Midway drills to connect gold discoveries at Spring Valley

Midway Gold Corp., a precious metals exploration company listed on the American Stock Exchange and on the TSX Venture Exchange, announces additional gold intercepts in its ongoing 2008 drilling in the Valley Breccia target at the Spring Valley project, Nevada.

The company claims that the assay results include 5 feet of 1.114 ounces per ton (opt) gold within 75 feet of 0.119 opt gold in SV08-417, 140 feet of 0.021 opt gold in SV08-403, and 80 feet of 0.031 opt gold in SV08-410

Alan Branham, President and CEO of Midway Gold Corp., said our drilling around the Valley Breccia is designed to connect the small resource at West Diatreme and the larger resource at the Pond Zone.

These in-fill holes are successfully finding more gold in this transition zone than the previous wide-spaced drilling indicated. The Pond zone and West Diatreme zone resources were initially thought to be two separate deposits, added Mr. Branham.

When the in-fill holes are re-modelled we hope the two resources will be combined to significantly expand the size of the discovery, he continued.

These higher grade intercepts are encouraging to find. The deposit continues to be open to the north and at depth, concluded Mr. Branham.

The company has three advance stage gold exploration projects and four early stage exploration projects that control over 60 square miles of mineral rights along three major gold trends in Nevada.