Mediterranean upgrades Yusufeli resource estimate



    VANCOUVER, April 6 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR,
Frankfurt: MHM1) is pleased to announce an upgraded mineral resource estimate
completed by SRK Consulting (Canada) Inc. ("SRK") on Mediterranean's wholly
owned Yusufeli gold and base metal properties comprising the Tac, Corak,
Celtik and Cevreli projects located in Turkey.

    Highlights of the New Resource Estimates

    
    -   The new estimates are constrained within the Whittle pit shells to
        demonstrate the potential for economic extraction replacing the
        previous global mineral resource.
    -   Given stricter and more detailed methods, resources at both Corak and
        Taç have demonstrably more economic potential than previously
        reported.
    -   At Corak, the Indicated Resource category estimate for contained gold
        is about 75% higher than previously reported, as 7,300m of infill
        drilling in 2008 upgraded the deposit.
    -   Indicated Resources of contained silver, lead and zinc at Corak were
        substantially increased in the new estimate: silver by 100%, lead by
        120% and zinc by 218%.
    -   At Taç reported metal content for gold is comparable and for copper
        is somewhat higher than in previous 2008 resource estimates. Both
        Corak and Taç remain open to resource upgrades and expansion within
        the new pit shell modelling.
    -   Approximately 6,000 metres of diamond core drilling to an average
        depth of 300 metres is planned to be conducted at each project for
        this purpose.
    -   Drill results from the Celtik project, reported in December 2008,
        indicate significant potential for resource expansion with further
        drilling.
    -   SRK is of the opinion that the Yusufeli resource has been advanced to
        a stage where a strong foundation has been set for future scoping and
        prefeasibility studies.


         Yusufeli Property Indicated and Inferred Mineral Resource(1)
                               (Grades Capped)

    -------------------------------------------------------------------------
                                                In-Situ Grade
                                 --------------------------------------------
                        TONNES                                           Au
    Category  Deposit (millions) Au    Cu (%)  Ag    Pb    Zn   NSR(2)  Eq(3)
                                (g/t)         (g/t)  (%)   (%)    ($)   (g/t)
    -------------------------------------------------------------------------
    Indicated Corak     25.70   0.76    -      1.57  0.25  0.60  27.19  1.26
              Tac       23.80   1.24   0.12      -     -     -   31.79  1.39
              ---------------------------------------------------------------
              Total     49.50   0.99   0.12    1.57  0.25  0.60  29.40  1.32
    -------------------------------------------------------------------------
    Inferred  Corak      7.80   0.53    -      1.42  0.20  0.48  20.00  0.93
              Tac        3.20   1.56   0.14      -     -     -   39.39  1.72
              ---------------------------------------------------------------
              Total     11.00   0.83   0.14    1.42  0.20  0.48  25.64  1.16
    -------------------------------------------------------------------------


    -------------------------------------------------------------------------
                                           Contained Metal
                        TONNES   --------------------------------------------
    Category  Deposit (millions)   Au      Cu      Ag         Pb       Zn
                                (M. Oz) (M. lbs) (M. Oz)   (M. lbs)  (M. lbs)
    -------------------------------------------------------------------------
    Indicated Corak     25.70    0.63        -     1.30     141.00    340.34
              Tac       23.80    0.95     64.00       -         -         -
              ---------------------------------------------------------------
              Total     49.50    1.58     64.00    1.30     141.00    340.34
    -------------------------------------------------------------------------
    Inferred  Corak      7.80    0.13         -    0.35      34.76     82.00
              Tac        3.20    0.16      9.81                  -         -
              ---------------------------------------------------------------
              Total     11.00    0.29      9.81    0.35      34.76     82.00
    -------------------------------------------------------------------------
    (1) Reported at a NSR cutoff value of US $11 per ton within a Whittle
    shell based on NSR models described below and slope angles of 55 degrees
    using 15x15x15 block model.
    Tac and Corak NSR Models are based on US $900/oz Gold, $2/lb Copper,
    $1/lb Zinc, $1/lb Lead with metal recoveries of 90% and 85% for Gold at
    Taç and Corak, respectively, and 80% Copper, 80% Silver, 81% Zinc, and
    81% Lead, the NSR values in Tac and Corak also include transportation
    refining/smelting and royalties costs; the NSR Formula used for Tac is
    NSR=22.84 x Au (g/t)+27.55 x Cu (%), and the NSR Formula used
    for Corak is NSR=21.57 x Au (g/t)+0.27 x Ag (g/t)+11.49 x
    Zn(%)+13.76 x Pb(%)

    (2) NSR is the value of the contained metals, subject to recoveries, less
    the offsite transportation and smelting/refining costs. The mining and
    processing (to a concentrate) costs are not included.

    (3) Gold Equivalent is based on US $900/oz Gold, $2/lb Copper, $1/lb
    Zinc, $1/lb Lead with metal recoveries of 90% and 85% for Gold at Taç and
    Corak, respectively, and 80% Copper, 80% Silver, 81% Zinc, and 81% Lead;
    Gold equivalent in Tac and Corak also include transportation
    refining/smelting and royalties costs; the Gold Equivalent Formula used
    for Tac is AU_EQ=Au (g/t) + 1.2062 x Cu (%), and the NSR
    Formula used for Corak is AU_EQ=Au (%) + 0.0126 x Ag (%) +
    0.5328 x Zn (%) + 0.63771 x Pb (%)
    

    Mediterranean CEO Peter Guest said, "The upgraded mineral resource
estimate provides a materially enhanced level of confidence in the economic
potential of the Yusufeli Property. SRK has provided us with a conservative
estimate, constrained by pit shell models, that demonstrates both Corak and
Taç are amenable to open-pit mining with a reasonable assumption of economic
viability. Mediterranean has the capital at hand to enhance these results with
further exploration and development programs, and to continue to build value
on the Yusufeli Properties. To date, less than 20% of our 100 square kilometre
land package has received drill exploration, and several targets remain to be
addressed. In particular, results from the Celtik discovery indicate the
possibility of a new resource equal or larger than Corak and Taç, and their
size potential is also open."
    SRK was retained by Mediterranean in June 2008 to create an updated NI
43-101 compliant mineral resource estimate for the Taç and Corak projects and
to prepare a technical report on the Yusufeli Property. Previous mineral
resource estimates for the Taç and Corak projects were prepared in March 2008
and also, for Taç, in February 2007. This current mineral resource estimate
incorporates additional infill drilling completed by Mediterranean on the
Yusufeli Property in 2008. Also, the Celtik project discovery is included in
terms of the resource potential added to the Yusufeli property.
    The upgraded mineral resource estimate level of confidence has been
materially enhanced. The mineral resource estimate summarized in the following
table is based on stricter estimation methods and more detailed geological
models than used in the previous estimates reported in March 2008. The
upgraded mineral resource is also constrained within a pit shell used to
demonstrate the potential for economic extraction using open pit methods. This
stricter method of reporting mineral resources replaces the traditional global
mineral resource estimate and is in accordance with NI 43-101 guidelines
requiring the application of economic and technical parameters.

    
    Summaries of the upgraded Yusufeli mineral resource estimate by category
     for a US$11.00 NSR cut-off value:

    -   Indicated: 49.5 million tonnes grading 0.99 g/t gold (Au) containing
        1.58 million ounces of Au, 0.12% copper (Cu) containing 64.0 million
        pounds (lbs) of Cu, 1.57 g/t silver (Ag) containing 1.3 million
        ounces of Ag, 0.25 % lead (Pb) containing 141.0 million lbs of Pb and
        0.6 % zinc (Zn) containing 340.34 million lbs of Zn.

    -   Inferred: 11.0 million tonnes grading 0.83 g/t Au containing
        0.29 million ounces of Au, 0.14 % Cu containing 9.81 million lbs of
        Cu, 1.42 g/t Ag containing 0.35 million ounces of Ag, 0.2 % Pb
        containing 34.76 million lbs of Pb and 0.48 % Zn containing
        82 million lbs of Zn.


        Tabulations of Upgraded Mineral Resources for the Yusufeli Property
                         as defined by NI 43 101(*).


    Corak Resource(1) tabulation at different NSR Cutoffs within a Whittle
      Shell with Slope Angles of 55 Degrees using 15x15x15 block model

    -------------------------------------------------------------------------
    NSR
    Cutoff  Cate-  Million                                    Zn      NSR(2)
    ($/t)   gory    Tonnes   Au (g/t)  Ag (g/t)    Pb (%)     (%)      ($)
    -------------------------------------------------------------------------
    9        IND     29.48      0.69      1.52      0.24      0.56     24.99
            -----------------------------------------------------------------
             INF      9.04      0.47      1.42      0.20      0.46     18.58
    -------------------------------------------------------------------------
    11       IND     25.70      0.76      1.57      0.25      0.60     27.19
            -----------------------------------------------------------------
             INF      7.77      0.53      1.42      0.20      0.48     20.00
    -------------------------------------------------------------------------
    13       IND     22.71      0.83      1.61      0.26      0.63     29.19
            -----------------------------------------------------------------
             INF      6.73      0.57      1.43      0.21      0.50     21.24
    -------------------------------------------------------------------------
    15       IND     19.67      0.91      1.66      0.27      0.66     31.54
            -----------------------------------------------------------------
             INF      5.57      0.63      1.45      0.21      0.52     22.76
    -------------------------------------------------------------------------
    17       IND     16.98      1.01      1.70      0.28      0.69     34.01
            -----------------------------------------------------------------
             INF      4.50      0.69      1.47      0.21      0.53     24.39
    -------------------------------------------------------------------------
    19       IND     14.79      1.10      1.73      0.29      0.71     36.39
            -----------------------------------------------------------------
             INF      3.54      0.76      1.50      0.22      0.55     26.12
    -------------------------------------------------------------------------
    21       IND     13.01      1.18      1.76      0.30      0.74     38.64
            -----------------------------------------------------------------
             INF      2.65      0.81      1.59      0.24      0.60     28.19
    -------------------------------------------------------------------------


    ---------------------------------------------------------------
    NSR
    Cutoff  Cate-     AU        Ag       Pb         Zn       Au Eq
    ($/t)   gory    (M.Oz)    (M.Oz)   (M. lbs)  (M. lbs)    (g/t)
    ---------------------------------------------------------------
    9        IND      0.65      1.44    153.00    365.00      1.16
            -------------------------------------------------------
             INF      0.14      0.41     39.00     91.00      0.86
    ---------------------------------------------------------------
    11       IND      0.63      1.30    141.00    340.00      1.26
            -------------------------------------------------------
             INF      0.13      0.35     35.00     82.00      0.93
    ---------------------------------------------------------------
    13       IND      0.61      1.17    130.00    315.00      1.35
            -------------------------------------------------------
             INF      0.12      0.31     31.00     73.00      0.99
    ---------------------------------------------------------------
    15       IND      0.58      1.05    118.00    288.00      1.46
            -------------------------------------------------------
             INF      0.11      0.26     26.00     63.00      1.06
    ---------------------------------------------------------------
    17       IND      0.55      0.93    106.00    259.00      1.58
            -------------------------------------------------------
             INF      0.10      0.21     21.00     53.00      1.13
    ---------------------------------------------------------------
    19       IND      0.52      0.82     96.00    232.00      1.69
            -------------------------------------------------------
             INF      0.09      0.17     17.00     43.00      1.21
    ---------------------------------------------------------------
    21       IND      0.49      0.74     86.00    212.00      1.79
            -------------------------------------------------------
             INF      0.07      0.14     14.00     35.00      1.31
    ---------------------------------------------------------------


    Tac Resource(1) tabulation at different NSR Cutoffs within a Whittle
      Shell with Slope Angles of 55 Degrees using 15x15x15 block model

    -------------------------------------------------------------------------
    NSR
    Cutoff  Cate-  Million   Au       Cu      NSR(2)    Au      Cu     Au Eq
    ($/t)   gory   Tonnes   (g/t)     (%)      ($)    (M.Oz)  (M. lbs)  (g/t)
    -------------------------------------------------------------------------
    9        IND   28.06     1.11     0.12    28.44    1.00       71    1.25
            -----------------------------------------------------------------
             INF    3.42     1.49     0.13    37.77    0.16       10    1.65
    -------------------------------------------------------------------------
    11       IND   23.76     1.24     0.12    31.79    0.95       64    1.39
            -----------------------------------------------------------------
             INF    3.23     1.56     0.14    39.39    0.16       10    1.72
    -------------------------------------------------------------------------
    13       IND   20.84     1.36     0.13    34.57    0.91       58    1.51
            -----------------------------------------------------------------
             INF    3.11     1.60     0.14    40.51    0.16       10    1.77
    -------------------------------------------------------------------------
    15       IND   18.33     1.48     0.13    37.40    0.87       53    1.64
            -----------------------------------------------------------------
             INF    2.83     1.71     0.14    43.12    0.16        9    1.89
    -------------------------------------------------------------------------
    17       IND   16.04     1.61     0.14    40.45    0.83       48    1.77
            -----------------------------------------------------------------
             INF    2.65     1.79     0.15    44.97    0.15        9    1.97
    -------------------------------------------------------------------------
    19       IND   14.37     1.72     0.14    43.08    0.79       44    1.89
            -----------------------------------------------------------------
             INF    2.44     1.88     0.15    47.27    0.15        8    2.07
    -------------------------------------------------------------------------
    21       IND   13.09     1.81     0.14    45.35    0.76       41    1.99
            -----------------------------------------------------------------
             INF    2.21     2.00     0.16    50.03    0.14        8    2.19
    -------------------------------------------------------------------------

    (1) Reported at a NSR cutoff value of US $11 per ton within a Whittle
        shell based on NSR models described below and slope angles of 55
        degrees using 15x15x15 block model.

        Tac and Corak NSR Models are based on US $900/oz Gold, $2/lb Copper,
        $1/lb Zinc, $1/lb Lead with metal recoveries of 90% and 85% for Gold
        at Taç and Corak, respectively, and 80% Copper, 80% Silver, 81% Zinc,
        and 81% Lead, the NSR values in Tac and Corak also include
        transportation refining/smelting and royalties costs; the NSR Formula
        used for Tac is NSR=22.84 x Au (g/t)+27.55 x Cu (%), and
        the NSR Formula used for Corak is NSR=21.57 x Au
        (g/t)+0.27 x Ag (g/t)+11.49 x Zn(%)+13.76 x Pb(%)

    (2) Gold Equivalent is based on US $900/oz Gold, $2/lb Copper, $1/lb
        Zinc, $1/lb Lead with metal recoveries of 90% and 85% for Gold at Taç
        and Corak, respectively, and 80% Copper, 80% Silver, 81% Zinc, and
        81% Lead; Gold equivalent in Tac and Corak also include
        transportation refining/smelting and royalties costs; the Gold
        Equivalent Formula used for Tac is AU_EQ = Au (g/t) +
        1.2062 x Cu (%), and the NSR Formula used for Corak is
        AU_EQ=Au (%) + 0.0126 x Ag (%) + 0.5328 x Zn (%) + 0.63771
        x Pb (%)
    

    (*)Mineral resources were estimated in conformity with generally accepted
CIM "Estimation of Mineral Resource and Mineral Reserve Best Practices"
Guidelines. Mineral resources are not mineral reserves and do not have
demonstrated economic viability.

    The upgraded mineral resource is based on 47,888 metres of drilling
comprising 157 diamond core drill holes and 61 reverse circulation drill holes
conducted by Mediterranean in the exploration campaigns of 2006 through 2008
and 12,506 metres of drilling comprising 20 diamond core drill holes and 129
reverse circulation drill holes from a historical drill campaign conducted by
a major mining company in the late 80's and early 90's. All drill results from
both these campaigns following data verification have been included in the
resource estimation work completed by SRK.
    The database used to estimate the Tac and Corak mineral resources was
prepared by Mediterranean personnel and verified by SRK. The mineralized
domains of the Tac deposit were modelled in Datamine and the Corak deposit was
modelled in Gemcom. SRK is of the opinion that the current exploration and
structural information is sufficiently reliable to confidently interpret the
mineralized boundaries and that the assay data is sufficiently reliable to
support the estimation of mineral resources. Further, the block model resource
estimates reported are reasonable representations of the gold and base metal
mineral resources found in the Tac and Corak deposits at the current level of
sampling. These mineral resource estimates have been prepared in accordance
with National Instrument 43-101 and conform to the CIM Definition Standards on
Mineral Resources and Mineral Reserves.
    The CIM Standards further define a mineral resource as being
characterized as having reasonable prospects for economic extraction. This
requirement generally implies that the quantity and grade estimates meet
certain economic thresholds and that the mineral resources are reported at an
appropriate cut-off grade taking into account the likely extraction scenarios
and process metal recoveries. In order to meet this requirement SRK considers
that both the Corak and the Tac deposits are amenable for open pit extraction.
    Metallurgical testing performed to date has indicated the amenability of
flotation as a process method for gold recovery in sulphide concentrates. 
Further testing will determine the amenability of the lower operating cost and
capital cost method of heap leaching for gold recovery considering certain
techniques necessary for recovering the base metal constituents.

    Celtik Project

    Seven diamond drill holes with aggregate length of 1,861 m and an average
depth of 220 m were drilled at Celtik in 2008 which is located approximately 4
km northeast of the Taç Project.  The drilling was conducted within an area
350 m x 550 m and a total of 1,411 samples were assayed from the drilling. 
The average core recovery was 92%. The average density of the samples was 2.72
t/m(3). The mineralization at Celtik appears to be similar to Taç: an
epithermal system located within extensional zones adjacent to faults. The
mineralization is associated with quartz veining and argillic alteration.
    The potential tonnage and grade of a mineral deposit at Celtik, which is
the target of further exploration, is expressed as ranges in the table below. 
The potential quantity and grade is conceptual in nature as there has been
insufficient exploration to define a mineral resource and it is uncertain if
further exploration will result in the target being delineated as a mineral
resource.
    The potential tonnage and grade is based on the results of the diamond
drilling and the current geological and structural understanding of the
mineralisation. An arbitrary ellipsoidal wireframe model was created around
the drill hole samples in the silicified zone. The tonnage and grade ranges
were estimated based on the values of the samples within this solid.

    
                  Potential Quantity and Grade at Celtik(*)
              ------------------------------------------------------
              Quantity Range            Average Grade Ranges
              ------------------------------------------------------
              (M. Tonnes)             Au (g/t)           Cu(%)
              ------------------------------------------------------
                 3-7                  0.8-1.3          0.07-0.14
              ------------------------------------------------------
             (*) The potential quantity and grade is conceptual in
             nature as there is insufficient exploration to define
             a mineral resource and it is uncertain if further
             exploration will result in the target being delineated as
             mineral resource;
    

    Further exploration will be conducted at Celtik in 2009 in order to
determine the presence of a minimal resource.

    Dr. Peter Guest is a Qualified Person as defined by NI 43-101 for the
Yusufeli property projects and Abolfazl Ghayemghamian, P. Geo. of SRK is the
Qualified Person as defined by NI 43-101 for the Celtik resource estimate. 
They have reviewed and approved the contents of this release. The complete NI
43-101 Technical Report will be released within 45 days of this news release
and will be available on SEDAR.

    About Mediterranean Resources

    Mediterranean holds a 100% interest in the Yusufeli Properties and is
well financed for continued exploration.





For further information:

For further information: Dr. Peter J. Guest, President & CEO, (604)
669-3397; Mr. Douglas Hickey, Manager, Investor Relations, (604) 629-4807;
www.medresources.ca

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