Medoro Announces Appointment of CFO

Medoro Resources Announces Appointment of Chief Financial Officer

 

    TORONTO, Nov. 23 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM: MRL) announced

today that Mario Miranda has been appointed as Chief Financial Officer upon

the resignation of Michael Davies. Mr. Miranda's appointment is subject to

regulatory approval.

    Mr. Miranda was from 2001 to 2004 the Chief Financial Officer of

Northfield Glass Group Inc., a wholly owned subsidiary of Northfield Capital

Corp. and a major distributor and manufacturer of glass products in Eastern

Canada. Between 1996 and 2000 he held positions as Chief Financial Officer and

CEO of Macdonald Mines Exploration Ltd. and, between 1998 and 2000 was the

Chief Financial Officer of MacDonald Oil Exploration Ltd. Mr. Miranda is a

Chartered Accountant and holds a graduate diploma in public accountancy from

McGill University and a B.A. in international economics.

    On November 19, 2004, the company granted Mr. Miranda 75,000 stock

options at an exercise price of C$0.18. The options granted cannot be traded

prior to March 19, 2005 and are exercisable until November 19, 2009.

    Medoro would like to thank Mr. Davies for his contribution to the company

and wish him every success in his new position.

 

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    %SEDAR: 00020446E

 

    For further information: Peter Volk, Assistant Secretary,

[phone], info(at)medororesources.com

    (MRL.)