Lago Dourado Appoints Frederico Marques to the Board of Directors and Grants Stock Options

TORONTO, ONTARIO--(Marketwire - Nov. 4, 2011) - Lago Dourado Minerals Ltd. (TSX VENTURE:LDM), (the "Company") is pleased to announce that Frederico Marques has been appointed to the Board of Directors, following the Annual General and Special Meeting held Thursday, November 3, 2011.

Mr. Marques is a Brazilian lawyer and a foreign legal consultant in the Business Law group at Heenan Blaikie LLP. His practice is focused on international transactions, particularly on the natural resources, renewable energy, agribusiness and construction industries. Prior to joining Heenan Blaikie in 2007, Mr. Marques practised law for 10 years, primarily as in-house counsel in the areas of corporate and international projects working for a number of companies that included Vale S/A (mining, logistics, energy and iron- works), Brasil Telecom S/A (telecommunications) and Odebrecht S/A (construction). Mr. Marques holds a Masters and PhD (SJD) in international law and currently sits on the Board of Directors of the Brazil-Canada Chamber of Commerce (BCCC) and is a member of its executive committee and the head of its mining committee. He was also a member of the CSR Committee of the Prospectors and Developers Association of Canada from 2008 until 2011.

Additionally, the Company announces that a total of 1,420,000 options to purchase common shares of the company are being granted to directors, officers, employees and consultants at an exercise price of $0.50 per share, expiring on November 3, 2016. The grant is subject to regulatory approval.

About the Company:

Lago Dourado Minerals Ltd. is a Canadian mineral exploration company focused on advancing its 100%-owned Juruena gold project in the state of Mato Grosso, Brazil. Extensive gold mineralization has been identified over 10 square kilometres of the property and at least 0.5 million oz of gold has been mined from surface workings. The Company has conducted systematic exploration programs over portions of the property and priority target areas are now being drill tested with a Phase 1 drill campaign expected to continue through the fall of 2011. Large portions of the 70 sq. km property remain largely untested. The Company currently has 71.3 million shares outstanding.

For further information about the company, please visit www.lagodourado.com or www.sedar.com.