M2Q

VANCOUVER, May 20 /PRNewswire-FirstCall/ - Mexivada's diamond specialist
in the ROC Republic of Congo, Siva Sankar, a project geologist formerly with
De Beers, has reported the discovery of a 3.5 millimetre white diamond in a
stream sediment sample at Bouawsa, located 1.3 kilometres ("Km") east of the
company's recent Madoka diamond discovery. Mexivada has started its program of
diamond exploration grid sampling of the Lepandza-Makoubi-Madoka-Bouawsa
corridor, which is 9 by 12 Km in size, for kimberlitic pipes. Large gem
quality diamonds to 22 millimetres in size also have been recovered along
several fault-controlled east-northeast trending creeks in the central and
western parts of Mexivada's Malambani concession. These diamonds may be
related, in part, to kimberlitic dikes or pipes emplaced in and near these
fault structures. Blue and green diamonds are extremely valuable when of gem
quality, and are found in only a few places in the world. Such bluish and
greenish diamonds have been found on Mexivada's concessions at Madoka and
Bikelele, and a 7 mm blue-yellow diamond was reported here at Leyou by the
Russians in the 1960s.
    Mexivada's chief geological consultant, Edward Wells, C.P.G., has arrived
in Mayoko and has reported the discovery of a new, fault-controlled,
iron-stained quartz-sulfide mineral zone at Lepindzi, in the western portion
of the Mayoko greenstone belt. Banded iron formations and amphibolites are
exposed in the Lepindzi and HMC target areas along a strike length of 7
kilometres, and the 4 Km long Lepindzi portion is surrounded by strong gold
placers. Mr. Wells also will conduct a detailed analysis of the
Bilala-Bambounga target areas in the southwestern part of the Malambani
concession. A quartz-encrusted, 1 Kg gold vein "nugget" was mined by the
Avoine Company after World War II from a 4 metre deep clay pit in the
Bambounga area, which has never been mapped in detail or drilled. A major
gold-quartz vein system could be present here. New maps of Mexivada's diamond
and gold target area geology have been posted to our website at
www.mexivada.com.
    This press release and its contents have been reviewed by Richard R.
Redfern, Mexivada's President, who is a Certified Professional Geologist and
Qualified Person as defined under National Instrument 43-101.
    About Mexivada Mining Corp.
    ---------------------------
    Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada,
and the ROC Republic of Congo. Managed by experienced and successful board
members and advisors, Mexivada is well financed with no debt. For further
information, including area maps, sections, and photos, please visit our web
site at www.mexivada.com or contact us by e-mail at info@mexivada.com.
    ON BEHALF OF THE BOARD OF DIRECTORS

    "RICHARD R. REDFERN"

    Richard R. Redfern
    President


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

    Caution Concerning Forward-Looking Statements

    This news release and related texts and images on Mexivada's website
contain certain "forward-looking statements" including, but not limited to,
statements relating to interpretation of mineralization potential, drilling
assay results, future exploration work, and the expected results of this work.
Forward looking statements are statements that are not historical facts and
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: risks related to
fluctuations in metals and diamond prices; uncertainties related to raising
sufficient financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather, logistical,
technical, governmental, social, or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived
potential of the company's projects; uncertainties involved in the
interpretation of sampling and drilling results and other tests; the
possibility that required permits and access agreements may not be obtained in
a timely manner; risk of accidents, equipment breakdowns or other
unanticipated difficulties or interruptions; the possibility of cost overruns
or unanticipated expenses in these work programs.
    Forward-looking statements contained in this release are based on the
beliefs, estimates, and opinions of management on the date the statements are
made. There can be no assurance that such statements will prove accurate.
Actual results may differ materially from those anticipated or projected.
Mexivada Mining Corp. undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates, opinions, or other factors,
should change.
    CONTACT: LionsGate Communication Corp., Telephone: (866) 922-6774 or (604)
866-7700, info@mexivada.com, www.mexivada.com
SOURCE  Mexivada Mining Corp.

LionsGate Communication Corp., Telephone: (866) 922-6774 or (604) 866-7700,
info@mexivada.com, www.mexivada.com
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.