Midway Awards Construction Contract to Jacobs

Denver, CO US, November 13, 2013 /FSC/ - Midway Gold Corp.("Midway" or the "Company") (MDW:TSX, MDW:NYSE) announces an EPCM (Engineering Procurement Construction Management) contract has been awarded to Jacobs (NYSE: JEC) for build out of the Pan gold project in Nevada. Jacobs is also leading the detailed engineering for the project infrastructure. The majority of the overall engineering is complete.

"We are gaining momentum toward the construction of our first project," said Ken Brunk, President and CEO of Midway. "We have had a great working relationship with Jacobs throughout the detailed engineering process and we are confident we will experience the same in construction management. Jacobs will manage construction of the leach pad, ponds, buildings, ADR plant and other mine site infrastructure. They will provide the manpower and equipment needed during the construction phase as we assemble and ready the Midway team for operations. "

Pan Gold Project, Nevada
The Pan project is an oxidized, Carlin-style gold deposit mineable by shallow open pit methods and treatable by heap leaching. A Feasibility Study was completed in November 2011. It shows the NPV of the project is robust at a range of gold prices, ranging from $123 million at $1,200/oz gold to $344 million $1,900/oz gold. The IRR grows from 32% to 79% using the same gold price range. Both are after-tax figures (see press release dated November 15, 2011.)


ON BEHALF OF THE BOARD
"Kenneth A. Brunk"
Kenneth A. Brunk, Chairman, President and CEO


About Midway Gold Corp.

Midway Gold Corp. is a precious metals company with a vision to explore, design, build and operate gold mines in a manner accountable to all stakeholders while assuring return on shareholder investments. For more information about Midway, please visit our website at www.midwaygold.com or contact Jaime Wells, Investor Relations Analyst, at (877) 475-3642 (toll-free).


Neither the TSX Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Exchange) nor the NYSE MKT accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking statements about the Company and its business. Forward looking statements are statements that are not historical facts and include, but are not limited to, statements about the Company's intended work plans and resource estimates and potential offering of common shares of the Company from time to time. The forward-looking statements in this press release are subject to various risks, uncertainties and other factors that could cause the Company's actual results or achievements to differ materially from those expressed in or implied by forward looking statements. These risks, uncertainties and other factors include, without limitation, risks related to the timing and completion of the Company's intended work plans, risks related to fluctuations in gold prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; uncertainties involved in the interpretation of drilling results and other tests and the estimation of gold resources and reserves; the possibility that required permits may not be obtained on a timely manner or at all; the possibility that capital and operating costs may be higher than currently estimated and may preclude commercial development or render operations uneconomic; the possibility that the estimated recovery rates may not be achieved; risk of accidents, equipment breakdowns and labor disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; and other factors identified in the Company's SEC filings and its filings with Canadian securities regulatory authorities. Forward-looking statements are based on the beliefs, opinions and expectations of the Company's management at the time they are made, and other than as required by applicable securities laws, the Company does not assume any obligation to update its forward-looking statements if those beliefs, opinions or expectations, or other circumstances, should change.

To view this press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/midway11132013.pdf


Source: Midway Gold Corp. (TSX - MDW) www.midwaygold.com
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Source: Filing Services Canada (November 13, 2013 - 7:45 AM EST)