Meadow Bay Gold Closes $2.5 Million Private Placement Financing

VANCOUVER, British Columbia, Sept. 23, 2011 /PRNewswire/ -- Meadow Bay Gold Corporation ("Meadow Bay Gold") (TSXV: MAY) (OTCQX:MAYGF) has closed a non-brokered private placement financing of $2.5 million consisting of the issuance of 2.5 million common shares priced at $1.00.  There are no warrants attached to the common shares.  Compensation was paid to certain finders.  The financing is subject to TSXV approval and the shares will bear the four-month standard hold period.

The funds generated will be used to continue advancement of the Meadow Bay Gold's former producing Atlanta Mine in Nevada including ongoing exploration and development activities.

Meadow Bay Gold Corporation

Robert Dinning, CEO
Tel:   604-907-0901

Launch IR
Matthew Harrington
Tel:   613-882-7467

Goal Capital
Danny Gravelle
Tel:   949-481-5396

SOURCE Meadow Bay Gold Corporation