News Release 

For Immediate Release

TSX Venture Exchange: MNI

MGOLD ANNOUNCES SHARES FOR DEBT TRANSACTION

January 15, 2013 - Calgary, Alberta – MGold Resources Inc. ("MGold" or the "Corporation") announced today
that is settled outstanding indebtedness of $40,000 through the issuance of 800,000 common shares of the
Corporation at a deemed price of $0.05 per share. The common shares issued in connection with the debt
settlement are subject to a four month hold period that expires on May 15, 2013.

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

MGold Resources Inc. is a Lethbridge, Alberta based corporation engaged in the exploration for minerals. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "MNI".

For further information please contact: 

John Squarek 
President and Chief Executive Officer 
Phone: 403-388-0969 
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.