DRI Xiana Mining, Inc.

Dorato Resources Inc. ("Dorato" or the "Company") (TSX
VENTURE:DRI)(FRANKFURT:DO5) is pleased to announce that it has closed its
previously announced non-brokered private placement financing through the
issuance of 13,190,391 shares at a price of $0.09 per Share for total gross
proceeds to the Company of $1,187,135 (the "Offering"). 


The securities issued pursuant to the Offering are subject to a hold period that
will expire on September 26, 2012. The Offering received TSX Venture Exchange
("TSXV") acceptance on May 24, 2012.


Proceeds from the Offering will be used to finance initial exploration of its
Deborah Gold Property (100% owned) in Cajamarca, Peru and for general working
capital.


The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, or any State Securities Laws and may not be
offered or sold in the United States or to U.S. persons unless an exemption from
registration is available. This news release does not constitute an offer to
sell or a solicitation of an offer to buy any of the securities described herein
in the United States.


About Dorato Resources Inc.

Dorato Resources Inc. is mineral exploration company focused on the highly
prospective Northern Peru copper-gold porphyry-epithermal belt. The Company has
property rights in two geographic centres:




--  Cajamarca Region Project-- Dorato has acquired rights on the Deborah
    property, which is nestled between several important copper-gold
    deposits, including Michiquillay and El Galeno. 

--  Cordillera del Condor Asset-- one of the most important gold-bearing
    districts in northern Peru since pre-Incan times. Dorato, through a
    series of option agreements has the right to wholly acquire an extensive
    land package of approximately 1,050-square-kilometres, providing the
    Company with the largest land position in the Cordillera del Condor. 



The Company focuses on grassroots opportunities in strategically important
locations where prospectivity can be demonstrated by proximity to existing
deposits. The Cajamarca Region, in contrast, is an established mining district
with excellent infrastructure. The Deborah property is a foothold for Dorato
into an established area with excellent exploration potential. The Cordillera
del Condor project represents an exceptional land position and an emergent
copper-gold district, located close to the border with Ecuador. This remote area
of Peru was unexplored until recently, but it is located within kilometres of
recent discoveries like Fruta del Norte and the Mirador District (both located
just across the border in Ecuador).


On behalf of the board of directors of DORATO RESOURCES INC.

Gord Neal, Director

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements and forward-looking
information (collectively, "forward-looking statements") within the meaning of
applicable Canadian and US securities legislation. All statements, other than
statements of historical fact, included herein including, without limitation,
statements regarding the anticipated content, commencement and cost of
exploration programs, anticipated exploration program results, the discovery and
delineation of potential mineral deposits/resources/reserves, business and
financing plans and business trends, are forward-looking statements. Although
the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Forward-looking
statements are typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. The Company cautions investors
that any forward-looking statements by the Company are not guarantees of future
results or performance, and that actual results may differ materially from those
in forward looking statements as a result of various factors, including, but not
limited to, variations in the nature, quality and quantity of any mineral
deposits that may be located, variations in the market price of any mineral
products the Company may produce or plan to produce, the Company's inability to
obtain any necessary permits, consents or authorizations required for its
activities, the Company's inability to produce minerals from its properties
successfully or profitably, to continue its projected growth, to raise the
necessary capital or to be fully able to implement its business strategies, to
obtain the required supreme decree from Peruvian authorities and other risks and
uncertainties disclosed in the Company's Amended 2010 Annual Information Form
filed with certain securities commissions in Canada and the Company's 2010
Annual Report on Form 40-F filed with the United States Securities and Exchange
Commission (the "SEC"), and other information released by the Company and filed
with the appropriate regulatory agencies. All of the Company's Canadian public
disclosure filings may be accessed via www.sedar.com and its United States
public disclosure filings may be accessed via www.sec.gov.

Xiana Mining, Inc. (TSXV:DRI)
Historical Stock Chart
From May 2024 to Jun 2024

Xiana Mining, Inc. (TSXV:DRI)
Historical Stock Chart
From Jun 2023 to Jun 2024