Mazorro Resources Inc.

Mazorro Resources Inc.

October 31, 2011 08:30 ET

Mazorro Resources Appoints Dean Hanisch as President & CEO

OTTAWA, ONTARIO--(Marketwire - Oct. 31, 2011) - Mazorro Resources Inc. (TSX VENTURE:MZO)(FRANKFURT:JAM) ("MZO" or "Mazorro") is pleased to announce that Mr. Dean Hanisch has been appointed President and Chief Executive Officer of Mazorro. Mr. André Audet who has held the positions of President and CEO on an interim basis will remain in his role as a member of the Board of Directors.

Mr. Hanisch has over 18 years experience as an entrepreneur helping build companies in a variety of industries. Since 2007 he has been acting as Business Development Lead with Paramount Gold (PZG), a US based company dually listed on both the AMEX and TSX, where he was instrumental in helping consolidate the land position through brokering numerous deals with neighboring public companies. Mr Hanisch has also been involved in helping a variety of junior mining companies gain awareness in the marketplace while acting as a partner in Launch IR. Previously, Mr. Hanisch held a variety of positions as President in the IT industry where he was instrumental in building companies that were later purchased by public companies most notably Titan Consulting Group that was acquired by Calian (CTY).

André Audet, Director of Mazorro stated: "We are pleased that Dean Hanisch has agreed to accept these management leadership roles for Mazorro. His experience in the junior mining industry and track record of achievement positions us to take Mazorro to the next level of corporate growth. A primary focus of Mr. Hanisch's role will be to develop and add to our portfolio of gold properties in the Val d'Or mining camp."

Under the terms of Mr. Hanisch's employment agreement, effective October 28, 2011, Mazorro has granted 1,000,000 stock options. These stock options are exercisable at $0.16 per share and expire October 28, 2016. This stock option grant and the appointment of Mr. Hanisch are subject to acceptance by the TSX Venture Exchange.

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

Neither the TSX Venture Exchange or 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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