Lonny Hafen
                                                   "Independent Senior Consultant"                                                                                        MSGeology  Utah State University

                                                                                                                         April 16, 2009
 To: Alan Branham, CEO. MidwayGold Corporation
 Bill Neal, VP Exploration, Midway Gold Corporation

 From: Lonny Hafen

Subject: Hafen examination of Gerald mech Taurus Properties in Arizona
 Results: Significant Results, MGC, April 2008

 l.  Taurus Properties, Gila Con AZ
            Forty samples, mostly stream sediments, were collected from the Taurus property
            owned by Gerald Blech and from the adjacent Hog Canyon owned by
           Ginger Tupper.
           The geologic setting is very interesting and permissive for.I. Placer Gold, 2.
            Lode Gold and 3. Copper associated with greenstone that has been intruded by
           Pre Cambrian granodiorite.

           The geologic environment has similarities to a paleogreenstone (back arc) terrain
           that was intruded by the Pre Cambrian GibsonCreek batholiths. Uplift resulted in
           a regional unconformity which subsequently was overlain by a thick sequenc of
           Paleozoic-Mesozoic sediments.

          Tertiary uplift and subsequent erosion has exposedthe pre-Paleozoic
          unconformity. Coarse clastic debris from this unconformity was shed southward
          into the Tonto Basin. Lode gold and copper mineralization occurs in structural
         zones in both greenstone and in adjacent Gibson Creekgranodiorite.

         Placer gold has been recoveredfrom three environments.
                     1.   Residual gravels at the unconformity.
                     2.   Extensivegravel fans which constitute the current Tertiary/Quaternary
                          pediment surface.
                     3.   Fromstream beds developed down-drainage in the pediment.

 Subject: Significant Results, MGC,April, 2008
 ll. Taurus Prolxrties. Gila Co., AZ
          None of the past placer operations have been large. (Small individual operations
          however, reported gold values recovered arevery high) Because of various
          ownership issues such as Gerald's' father wanting privacy for his family, "out
          siders" were denied entry to the area,thus no large operation has been
          attempted/allowed for many years while his father was alive.                                                                                                                       
         With the passing of the father, outside professional explorations have been
          permitted for the entire area. I and other professionals have discovered that the
          entire area is exceedingly "rich"with potential placer deposits that cover several
          square miles and are a few feet to a few 10's of feet thick.

          The reserve tonnage/yardage is excessively "vast" to attempt at calculating at this
          time. Currently several weekenders are involved in recreations placer panning on
          ground adjacent toTaurus claims.

         My field reconnaissance shows a large fan or deltasequence of gavel tongues
         that grade basin ward into lacustrine silt and mudstone beds.

         This is a large and the owner of the Taurus properties has examined small but
         significant  portions of potential prospective ground.These areas appear to be
         creditable and further explorations should be pursued with positive results
         expected. Time did not permit for more than a quick look at the environment and
         to do some very limited sampling. The PGM's that were discovered were a
         pleasant surprise and warrant further testing. If all proves out to the positive,
         these values along with the gold recovery estimates would be an additional key to
         a very lucrative return.

         Should further testing, support my initial samples reported Auvalues, MGC
         should be prepared to aggressively pursue evaluation/acquisition of the Taurus
         and adjacent properties.

 P.S. Sorry it has taken so long to get these comments toyou, but have just returned from
 Italy, Greece, and a trip to the West Coast.Also, am co-authoring two technical papers
 for presentation at the GeologicalSociety of Nevada this fall.
 If you would like, I can send you a copy of my resume, it will have to be updated to
 include the last three years activities, which resulted in Rocky Mtn. Resources acquisition
 of two potentially world-class vanadium and phosphate deposits. These are the subjects
 of the GSN papers
 Regards,
Lonnie Hafen, Senior Consultant, MS Geology, Utah State University

Signed by Lonnie Hafen 04/21/09