Midway Receives a Key Permit for Pan Gold Project, White Pine County, Nevada

Midway Gold Corp. ('Midway?) announces receipt of a key permit required
for production at its Pan Gold Project in Nevada. A Water Pollution
Control Permit has been received from the State of Nevada. This
announcement closely follows publication of the Draft Environmental
Impact Statement (DEIS). The Pan project is on track to start
construction in late 2013 with production targeted for mid-2014.

'We are delighted to reach two major permitting milestones in the last
week,? said Ken Brunk, Midway′s President & CEO. 'This is a credit to a
great team of people and our cooperative, professional relationship with
the agencies involved. It is outstanding that we are starting our EIS
comment period for Pan with one of our most important permits in hand.?

Midway received the Water Pollution Control Permit, which authorizes the
construction, operation and closure of approved mining facilities in
White Pine County. The Nevada Division of Environmental Protection
determined that the proposed operation will not degrade the waters of
the state and that public safety and health will be protected. There are
no surface waters in the project area and the proposed pit does not
reach the groundwater table.

The other major milestone was the completion and publication of the
Draft EIS by the BLM. It is now available for public review. A comment
period, required under the National Environmental Policy act (NEPA),
will be open until May 6^th. More information on this process
and how to comment can be found in Midway′s press release dated, March 22^nd,
2013.

Pan Gold Project, Nevada ? The Pan Project represents nearly a
US$100 million capital investment in a part of Nevada that welcomes new
investment and associated economic opportunities (see Feasibility Study
dated December 19, 2011). Once in operation, the Pan mine is projected
to provide 150 workers with stable, high-paying jobs. In addition to
direct employment, Midway expects the mine will have a multiplier effect
by creating support jobs in surrounding communities.

Geologically, 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 NPV5% of
the project is robust at a range of gold prices, ranging from $123
million at $1,200/oz gold to $344M at $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).

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 Venture Exchange, its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture 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.

Midway Gold Corp.

Jaime Wells, 877-475-3642 (toll-free)

Investor
Relations Analyst