Mr. Garett Macdonald reports

MARITIME RESOURCES INITIATES GOLD RECOVERY PROGRAM AT THE PINE COVE MILL

Maritime Resources Corp. has initiated a precious metals cleanup program at the company's newly acquired Pine Cove mill complex, located in the Baie Verte mining district, approximately 20 kilometres from the town of Baie Verte, Nfld. Maritime's mill employees have recovered and poured a gold dore bar containing 281.1 ounces of gold generating approximately $750,000 of revenue. Over the next few months, the remaining fines and residues throughout the mill will be collected and concentrated by a specialized contractor for shipment to a refinery for final recovery of any precious metals. The proceeds will be used for general working capital purposes.

Maritime is conducting additional sampling throughout the property and has identified gold mineralization contained in the TSF No. 2 tailings pond (see the table entitled "Sample results"), where material grading between 1.19 grams per tonne (g/t) and 31.1 g/t gold was identified. Further sampling is under way to define the extent of this material and determine the potential for processing through the Pine Cove mill. The material stored in this pond includes fines collected from the wash plant operated by Shoreline Aggregates Inc., which processes mine waste rock from the Pine Cove mine into aggregates for shipment to international customers. Recent sampling of the wash plant fines confirmed the presence of high-grade gold assaying 11.4 g/t. Maritime and Shoreline are investigating the installation of a gravity recovery circuit to the wash plant to collect any gold on a more permanent basis.

"This was a tremendous effort by the team at Pine Cove to find hidden value in our assets and pour Maritime's first-ever gold dore bar," comments Garett Macdonald, president and chief executive officer. "The Pine Cove mill complex is a unique and strategic asset given its location and mineral processing infrastructure. We are excited to see it bring value to the company so soon after completing the acquisition and continue to evaluate several near-mill opportunities, including the Hammerdown and Stog'er Tight deposits, to start generating cash flow as quickly as possible with the least amount of capital."

Qualified person

Exploration activities at the Hammerdown gold project are administered on site by the company's exploration manager, Larry Pilgrim, PGeo. In accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, Mr. Pilgrim, is the qualified person for the company, and has prepared, validated and approved the technical and scientific content of this news release. The company strictly adheres to CIM (Canadian Institute of Mining, Metallurgy and Petroleum) Best Practices Guidelines in conducting, documenting and reporting its exploration activities on its exploration projects.

Analytical procedures

All samples assayed and pertaining to this press release were completed by Eastern Analytical Ltd. (EAL), located at Springdale, Nfld. EAL is an ISO 17025:2005 accredited laboratory for a defined scope of procedures. EAL has no relationship to Maritime Resources. Samples are delivered in sealed plastic bags to EAL by Maritime field crews, where they are dried, crushed and pulped. Samples are crushed to approximately 80 per cent passing a minus-10 mesh and split using a riffle splitter to approximately 250 grams. A ring mill is used to pulverize the sample split to 95 per cent passing a minus-150 mesh. Sample rejects are securely stored at the EAL site for future reference. A 30-gram representative sample is selected for analysis from the 250 grams, after which EAL applies a fire assay fusion followed by acid digestion and analysis by atomic absorption for gold analysis. Other metals were analyzed by applying an acid digestion and 34-element ICP (inductively coupled plasma) analysis finish. EAL runs a comprehensive quality assurance/quality control (QA/QC) program of standards, duplicates and blanks within each sample stream.

About Maritime Resources Corp.

Maritime is a gold exploration and development company focused on advancing the Hammerdown gold project in the Baie Verte district of Newfoundland and Labrador, a top-tier global mining jurisdiction. Maritime holds a 100-per-cent interest directly and subject to option agreements entitling it to earn 100-per-cent ownership in the Green Bay property, which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 square kilometres of exploration land, including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit. The company also owns the Lac Pelletier gold project in Rouyn-Noranda, Que.

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