VANCOUVER, April 18 /CNW/ - Mediterranean Resources Ltd. (TSX.V: MNR)
("Mediterranean") is pleased to announce that its shares have been accepted
for trading on the Frankfurt Stock Exchange under the trading symbol MHM1.
"Listing on the Frankfurt Stock Exchange will greatly increase the
profile of Mediterranean," stated Dr. Peter Guest, President and Chief
Executive Officer of Mediterranean. "We believe this new avenue of
distribution represents a great opportunity to increase our liquidity and
broaden our shareholder base."
The Frankfurt Stock Exchange is the largest of the eight German stock
exchanges and is ranked as one of the world's largest trading centers for
securities. The Frankfurt Stock Exchange facilitates advanced electronic
trading, settlement and information systems. Thus, it is able to meet the
steadily growing requirements of cross-border trading. For more information on
the Frankfurt Stock Exchange, visit www.exchange.de.
About Mediterranean Resources Ltd.
Mediterranean acquires and develops advanced stage mineral properties of
demonstrated potential. Currently Mediterranean is actively working on its two
100% owned gold properties in Turkey, that saw more than US$4 million of
development by a major international mining company during the 1990's.
During 2006, Mediterranean 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 a uncapped basis with average grades of 2.01 g/t gold and 0.13%
copper at a 1.0 g/t gold cut-off. During 2007, Mediterranean will continue
drilling the Tac Property with a goal of increasing these resources, and will
also drill the Corak Property with the goal of completing a NI 43-101
compliant resource. Please visit www.medresources.ca for additional
The TSX Venture Exchange 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,