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Shareholders of Cerro Dorado, Inc.
We wish to announce that Mr William Buchanan has sent Cerro Dorado a letter of resignation. He has served the Company as Treasurer and Director for over two years and has given his time and finances for the benefit of Cerro Dorado.We wish him well as he winds down his obligations to enjoy his retirement. Mr Buchanan has graciously agreed to help in the transition with the new Treasurer.
The Board of Directors wish to announce that Mr B. Thom Clark, P.G. of West Jordan, Utah has agreed to serve on the board of directors as of (August 1, 2008) and to serve as Secretary Treasurer
Mr Thom Clark has an extensive resume and geological experience in economic and environmental geology. His full resume will be on Cerro Dorado website listed under EXECUTIVE TEAM.
We also wish to announce that Cerro Dorado has acquired the Columbo claims l, ll, lll, and lV by paying off its debt for those claims to Medinah Minerals in the amount of $16,897.08.
The processing of the paper work in Chile will take approximately three weeks.
These funds were loaned to Cerro Dorado by the Board of Directors with the stipulation that the funds be repaid upon the closing of the pending Joint Venture.
The Columbo claims consist of the following as per mapping information provide by Mr Les Price.
Columbo l 300 Hectares
Columbo ll 300 Hectares
Columbo lll 300 Hectares
Columbo lV 150 Hectares
Total 1050 Hectares
With the previous claims owned by Cerro Dorado, this gives the company a Total of 2220** Hectares.
Sincerely,
Board of Directors, Cerro Dorado Inc
** Subject to final mapping
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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