Replies to post #23 on China Resources

[Ed Monton]

Maxy Gold Corp.: Broad, Anomalous Gold Values in Soil
Identified on the Niubo-Dichu Property, Luchun Gold
Project, Yunnan, China

VANCOUVER, BRITISH COLUMBIA--MAXY GOLD CORP. ("MXD") is pleased
to announce that it has received soil geochemistry assay results
from the Niubo-Dichu Property, within the Luchun Gold Project,
Yunnan Province, China.

The Niubo-Dichu ("NB") property, which hosts the separate Niubo
and Dichu prospects, is a Northwest-trending zone of shear hosted
mineralization. Previous surface trenching and small scale mining
has been focused on 200 meter (m) long mineralized zones at the
Niubo and Dichu prospects, respectively. At the Niubo prospect,
the best trench intercepted 13.47 m averaging 18.11 grams per
tonne (g/t) gold and at the Dichu prospect, situated
approximately 2.25 km Northwest of the Niubo prospect, chip
sampling over 6 m returned 20.82 g/t gold.

The soil geochemical survey was designed to test for continuity,
width and strike length of gold mineralization on the NB
property. A total of 714 soil samples were collected on 10 m
centres from fourteen, 400 m spaced Northeast trending lines,
each 500 m in length.

The main features disclosed by the gold in soil anomaly results
are: (1) anomalously high gold in soil values, with a peak value
of 2.9 g/t, exist between the high grade Niubo and Dichu
prospects, confirming the continuation of gold mineralization
between them; (2) gold in soil anomalies are much wider than the
existing small scale mining operations and in many places are
wider than 500 m, indicating that additional gold mineralization
zones parallel to the known zones exist; and (3) the gold in soil
anomaly has now been extended by two km to the Southeast of the
Niubo prospect, where a gold in soil anomaly covering the full
500 m survey width is revealed and remains open in all
directions. The soil results have also extended the gold bearing
structure by 250 m Northwest of the Dichu prospect.

The net result is that the gold in soil anomaly now extends
continuously from Northwest of the Dichu prospect, through the
Niubo prospect to the Southeast property boundary over a strike
length of 4.4 km. The Southeast and Northwest property boundaries
have now been extended a further 7.2 and 8 kms, respectively,
through the acquisition of two new exploration licenses totaling
188 square km, surrounding the NB Gold Property. The Luchun Gold
Project now encompasses 18 exploration permits covering an area
of approximately 441 square kms.

A more extensive exploration program on the expanded NB Property,
composed of soil sampling, trenching and tunneling will resume
after the Chinese New Year in preparation for a drill program.

Maxy is also pleased to announce the appointment of Mr. Adrian
Bray (B.Sc.H., Quality Management Certified) as Vice President of
Exploration. Mr. Bray has over 17 years of exploration experience
with senior and junior mining companies and brings with him a
strong set of technical and managerial skills.

Quality Control

All soil samples were sieved to -80 mesh and shipped to IPL
Laboratories (ISO 9002) sample preparation facility in Kunming
located 280 kilometres north of the NB project area. Samples were
prepped to 1% moisture content at the IPL facility and 250 grams
of each sample were air freighted to ALS Chemex in Vancouver, BC
for 30g gold fire assay by AAS analysis and 34 element ICP-AES.

Maxy Gold Corp, through its' acquisition of Sigma Resources Group
Corp., holds the right to acquire an 80% interest in the Luchun
Gold Project, which contains the Niubo-Dichu Property.

Statements in this press release other than purely historical
information, including statements relating to the Company's
future plans and objectives or expected results, constitute
forward-looking statements. Forward-looking statements are based
on numerous assumptions and are subject to all of the risks and
uncertainties inherent in the Company's business, including risks
inherent in resource exploration and development. As a result,
actual results may vary materially from those described in the
forward-looking statements.

Maxy Gold Corp.

Lou Duarte, President & CEO

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FOR FURTHER INFORMATION PLEASE CONTACT:
Maxy Gold Corp.
Lou Duarte
President
(604)-688-8811
[phone] (FAX)
Email: [e-mail]
Website: www.maxygoldcorp.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.