MGold Resources Inc.: Closing of Debenture Issue


CALGARY, ALBERTA--(Marketwired - April 15, 2013) - MGold Resources Inc. (TSX VENTURE:MNI) ("MGold" or the "Corporation") announced today that the non-brokered private placement offering of 10% unsecured convertible debentures in the principal amount of up to $3,000,000 previously announced on January 30, 2012, has closed unsubscribed and no funds were raised through this issue.

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

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.

Contact Information:

MGold Resources Inc.
John Squarek
President and Chief Executive Officer
403-388-0969
john.squarek@mgold.ca