Meridian Gold files amended Technical Report for Minera Florida, Chile.

RENO, Nev. -- Meridian Gold Inc. ("Meridian Gold" or the "Company") (TSX:MNG)(NYSE:MDG) provides a clarification and update on the completion of the NI 43-101 Technical Report for its Minera Florida mining operations located at Alhue, Chile (referred to throughout the Technical Report as Alhue). The report, dated November 25, 2006, and amended January 17, 2007, was prepared by Qualified Persons Hrayr Agnerian, M.Sc., P.Geo, and James L. Pearson, P.Eng, of Scott Wilson Roscoe Postle Associates

Highlights from the report include:

-  At a 2.5 g/t Au (equivalent) cut-off grade, the Minera Florida
   deposit is reported to contain:
     -  Approximately 3.9 million tonnes of Measured and Indicated
        Mineral Resources at an average grade of approximately 5.21
        g/t Au, 23.37 g/t Ag, and 1.39% Zn.
     -  Included in the Measured and Indicated Mineral Resources, are
        Proven and Probable Mineral Reserves consisting of
        2.2 million tonnes at an average grade of 5.33 g/t Au,
        27.07 g/t Ag, and 1.45% Zn.
     -  The deposit is also reported to contain some 2.9 million
        tonnes of Inferred Mineral Resources at an average grade of
        approximately 5.46 g/t Au, 29.75 g/t Ag, and 1.37% Zn.
     -  The Measured, Indicated and Inferred Mineral Resources
        remaining after the economic analysis are not mineral reserves
        and therefore do not have demonstrated economic viability at
        this time. Meridian will spend $6.1 million in infill drilling
        in 2007 to convert some of the Inferred Resources to Measured
        and Indicated.
-  Gold mineralization occurs in at least nineteen mineralized veins
   and zones of hydrothermal breccia hosted by gently northeast
   dipping volcaniclastic rocks (ranging from 50 meters to 200 meters
   in length, 0.8 meters to 30 meters in thickness and extend up to
   500 meters in depth).
-  A breakdown of the estimated $59 million to be spent in capital
   over the life of the mine.

Meridian Gold Inc. is a different kind of gold company. The focus is on profitability, and the quality of the ounces produced, not the quantity of ounces produced. The quality of these ounces is measured by the value delivered to all stakeholders during the process; including all shareholders, employees and the communities and environment in which Meridian lives and operates.

Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or other future events, including forecast production, earnings and cash flows, to be materially different from any future results, performances or achievements or other events expressly or implicitly predicted by such forward-looking statements.