Medoro Resources Announces Management Changes

    TORONTO, Jan. 31 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS/AIM: MRL)
announced today the appointment of Robert Doyle as Chief Executive Officer.
Giuseppe Pozzo, currently Chief Executive Officer and President, will continue
as President of the company.
    Robert has spent the past 30 years in the mining industry and has been
involved with Medoro since inception and was Executive Vice President of the
company until May 2007. Previously, he has been Chief Financial Officer of
Coalcorp Mining and Pacific Stratus Energy, Chief Financial Officer of Bolivar
Gold Corp. and Chief Financial Officer of HMZ Metals Inc. Prior to that, he
was a precious metals analyst with Credit Suisse First Boston and RBC Dominion
Securities. In addition, he has held a number of financial and executive
positions with Falconbridge Limited and LAC Minerals.
    Robert graduated from the Ivey School of Business in 1978 with an Honours
B.A. in Business Administration and obtained his Chartered Accountants
designation in 1980 while working with Ernst & Young.

    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 several 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), +44
(0) 20 7050 6500.

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


For further information: Peter Volk, (416) 603-4653
(MRS. MRL)