Mazorro Resources Inc.

Mazorro Resources Inc.

April 15, 2008 15:30 ET

Mazorro Resources Completes Initial Public Offering

OTTAWA, ONTARIO--(Marketwire - April 15, 2008) - Mazorro Resources Inc. ("Mazorro" or the "Company") is pleased to announce that it has completed its previously-announced initial public offering by issuing 5,000,000 units at a price of $0.30 per unit, for gross proceeds of $1,500,000. Mazorro's common shares are expected to commence trading in the next few days on the TSX Venture Exchange under the symbol "MZO".

Each unit consists of one common share of Mazorro and one-half of one common share purchase warrant of Mazorro. One full common share purchase warrant entitles the holder to purchase an additional common share of the Company at a price of $0.40 until October 15, 2009.

Haywood Securities Inc. acted as agent for the initial public offering. At closing, Mazorro granted compensation warrants to Haywood Securities entitling Haywood Securities to acquire up to 500,000 units of Mazorro at a price of $0.30 per until October 15, 2009.

The funds raised through the IPO will be used by Mazorro to fund a drilling and exploration program on the Cimarron gold property located 40 km east of Mazatlan in Sinaloa, Mexico and for general corporate purposes. The planned exploration includes a drilling program of approximately 5,000 meters. A description of the recommended exploration program for the Cimarron gold property is summarized in Mazorro's final prospectus. A copy of the final prospectus is available under Mazorro's profile on SEDAR at

Following the closing of the initial public offering, there are 12,118,332 common shares of Mazorro issued and outstanding.

Mazorro's common shares have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons, absent U.S. registration or an applicable exemption from U.S. registration requirements.

Mazorro is a mineral exploration company that has an option to acquire a 60% interest in the Cimarron gold property located 40 km east of Mazatlan in Sinaloa, Mexico.

Certain statements contained herein constitute "forward-looking statements". These forward-looking statements are based on current expectations. The nature, timing and extent of the exploration programs may materially change from current intentions for a number of reasons. Additionally, "forward -looking statements" look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as "plans," "intends," "anticipates," "should," "estimates," "expects," "believes," "indicates," "targeting," "suggests," "potential" "interpretation" and similar expressions. These forward-looking statements, including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered or if known and unknown risks or uncertainties affect our business, or if our estimates or assumptions prove inaccurate. The Company assumes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or any other reason. Investment in the units is subject to certain risks, which are described in the prospectus.

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