Mexivada Mining Corp. - Goldstorm

Mexivada Mining Corp. staked and owns 148 lode mining claims (2,960 acres) and also controls 800 acres of private land at its Goldstorm Au-Ag property in Elko County, Nevada. The property is located in the Snowstorm Mountains Mining District, 18 kilometres ("km") northeast of Newmont and Barrick's giant +50 million ounce producing Getchell-Turquoise Ridge-Twin Creeks gold mine complex, near the intersection of the Carlin-, Getchell- and Northern Nevada Rift gold Trends. Metallurgically compatible milling facilities are present at Newmont's Midas Mine, situated 18 km to the southeast of Goldstorm, and at Twin Creeks.

Goldstorm is an exploration property with outcropping high-level Midas-style low-sulfidation, gold-bearing quartz veining in felsic and mafic volcanic rocks, exposed along more than a 5.25 km length. Rock chip samples collected by Battle Mountain Gold from a trench at the Prospect Hill zone assayed up to 9.0 grams per ton ("g/t") gold and 43.9 g/t silver across a surface trench width of 3 metres, and surface grab samples taken by prior explorers from the Dome Hill zone further to the south reportedly assayed up to 30 g/t gold (see maps below). Fifty-one exploration holes were drilled by 3rd party companies at Goldstorm in the 1980's and 1990's, which included the Prochnau Syndicate, Battle Mountain Gold, Crown Resources/Romarco, and Newmont. Mexivada acquired a large database from Metallic Ventures, which is being augmented by field geologic mapping.

Mexivada recently discovered outcropping high-level Midas-style gold- and naumannite (silver selenide) bearing quartz veining at the surface in silicified/replaced spherulitic rhyolites, which also are found near the top of the Midas Mine gold-silver system. This high grade gold-silver mineralization present at Goldstorm is believed to represent the "poddy" zone above possible zones of better continuity of gold mineralization, as exist at the Midas Mine below its 200 metre mine level. This mineralization at Goldstorm has not been tested at the proper depths needed for possible ore continuity. Recent geologic mapping has also defined another 1.4 km long outcropping northwest- trending quartz vein system that was explored briefly by a few shallow test "air-track" rotary holes to 39 metres in depth by the Prochnau Syndicate, in the upper, "poddy" zone, and this Midas-type vein zone appears to never have been drilled at depth. Recently a new map of the Midas-age volcanic area was prepared for the company (see below), showing geologic, alteration, and veining features, including a location in the central part of the map area with an unusual intrusive with diatreme like features. This area (on map at 4576500N/504600E) shows breccia rock with highly altered (silica and chlorite) rock matrix (with late large k-spar(?) phenocrysts) that is flooded with late vein-style silica. The origin of this unit remains controversial and undecided; further work is being conducted in this area, including an Induced Polarization survey by Zonge Geosciences.

Mexivada also completed ground gravity and ground magnetic surveys at Goldstorm, which indicated a large horst block of uplifted Paleozoic basement rocks, with interpreted intrusive granitic rocks occurring on both sides of the horst (see maps below), a highly favorable exploration target for Carlin-style gold mineralization in Paleozoic carbonate-bearing sedimentary rocks, as occurs at Twin Creeks and Getchell. Third-party consultants feel that gold-favorable Paleozoic sedimentary host rocks of the Comus and Etchart Formations could be present at depth on the Property. No exploration holes have been drilled into these Carlin-style targets at Goldstorm.

A number of Midas Mine-style gold targets at Goldstorm also have never been tested by drilling. The modern exploration models for Midas-and Carlin-style gold deposits suggest that deeper drilling on the property may be necessary to reach certain of these targets, but the horst gold targets appear to be present at shallow depths.

Goldstorm has a highly favorable geologic setting, near to giant, multi-million ounce producing gold mines, and is large enough to host a multi-million ounce composite gold-silver deposit. Mexivada plans to begin permitting for drilling at Goldstorm in 2010. No mineral resources or mineral reserves have been defined at Goldstorm.

Mexivada Mining Corp. executed a 20-year renewable mining lease on the 800 acre, privately-owned Goldstorm property in Elko County, Nevada, from NFC Land and Cattle Company, which covers the Prospect Hill Midas-style target area. The terms of the Mining Lease with NFC Land and Cattle Co. call for an initial payment of $1,000 and an annual work requirement of US$5,000 in 2009, $7,500 in 2010 and $7,500 per year thereafter. Annual minimum royalty payments required are $1,000 in 2008, $2,000 in 2009, $3,500 in 2010-2011, $5,000 in 2012-2013, and $10,000 per year thereafter. The property also is subject to a 5% net smelter return royalty to the lessor. Mexivada Mining Corp. also entered into a 20-year renewable mining lease on the 52 unpatented "Ski" lode mining claims in Elko County, Nevada from Richard Redfern and Carl Pescio (now Allied Nevada Gold Corporation). This 420 hectare (1,040 acre) block of lode mining claims lies contiguous to the east of Mexivada's leased private land at Goldstorm. Messrs Pescio and Redfern have worked on the claims since 2002. Mexivada also staked and controls 96 additional lode mining claims that surround these other two blocks of land.

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Horst Gold Target Area	Goldstorm IP IsoSurfaces Magnetics
Goldstorm Project Location	GOLDSTORM - Gold Trends, Magnetics
Goldstorm Structural Model	Goldstorm RTP Magnetics and Drilling
Goldstorm Targets	Goldstorm Gold Anomalies
Goldstorm, looking Northeast	Goldstorm Silver Anomalies
Goldstorm Drill Targets #1	Twin Creeks Mine (front) - Goldstorm (back)
Goldstorm 2009 Outcrop Map	Goldstorm Exploration - 2009