MGold Announces Shares for Debt Transaction

CALGARY, ALBERTA–(Marketwire – Jan. 21, 2013) – MGold Resources Inc. (TSX VENTURE:MNI) (“MGold” or the “Corporation”) announced today that is settled outstanding indebtedness of $40,000 through the issuance of 800,000 common shares of the Corporation at a deemed price of $0.05 per share. The common shares issued in connection with the debt settlement are subject to a four month hold period that expires on May 15, 2013.