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CORPORATE UPDATE
January 24, 2007
During December 2006 and January 2007, our associate Juan Jose Quijano Fernandez advanced the sum of $40,000 for Cerro Dorado and Medinah Minerals properties in Chile. These sums were required in payment of land use taxes, surface rights, access rights and legal fees associated with the properties. These required payments are a normal annual mandate by the Chilean government. The official notice of receipt of all payments has been acknowledged, and the companies received a validated “Mensura” on each of the Alto de Lipangue, Las Dos Marias and Cerro Dorado properties. As a result of the above, the mineral claims remain in excellent standing (“Mensura”) and Cerro Dorado and Medinah Minerals are each fully recognized and protected to conduct business as Chilean entities.
Company Mining Engineers and Geological Staff have just recently completed thorough examinations of the newly acquired properties adjacent to the present Cerro Dorado and Medinah Minerals properties. Complete mineral assay results are being promulgated which will be forthcoming in a subsequent shareholder update report. Eact of the new claims has been fully researched in the Chilean Mining Recorder’s office. During the next two weeks a full and comprehensive mapping will be produced in order to show the entirety of Cerro Dorado and Medinah Minerals respective laims, together with the newly acquired claims as officially recorded.
A further update will be provided on February 2, 2007.
By order of 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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