Mediterranean announces further significant drill results and completion of 2007 drill campaign at Tac



    VANCOUVER, Jan. 17 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR,
Frankfurt: MHM1) (the "Company") today announced significant drill hole
results in the Copper Valley area of the Tac mineralized zone that expands the
mineralization determined in the NI 43-101 compliant resource estimate
announced February 7, 2007 for its Tac gold property in northeastern Turkey.
    Results from one diamond core in-fill drill hole drilled in the centre of
the T-6 Valley to Karsibayir mineralized zone and three diamond core in-fill
drill holes drilled in the Copper Valley area of the zone continue to confirm
the presence of significant polymetallic mineralization along an approximate
800 metre strike length. Drill hole TD-129, drilled to a depth of 188 metres,
returned high gold grades and copper values over short intervals close to
surface. A drill fence of diamond core holes, TD-132, 133 and 134 drilled to
an average depth of 156 metres as in-fill holes confirmed the significance of
copper in the mineralization. TD-132 returned 0.15 % Cu over 21.9 metres at
surface, 8.1 g/t Au and 1.46 % Cu over 2.5 metres close to surface and
0.19 % Cu over 11.2 metres at a deeper level. Drill hole TD-133 returned
significant copper mineralization over the length of the hole including
7.35 g/t Au and 1.07 % Cu over 3.4 metres at depth. TD-134 returned similar
results. The results from these holes will serve to enhance the metal values
contained in the volume of material to be considered in the new resource
estimate.
    Refer to the table below for detailed results and
http://www.medresources.ca/s/Maps.asp for a map of the Tac project area
showing the mineralized gold zones and drill hole locations.

    
    -------------------------------------------------------------------------
    TD-129       From        To       Interval     Au         Ag          Cu
                  (m)       (m)         (m)       (g/t)      (g/t)       (%)
    -------------------------------------------------------------------------
                 14.0       15.0          1       9.43       2.50       0.75
    -------------------------------------------------------------------------
    and          25.6       25.8        0.2       7.02       6.40       1.26
    -------------------------------------------------------------------------
    and          64.6       67.1        2.5       0.28       0.83       0.21
    -------------------------------------------------------------------------
    and          86.2       89.4        3.2       0.72       0.35       0.16
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TD-132       From        To       Interval     Au         Ag          Cu
                  (m)       (m)         (m)       (g/t)      (g/t)       (%)
    -------------------------------------------------------------------------
                 12.9       34.8      21.90       0.10       0.50       0.15
    -------------------------------------------------------------------------
    and          36.3       38.8       2.50       8.10       5.00       1.46
    -------------------------------------------------------------------------
    and          50.8       52.3       1.50       2.04       2.47       0.33
    -------------------------------------------------------------------------
    and          60.5       62.0       1.50       4.03       0.50       0.08
    -------------------------------------------------------------------------
    and          82.0      109.3      27.30       0.73       0.65       0.13
    -------------------------------------------------------------------------
    and         120.7      131.9      11.20       1.73       0.63       0.19
    -------------------------------------------------------------------------
    inc         122.4      122.7       0.30      28.10       3.80       1.16
    -------------------------------------------------------------------------
    and         162.3      167.3       5.00       0.34       0.61       0.43
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TD-133       From        To       Interval     Au         Ag          Cu
                  (m)       (m)         (m)       (g/t)      (g/t)       (%)
    -------------------------------------------------------------------------
                 57.0       61.2        4.2       0.16       0.58       0.19
    -------------------------------------------------------------------------
    and          83.8       84.5        0.7       1.38       0.80       0.18
    -------------------------------------------------------------------------
    and          93.6       94.0        0.4       4.67       3.80       1.44
    -------------------------------------------------------------------------
    and          96.4       97.8        1.4       0.05       0.70       0.43
    -------------------------------------------------------------------------
    and         114.8      123.7        8.9       0.78       1.32       0.32
    -------------------------------------------------------------------------
    and         128.0      135.6        7.6       0.16       0.48       0.14
    -------------------------------------------------------------------------
    and         145.0      148.4        3.4       7.35       1.62       1.07
    -------------------------------------------------------------------------
    inc         147.2      147.7        0.5      49.60       2.70       1.73
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TD-134       From        To       Interval     Au         Ag          Cu
                  (m)       (m)         (m)       (g/t)      (g/t)       (%)
    -------------------------------------------------------------------------
                  0.0        4.4        4.4       0.22       0.26       0.14
    -------------------------------------------------------------------------
    and          10.5       11.1        0.6       3.71       3.93       0.62
    -------------------------------------------------------------------------
    and          15.6       16.3        0.7       0.14       0.20       0.52
    -------------------------------------------------------------------------
    and          32.7       40.7        8.0       0.08       0.41       0.24
    -------------------------------------------------------------------------
    and          59.9       65.5        5.6       1.77       1.90       0.30
    -------------------------------------------------------------------------
    and         134.6      142.6        8.0       0.53       0.56       0.20
    -------------------------------------------------------------------------
    

    The 2007 drill campaign conducted at Tac has been concluded with the
completion of approximately 7,500 metres of in-fill and extension drilling
conducted to enhance the NI 43-101 compliant resource estimate completed in
February, 2007. An update of the NI 43-101 compliant resource estimate is
expected by March 31, 2008.
    Dr. Peter Guest is the qualified person who has reviewed the data
indicated in this news release. The ALS Chemex Vancouver laboratory is using
standard fire assay and atomic absorption methods in performing all gold and
multi-element analyses. True widths of the narrow high grade veins reported
are indeterminable at this stage.

    About Mediterranean Resources Ltd.

    Mediterranean Resources Ltd. (the "Company") acquires and develops
advanced stage mineral properties of demonstrated potential. Currently the
Company is actively working on its two 100% owned properties in Turkey, Tac
and Corak, that lie along a common mineralized trend with Tac approximately
8 kilometres to the northeast of Corak. These properties experienced more than
US$4 million of exploration by a major international mining company during the
early 1990's and US$3.1 million of exploration by the Company in 2006 which
led to the Company acquiring an undivided interest in them.
    During 2006, the Company outlined at the Tac Property a NI 43-101
compliant Indicated Resource of 773,313 ozs of gold and 34,220,429 lbs of
copper on an uncapped basis with average grades of 2.01 g/t gold and 0.13%
copper at a 1.0 g/t gold cut-off. The Company has conducted a 7,500 metre
drill program at Tac in 2007 with the goal of updating the compliant resource
estimate by the first quarter, 2008. The Company also conducted a 16,500 metre
drill campaign at Corak in 2007 with the goal of completing a NI 43-101
compliant resource estimate also by the end of the first quarter, 2008. Please
visit www.medresources.ca for additional information.

    The TSX does not accept responsibility for the adequacy or accuracy of
    this release.





For further information:

For further information: Peter J. Guest, President & CEO, (604)
669-3397; Jag S. Sandhu, VP Corporate Development, (604) 306-1950

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Mediterranean Resources Ltd.

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