Mediterranean Resources Ltd. - GRANT OF STOCK OPTIONS

VANCOUVER, June 29, 2011 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR), (Frankfurt: MHM1) (the "Company") advises that it has granted the following: (i) an aggregate of 1,900,000 incentive stock options to its directors, officers and employees exercisable at $0.15 per share for a period of five years, vesting immediately; and (ii) 200,000 stock options to certain consultants exercisable at $0.15 per share for a period of three years, vesting immediately. This will bring the total number of options outstanding to 5,360,000 (representing under 10% of the Company's issued and outstanding common shares pursuant to the Company's stock option plan).

Mediterranean Resources is focused on an emerging mineral region in north-eastern Turkey where it is developing two advanced exploration stage gold properties.

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

SOURCE Mediterranean Resources Ltd.

For further information:

Christopher E. Ecclestone   
Interim CEO
604-669-3397                          
www.medresources.ca

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Mediterranean Resources Ltd.

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