Mr. Gord Neal reports

DORATO PROVIDES UPDATE

Dorato Resources Inc. has decided to terminate the option agreement with Minera Afrodita, Peru, for its 5,000-hectare concession block within the Cordillera del Condor. This block represents less than 5 per cent of the entire 106,000-hectare concession controlled by Dorato. Future work programs are expected to focus on anomalous silt samples within the main concession block, as well as generate new anomalies in areas to the north in the Ponce Atunez and Cangaza concession blocks, adjacent to the most highly mineralized regions to the west in Ecuador (Mirador porphyry copper-gold and Fruta del Norte epithermal gold deposits).

Dorato has initiated planning new work programs at Cobrecon Este and targets to the south that will consist of stream sediment, soil and outcrop sampling, coupled with regional mapping. Additionally detailed stream sediment and reconnaissance rock sampling is planned for the Ponce Atunez and Cangaza concession blocks to the north, where the regional geophysics have generated several magnetic anomalies. The stream sampling will identify anomalous areas to outline mineralization through soil sampling of ridges, combined with channel sampling of any mineralization seen in outcrops.

At Dorato's Deborah property, in the southern Cajamarca region, the next work program will consist of about 800 metres of hand trenching and channel sampling on both the Central and Northeast targets. As well, the soil sample grid at the Northeast target will be extended to the north to close off the multielement anomaly there.

We seek Safe Harbor.