Meadow Bay Gold Corporation reported that it has received a determination letter from the Bureau of Land Management (BLM) for its Atlanta Gold Mine Project, Lincoln County, Nevada. The BLM has determined that the exploration plan submitted by the company will not cause undue environmental degradation and has set a reclamation bond. The Plan of Operation (PoO) will allow for an additional 69 exploration drill pads along with access routes to the drill pads. The preponderance of these drill pads will be in the Western Knolls where exploration by the Company has consisted of extensive geochemical sampling of both rocks and soils. In addition, Quantec Geophysics has conducted both IP/resistivity and magnetic surveys over the Western Knolls. This exploration has revealed a large area of silicified and mineralized volcanic rocks underlain by shallow zones of IP chargeability. It is emphasized that the Western Knolls has never been tested by drilling and represents an attractive, well-documented exploration target. Drilling could begin as early as Spring 2013. The company has also been advised by its independent consultants, Gustavson Associates that they are nearing completing of work relating to its resource estimate update and new Technical Report pursuant to NI 43-101.

The company also announced the resignation of its interim CEO, Alexander Khutorsky. Robert Dinning, Chairman and former CEO, will resume his duties as CEO. Mr. Khutorsky is returning to the Investment Banking Industry but will remain a Director of the company. The company also announced that Atlanta Mine Project Manager Dr. Douglas Oliver will be appointed Vice President of Exploration by the board of directors.