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SHAREHOLDER UPDATE
January 15 , 2011
January 15, 2011, Juan Jose Quijano Fernandez granted a time extension request by the Joint Venture Agreement parties to complete their initial funding deposit. The JVA partners emphasized their difficulty with legal and banking requirements causing this unexpected transactional delay. Senor Quijano states that all the terms and conditions of the signed JVA contract remain in effect.
Kindest Regards,
The Board of Directors
Cerro Dorado, Inc.
Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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