TSX-V: MNV OTC: MXVDF Frankfurt: M2Q

VANCOUVER, April 1 /CNW/ - Mexivada Mining Corp. is pleased to announce that it has entered into a 20-year renewable mining lease on the 53 unpatented "Ski" lode mining claims in Elko County, Nevada from Richard Redfern and Carl Pescio. The 425 hectare (1,050 acre) property lies contiguous to Mexivada's Goldstorm property in the Snowstorm Mountains Mining District. Messrs Pescio and Redfern have worked on the claims since 2002. The claims are located near the intersection of 3 major Nevada gold trends, 18 kilometres ("km") northwest of the Midas Mine along the Carlin Trend and Northern Nevada Rift, and 18 km northeast of the large Twin Creeks-Turquoise Ridge-Getchell gold mine complex of Newmont and Barrick.

Ski is an early-stage exploration property with outcropping high-level Midas-style, low-sulfidation, gold-bearing quartz veining cutting felsic volcanic rocks of Miocene age. Local aeromagnetic highs present on the property are suggestive of domed up Paleozoic rocks, granitic intrusions, or felsic volcanic domes. Domed up or folded rocks are preferred sites for the localization of gold mineralization. Rock grab samples collected by Mexivada's consultant Dr. Jim Shannon on the Ski claims assayed up to 30 grams per tonne ("g/t") gold. Exploration has been conducted on the property by companies that included Touchstone Resources, Crown Resources/Romarco, and Newmont in the 1980s and 1990s, and Romarco's holes reportedly never intersected the targets. The modern exploration model for Midas-type deposits suggests that previous drilling on the property may have been too shallow. The number of exploration holes drilled on the property is not known. Mexivada will attempt to acquire more existing data on Ski/Goldstorm and design a program to explore the property for hidden, near-surface Midas-style gold-silver deposits and for deeper Carlin-style gold in underlying Paleozoic carbonate-bearing sedimentary rocks, similar to the effort conducted nearby at Sheep Creeks by Evolving Gold, as described in their press release of February 28, 2008. No mineral resources or mineral reserves have been defined by Mexivada for any of its targets at Ski/Goldstorm.

The terms of the Mining Lease with Mr. Redfern, a Director of Mexivada, and Carl Pescio call for an initial payment of US$10,000 and the reimbursement to Mr. Redfern of claim filing fees paid by Redfern to the government and to Elko County. There is no annual work requirement. Annual lease payments required are US$10,000 on each of the subsequent 4 anniversary dates, US$15,000 on each of the 5th through 9th anniversary dates, US$25,000 on each of the 10th through 14th anniversary dates, US$40,000 on each of the 15th through 19th anniversary dates, and US$50,000 per year thereafter. The property is also subject to a 3% net smelter return royalty ("NSR"). Each of the first two percentage points of the NSR may be purchased by Mexivada by payment to the lessors of a lump sum of US$1,000,000 per one percent NSR at any time during the term of the lease agreement. The third percentage point of the NSR may be purchased by Mexivada by payment to the lessors of a lump sum of US$2,000,000.00 for the last one percent of the NSR at any time during the term of the lease agreement. Since this was a non-arm's length transaction, Mexivada contracted for and received a valuation report on the property by D. Edward Wells, consulting geologist and a qualified person under National Instrument 43-101

The Company's President and CEO, Richard R. Redfern, M.Sc. and Certified Professional Geologist, a 'qualified person' for the purposes on National Instrument 43-101 Standards of Disclosure for Mineral Properties, has verified the information (including maps, sampling, and analytical test data) and evaluated the interpretations contained in this news release.

About Mexivada Mining Corp.

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Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver, Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and the ROC Republic of Congo. Managed by experienced and successful board members and advisors, Mexivada is well financed with no debt. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info(at)mexivada.com.

	    ON BEHALF OF THE BOARD OF DIRECTORS  	    "RICHARD R. REDFERN"  	    Richard R. Redfern 	    President  	    The TSX Venture Exchange does not accept responsibility for the adequacy 	    or accuracy of this release.