Midway Gold Reports the Retirement of a Director

Midway Gold Corp. (TSX.V and NYSE Amex: MDW) ('Midway? or, the
'Company?) announces that Mr. George T. Hawes will be retiring from the
Company′s Board of Directors effective November 15, 2011. His retirement
will enable him to devote more time and attention to a new business
venture.

Midway′s Board of Directors and management thank George for his many
contributions to the formative years of Midway. When George joined
Midway in 2002, the Company had only one project and was a pure
exploration company. Through his input and guidance, the Company brought
on strong geologic talent, raised capital, and proceeded to acquire
other projects, including Spring Valley, Pan, Gold Rock, and Golden
Eagle. He was instrumental in negotiating the earn-in agreement with
Barrick for Spring Valley, a potential world-class mine.

The Board will nominate a candidate to fill the position vacated by Mr.
Hawes in the near future.

ON BEHALF OF THE BOARD

'Daniel E.
Wolfus?

Daniel E. Wolfus, Director, Chairman 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 producing an acceptable return to its shareholders.
For more information about Midway, please visit our website at www.midwaygold.com
or contact R.J. Smith, Vice President of Administration, at (877)
475-3642 (toll-free).

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

Midway Gold Corp.

R.J. Smith, 877-475-3642 (toll-free)

Vice
President of Administration