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File: MEXIVADA-NR-1-16-2013.docx

MEXIVADA MINING CORP.
Suite 1008 - 1166 Alberni Street
Vancouver, British Columbia
V6E 3Z3

Tel:  (604) 568-7726 Fax: (775) 738-6705

January 16, 2013								TSX-V:  MNV
										OTC:  MXVDF
										Frankfurt: M2Q

MEXIVADA DROPS ROMIOS PROPERTY; FILING UPDATE
Vancouver, BC, January 16, 2012 - Mexivada Mining Corp. (TSX-V: MNV) ("Mexivada" or the "company") reports that it tod
--->ay sent a notice of termination to Romios Gold Resources ("Romios"), dropping the Roger property that Mexivada had und
--->er option. A general Cease Trade Order was issued against the Company the by the British Columbia Securities Commissio
--->n on November 19, 2012 due to non-filing of our annual 2012 comparative financial statement for our financial year end
--->ed June 30, 2012, and for not having filed a Form 51-102F1 management's discussion and analysis for the period ended J
--->une 30, 2012. Due to this Cease Trade Order, Mexivada could not issue Mexivada common shares to Romios, as was stipula
--->ted 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 Golds
--->torm, which we 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 our Financial Statements and Management Discussi
--->ons 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 r
--->einstatement of trading on the TSX Venture Exchange on or before February 8, 2013, under Exchange guidelines. If the r
--->einstatement is not approved, the Company's shares will be transferred to NEX for trading, without further notice by t
--->he Exchange, after February 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 confi
--->rms 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.
 
MEXIVADA MINING CORP.
 
"Richard Redfern"
 
Richard Redfern
President and Chief Executive Officer
 
The Company's President and CEO, Richard R. Redfern, M.Sc., a Certified professional Geologist and 'qualified person' 
--->for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified and approv
--->ed the information contained in this news release.
 About Mexivada Mining Corp.

Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, drilling,
---> and joint venturing high-grade Gold-Silver and Rare Metal exploration projects in Nevada, Mexico, and Canada. Mexivad
--->a is managed by experienced and successful board members and advisors. For further information, with new maps and sect
--->ions for Mexivada's properties, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada
--->.com.  On behalf of the Board of Directors, Richard R. Redfern President & CEO Mexivada Mining Corp.
  Caution Concerning Forward-Looking Statements
 This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" inc
--->luding, but not limited to, statements relating to interpretation of mineralization potential, drilling and assay resu
--->lts, future exploration work, and the anticipated 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 r
--->esults to differ materially from those reflected in the forward-looking statements, including, without limitation: ris
--->ks related to fluctuations in metals 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, technica
--->l, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and real
--->ize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and dr
--->illing results and other tests; the possibility that required permits and access agreements may not be obtained in a t
--->imely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possib
--->ility 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.
 NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
---> TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
 Contacts:  Mexivada Mining Corp.
Investor Relations
1-604-568-7726 or 1-866-922-6774 
info@mexivada.com www.mexivada.com