Midway Gold To Present At Dahlman Rose 4th Annual Emerging Miners Conference

Midway Gold Corp. ('Midway' or the 'Company') (MDW:TSX-V; MDW:NYSE-MKT)
is pleased to announce that Kenneth A. Brunk, President and CEO, will
present at the Dahlman Rose 4th Annual Emerging Miners Conference in New
York on Wednesday, January 9, at 3:00 pm ET. Mr. Brunk will provide an
update on development activities at the Company′s Pan heap leach gold
project and a corporate outlook.

A webcast of the presentation will be available online at http://www.wsw.com/webcast/dahlman18/mdw/.
Mr. Brunk′s presentation slides will also be available on the Midway
Gold website www.midwaygold.com
following the event.

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 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, reserve
and resource estimates, estimated NPV of the projects, anticipated IRR,
estimated strip ratio, anticipated mining methods at the projects, the
estimated economics of the projects, anticipated gold recoveries and
annual production, estimated capital costs, operating cash costs and
total production costs, planned development drilling and anticipated
expansion of the resource, and the outcome of the permitting process.
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 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 reserved and resources; 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; risks related to
projected project economics, recovery rates, and estimated NPV and
anticipated IRR 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 webpage please click on the following
link:

http://www.usetdas.com/pr/midwaygold03012013.htm

Midway Gold Corp.

Jaime Wells, 877-475-3642

Investor Relations
Analyst