Mexigold and Riverside Resources Extend TSX Venture Acceptance Date

MEXIGOLD CORP.

FOR IMMEDIATE RELEASE

Contact: Investor Relations Tuesday, May 31, 2011 Phone (604) 684-2181 (No.2011-05-08) [email protected]

Mexigold and Riverside Resources Extend TSX Venture Acceptance Date

Vancouver, British Columbia, Canada – May 31, 2011 – Mexigold Corp. (the “Company” or “Mexigold”) (TSX Venture Exchange: MAU) is pleased to announce, further reference to its news release dated April 14, 2011, that the Company has completed all of its filings regarding the Durango Properties Option Agreement dated March 18, 2011, with the TSX Venture Exchange (the “Exchange”).

As announced previously, Riverside Resources Inc. (“Riverside”) and Mexigold Corp. have signed a definitive option agreement to jointly advance Riverside’s 100% owned Catrina, Escondida and Pedernal properties. The drill ready Durango Properties cover an area of more than 760 square kilometers and are located in Durango and northern most Zacatecas, Mexico.

The original agreement required the Company to obtain approval of the Exchange by May 31, 2011. By mutual agreement, this approval date has been extended to June 30, 2011.

Mexigold had announced two private placements: (i) 10 million units at $0.32 per unit; and (ii) 3 million units at $0.36 per unit. The Company has received preliminary approval for these private placements from the Exchange.

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