January 13, 2011

News Release

Vancouver, B.C., Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) ("Mediterranean") announces the appointment of Christopher E. Ecclestone as a Director, effective today.

Christopher Ecclestone is a Principal at the boutique New York investment bank, Hallgarten & Company, which specializes in mining-related concerns. He is well-known for his consultancy to the rare earths and specialty metals industries. Prior to this position, he was the head of research at an economic think-tank in New Jersey which he joined in 2001. For ten years prior to that he was the Founding Principal of the Argentine equity research house, Buenos Aires Trust Company, from 1991 until 2001. Prior to his arrival in Argentina, he worked in London as a corporate finance and equities analyst and as a freelance consultant on the restructuring of the securities industry. He has also worked for the Federal and State governments in Australia. He is a native of Melbourne, Australia and graduated in 1981 from the Royal Melbourne Institute of Technology. More recently, Mr. Ecclestone has agreed to become the Chief Executive Officer of Rara Terra Capital Corp. upon completion by it of its qualifying transaction on the TSX Venture Exchange, involving the acquisition of rare earth mineral properties in British Columbia and Argentina.

For further information please contact:

Peter J. Guest
President & CEO

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