SHAREHOLDER UPDATE
March 12 , 2007
Dear Shareholders:
It has come to our attention that certain information pertaining to our ongoing negotiations with joint venture partners has appeared on various message boards on the web.
Please be informed that any legitimate information relating to a joint venture agreement will appear on the Cerro Dorado website, and any other information posted on other message boards or web sites cannot be considered factual or approved by officers of the company.
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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