capital raising

FULLY UNDERWRITTEN RENOUNCEABLE RIGHTS ISSUE
Midas is pleased to announce a renounceable rights issue (“Rights Issue”) to raise
approximately $3 million before costs. The Rights Issue offers:
• Two new shares for every seven shares held at the record date for an application
price of 6 cents per new share, and a free attaching option with every new share.
• The attaching free options have an exercise price of 10 cents each and expire three
years after the date of issue.
The Company will apply for the quotation of new shares and new options on the ASX.
The Rights Issue is fully underwritten by Patersons Securities Limited and Midas has
incorporated a top up facility whereby eligible shareholders may apply for additional shares
and options in excess of their entitlement at the issue price. Additional shares and options will
only be available to the extent that other eligible shareholders do not take up their entitlements.
The funds raised will be used to continue the Company’s active exploration programs and for
working capital .
The Prospectus relating to this Rights Issue is expected to be lodged with ASIC and ASX on
Friday, 18 April 2008 and will be available after lodgement on the ASX website
www.asx.com.au and also on the Company’s website www.midasresources.com.au.

Cheers
Matt