Mexigold Announces Private Placement Financing

MEXIGOLD CORP.

(formerly BCY Resources Inc.)

FOR IMMEDIATE RELEASE

Contact: Investor Relations Friday, April 15, 2011 Phone (604) 684-2181 (No.2011-04-07) [email protected]

Mexigold Announces Private Placement Financing

Vancouver, British Columbia, Canada – April 15, 2011 – Mexigold Corp. (the “Company”) (TSX Venture Exchange: MAU) announces that it has arranged an additional private placement of up to 3 million units at a price of $0.36 per unit (“Units”). Each Unit consists of one common share and one share purchase warrant which will entitle the holder to purchase an additional common share at a price of $0.50 per unit for a period of two years (a “Warrant”). A finder’s fee of 7% in cash is payable on the private placement. Any portion of the private placement placed by licensed brokers will also include 10% Agent’s warrants having the same terms as the private placement Warrants.

The private placement is subject to TSX Venture Exchange approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Peeyush Varshney”

Peeyush Varshney, LL.B.

President & CEO

Neither 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.

Suite 2050-1055 W.Georgia St., PO Box 11121, Vancouver, BC Canada V6E 3P3 Phone (604) 684-2181 Fax (604) 682-4768 [email protected] www.mexigoldcorp.com