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Medoro Announces Gold Fields Drops

7th Nov 2005 07:00

Medoro Resources Announces Gold Fields Drops Monte Ollasteddu Option TORONTO, Nov. 4 /CNW/ - Medoro Resources Ltd. (TSX-V/AIM:MRL) has beenadvised by Bolivar Gold Corp. that Gold Fields Limited has today formallyrelinquished its right to earn a 60% interest in the Monte Ollasteddu prospectin Sardinia from Bolivar Gold, primarily as a result of continuingdifficulties in obtaining drilling permits in a timely fashion. Bolivar Gold has also advised Medoro Resources that it is reviewing itsposition with respect to its option to earn a 70% interest in MonteOllasteddu. The TSX Venture Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this release. For further information: Peter Volk, Secretary, (416) 603-4653,info(at)medororesources.com (MRL.) ENDMEDORO RESOURCES LTD

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