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Mexivada Drills 6 Metre Mineralized Intercept in Second Drill Hole at La Republica Silver Mine

Posted on: Thursday, 18 October 2007, 15:00 CDT

VANCOUVER, Oct. 18 /PRNewswire-FirstCall/ -- Mexivada Mining Corp. is pleased to report the completion of the second core drill hole of its 2000 metre Phase 1 drilling program at its La Republica silver-gold-zinc-lead property,Yecora District, Chihuahua, Mexico. Drill hole LR-07-2 tested north of drillhole LR-07-1 and north of the Main Stope zone, where more than 5,000,000 ounces of silver was produced historically from high-grade silver-gold ore mined between 1906 and 1912, which assayed up to 5.99 kilograms per tonne ("kg/t") silver and up to 8.56 g/t gold. The base of the mineralized zone in the Main Stope was particularly rich locally, with assays to 51 kg/t silver reported. The historic mine production information above is for reference only, and the reader should not infer or assert that the information is correct, reliable, or accurate and should not be relied upon.

Mexivada's drillhole LR-07-2 intercepted 6 metres of gray, highly silica-sulfide replaced fault breccia between 165 and 171 metres. Visual coarse sulfosalt mineralization, possibly tetrahedrite, to 1 millimetre in size was noted in the basal part of the fault zone between 170 and 171 metres in the core. This zone has a true width of nearly 6 metres, and indicates a probable continuation of the Main Stope to the north toward the Polverine zone. Additionally, rhyolitic porphyry dikes are present in the footwall, similar to hole LR-07-1, to a depth of 179 metres, and altered andesites with up to 3 percent contained pyrite were ALSO present in LR-07-2 to a depth of 206 metres, where a late, non-mineralized fault was encountered and the drillhole was terminated. While mineralization was noted in portions of the drillhole, no conclusions can be drawn as to the grade or extent of the mineralization prior to the receipt of assays. The drill samples are being sawed and delivered for fire assay to ALS Laboratories in Hermosillo.

Mexivada's third drillhole is being collared north of LR-07-2, targeting the Polverine zone, where Mexivada sampled and assayed a 2 metre thick zone of breccia from the Republica Fault Zone that assayed 1,230 g/t silver, 0.88% zinc, 0.31% lead, and 0.2 g/t gold.

This press release and its contents have been reviewed by Richard R. Redfern, Mexivada's President, who is a Certified Professional Geologist and Qualified Person as defined under National Instrument 43-101.

About Mexivada Mining Corp. ---------------------------

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver, Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and the ROC Republic of Congo. Managed by experienced and successful board members and advisors, Mexivada is well financed with no debt. For further information, including area maps, sections, and photos, please visit our web site at http://www.mexivada.com/ or contact us by e-mail at info@mexivada.com.

ON BEHALF OF THE BOARD OF DIRECTORS "RICHARD R. REDFERN" Richard R. Redfern President The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Caution Concerning Forward-Looking Statements This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling assay results, future exploration work, and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs. Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.

CONTACT: LionsGate Communication Corp., Telephone: 1-866-922-6774 or (604) 866-7700, info@mexivada.com, http://www.mexivada.com/

Mexivada Mining Corp.

CONTACT: LionsGate Communication Corp., Telephone: 1-866-922-6774 or(604) 866-7700, info@mexivada.com, http://www.mexivada.com/

Source: PRNewswire-FirstCall

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