Mr. Richard Redfern of Mexivada reports

MEXIVADA DROPS ROMIOS PROPERTY; FILING UPDATE

Mexivada Mining Corp. has sent a notice of termination to Romios Gold Resources Inc., dropping the Roger property that Mexivada had under option. A general cease trade order was issued against the company by the British Columbia Securities Commission on Nov. 19, 2012, due to non-filing of its annual 2012 comparative financial statement for the financial year ended June 30, 2012, and for not having filed a form 51-102F1 management's discussion and analysis for the period ended June 30, 2012. Due to this cease trade order, Mexivada could not issue Mexivada common shares to Romios, as was stipulated therein to extend the Roger property option agreement. Mexivada will now focus on its flagship Goldstorm property, which is situated along the Midas gold trend in Nevada. Mexivada has good new geologic results from new work on Goldstorm, which the company will report upon shortly. The company is developing a grand plan for exploration of this sector of the Midas gold trend.

The company and its auditors are still working diligently to complete the financial statements, and management discussions and analyses to bring them up to date, and expects to file them shortly. Mexivada is working with its auditors and consultants to compile and present the required annual information in audited form, and should be in position to file its annual audited financial statements shortly. The company will make its best effort to file a timely request for reinstatement of trading on the TSX Venture Exchange on or before Feb. 8, 2013, under exchange guidelines. If the reinstatement is not approved, the company's shares will be transferred to NEX for trading, without further notice by the exchange, after Feb. 17, 2013.

The company is not currently subject to any insolvency proceedings. If the company provides any information to any of its creditors during the period in which it is in default of filing the annual financial statements, the company confirms that it will also file material change reports on SEDAR containing such information.

Note that any financial information contained in this announcement has been prepared by management of the company and is unaudited.

We seek Safe Harbor.