MDW Midway Gold Corp.

Midway Gold Corp. ("Midway") (TSX VENTURE: MDW)(NYSE Amex: MDW) announces that is has deferred its proposed financing due to current market conditions.

ON BEHALF OF THE BOARD

Alan Branham, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Midway Gold Corp. R.J. Smith (877) 475-3642 (toll-free) www.midwaygold.com