Mediterranean confirms presence of high grade mineralization at Corak



    VANCOUVER, Dec. 7 /CNW/ - Mediterranean Resources Ltd. (TSX.V: MNR,
Frankfurt: MHM1) (the "Company") today announced drill hole results further
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.
    A diamond core drill hole CD-141, drilled to a depth of 263 metres
between the Village and South Zones, has confirmed the existence of an
800 metre southwest to northeast mineralized trend. This hole returned a
significant interval of 1.97 g/t Au and 1.45 % Pb and 1.80 % Zn over
17.1 metres close to surface. Additional significant intervals of gold and
base metal values were also returned. Three reverse circulation drill holes
were drilled to test the northward extension of the mineralization from the
Village Zone (C-138) and the South Zone (C-149 and C-152). C-138, drilled to a
depth of 155 metres, returned a near surface interval of 5.87 g/t Au over 2
metres and high base metal grades including an interval of 4.1 % Zn over one
metre. The drill results from C-149, drilled to a depth of 188 metres and
C-152, drilled to a depth of 204 metres, confirm the presence of several
narrow veins of polymetallic mineralization with high gold and base metal
grades extending approximately 300 metres to the north from the Village and
South Zones. These results reinforce the gold and base metal resource
potential of the zone.
    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.

    
    -------------------------------------------------------------------------
              From     To     Interval    Au      Ag     Cu      Pb      Zn
     C-138     (m)     (m)       (m)     (g/t)   (g/t)   (%)     (%)     (%)
    -------------------------------------------------------------------------
               85.0    87.0          2    5.87    4.85   0.07    0.30    0.55
    -------------------------------------------------------------------------
       and    131.0   132.0          1    0.03    8.90      -    0.34    1.83
    -------------------------------------------------------------------------
       and    142.0   144.0          2    0.05    5.50   0.06    1.00    4.10
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              From     To     Interval    Au      Ag     Cu      Pb      Zn
     CD-141    (m)     (m)       (m)     (g/t)   (g/t)   (%)     (%)     (%)
    -------------------------------------------------------------------------
               25.5    42.6       17.1    1.97    9.40      -    1.45    1.80
    -------------------------------------------------------------------------
        inc    40.6    41.4        0.8   32.70   87.80   0.05   16.25   16.95
    -------------------------------------------------------------------------
        and    49.7    50.2        0.5    0.22   20.80   0.12    4.78   15.45
    -------------------------------------------------------------------------
        and    53.3    53.8        0.5   12.05   55.10      -    8.57   15.80
    -------------------------------------------------------------------------
        and    58.0    60.8        2.8    0.40    1.48      -    0.23    0.63
    -------------------------------------------------------------------------
        and    72.8    79.3        6.5    0.45    0.64      -       -    0.20
    -------------------------------------------------------------------------
        and    83.8    89.6        5.8    0.85    1.40      -    0.22    0.50
    -------------------------------------------------------------------------
        and    98.9    99.1        0.2    6.34    3.40      -    0.73    1.83
    -------------------------------------------------------------------------
        and   105.9   114.6        8.7    0.90    1.09      -    0.21    0.37
    -------------------------------------------------------------------------
        and   154.9   157.0        2.1    0.32    4.53   0.12    1.71    3.57
    -------------------------------------------------------------------------
        and   171.0   172.4        1.4    2.08    1.80      -    0.37    0.96
    -------------------------------------------------------------------------
        and   187.7   188.0        0.3    0.10   15.80   0.22    1.96   18.00
    -------------------------------------------------------------------------
        and   224.2   224.8        0.6    0.22   18.40   0.19    5.92    3.32
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              From     To     Interval    Au      Ag     Cu      Pb      Zn
     CD-149    (m)     (m)       (m)     (g/t)   (g/t)   (%)     (%)     (%)
    -------------------------------------------------------------------------
               20.0    21.0          1    1.38    1.70      -    0.28    2.10
    -------------------------------------------------------------------------
        and    81.0    82.0          1    2.87    1.40      -    0.75    1.82
    -------------------------------------------------------------------------
        and   130.0   135.0          5    2.48    3.72   0.07    0.44    1.02
    -------------------------------------------------------------------------
        and   170.0   171.0          1   13.30   10.30   0.60    0.06    0.08
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
              From     To     Interval    Au      Ag     Cu      Pb      Zn
     CD-152    (m)     (m)       (m)     (g/t)   (g/t)   (%)     (%)     (%)
    -------------------------------------------------------------------------
        and    24.0    25.0          1    0.11   18.60   0.19    3.15    0.37
    -------------------------------------------------------------------------
        and    55.0    58.0          3    0.19   39.37   0.15    1.34    0.15
    -------------------------------------------------------------------------
        and    86.0    88.0          2    2.28    3.70   0.05    0.65    0.21
    -------------------------------------------------------------------------
        and   119.0   120.0          1   24.10    0.70      -       -    0.01
    -------------------------------------------------------------------------
    

    Approximately 15,700 metres of the 20,000 metre Corak drill campaign have
been completed with the balance expected by year's end. 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 an undivided interest in them. The Company has
also initiated ground exploration at Cevreli, approximately two kilometres to
the southwest of Tac along the common mineralized trend linking Tac and Corak.
The purpose of this is to identify drill targets for 2008 and open up a third
area of exploration along the 11 kilometre trend.
    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 is conducting a 10,000 metre
drill program at Tac with the goal of updating the compliant resource estimate
by February 29, 2008. The Company is also carrying out a 20,000 metre drill
campaign at Corak with the goal of completing a NI 43-101 compliant resource
estimate also by February 29, 2008.

    
                 Or visit our website at www.medresources.ca
    

    The TSX and the TSX Venture Exchange do 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

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Mediterranean Resources Ltd.

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