Midas Gold Completes Franco-Nevada Transaction

VANCOUVER, BC - Midas Gold Corp. reported that it and its subsidiaries (the "Midas Group") have completed the previously announced US$15.0 million transaction with Franco-Nevada Corporation and one of its subsidiaries whereby the Midas Group has sold certain rights to a royalty on future gold production from the Golden Meadows Project in Valley County, Idaho as well as two million warrants exercisable for shares of Midas Gold.

"We are pleased to have completed the US$15 million transactions with Franco-Nevada and its subsidiary," said Stephen Quin, President & CEO of Midas Gold. "These funds allow us to continue advancing the evaluation of the world-class Golden Meadows gold-silver-antimony-tungsten project in Idaho. The Golden Meadows project benefits from a large, high-grade mineral resource located in a low-risk jurisdiction that has the potential to support a long-life, low-cost, open pit mining operation with significant production as demonstrated in the Preliminary Economic Assessment published in September 2012. The mineral resources and potential future development area are contained within a brownfields site that has been extensively mined for almost 100 years, and offers the potential for reclamation and restoration of past disturbance contemporaneously with development of a new mine, designed to modern standards, that results in an enhanced environmental outcome as compared to the current situation."