Meadow Bay Gold: Conditionally Approved for Graduation to TSX

Vancouver, Canada – January 10, 2012 – Meadow Bay Gold Corporation (“Meadow Bay Gold”)  (TSXV:MAY)  (OTCQX:MAYGF) has received conditional approval for its common shares to be listed on the Toronto Stock Exchange (“TSX”), subject to customary deliverables.  Meadow Bay Gold’s common shares will commence trading on the TSX, once final approval is received, under the symbol “MAY”.

“Meadow Bay Gold’s graduation to the TSX is a testament to the significance and quality of the historic Atlanta Gold Mine, a former producer in the State of Nevada.  As the premier stock exchange for resource companies, the TSX will enable Meadow Bay Gold to broaden its global investor reach as it executes its business plan of building a multi-million ounce gold deposit,” said Robert Dinning, CEO of Meadow Bay Gold.

In connection with the listing on the TSX, the Corporation will apply to voluntarily delist its common shares from the TSX Venture Exchange, such delisting to be effective as of the date the common shares commence trading on the TSX.

For more information please contact;

Meadow Bay Gold Corporation
Robert Dinning, Chairman and CEO
604-641-4450

Danny Gravelle, Investor Relations
Goal Capital
949-481-5396

Bobby Mullins, First Canadian Capital Corp.
1.866.580.8891

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.

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.

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.