SOURCE: Eldorado Exploration, Inc.

March 18, 2008 09:45 ET

Eldorado Exploration, Inc. Announces 15c211 Filing

Nebraska Prospects Initial Funding Phase Completed

IRVINE, CA--(Marketwire - March 18, 2008) - Eldorado Exploration (PINKSHEETS: EDEX), a California based Oil and Gas exploration company, announced today that the Company is filing a 15c211 with the SEC in its plan in becoming a fully reporting Bulletin Board trading stock.

Also, EDEX has secured the initial phase of funding to drill 3 'PIP' identified Nebraska prospects. The prospects range in size from a potential of 10 up to 40 wells with reserves from 100,000 to 250,000 BBLs per well. Drilling is expected to commence as early as May 2008. The second funding phase is in process and will be used to finish completion and testing of the Mesa gas discovery in New Mexico.

About Eldorado Exploration

Eldorado Exploration, Inc. uses a technological process called PASSIVE INDUCED POLARIZATION (PIP), which greatly enhances the odds of finding commercial quantities of Oil and Gas. The process helps eliminate geological prospects that will be dry holes. Strong signals indicate commercial potential of discovering Oil and / or Gas. No signal or weak readings indicate low probability for a successful find. The cost of evaluating prospects is a small fraction of 3-D Seismic and takes much less time. 'PIP' technology takes days instead of months or years for 3-D Seismic.

Safe Harbor Statement

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Eldorado Exploration, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information