Marlowe Regulatory News (MRL)

17 May 2006 07:00

Medoro Resources Announces Filing of Revised Technical Report TORONTO, May 16 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announcedtoday that a revised NI-43-101 Technical Report on the Lo Increible 4A and 4Bexploration properties located in the El Callao area of the State of Bolivar,Venezuela has been received and filed on SEDAR (www.sedar.com). The TechnicalReport was prepared by Mayes Consulting Ltd., is dated May 15, 2006 and isalso available on the company's website. On March 22, 2006, the Company reported historical indicated resources of5,920,000 tonnes (at) 3.9 g/t Au, which was obtained from previouslypublished, third party sources. However, these sources contained amathematical error; the correct historical indicated resources of 3,389,000tonnes (at) 3.7 g/t Au were reported in the company's news release ofApril 27, 2006 and appear in the current Technical Report. Medoro Resources is a gold exploration and development company focused onacquiring properties of merit for potential joint ventures with seniorproducers. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE For further information: Peter Volk, Secretary, (416) 603-4653,pvolk(at)medororesources.com (MRL.) ENDMEDORO RESOURCES LTD