Medoro Resources Ltd.
TSX VENTURE : MRS

Medoro Resources Ltd.

March 09, 2009 15:50 ET

Medoro in Total Support of Director

TORONTO, ONTARIO--(Marketwire - March 9, 2009) - Medoro Resources Ltd. (TSX VENTURE:MRS) announced today that its board has considered the allegations made by Coalcorp Mining Inc. in its news release dated March 5, 2009 against Jose Francisco Arata, an Executive Vice President and a director of Medoro. The Board has reviewed Mr. Arata's roles within Medoro and has determined that the allegations made against Mr. Arata have not caused it to question Mr. Arata's tenure or position with Medoro. The board has expressed its complete support for Mr. Arata as he pursues private remedies against Coalcorp.

Medoro Resources is a gold exploration and development company focused on acquiring properties of merit for potential joint ventures with senior producers. The company holds a 100% interest in the Lo Increible 4A and 4B concessions in Venezuela and interests in seven gold exploration areas in the Republic of Mali. Additional information on Medoro Resources can be found by visiting the company's website at www.medororesources.com.

Neither 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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