Mr. Ronald Shorr reports

MAUDORE MINERALS LTD.-GOLD DISCOVERY MADE 12KM NW OF THE OSBELL RESOURCE AREA: COMTOIS NW GOLD OCCURRENCE YIELDS 71.7 G/T GOLD OVER 1.2M (WITH ANNUAL MEETING UPDATE)

Maudore Minerals Ltd. has made a new gold discovery, now named the Comtois NW gold occurrence, on its property located near Lebel-sur-Quevillon, north of Val d'Or, Que., Canada.

Ron Shorr, chief executive officer of Maudore, said: "I've always considered it a strong possibility that our property could host multiple gold deposits as mining districts are common, particularly in the Abitibi greenstone belt. Our new discovery goes a step toward validating this theory. We will continue to develop this new area and to seek others. This is the reason why we acquired a large highly prospective land package in the area."

Comtois NW -- drilling results greater than three grams per tonne gold

Nine drilling results over three grams per tonne gold were obtained from the Comtois NW gold occurrence -- four from the North trend and five from the South trend:

• 71.7 grams per tonne gold over 1.2 metres (COM-12-872), from 159.0 to 160.2 metres, included within 26.3 grams per tonne gold over 3.3 metres, South trend, Section 1850 east;
• 10.1 grams per tonne gold over 0.5 metre (COM-12-874), from 75.0 to 75.5 metres, South trend, Section 1925 east;
• 7.2 grams per tonne gold over 0.7 metre (COM-11-699), from 199.8 to 200.5 metres, North trend, Section 2425 east;
• 5.7 grams per tonne gold over one metre (COM-12-872), from 205.3 to 206.3 metres, South trend, Section 1825 east;
• 4.8 grams per tonne gold over 1.4 metres (COM-12-865), from 70.7 to 72.1 metres, North trend, Section 2450 east;
• 4.3 grams per tonne gold over 1.5 metres (COM-12-874), from 70.6 to 72.1 metres, South trend, Section 1925 east;
• 3.8 grams per tonne gold over 0.7 metre (COM-12-872), from 233.4 to 234.1 metres, South trend, Section 1800 east;
• 3.7 grams per tonne gold over one metre (COM-12-864), from 82.0 to 83.0 metres, North trend, Section 2525 east;
• 3.7 grams per tonne gold over 0.5 metre (COM-10-373), from 52.6 to 53.1 metres, North trend, Section 2450 east.

Comtois NW -- broad mineralized volcanics intervals (10 metres to 40 metres)

The Comtois NW gold occurrence is characterized by broad mineralized intervals (greater than 10 metres) of gold-bearing altered felsic and mafic volcanic rocks -- on four intervals, two are from the North trend and two are from the South trend:

• 0.8 gram per tonne gold over 40.8 metres (COM-12-874), from 37.2 to 78.0 metres, South trend, Section 1925 east;
• 0.8 gram per tonne gold over 11.0 metres (COM-11-699), from 191.0 to 202.0 metres, North trend, Section 2425 east;
• 0.6 gram per tonne gold over 12.4 metres (COM-12-872), from 232.3 to 244.7 metres, South trend, Section 1800 east;
• 0.3 gram per tonne gold over 33.9 metres (COM-10-373), from 52.1 to 86.0 metres, North trend, Section 2450 east.

Notes:

• Cross-section co-ordinates are from a local grid.
• Gold grades are expressed uncut and over core length.
• True width cannot be estimated at this stage because of uncertainties on strike and dip of the different mineralized zones.
• Values were rounded at one decimal point.

Comtois NW -- future drilling

The Comtois NW gold occurrence is currently under interpretation for additional drilling. Once the interpretation is complete, Maudore plans to return to the Comtois NW gold occurrence as soon as access is available.

Comtois NW gold occurrence -- background

The Comtois NW gold occurrence is located 12 kilometres northwest of the Osbell resource area. This area is part of the new claims added to the Comtois property in November, 2007. These claims were initially staked because of the potential for volcanogenic massive sulphide (VMS) mineralization and for Osbell-type gold mineralization (synvolcanic disseminated deposits). At a more local scale, the area was characterized by some isolated conductors (input anomalies) and the presence of a northwest-southeast-oriented regional lineament.

In 2009, Maudore conducted field surveys using beep mat and VLF geophysical prospection over known airborne geophysical anomalies (mostly input and some MegaTEM). Field follow-up led to the first drill hole ever made in that area. This drill hole gave anomalous gold values from altered and mineralized felsic volcanic rocks (in the range of 0.1 gram per tonne to 0.4 gram per tonne gold over a core length of two metres). In 2010, one drill hole was planned as a follow-up to the 2009 results. The best result from 2010 was 3.7 grams per tonne gold over 0.5 metre. In 2011, three additional drill holes were completed in the same area with two drill holes having significant results of 2.6 grams per tonne gold over 0.5 metre and 7.2 grams per tonne gold over 0.7 metre. These encouraging results led Maudore to complete an induced polarization (IP) geophysical survey over the potential area in 2011. Also in 2011, whole-rock geochemistry analysis led to the identification of an Osbell felsic geochemical signature and strong alteration index (IALT, Normat software) from Comtois NW felsic volcanic rocks.

Litho-geochemical results, geophysical anomalies and anomalous gold values from previous drill holes led Maudore to return during drilling in the winter of 2012 with 10 drill holes. This year's drilling led to seven intervals over three grams per tonne gold and to an exceptional value of 71.7 grams per tonne gold over 1.2 metres, included within 26.3 grams per tonne gold over 3.3 metres (COM-12-872).

Gold results from the Comtois NW gold occurrence are along two trends, marked by two strong to moderate linear IP anomalies, located 300 metres apart, currently named the North trend and the South trend. Each of these trends can be followed over a strike length of about one kilometre. All results from 2009, 2010 and 2011 exploration were exclusively from the North trend; the South trend was discovered in 2012.

Fresh technologies applied

Litho-geochemical applications to both the Comtois resource area and now to the Comtois NW gold occurrence have enabled a much more accurate interpretation of both the Osbell resource and the new Comtois NW gold occurrence.

Maudore completed a high-resolution magnetic survey over the entire Comtois claim block. The results of the survey are currently being interpreted by a qualified geophysicist. The initial raw data show the presence of both the North and South trends in the Comtois NW gold occurrence.

With these technologies now brought to bear, Maudore has more cogent and detailed methodologies to use in an in-progress, revised National Instrument 43-101-compliant technical report, creating a more robust data set and therefore a more comprehensive report.

Continuing drilling program

Four drill rigs are currently active for Maudore -- all on the Comtois property. Some are currently drilling adjacent to the Osbell resource area on the eastern and western extensions. Others are completing drilling on deep targets below the Osbell resources area.

Quality assurance and quality control

Maudore's exploration program is supervised by Alain Carrier, MSc, PGeo, of InnovExplo Inc., a consulting firm based in Val d'Or, Que. Mr. Carrier is a qualified person and is independent of Maudore, as defined under NI 43-101. Comtois exploration is conducted under strict quality assurance and quality control protocols including mineralized standards, blanks and field duplicates. Half of all sampled core is retained for future reference, and assaying is performed by ALS Chemex laboratories in Val d'Or, Que., and Timmins, Ont. (fire assay with AA finish and gravimetric finish for results above three grams per tonne gold). Mr. Carrier has reviewed and approved the contents of this news release.

Annual meeting update

The company has now scheduled its annual and special meeting of shareholders for July 19, 2012. Consequently, a revised record date for notice of and voting at the meeting has been fixed by the company's board of directors at June 8, 2012.

The company also announces the resignation from the board of directors of Yale Simpson and Anne Slivitzky. The board of directors wishes to thank Mr. Simpson and Ms. Slivitzky for their many years of service to the company.

Further details on the meeting, including nominees to be proposed by management for election to the board of directors of the company, will be contained in a management information circular that will be mailed to shareholders of the company in due course.

Pursuant to the advance notice provisions of the company's bylaws, the company has received notice of an alternative slate of nominees that may be proposed for election at the meeting.

We seek Safe Harbor.