MEGA ATTENDING THE PROSPECTORS AND DEVELOPERS ASSOCIATION CONFERENCE

Thunder Bay, Ontario
March 2, 2011 Shares Issued: 74,281,980

MEGA PRECIOUS METALS INC. (MGP:TSX-V) is pleased to announce that it will be exhibiting at the 2011 PDAC Conference in Toronto. The PDAC Investors Exchange is to take place Sunday, March 6 and Monday, March 7, 10:00am to 5:30pm at the Metro Toronto Convention Centre – South Building, Level 800. Come visit Jim Rogers, President & CEO along with Glen Kuntz, COO at booth 2418A to discuss Mega’s past successes and upcoming plans.

On March 8 & 9, Mega will be participating in the Core Shack event, booth 5029B at the Metro Toronto Convention Centre – South Building, Level 700. Rory Ritchie, Project Manager (Red Lake) and Seija Saarinen, Geological Technician, will be displaying core from our Red Lake & Monument Bay Projects.

Mega Precious Metals Inc. is a well financed Canadian-based mineral exploration company with several projects in Northwestern Ontario, Manitoba and Nunavut. The Company is committed to an accelerated growth strategy and is backed by a team of experienced mining experts and a strong financial position. Mega is poised for rapid expansion through quick response to new opportunities and changes in the market. Mega's common shares trade on the TSX Venture Exchange under the symbol MGP.

For further information and presentation material, please review the Mega website at www.megapmi.com

For further information, please contact:

Mega Precious Metals Inc.

Jim Rogers, President and Chief Executive Officer

O: 807-766-3380

TF: 877-592-3380

info@megapmi.com

Forward-looking Statements

Certain statements in this press release relating to the Company’s exploration activities, project expenditures and business plans are "forward-looking statements" within the meaning of securities legislation. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements represent management’s best judgment based on current facts and assumptions that management considers reasonable. The Company makes no representation that reasonable business people in possession of the same information would reach the same conclusions. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In particular, fluctuations in the price of gold or in currency markets could prevent the Company from achieving its targets. Readers should not place undue reliance on forward-looking statements. More information about risks and uncertainties affecting the Company and its business is available in Mega Precious Metal’s filings which are posted on sedar at www.sedar.com.

There is no guarantee that drill results reported in this news release will lead to the identification of a deposit that can be mined economically, and further work is required to identify a reserve or resource.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.