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MGold Completes Private Placement Offering

February 25, 2011

MONTREAL, QUEBEC--(Marketwire - Feb. 25, 2011) - MGold Resources Inc. (TSX VENTURE:MNI) ("MGold" or the "Company") is pleased to announce the completion of a non-brokered private placement previously announced of 4,500,909 units (the "Units") at a purchase price of $0.11 per Unit for total gross proceeds of $495,100 (the "Offering").

http://www.marketwire.com/mw/release.do?id=1402333&sourceType=3
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