Midex Gold Announces Five for One Forward Share Split Effective August 10, 2009

DAR ES SALAAM, TANZANIA, Jul 30 (MARKET WIRE) --
Midex Gold Corp. (OTCBB: MDXO) (www.midexgold.com), management announced
today the company's five shares for one share forward split of its stock
will be effective August 10, 2009. "With this restructuring of the Midex
Gold shares and our 100% ownership of the Magembe Diamond Property, we
are rapidly moving forward to ensure our shareholders receive the maximum
return possible for their investment in our company." stated Morgan
Magella, president of Midex Gold. "Our forward split of the five shares
for each share issued should yield greater returns for current
shareholders. And with the acquisition of our diamond property located
directly next to the world famous Williamson (Mwadui) Diamond Mine, we
believe that investor interest will only continue to grow in Midex Gold."

MIDEX'S MAGEMBE DIAMOND PROPERTY DIRECTLY ADJACENT TO DE BEERS'
WILLIAMSON (MWADUI) MINE

The Magembe Diamond Property is part of a two kilometer buffer zone
surrounding the world-renown Williamson (Mwadui) Diamond Mine that was
created as part of the original mine development in the 1940s and 50s.
Local artisanal mining operations were previously active in recovering
diamonds from surface alluvial deposits on the western boundary of the
Magembe property. Because of the past local native mining activity, the
recent 80 carat diamond discovery, and our 2008 exploration results,
management believes there's considerable potential for a commercially
profitable diamond mine. To date a total of 41 diamonds and diamond
cleavages were recovered from 12 of the 60 samples gathered during our
2008 exploration program.

WORLD'S LARGEST DIAMOND PIPE

The Williamson (Mwadui) Mine is currently owned 75% by De Beers and 25%
by the Government of Tanzania, and has a production history that spans
six decades. The Williamson (Mwadui) kimberlite pipe covers 360 acres and
at the time of its discovery in 1940, was considered to be the largest
economically exploitable pipe in the world. The mine is renown for its
original source of pink diamonds and has produced notable stones
including a 54-carat flawless pink diamond and a 388-carat diamond found
in 1990.

ABOUT MIDEX GOLD CORP.

Midex Gold is positioned to take advantage of Tanzania's rich mineral
resources by developing a select portfolio of near-term gold and diamond
production projects. With the company's network of strategic
relationships with senior mining professionals and government officials
in Tanzania, it is poised to identify key mining concession targets that
are ready to be developed.

FORWARD LOOKING STATEMENT

No Exchange has either approved or disapproved of the information
contained herein. This news release may contain forward-looking
statements based on assumptions and judgments of management regarding
future events or results that may prove to be inaccurate as a result of
exploration and other risk factors beyond its control and actual results
may differ materially from the expected results. The Company does not
expect to update forward-looking statements continually as conditions
change. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
quarterly filings with the SEC and other periodic filings.

Contacts:
Midex Gold Corp.
Investor Relations
Email: info@midexgold.com
Website: www.midexgold.com

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