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 |   Mon Apr 3, 2006
Mediterranean Resources Retains Leading Investor Relations Firm
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| | Vancouver, B.C., April 03, 2006 - Mediterranean Resources Ltd. (TSX-V: MNR) (the "Company") today announced that it has retained, subject to approval of the TSX Venture Exchange, The Equicom Group Inc. ("Equicom") to provide the Company with strategic investor relations and financial communications services.
Equicom provides strategic communications services to more than 80 Canadian public companies across a diverse range of industries. Mediterranean will pay Equicom a monthly retainer fee of $6,000 for select services. The initial contract term is for 12 months. Equicom does not have an ownership interest, directly or indirectly, in Mediterranean Resources Ltd or its securities. Equicom is an employee owned firm whose principals include Barry Hildred, President and Jason Hogan, Executive Vice President.
About Mediterranean Resources
Mediterranean Resources is focused on the emerging mineral region of Turkey, where it is developing two advanced exploration stage gold properties in the northeast, Tac and Corak, that are held under option from Teck Cominco. From work completed in the early '90s by Teck Cominco, the properties have historical resource potentials, suggested by exploration drill and soil sampling, of 5 million tonnes grading 3 to 4 g/t gold at Tac and 1.8 million tonnes averaging 10 g/t gold at Corak. The Company has planned an exploration/drilling programme for 2006 and 2007 that intends to verify the historical resource and to significantly expand the known mineralization. Geological models of the resource areas will be developed and used for a NI 43-101 compliant resource estimate to be completed by the end of 2006. For a complete description of the Company's option to acquire the Tac and Corak properties, historical work done on the properties, and risks applicable to the Company and its operations in Turkey, please refer to the Company's filing statement dated February 24, 2006 and the technical reports on the properties dated November 20, 2005, all as filed on SEDAR.
About Equicom
Headquartered in Toronto, with offices in Montreal and Calgary, The Equicom Group is Canada's leading Investor Relations consulting firm. With proven expertise in developing and executing highly effective strategic communications programs, and an extensive network of investment community contacts, Equicom specializes in helping clients achieve their capital markets objectives. Equicom offers a comprehensive suite of services including: investor relations, media relations, annual report production, multimedia and web design, web casting, live event management and corporate branding. For further information, please visit www.equicomgroup.com and contact Andreas Curkovic on 416 815 0700 ext. 262 or [email protected].
ON BEHALF OF THE BOARD
"Peter J. Guest"
CEO and President
604 - 669-3397
www.medresources.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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