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href="http://www.actonsoftware.com/acton/ct/1523/s-0072-1111/Bct/l-0002/l-0002:15bcd/ct1_0/1"><img alt="Meadow Bay Gold Corporation (TSXV: MAY)" src="http://www.infostockbiz.com/images/MAY_logo.jpg" border="0" height="117" width="700" /></a> <font face="arial, verdana" size="2"><font face="arial, verdana" size="2"> <br /> <font size="4"></font></font></font><center><span style="font-size: 12pt;"><b>MEADOW BAY GOLD REPORTS NEW DRILL RESULTS <br />FROM THE ATLANTA GOLD MINE IN NEVADA</b></span></center>
<p align="left"><b>Meadow Bay Gold Corporation (TSXV: <a
id="ct2_0"
href="http://www.actonsoftware.com/acton/ct/1523/s-0072-1111/Bct/l-0002/l-0002:15bcd/ct2_0/1">MAY</a>) (OTCQX: <a
id="ct3_0"
href="http://www.actonsoftware.com/acton/ct/1523/s-0072-1111/Bct/l-0002/l-0002:15bcd/ct3_0/1">MAYGF</a>)</b> is pleased to report assay results from four core drill holes at its drilling program at the Atlanta Gold Mine, Lincoln County, Nevada.</p>
<p>Two of drill holes complete the confirmatory drilling program on the Atlanta Fault deposit. The purpose of this program is to test for thickness and grade of gold and silver mineralization adjacent to the past producing Atlanta Pit that was closed in 1985 due to low gold prices. The historic mineralization occurs primarily in a jasperoid fault breccia between overlying Tertiary volcanic rocks and Paleozoic sedimentary rocks.</p>
<p>Drill holes DHRC-11-03C and -07C were collared to the west and northwest of the pit and tested holes previously drilled by Gold Fields and Kinross, respectively. The results from these drill holes generally corroborate the results from the previous drilling. Both holes are in the Atlanta Fault breccia although the mineralized intercept in -07C is unusually thick. In addition, hole -07C contained significant mineralization in the overlying mine dumps which represents a potential resource that has yet to be evaluated. While not a confirmation hole, DHRC-11-10C expands the limits of the jasperoid breccia to the south of the Atlanta Pit.</p>
<p>The recently announced gold porphyry mineralization discovery was extended 67 meters to the west by hole DHRC-11-11C. Three zones of potentially economic mineralization with an aggregate thickness of nearly 87 metres were intersected before the porphyry was truncated by the Atlanta Fault at depth. At present, significant precious metals mineralization in the porphyry has been traced for over 250 metres in an east-west direction. The porphyry remains open to the north, west and south.</p>
<font face="arial, verdana" size="2"><font face="arial, verdana" size="2">Below is a table summarizing the significant drill results from the new drill holes:<img id="Picture133" src="http://www.meadowbaygold.com/assets/images/autogen/Drill-Hole-Summary---Nov-16.png" alt="Drill Hole Summary - Nov 16" title="Drill Hole Summary - Nov 16" border="0" height="300" width="700" /></font></font>
<p>Note: eAu calculated at an Au:Ag ratio of 1:53</p>
<p>At present, two drills are exploring the Atlanta project. The core drill is testing for porphyry-style mineralization further to the west of DHRC-11-11C. The reverse circulation drill is engaged in in-fill drilling on the Atlanta Fault breccia north of the Atlanta Pit. A second RC rig with deep-drilling capabilities is being evaluated for additional holes in the porphyry this drilling season.</p>
<p><span style="color: #454545;">Updated drill hole location maps, cross sections and tables of results are available on the Meadow Bay Gold website at <a
id="ct4_0"
href="http://www.actonsoftware.com/acton/ct/1523/s-0072-1111/Bct/l-0002/l-0002:15bcd/ct4_0/1"><font color="red"><b>MailScanner has detected a possible fraud attempt from "www.actonsoftware.com" claiming to be</b></font> www.meadowbaygold.com</a><span style="color: #454545;">.</span></span></p>
<p>Robert Dinning, CEO commented, “The continued success with the confirmation drilling program combined with our step-out drilling is advancing the redevelopment at a faster pace than anticipated keeping us on track to produce a resource estimate in the new year.” </p>
<p>Bill Reed, a Qualified Person as defined by National Instrument 43-101, and director of Meadow Bay Gold has reviewed the contents of this press release. An ongoing QA/QC program is being employed including blank, duplicate and reference standards with samples are being assayed at the ALS Chemex lab in Elko Nevada, by fire assay with a gravimetric finish. Meadow Bay Gold is focused on developing the former producing Atlanta Gold Mine in Nevada, USA. Drilling continues as does reconnaissance exploration on recently staked claims to the northwest and southeast. <br /><br />For more information please contact;</p>
<p>Meadow Bay Gold Corporation</p>
<p>Robert Dinning, <br />Chairman and CEO <br />Tel: 604-907-0901</p>
<p>Launch IR <br />Matthew Harrington <br />Tel: 613-882-7467</p>
<p>Goal Capital <br />Danny Gravelle <br />Tel: 949-481-5396</p>
<p><small>Neither 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 press release.</small></p>
<p>This press release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward looking information” within the meaning of Canadian securities laws. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Meadow Bay’s expectations include the need to satisfy the conditions set forth in any agreement entered into in connection with the Desert Hawk transaction and the equity financing; the need to satisfy regulatory and legal requirements with respect to the Desert Hawk transaction and the equity financing; risks related to the exploration stage of Meadow Bay’s projects; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing. Trading in the securities of Meadow Bay should be considered highly speculative. Meadow Bay does not intend, and does not assume any obligation, to update any forward-looking statements, other than as required by applicable law.</p>
<p>The press release makes reference to historical estimates. The historical estimates are by definition herein not NI 43-101 compliant and are included herein in for historic context and completeness. There can be no assurances that any of the historical estimates will be able to be categorized as a NI 43-101 compliant resource or reserve category or demonstrate any economic viability. Investors are cautioned not to rely on the historical estimates when making their investment decisions.</p>
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