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Midway Gold Corp.

11:49 AM EST - Midway Gold Corp. : reports positive preliminary results from metallurgical test work on run-of mine bulk samples at Pan in Nevada. Observed gold recoveries of 92% after 58 days indicate gold recovery of the South Pan ore is not sensitive to crush size. These metallurgical results suggest the South Pan ore can be processed with ROM leaching and that a crusher installation and spend at Pan can be deferred for at least 18 to 24 months. Midway Gold Corp.
shares T.MDW are trading unchanged at $1.01.