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Medoro Resources Share Consolidation, TSXV Symbol Change

2nd Jun 2006 07:00

Medoro Resources Announces Share Consolidation and TSXV Symbol Change TORONTO, June 1 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS, AIM: MRL)announced that it has consolidated its share capital on a seven for one basis.The company is now trading on the TSX-V under the new symbol "MRS". Effectiveat the opening on May 24, 2006, the shares of the company commenced trading onthe TSX-V on a consolidated basis. After consolidation, Medoro has approximately 32,102,139 issued andoutstanding shares, not 32,771,782 as previously announced. Medoro commenced trading on a consolidated basis on the AlternativeInvestment Market (AIM) of London Stock Exchange plc., on May 26, 2006, butmaintained its "MRL" symbol. Medoro Resources is a gold exploration and development company focused onacquiring properties of merit for potential joint ventures with seniorproducers. Further information is available on our website atwww.medororesources.com. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE 06/01/2006 For further information: Robert Doyle, Executive Vice President,(416) 603-4653, rdoyle(at)medororesources.com (MRS.) ENDMEDORO RESOURCES LTD

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