TORONTO, ONTARIO--(Marketwire - Jan. 7, 2013) - The Board of Directors of Mahdia Gold Corp. ("Mahdia" or the "Company") (CNSX:MGD) wishes to announce that effective immediately Donald Gordon has been appointed as Interim Chief Executive Officer of the Company. Mr. Gordon succeeds Mr. Gordan Glenn. The Company wishes Mr. Glenn success in his future endeavors.

Mr. Gordon was appointed a Director on December 27, 2012 and has conducted consulting work as well as visited some of the company's properties in Guyana early in the Company's history. Mr. Gordon's skills complement our technical team very well as the company improves its corporate governance and manages its growth. Mr. Gordon has over 30 years of experience and expertise in corporate finance analysis, conducting due diligence reviews for regulatory purposes and investment assessment, of public and private companies and has acted as consultant and principal in dozens of reverse takeover transactions. Following a 17-year career at the Vancouver Stock Exchange, mainly as Director of Corporate Finance, Mr. Gordon has been a self-employed consultant to issuers, investment dealers, and stock exchanges since 1999. Please see the release of December 27, 2012 for any further details of Mr. Gordon's background.

The President and member of the Board, David Bending, stated: "The Board believes we are fortunate to have Donald Gordon available to assume this role at this time."

About Mahdia Gold Corp.

Mahdia is a Canadian-based gold exploration company with active gold prospects in Guyana.

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.

Publication Contributing Sources

• Market Wire