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Midas Distribution Estimate


June 9, 2011 - NEW YORK, NY

A dividend distribution was declared on June 8, 2011 by Midas Fund, Inc. (NASDAQ: MIDSX) and Midas Perpetual Portfolio, Inc. (NASDAQ: MPERX) payable on June 30, 2011 to shareholders of record as of June 29, 2011. As of the date of this press release, the per share distribution is estimated as follows:


Midas Fund Ordinary income of less than $0.06 per share
No capital gain distribution

Midas Perpetual
Portfolio Long term capital gain of less than $0.03 per share

This is a preliminary estimate and may change between the date of this press release and the ex-date. A precise estimate of the amount of the distribution is not possible because the number of shares outstanding on record date cannot be determined in advance.

The distribution will be reinvested or paid out in cash, according to the instructions associated with each shareholder's account.

One of Midas' guiding principles is that we will communicate with our shareholders and prospective investors as candidly as possible because we believe shareholders and prospective investors benefit from understanding our investment philosophy and approach. Our views and opinions regarding the prospects of our portfolio holdings, Funds, and the economy are "forward looking statements" which may or may not be accurate and may be materially different over future periods. We disclaim any obligation to update or alter any forward looking statements, whether as a result of new information, future events, or otherwise. Thus, you should not place undue reliance on forward looking statements, which also speak only as of the date of the Midas communication.

The Midas Funds are managed by Midas Management Corporation, a subsidiary of Winmill & Co. Incorporated, which is engaged through subsidiaries in stock market and gold investing through its investment management of equity and gold mutual funds. To learn more about the Midas Funds, please visit www.MidasFunds.com.

Distributed by: Midas Securities Group, Inc.
Member: FINRA

Contact:

Midas Funds
Shareholder Services
1-800-400-MIDAS (6432)
www.MidasFunds.com

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