Mandorin Goldfields Inc.
TSX VENTURE : MGD

Mandorin Goldfields Inc.

May 01, 2007 15:15 ET

Mandorin Goldfields Announces Appointment of New Director

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 1, 2007) - Mandorin Goldfields Inc. ("Mandorin") (TSX VENTURE:MGD) is pleased to announce the appointment of Marshall Auerback as a director of Mandorin yesterday.

Marshall Auerback is an independent businessman with extensive international experience in the management of hedge and other investment funds. He has acted as both a fund manager and a strategic consultant to a number of money management and fund management firms in Asia, the U.S. and the U.K. and is currently providing consulting services to a U.K.-based hedge fund group and a U.S. bond fund manager. Many of the funds with which Mr. Auerback has been involved have specialized in the natural resources sector. Mr. Auerback brings to Mandorin his considerable experience with and understanding of the dynamics of the natural resources sector and international markets. Mr. Auerback is also an independent director of Pinetree Capital Ltd. listed on the Toronto Stock Exchange.

Mr. Auerback's appointment as a director follows Errol Smart's resignation as a director of Mandorin on the same day. Mandorin thanks Mr. Smart for his efforts in assisting with the establishment of Mandorin's new asset base. Mr. Smart continues as an executive director of an investee company of Mandorin that is developing a portfolio of gold exploration and development projects in southern Africa.

On behalf of Mandorin Goldfields Inc.

Malcolm L. Stevens, Executive Chairman and President

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

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