February 27, 2009 18:00 ET

Maestro Ventures Prioritizes Exploration Efforts, Focuses on Relieving Capital Commitments

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 27, 2009) - Maestro Ventures Ltd. (TSX VENTURE:MAP) (the "Company") announced today the Company's decision to prioritize its exploration efforts in the states of Utah and Nevada. The Company also announced it is currently negotiating the terms of a shares for debt transaction with its creditors.

"A shocking and unforeseen turn in the overall capital markets took place in the last quarter of 2008," commented Company CEO Kris Kottmeier. "The availability of third-party investment capital has greatly decreased. Maestro's board does feel, however, the potential for renewed and increased interest in junior exploration companies could occur in the near future. The recent increase in world gold/silver demand and prices leave the board confident in its focus on the exploration for precious metals in the Great Basin."

Maestro's Board of Directors (the "Board") has decided upon what it feels are the best actions to defend the Company and its shareholders.

Firstly, Maestro will focus on its top four priority exploration projects. The Board will either renegotiate capital commitments on the remaining project, or it will nullify these projects' existing lease agreements. The Company's geological department, along with the assistance of Maestro's Technical Advisory Board, agrees that the Company's Star Point, Kings Canyon, Green Springs, and Gold Ore projects are its four top priority projects.

Maestro President Hans Rasmussen explained the decision to focus on these four key projects: "While we have built a portfolio of great projects during 2008, due to a lack of exploration funding we have been forced to prioritize and keep only the highest priority projects moving forward so that we have the best chance for discovery, thus improving shareholder value in the next leg of the gold bull cycle."

Secondly, the Board is working to relieve certain existing capital commitments. Following the rules outlined in the TSX Venture Exchange Policy 4.3, the Company is currently outlining terms for a shares for debt with creditors. The Company greatly appreciates the patience shown by its valued contractors.

Finally, as projects being renegotiated may result in the nullification of existing lease agreements, the Board has decided to forego its previously announced plan to 'spin-off' projects via a plan of arrangement (see Maestro news release of September 2nd, 2008).

This news is submitted by Kris Kottmeier, CEO and Director of Maestro Ventures Ltd.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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