Mexivada intersects up to 1.96 Kg/T silver in drill holes at La Republica Silver Mine, Mexico



    TSX-V: MNV
    OTC: MXVDF
    Frankfurt: M2Q

    VANCOUVER, Dec. 24 /CNW/ - Mexivada Mining Corp. is pleased to report the
completion of seven core drill holes in 2007 at its La Republica
silver-gold-zinc-lead property, Yécora District, Chihuahua, Mexico. The
drilling program is scheduled to resume on January 8. Certain attractive
target areas on the property still remain to be tested, including Polverine,
where Mexivada's channel sample of the La Republica vein across a 2 metre true
width assayed 1,230 g/t silver, 0.88% zinc, 0.31% lead, and 0.2 g/t gold, and
much of the area between the Republica main shaft and Polverine.
    The results of the seven drillholes are listed below. Interpretation of
these data is in progress, and will be discussed further when the remaining
holes have been drilled starting in January. Only the central part of the
property has been drilled with these initial, Phase 1 test holes. Vein widths
of up to 6 metres were encountered in the deeper holes drilled by Mexivada.
Additional silver-gold-zinc-lead targets may exist deeper in the footwall at
La Republica, where up to 21 foot widths were encountered by the early miners,
and tests of this concept will be made in the January drilling program. An
existing 400 foot deep vertical shaft and connecting drifts at La Republica
could be used to gain relatively rapid access to any mineralization
delineated. La Republica is situated 12 kilometres south of the Yécora
gold-silver property, which is controlled by Mexivada and Coeur d'Alene Mines
Corporation.

    
    -------------------------------------------------------------------------
    Hole        Target Area         From       To   Length       Au       Ag
    No.                               (m)      (m)      (m)    (g/t)    (g/t)
    -------------------------------------------------------------------------
    LR07-1      Bill                 165      167      2.0     0.07    101.3
    including                        165      166      1.0     0.05    159.0
    -------------------------------------------------------------------------
    LR07-2      Bill-North           176      178      2.0     0.14    260.3
    -------------------------------------------------------------------------
    LR07-3      Far North          172.5      177      4.5     0.11     13.6
    including                        176      177      1.0     0.31     19.0
    -------------------------------------------------------------------------
    LR07-4      South Drive          178      179      1.0     0.02     96.0
    -------------------------------------------------------------------------
    LR07-5      Main-Central         181    182.5      1.5     0.02    446.7
    including                      181.5      182      0.5     0.03   1085.0
    -------------------------------------------------------------------------
    LR07-6      Main-Northern      179.5    181.5      2.0     0.14    775.5
    including                      180.5      181      0.5     0.01   1960.0
    -------------------------------------------------------------------------
    LR07-7      Los Alisos South    47.5     48.0      0.5     0.58     85.0
    -------------------------------------------------------------------------

    Notes: (m) = Metres. Length is reported in metres of drilled
           core and is not necessarily the "true" width.
           Au and Ag g/t: Gold and silver grades are reported in units of
           grams per tonne gold and silver.
    
    The Company has implemented a quality assurance and control (QA/QC)
program to ensure sampling and analysis of all exploration work is conducted
in accordance with the best possible practices. The drill core is sawn in half
with half of the core samples shipped to ALS Chemex Laboratory Services in
Hermosillo, Sonora, Mexico for sample preparation and analysis. The other half
of the core is retained in secure custody at the Mexivada office in Yécora for
future assay verification. The company QA/QC policy includes the chain of
custody monitoring, insertion of blanks, standards and duplicates in the
initial samples submitted. The laboratory provides an additional internal
control program.
    This press release and its contents have been reviewed by Richard R.
Redfern, Mexivada's President, who is a Certified Professional Geologist and
Qualified Person as defined under National Instrument 43-101.

    About Mexivada Mining Corp.
    ---------------------------
    Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada,
and the ROC Republic of Congo. Managed by experienced and successful board
members and advisors, Mexivada is well financed with no debt. For further
information, including area maps, sections, and photos, please visit our web
site at www.mexivada.com or contact us by e-mail at info@mexivada.com.

    ON BEHALF OF THE BOARD OF DIRECTORS

    "RICHARD R. REDFERN"

    Richard R. Redfern
    President

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    Caution Concerning Forward-Looking Statements

    This news release and related texts and images on Mexivada's website
contain certain "forward-looking statements" including, but not limited to,
statements relating to interpretation of mineralization potential, drilling
assay results, future exploration work, and the expected results of this work.
Forward looking statements are statements that are not historical facts and
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: risks related to
fluctuations in metals and diamond 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, governmental, social, or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived
potential of the company's projects; uncertainties involved in the
interpretation of sampling and drilling results and other tests; the
possibility that required permits may not be obtained in a timely manner; risk
of accidents, equipment breakdowns or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in
these work programs. Forward-looking statements contained in this release are
based on the beliefs, estimates, and opinions of management on the date the
statements are made. There can be no assurance that such statements will prove
accurate. Actual results may differ materially from those anticipated or
projected. Mexivada Mining Corp. undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates, opinions, or
other factors, should change.





For further information:

For further information: LionsGate Communication Corp., Telephone: (866)
922-6774, or (604) 866-7700, info@mexivada.com, www.mexivada.com

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