EGM Statement

Medoro Resources Ltd
25 May 2006

For Immediate Release



NEWS RELEASE

Medoro Resources Ltd. Announces Share Consolidation

TORONTO, Thursday, May 25, 2006 - Medoro Resources Ltd. announces that as set
out in the Management Information Circular posted on or about 27 April 2006, the
Share Consolidation, along with all other proposed resolutions, was approved by
shareholders at the Company's Annual General and Special Meeting held on 19 May
2006.  The record date for the Share Consolidation for AIM purposes will be 6:00
p.m. on Wednesday 24 May 2006. Following the consolidation, Medoro Resources
will have an issued share capital of 32,771,782 common shares of no par value.
Dealings in the consolidated shares are expected to commence on AIM at 8:00 a.m.
on Friday 26 May 2006.  Similarly as of Wednesday, May 24, 2006, the common
shares trade on a consolidated basis on the Canadian TSX Venture Exchange under
the symbol (MRS).

All terms in this announcement have the same meanings as in the Management
Information Circular, unless the context requires otherwise.

Medoro Resources is a gold exploration and development company focused on
acquiring properties of merit for potential joint ventures with senior
producers.

FOR FURTHER INFORMATION

Peter Volk
Secretary
1 [phone]
[e-mail]

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE




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