More High Grade & Broad Near-Surface Gold Intercepts at Comtois

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FSC / Press Release


286 g/t Gold over 1.2m Within 101.6 g/t Gold over 3.8m Plus More High Grade & Broad Near-Surface Gold Intercepts at Comtois


Montreal, Quebec CANADA, March 21, 2011 /FSC/ - Maudore Minerals Ltd. (MAO - TSX Venture, M6L - FWB),is pleased to report recent results from successful winter drilling. Both high grade gold assays and more broad near-surface intervals are tabled below from recently completed holes from the ongoing exploration and definition drilling at its Comtois Project (north of Val-d'Or, Quebec, Canada).


The focus of the latest drilling has been confirmatory for the shallow portion of the current 43-101 resource and to continue definition of the potential open pit. In keeping with these goals, drilling was conducted at relatively shallow depths, with the deepest intercept reported at 287.5 metres. Although most drilling occurred in the Western half of the resource, excellent results ensued in almost all areas.


"Our new results exceeded expectations on several counts" said CEO Ron Shorr. "The exceptional high grade intercept of 286.0 g/t Au from Midway in Hole 592 ranks among our top three holes to date, and this includes 3.8 metres of 101.6 g/t gold; our widest intercept ever of a 100+ gram hole. Several new holes established good grades in areas without previous known mineralization, and our potential open pit area was enhanced by seven near-surface holes of excellent length, all grading above our indicated open pit cut-off grade."


High grade gold results


New exceptional high grade gold values include:

* 286.0 g/t Au over 1.2m (COM-11-592), from 212.0 to 214.2m depth, included within 101.6 g/t Au over 3.8m (Midway).


Other near surface high grade gold (above 20 g/t Au) assay results obtained are:

Note that the first three results are all within the same drill hole.

* 44.4 g/t Au over 0.5m (COM-11-591), 69.0 to 69.5m depth, included within 6.5 g/t Au over 3.5m (Midway).

* 40.9 g/t Au over 0.5m (COM-11-591), 162.7 to 163.2m depth, included within 13.2 g/t Au over 2.0m (Midway).

* 32.5 g/t Au over 0.9m (COM-11-591), 252.6 to 253.5m depth, included within 10.4 g/t Au over 3.5m (Midway).

* 34.1 g/t Au over 1.1m (COM-11-575), 174.0 to 175.1m depth, included within 10.0 g/t Au over 4.0m (West of Osborne).

* 24.3 g/t Au over 1.3m (COM-11-583A), 136.2 to 137.5m depth, included within 16.1 g/t Au over 2.0m (Midway).

* 20.9 g/t Au over 1.5m (COM-10-547), 102.0 to 103.5m depth, included within 10.7 g/t Au over 3.0m (East of Bell).


NOTE: Gold grades (g/t Au) are expressed uncut and over core length. In most cases, core length and true width are close to being the same given the dip of the drill hole and the strike and dip of the mineralized zone. Estimated true widths are in the range of 80% of the core length. Values were rounded at 1 decimal point.


Broad near surface intervals


New drilling results obtained also include new broad mineralized intervals (above a minimum cut-off grade of 1 g/t Au) confirming open pit potential for the Bell, Midway and Osborne areas:

* 1.6 g/t Au over 12.0m (COM-10-528), 69.0 to 81.0m depth (West of Bell).

* 1.7 g/t Au over 14.1m (COM-10-524), 6.1 to 20.2m depth (Bell).

* 2.7 g/t Au over 8.3m (COM-11-581), 164.0 to 172.3m depth (Midway).

* 4.1 g/t Au over 9.5m (COM-11-591), 162.0 to 171.5m depth (Midway).

* 2.5 g/t Au over 23.1m (COM-11-591), 252.6 to 275.7m depth (Midway).

* 1.0 g/t Au over 8.7m (COM-11-576), 16.9 to 25.6m depth (Osborne).

* 2.9 g/t Au over 12.2m (COM-11-576), 31.3 to 43.5m depth (Osborne).


NOTE: Gold grades (g/t Au) are expressed uncut and over core length. In most cases, core length and true width are close to being the same given the dip of the drill hole and the strike and dip of the mineralized zone. Estimated true widths are in the range of 80% of the core length. Values were rounded at 1 decimal point.


Significant results were obtained along the entire 13/4 km Osbell Trend. Refer to Table 1 for detailed results.


Osbell Winter Drilling


Four drill rigs have been working in continuous, non-stop drilling, 24 hours per day on the Osbell trend. The winter period provides full access to the promising Midway area, many portions of which are difficult to drill when the snow runs off.


Exploration Properties West of Comtois


Recently completed work on the western exploration properties included extensive line cutting to facilitate second-phase work and Induced Polarization (IP) geophysical surveys, which are still ongoing. Recently, one of Maudore's four drill rigs was re-allocated to the exploration properties and drilling has been initiated on previously qualified targets. Many parts of this Western area are best drilled through the ice.


About Maudore Minerals Ltd.


The current Inferred Mineral Resource (August 15, 2010) at Comtois is 8,126,000 tons grading 4.6 g/t Au totalling 1,212,000 Oz Gold, divided into a resource grading 3.2 g/t Au to 150m depth with open pit potential, and an underground resource grading 6.8 g/t Au. The estimate used a capping factor of 65 g/t Au. For comparative purposes, the uncut resource is 1,400,000 oz. gold.


Maudore owns 100% of the Comtois Gold Project in Quebec. Infrastructure is excellent: a highway; accessibility to North America's lowest cost power; plenty of nearby water and a mining-oriented local workforce. Quebec is consistently ranked among the best locations worldwide for mineral exploration. The province provides 47% rebates on exploration expenditures, a very large advantage resulting in lower costs and less dilution. Maudore has been able to raise substantial funds recently at over a 40% premium to the share price.


Maudore also owns a large land area west of Comtois with volcanogenic gold/massive sulphide (VMS) potential. VMS gold deposits are more common in Quebec than anywhere else in the world. Maudore's total land package, now 85,446hectares (211,000 acres or 330 sq. mi.), is larger than New York City.


On behalf of the Board of Directors of Maudore Minerals Ltd.:

Ronald Shorr, Chief Executive Officer

Telephone: 514-761-1415




Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian Securities laws. Forward-looking statements involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of the general economic conditions, industry conditions, dependence upon regulatory approvals and the availability of financing. Readers are cautioned that any such statements are not guarantees of future performance and that the actual developments or results may vary materially from those in these "forward-looking statements".


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.


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Table 1 - New significant drilling results, Comtois project
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Drill Hole Section From To Core Gold High grade Weighted
(m) (m) length (g/t Au) interval average
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WEST OF BELL AREA
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COM-10-528 1212.5 E 69.0 70.4 1.4 0.1 5.2 g/t Au
70.4 71.1 0.7 0.4 over 3.0m Near
71.1 72.0 0.9 16.9 surface
78.0 78.5 0.5 3.7 1.6 g/t Au
78.5 79.5 1.0 0.6 over 12.0m
79.5 80.0 0.5 2.2
80.0 81.0 1.0 0.3
-------------------------------------------------------------------------
BELL AREA
-------------------------------------------------------------------------
COM-10-520 1350 E 175.5 177.0 1.5 0.3 4.9 g/t Au
177.0 178.3 1.3 10.2 10.2 g/t over 2.8m
Au over 1.3m
COM-10-524 1275 E 6.1 7.6 1.5 1.8
7.6 9.1 1.5 0.7
9.1 10.6 1.5 0.7
10.6 11.4 0.8 4.3 2.3 g/t Au Near
11.4 12.9 1.5 1.2 over 2.3m surface
12.9 14.4 1.5 0.6 1.7 g/t Au
14.4 15.9 1.5 0.2 over 14.1m
15.9 17.2 1.3 0.8
17.2 18.7 1.5 3.5 3.9 g/t Au
18.7 20.2 1.5 4.3 over 3.0m
53.0 54.5 1.5 0.9 4.4 g/t Au
54.5 56.0 1.5 7.9 7.9 g/t Au over 3.0m
over 1.5m
-------------------------------------------------------------------------
EAST OF BELL AREA
-------------------------------------------------------------------------
COM-10-547 1437.5 E 102.0 103.5 1.5 20.9 20.9 g/t Au 10.7
103.5 105.0 1.5 0.6 over 1.5m g/t Au
over 3.0m
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MIDWAY AREA
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COM-11-579 1775 E 109.6 110.6 1.0 14.2 14.2 g/t Au 6.5 g/t
111.3 112.3 1.0 0.7 over 1.0m Au over
112.3 113.3 1.0 9.0 9.0 g/t Au 3.7m
over 1.0m
285.0 285.9 0.9 0.1 3.3 g/t Au
285.9 287.0 1.1 0.1 over 2.5m
287.0 287.5 0.5 16.2 16.2 g/t Au
over 0.5m
COM-11-581 1725 E 164.0 165.0 1.0 13.0 13.0 g/t Au
over 1.0m
165.0 166.1 1.1 0.1 Near surface
166.1 167.6 1.5 0.1 2.7 g/t Au
167.6 169.1 1.5 0.1 over 8.3m
169.1 169.8 0.7 7.9 7.9 g/t Au
over 0.7m
169.8 170.8 1.0 0.2
170.8 172.3 1.5 2.0
COM-11-583A 1625 E 135.5 136.2 0.7 0.8 16.1 g/t Au
136.2 137.5 1.3 24.3 24.3 g/t over 2.0m
Au over 1.3m
COM-11-591 1900 E 66.0 66.5 0.5 1.1
66.5 68.0 1.5 0.0 6.5 g/t Au
68.0 69.0 1.0 0.0 over 3.5m
69.0 69.5 0.5 44.4 44.4 g/t Au
over 0.5m
162.0 162.7 0.7 1.0
162.7 163.2 0.5 40.9
163.2 163.7 0.5 2.9 13.2 g/t Au
163.7 164.2 0.5 0.8 over 2.0m Near
164.2 164.7 0.5 8.0 surface
164.7 166.0 1.3 0.2 4.1 g/t Au
166.0 166.6 0.6 0.3 over 9.5m
168.2 169.5 1.3 0.0
169.5 171.0 1.5 7.6 5.7 g/t Au
171.0 171.5 0.5 0.1 over 2.0m
252.6 253.5 0.9 32.5 10.4 g/t Au
253.5 255.0 1.5 0.8 over 3.5m
255.0 256.1 1.1 5.3
264.5 265.5 1.0 0.8
266.5 267.5 1.0 3.2
267.5 268.2 0.7 0.4 2.5 g/t Au
268.2 268.7 0.5 1.0 over 23.1m
268.7 269.8 1.1 1.4
269.8 270.4 0.6 1.3
272.2 273.0 0.8 1.9
273.0 274.0 1.0 2.7 4.0 g/t Au
274.0 275.0 1.0 4.1 over 3.5m
275.0 275.7 0.7 8.3
COM-11-592 1825 E 212.0 213.0 1.0 39.4 173.9 g/t Au
213.0 214.2 1.2 286.0 over 2.2m 101.6
214.2 215.3 1.1 1.3 g/t Au
215.3 215.8 0.5 4.2 over 3.8m
-------------------------------------------------------------------------
WEST OF OSBORNE AREA
-------------------------------------------------------------------------
COM-11-575 1925 E 172.5 174.0 1.5 0.6 14.7 g/t Au
174.0 175.1 1.1 34.1 over 2.6m 10.0
175.1 175.6 0.5 0.3 g/t Au
over 4.0m
175.6 176.5 0.9 1.6
COM-11-589 2050 E 155.4 156.3 0.9 2.6 4.4 g/t Au
157.4 158.3 0.9 11.7 11.7 g/t Au over
over 0.9m 2.9m
-------------------------------------------------------------------------
OSBORNE AREA
-------------------------------------------------------------------------
COM-10-533 2550 E 199.0 200.0 1.0 0.6 4.2 g/t Au
200.0 201.0 1.0 0.7 over 2.8m
201.0 201.8 0.8 13.3 13.3 g/t Au
over 0.8m
COM-11-576 2200 E 16.9 17.4 0.5 3.9
19.1 20.3 1.2 0.3
20.3 20.8 0.5 2.2 Near surface
20.8 21.3 0.5 1.6 1.0 g/t Au
21.3 22.5 1.2 0.3 1.2 g/t Au over
over 5.3m 8.7m
22.5 24.0 1.5 0.8
24.0 25.0 1.0 1.1
25.0 25.6 0.6 3.2
31.3 32.0 0.7 4.4
32.0 33.0 1.0 1.8
33.0 33.6 0.6 0.2 Near surface
35.6 36.6 1.0 1.2 2.9 g/t Au
36.6 37.3 0.7 14.7 10.2 g/t Au over
37.3 38.0 0.7 12.4 over 2.4m 12.2m
38.0 39.0 1.0 5.5
39.0 39.9 0.9 1.3
41.4 42.0 0.6 2.8
42.0 43.5 1.5 1.3
-------------------------------------------------------------------------
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Gold grades (g/t Au) are expressed uncut and over core length.
In most cases, core length and true width are close to being the same given the dip of the drill hole and the strike and dip of
the mineralized zone. Estimated true widths are usually in the range of 80% of the core length.
Identification of the mineralized zone is based on a preliminary interpretation using plan and cross-sectional representations.
Values were rounded at 1 decimal point.


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