Company Information for Mediterranean Resources Ltd

TSX-MNR; FRANKFURT-MHM1

www.medresources.ca

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TSX; MNR

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Company Statement

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 Teck Cominco 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.

Mediterranean has an operating tested management team with the experience and knowledge necessary to bring these properties to production.

Current Operations

Approximately US$4.5 million of exploration was expended on Tac and Corak in 2007, including approximately 24,000 metres of drilling and initiating 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. This is expected to identify drill targets and open up two additional areas of exploration along the 11 kilometre trend in 2008. Mediterranean has operating licenses and exploration licenses for an area of approximately 97 square kilometers.

On March 11, 2008 Mediterranean announced new NI 43-101 compliant resource estimates for Tac and Corak as follows:

Gold Equivalent

Resources	Indicated	Inferred
Tac	1,055,954 ozs @ 1.61 AUEQ G/T	123,965 ozs @ 1.71 AUEQ G/T
Corak	542,163 ozs @ 1.74 AUEQ G/T	606,925 ozs @ 1.60 AUEQ G/T
Total	1,598,117 ozs	730,890 ozs

Metallurgical Summary
During 2006 and 2007, a series of metallurgical tests of both Tac and Corak mineralization were carried out by Process Research Associates of Vancouver, Canada. Flotation is considered as the most appropriate method of concentration for the realization of mineral asset value. In January 2008, a locked cycle flotation test of a Tac sample achieved recoveries of 90% for gold and 70% for copper with 23% copper concentration. An additional locked cycle test will be conducted to complete the Tac sample testing program. In February 2008, a series of flotation tests on Corak samples achieved recoveries of significant metals at the following levels: gold 85%, silver 58%, lead 85% and zinc 73% with 53% lead concentration and 55% zinc concentration. These recoveries were used in the Tac and Corak resource estimates

Mediterranean Highlights
-       strong treasury
-       fully funded for property development
-       2 advanced exploration properties
-       2 NI 43-101 resource estimates for Tac and Corak
-       commenced economic scoping study
-       commenced Environmental Impact Statement
-       97 Square kilometers of ground
-       management team with full cycle experience

Geographical Spread

TURKEY - The Tac and Corak Properties are Located 8 km and 18 km respectively southwest of Yusufeli in the Province of Artvin. The Tac Property is comprised of three pre operation licenses totaling approximately 1,600 hectares and the Corak Property is comprised of one pre-operation license of approximately 830 hectares. The Company has acquired eight exploration licenses totaling approximately 7,300 hectares that adjoin Tac and Corak and surround both Tac and Corak bringing the land under license held by the Company to approximately 9,700 hectares.

Board of Directors and Key Management

Peter J. Guest - President and CEO, Director

Mark T. Brown - Director

John A. Clarke - Director

Bryan Morris - Director

Bruce K. McKnight - Director

George Tikkanen - Director

Philip Strathy - Director.

Peter J. Guest - President and CEO

Sabri Karahan – Director, Turkey Subsidiary - Akdeniz Resources Madencilik AS

Ibrahim Guney - General Manager & Director, Turkey Subsidiary, Akdeniz Resources Madencilik AS

Winnie Wong - Chief Financial Officer

Douglas Hickey - Manager, Investor Relations

Jesse de la Cruz - Controller

Cheryl A. Harpestad - Corporate Secretary & Office Manager

Company Address

Suite 890 - 885 Dunsmuir Street
Vancouver, V6C 1N5


Telephone:	604-669-3397
Facsimile:	604-669-3357
Email:	dhickey[at]medresources.ca
Website:	http://www.medresources.ca

Capital

SHARES OUTSTANDING: 87,219,248
WARRANTS OUTSTANDING: 23,799,532
OPTIONS OUTSTANDING: 7,570,000
AGENTS OPTIONS OUTSTANDING: 3,191,031
SHARES FULLY DILUTED: 121,779,811 As of April 2008

Annual General Meeting

May 30, 2008 – Conference Facilities of West Pender Properties, 2nd Floor, 830 West Pender Street, Vancouver, BC

Year End

December 31

Major Shareholders

Teck Cominco

Metage Funds Ltd.

Metage Special Emerging Markets Fund

JP Morgan Asset Management

Macquarie Bank Limited

Geologic Resource Fund Ltd.

Fairlane Growth Fund

Most Recent Statement

13/11/08 - Drill results show continuity of gold & base metal mineralization at the Corak property
31/10/08 - High Grade Results Continue To Extend Gold & Base Metal Mineralization At The Corak Property
03/09/08 - First Results From Current Drilling Program Extend Gold & Base Metal Mineralization At The Corak Property
10/06/08 - Mediterranean Appoints Manager, Investor Relations
05/06/08 - Mediterranean Announces Appointment Of Philip Strathy As Company Director
12/05/08 - Mediterranean Continues Services Agreement with Dama Engineering in the Implementation of Exploration Programs in Turkey

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