Drilling Report

Medoro Resources Announces Filing of Revised Technical Report

 

    TORONTO, May 16 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announced

today that a revised NI-43-101 Technical Report on the Lo Increible 4A and 4B

exploration properties located in the El Callao area of the State of Bolivar,

Venezuela has been received and filed on SEDAR (www.sedar.com). The Technical

Report was prepared by Mayes Consulting Ltd., is dated May 15, 2006 and is

also available on the company's website.

    On March 22, 2006, the Company reported historical indicated resources of

5,920,000 tonnes (at) 3.9 g/t Au, which was obtained from previously

published, third party sources. However, these sources contained a

mathematical error; the correct historical indicated resources of 3,389,000

tonnes (at) 3.7 g/t Au were reported in the company's news release of

April 27, 2006 and appear in the current Technical Report.

 

    Medoro Resources is a gold exploration and development company focused on

acquiring properties of merit for potential joint ventures with senior

producers.

 

    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, [phone],

pvolk(at)medororesources.com

    (MRL.)