Mediterranean Resources Ltd.
TSX VENTURE : MNR.H
NEX BOARD : MNR.H
PINKSHEETS : MNRUF

Mediterranean Resources Ltd.

November 03, 2014 18:58 ET

Mediterranean Seeks Alternative Financing and Announces Resignation of Director

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 3, 2014) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES

Mediterranean Resources Ltd. ("MNR" or the "Company") (NEX:MNR.H)(PINKSHEETS:MNRUF) will not be proceeding with the private placement previously announced on August 21, 2014 and August 25, 2014. The Company is currently considering alternative financing. The Company would also like to announce that Alex Gostevskikh has resigned as a Director of the Company for personal reasons. The Company would like to thank him for his service and wishes him well.

"Mr. Gostevskikh played a significant role in assisting the Company to return to good standing," says Chairman and CEO Robert Abenante. "We thank him for his contribution and wish him the best in his future endeavors."

Signed on behalf of the Board of Directors

Robert Abenante, Chairman, President & CEO

Neither TSX Venture Exchange have not reviewed, and do not accept responsibility for, the adequacy or accuracy of the contents of this release.

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