Mandorin Goldfields Inc.

Mandorin Goldfields Inc.

March 15, 2005 01:00 ET

Mandorin: Appointment of Chief Executive Officer to be Instrumental in Advancing Company to Producer Status


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MANDORIN GOLDFIELDS INC.

TSX VENTURE SYMBOL: MGD

MARCH 15, 2005 - 01:00 ET

Mandorin: Appointment of Chief Executive Officer to be
Instrumental in Advancing Company to Producer Status

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 15, 2005) - Mandorin
Goldfields Inc. ("Mandorin" or "the Company") (TSX VENTURE: MGD) is
pleased to announce the following:

APPOINTMENT OF CHIEF EXECUTIVE OFFICER

The Board are pleased to report that Mr. Errol Smart ND, NHD, B.Sc.
(Hons), PrSciNat will be joining the Company from April 1, 2005 in the
capacity of Chief Executive Officer, he will also be joining the Board.

His appointment is instrumental in the Company achieving its plans to
advance to producer status.

Mr. Smart is experienced in all facets of exploration, development and
management of gold mines. In 1997 he was seconded from Anglo American
Prospecting to Cluff Mining PLC where he became a full time employee in
1998. In 2002 he joined Metallon Gold (an emerging South African Mining
House) and played a key role in developing and restructuring their
Southern African operations in the capacity of Group Technical Director.

He brings to Mandorin an ability to locate, analyse and develop
underutilized gold production projects. In particular he has
demonstrated an ability to optimise mining and extraction methods and
apply industry best practice to fully delineate mineral resources and
reserves. He has recently brought into production the Agnes Mine in
South Africa where he, and his production team, successfully adapted and
utilised elements of the GEOCOAT bio-oxidation technology to maximise
the recoveries from the refractory ore body.

In addition to establishing Mandorin as a gold producer he will be
employing his refractory ore processing expertise as the company
continues its search for suitable production and exploration
opportunities in China. He will also be advancing the Company's diamond
exploration strategy in conjunction with Dr. Stephan Meyer.

PROGRESS WITH 2005 KEY MILESTONES

As announced on December 15, 2004 the Board has set a number of Key
Milestones for 2005. Considerable, and encouraging, progress has been
made during Q1 and with the appointment of Mr. Smart it is anticipated
that further substantive progress will be made in the following quarters.

The Board is very pleased to have attracted mining industry executives
of the calibre of Mr. Mark Dugmore, Director of Exploration and now Mr.
Errol Smart. We welcome him and will make every effort to ensure the
talented team are productively employed in the pursuit of enhanced
shareholder value.

On behalf of Mandorin Goldfields Inc.

Malcolm L. Stevens, Chairman and President

Statements in this press release other than purely historical
information, including statements relating to the Company's future plans
and objectives or expected results, constitute forward-looking
statements. Forward-looking statements are based on numerous assumptions
and are subject to all of the risks and uncertainties inherent in the
Company's business, including risks inherent in mineral exploration and
development. As a result, actual results may vary materially from those
described in the forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mandorin Goldfields Inc.
    Malcolm L. Stevens
    011 612 9247 5355
    011 612 9247 5344 (FAX)
    mls@canaustra.com.au
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.