Drilling Report

Medoro Resources File Technical Report on Mali Properties

    TORONTO, Oct. 22 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS/AIM: MRL)
announced today that it has filed a Technical Report regarding its recently
acquired rights to gold properties in Mali. The Technical Report is dated
August 2007, has been prepared pursuant to National Instrument 43-101
"Standards of Disclosure for Mineral Projects", and was prepared by Gareth
O'Donovan, FIMMM, CEng, Principal Exploration Geologist of SRK Exploration
Services Ltd., which is independent of the company.
    On September 17, 2007, the company acquired rights to seven properties in
Mali pursuant to an option arrangement it entered into earlier in the year. Of
the optioned properties, the company exercised its option with respect to
Samaya, Kangare, Bantango (formerly Bantanko), Balandougou, Nimissila, Kekoro
Sud and West Nyaouleni. The company did not exercise its option in respect of
two properties, Bambadala Nord and Doubasso. The company negotiated the
acquisition of rights to two additional properties - Sindo and Manakorla.
    The company also announced the appointment of Jose Rafael Gomez as the
President of its Venezuelan operations. Mr. Gomez is a graduate of the
Venezuelan Military Academy , has a diplome d'etudes superieures in
International Law from the Institute of Haute Etudes Internationales of
Geneva, and a Masters Degree in Political Science from Harvard University. He
was an International Advisor to the President of the Bolivarian Republic of
Venezuela, holding the position of Vice-Minister, and has represented
Venezuela in various positions before UNESCO, the Organization of American
States and as a member of that country's delegation to the UN General
Assembly. As President of the Venezuelan operations, Mr. Gomez will be
responsible for overseeing the development of the Lo Increible properties and
the growth of the company's Venezuelan holdings.

    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 nine 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), [phone].

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

  
For further information: Jose Francisco Arata, Executive Vice President,
Exploration, [phone], jfarata(at)medororesources.com
(MRL)