Mediterranean announces significant drill results and completion of 2007 drill campaign at Corak



    VANCOUVER, Feb. 7 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR,
Frankfurt: MHM1) (the "Company") today announced significant drill hole
results in the Village and South Zones confirming the gold and base metal
potential of the 800 metre mineralized trend of the Corak gold property held
by the Company in northeastern Turkey.
    Four diamond core drill holes all drilled to an approximate depth of
245 metres along the south boundary of the Village and South Zones returned
values that confirm the 800 metre southwest to northeast mineralized trend to
be open to the south. Drill hole CD-146 drilled to infill along the south side
main road returned 4.90 % Zn and 2.48 % Pb over 6.5 metres. Drill hole CD-148
drilled to follow-up on high grade mineralization discovered from earlier
drilling in the South Zone intersected several narrow veins of polymetallic
mineralization with high gold and base metal grades close to surface (see
table below). Drill hole CD-160 drilled to follow-up on high grade
mineralization determined in the Village Zone returned 4.04 g/t Au over
5.9 metres, 3.36 g/t Au and 11.19 % Zn over 1.1 metres and 2.36 g/t Au over
3.4 metres. Drill hole CD-163 drilled to infill to the west returned 26.02 g/t
Au, 18.89 % Zn and 7.55 % Pb over 2.5 metres along with other near surface
high grade values in narrow polymetallic mineralized veins. These results
reinforce the gold and base metal resource potential of the property.
    The historic resource potential at Corak, surmised from exploration
drilling in the South and Village Zones and soil sampling completed by a major
mining company in the early 1990s, which predates and is non-compliant with NI
43-101, is 1.8 million tonnes averaging 10 g/t gold. As a qualified person has
not performed sufficient work to classify the historical estimate as current
mineral resources, the Company is not treating the historical estimate as
current mineral resources and the historical estimate should not be relied
upon.
    Refer to the table below for detailed results and
http://www.medresources.ca/s/Maps.asp for a map of the Corak project area
showing the mineralized zones and drill hole locations.

    
    -------------------------------------------------------------------------
    CD-146     From     To    Interval     Au      Ag      Cu     Pb     Zn
                (m)     (m)     (m)       (g/t)   (g/t)    (%)    (%)    (%)
    -------------------------------------------------------------------------
             106.2   109.7         3.5    0.33   18.36   0.14   1.37   3.45
    -------------------------------------------------------------------------
       and   143.9   150.4         6.5    0.44    5.93   0.16   2.48   4.90
    -------------------------------------------------------------------------
       and   168.2   168.8         0.6    2.08    3.55      -   1.48   2.32
    -------------------------------------------------------------------------
       and   197.7   198.9         1.2    0.82    8.55   0.54   3.03   6.94
    -------------------------------------------------------------------------
       and   248.5   252.6         4.1    0.17   16.85   0.34   1.21   2.44
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CD-148     From     To    Interval     Au      Ag      Cu     Pb     Zn
                (m)     (m)     (m)       (g/t)   (g/t)    (%)    (%)    (%)
    -------------------------------------------------------------------------
               0.0     6.5         6.5    1.41    6.77      -   1.64   0.43
    -------------------------------------------------------------------------
       and    13.8    17.8         4.0    1.77    4.21   0.12   0.68   1.22
    -------------------------------------------------------------------------
       and    41.4    42.0         0.6    0.37   17.50   0.58   6.71  10.95
    -------------------------------------------------------------------------
       and    47.3    54.0         6.7    1.12   16.34   0.59   2.89   4.50
    -------------------------------------------------------------------------
       inc    48.6    49.1         0.5    1.55   37.20   0.98   5.05  16.15
    -------------------------------------------------------------------------
       inc    52.9    54.0         1.1    0.90   55.80   1.82  12.30  14.70
    -------------------------------------------------------------------------
       and    55.1    73.8        18.7    0.21    4.23      -   0.47   1.15
    -------------------------------------------------------------------------
       inc    69.4    70.1         0.7    0.49   28.60   0.70   8.77  26.00
    -------------------------------------------------------------------------
       inc    73.6    73.8         0.2    0.31   25.90      -   9.26   8.40
    -------------------------------------------------------------------------
       and    82.6    82.8         0.2   58.70    7.30      -   0.25   0.86
    -------------------------------------------------------------------------
       and    85.9    88.0         2.1    0.65   13.70   0.16   1.69   5.32
    -------------------------------------------------------------------------
       and   132.2   132.3         0.1   50.80   15.30   0.22   0.79   6.20
    -------------------------------------------------------------------------
       and   143.8   145.9         2.1    1.81    0.82      -      -   0.12
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CD-160     From     To    Interval     Au      Ag      Cu     Pb     Zn
                (m)     (m)     (m)       (g/t)   (g/t)    (%)    (%)    (%)
    -------------------------------------------------------------------------
              28.0    33.9         5.9    4.04   10.82   0.10   2.73   1.56
    -------------------------------------------------------------------------
       and    59.5    96.3        36.8    0.99    2.45      -   0.35   0.64
    -------------------------------------------------------------------------
       inc    66.3    72.8         6.5    1.65    0.76      -      -   0.20
    -------------------------------------------------------------------------
       inc    86.3    87.4         1.1    3.36    8.64   0.29   1.20  11.19
    -------------------------------------------------------------------------
       inc    90.8    91.8         1.0    7.26    2.21      -   0.14   0.71
    -------------------------------------------------------------------------
       inc    96.1    96.3         0.2   29.80   11.90      -   0.36   2.53
    -------------------------------------------------------------------------
       and   171.6   175.0         3.4    2.36    2.90      -   1.13   1.98
    -------------------------------------------------------------------------
       inc   172.1   172.8         0.7   11.25    3.50      -   0.87   1.59
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
    CD-163     From     To    Interval     Au      Ag      Cu     Pb     Zn
                (m)     (m)     (m)       (g/t)   (g/t)    (%)    (%)    (%)
    -------------------------------------------------------------------------
       and    55.8    56.0         0.2   12.70    7.50   0.35   0.23   5.35
    -------------------------------------------------------------------------
       and   119.2   119.6         0.4    2.84    9.40     -    3.28   6.23
    -------------------------------------------------------------------------
       and   138.5   141.0         2.5   26.02   52.12     -    7.55  18.89
    -------------------------------------------------------------------------
       and   151.0   151.4         0.4  110.50   56.10     -   16.25  24.80
    -------------------------------------------------------------------------
       and   177.4   184.6         7.2    0.12    4.16     -    1.15   2.85
    -------------------------------------------------------------------------
    

    The 2007 drill campaign conducted at Corak has been concluded with the
completion of approximately 17,500 metres conducted over an area including the
Village and South Zones representing approximately 30% of the Corak operating
license. A NI 43-101 compliant resource estimate is expected by February 29,
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

    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 Corak approximately
8 kilometres to the southwest of Tac. 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 them with an undivided interest. The Company has
also initiated ground exploration programs at Cevreli, approximately two
kilometres to the southwest of Tac and at Celtik, approximately two kilometres
to the northeast of Tac on the south side of the Coruh river. Both areas are
located along the common mineralized trend linking Tac and Corak. The purpose
of this is to identify drill targets and open up a two additional areas of
exploration along the 11 kilometre trend in 2008.
    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 with the goal of updating the compliant resource
estimate by February 29, 2008. The Company has also conducted a 17,500 metre
drill campaign at Corak with the goal of completing a NI 43-101 compliant
resource estimate also by February 29, 2008.

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





For further information:

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

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Mediterranean Resources Ltd.

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