MRL Marlowe Plc

    Medoro Resources Announces Appointment of Two Directors

    TORONTO, April 7 /CNW/ - Medoro Resources Ltd. ("Medoro") (TSX-V:
MRS/AIM: MRL) announced today that it has appointed Robert Doyle, the
company's Chief Executive Officer, and Jaime Perez Branger, to its board of
directors.
    Robert Emmet Doyle, 53, has spent the past 30 years in the mining
industry and has been involved with Medoro since inception, most recently
being appointed as Chief Executive Officer on January 31 of this year.
Previously, he has been Chief Financial Officer of Coalcorp Mining Inc. and
Pacific Stratus Energy Ltd., Chief Financial Officer of Bolivar Gold Corp. and
Chief Financial Officer of HMZ Metals Inc. Prior to that, he was a precious
metals analyst with Credit Suisse First Boston and RBC Dominion Securities. In
addition, he has held a number of financial and executive positions with
Falconbridge Limited and LAC Minerals.
    Mr. Doyle is a Chartered Director and graduated from the Ivey School of
Business in 1978 with an Honours B.A. in Business Administration and obtained
his Chartered Accountants designation in 1980 while working with
Ernst & Young.
    Jaime Francisco Perez Branger, 48, has a Master's degree in economics
from the London School of Economics and has more than 18 years of experience
in the financial and industrial sectors. Currently he is the President of
Compania Agropecuaria San Francisco, a Venezuelan, family holding company
which, among other things, holds interests in tourism and construction
companies. In addition, he is founding partner and managing director of Next
Ventures, C.A., a private financial advisor, and a member of the board of
directors of a number of companies inside and outside Venezuela related to the
financial, agricultural, commercial and tourism sectors as well as a director
of several business guild organizations. He is a director of Energentia
Resources Inc., a TSXV issuer, and until its merger with Pacific Stratus
Ventures Ltd., he was also a director of Petro Rubiales Energy Corp., an oil
and gas issuer that was listed on the TSXV. Previously he was a founding
partner of Andino Capital Markets, a Latin American investment bank where he
was directly responsible for corporate finance and private equity investments.
From 1991 to 1992, Mr. Perez managed the Corporate Finance Department at
Vestcorpartners, a regional investment bank. Prior to this, he was
Vice-President in charge of capital markets and corporate finance at Citibank,
Caracas.
    Mr. Doyle's only current appointment as an executive officer or director,
and any partnership in which he is a partner is with Medoro Resources Ltd. as
the Chief Executive Officer and a director.

    Mr. Doyle's previous appointments as an executive officer or director in
    the past five years are:

    Coalcorp Mining Inc.                      Chief Financial Officer
    Pacific Stratus Energy Ltd.               Chief Financial Officer
    Bolivar Gold Ltd.                         Chief Financial Officer

    Mr Perez's current appointments as an executive officer or any
    directorships and partnerships are:

    Compania Agropecuaria San Francisco C.A.    President and Director
    Energentia Resources Ltd.                   Director
    Medoro Resources Ltd.                       Director
    NextVentures Corp.                          Managing Director
    LW Securities Inc.                          Director
    Agropecuaria Samancito C.A.                 President and Director
    Bequeve Adventure Services C.A.             Director
    Venezuelan Beef Council (CONVECAR)          President
    Environment Committee of the                President
    Venezuelan Commerce and Industry
    Federation (FEDECAMARAS)
    Venezuelan Cebu Breeders                    Director
    Association (ASOCEBU)

    Mr. Perez's only previous directorship in the past five years was with
Petro Rubiales Energy Corp.
    There are no further disclosures to be made pursuant to Schedule 2(g) of
the AIM Rules.
    The company also announced that it granted 1,832,000 stock options to its
employees on April 2, 2008. The options have an exercise price of $0.40, no
vesting period and expire April 2, 2013. 8,878,809 common shares have been
reserved under the company's share option plan, and including the April 2,
2008 grant, there have been 6,776,988 options granted, leaving a balance of
2,101,821 options available for future grants.

    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 eleven gold exploration areas in the
Republic of Mali. Additional information on the company can be found by
visiting the company's website at www.medororesources.com. Medoro's Nominated
Adviser for the purposes of AIM is Canaccord Adams Ltd. (Ryan Gaffney/Robin
Birchall), +44 (0) 20 7050 6500.

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE


For further information: Robert Doyle, Chief Executive Officer, (416)
603-4653, rdoyle(at)medororesources.com
(MRL)


 



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