Maudore Minerals Ltd.

Maudore Minerals Ltd.

June 15, 2012 17:34 ET

Maudore Appoints New Chairman; Establishes Technical Advisory Board

MONTREAL, QUEBEC--(Marketwire - June 15, 2012) - Maudore Minerals Ltd. (the "Company") (TSX VENTURE:MAO)(OTCBB:MAOMF)(FRANKFURT:M6L) announced today that it has appointed Robert Pevenstein to succeed Ronald Shorr as non-executive Chairman of the Board of Directors of the Company with immediate effect. Mr. Pevenstein has served as an independent director of the Company since November 2010.

Mr. Pevenstein has extensive corporate governance experience and currently serves as Chairman of EMIDA Corporation, a technology driven networks distribution company, and on the board of directors of the University of Maryland Medical System, where he also chairs the Finance Committee. Further details regarding Mr. Pevenstein's background can be found in the Company's Management Information Circular dated May 20, 2011, which is available under the Company's profile on SEDAR at

Mr. Shorr continues to guide the Company as Chief Executive Officer, President and a Director.

The Company also announced today that it has established a technical advisory board which will consist of up to four members from various disciplines in the mining sector to supplement the technical expertise of the Board of Directors and to assist the Company with the technical evaluation, development, and related aspects of its projects. The Company is in the process of identifying the individuals who will comprise the technical advisory board. Further announcements regarding the constitution of the technical advisory board will be made in due course.

On behalf of the Board of Directors of Maudore Minerals Ltd.:

Ronald Shorr, Chief Executive Officer

The TSX Venture Exchange has not reviewed this release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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