Magellan Gold Corporation Appoints Senior Mining Executive to Head its Minerals Subsidiary

Reno, Nevada – Magellan Gold Corporation (OTCBB: MAGE) (“Magellan” or “the Company”) is pleased to announce that Dr. Pierce Carson has accepted the position of President and Chief Executive Officer of Gulf & Western Industries, Inc., the Company’s 85% owned minerals subsidiary. Dr. Carson is an unusually well qualified mining executive who has managed the discovery, financing, development and operation of mining properties internationally and domestically over an accomplished career spanning over forty years. Among the companies he has worked for are Exxon Minerals Company, Kennecott Copper Corporation, Nord Pacific Limited and Santa Fe Gold Corporation. Dr. Carson holds a PhD in Economic and Structural Geology and an MS in Ore Deposits from Stanford University, and a Bachelor’s Degree in Geology from Princeton University.