Mr. Darryl Cardey reports

CAIRO RESOURCES ANNOUNCES PROPOSED CONSOLIDATION

Cairo Resources Inc.'s board of directors has approved the consolidation of the company's issued and outstanding common shares on the basis of one new common share for every five existing common shares.

Currently, there are 3.5 million common shares issued and outstanding, and, upon completion of the consolidation, there will be approximately 700,000 common shares, subject to adjustment for fractional shares.

The proposed consolidation is subject to shareholder approval and TSX Venture Exchange acceptance.