Medoro Resources Announces 2008 First Quarter Results, AIM De-Listing

The company also announces that at the Annual and Special Meeting held on May 27, 2008 all resolutions were passed, including the motion to de-list from the AIM market. As a result, the last day of dealings of the company's shares on AIM will be June 5, 2008. Cancellation of the admission to trading on AIM will occur on June 6, 2008 and will be effected by a dealing notice being issued at 7.00am. The company is continuing its diamond drilling program at its Lo Increible gold property in Venezuela. The program is intended to increase and enhance existing resources at La Cruz, La Sofia and Tapon. The company expects to prepare an updated resource estimate in the fourth quarter of this year. A drilling program has commenced at its Sindo property in Mali, with three holes completed to date.