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      Mediterranean Announces Private Placement
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Vancouver, BC, May 5, 2010 -- Mediterranean Resources Ltd. (the
"Company") (TSX MNR, Frankfurt MHM1) announces a non-brokered private
placement of a maximum of 14,000,000 shares at a price of $0.08 per
share for gross proceeds of approximately $1,100,000.

The proceeds from the financing will be used for advancement of the
Company's Tac, Corak and Celtik projects within the Yusufeli property
in Turkey and for general working capital purposes.

Closing of the placement is subject to the approval of The Toronto
Stock Exchange.

About Mediterranean Resources

MNR is an advanced gold exploration company operating in north-eastern
Turkey.  MNR has a 100% interest in the Tac and Corak deposits where an
NI 43-101 compliant resource estimate established an indicated resource
of 49.5 million tonnes grading 0.99 g/t Au containing 1.58 million
ounces of gold and an inferred resource of 11.0 million tonnes grading
0.83 g/t Au containing 290,000 ounces of gold.   

MNR controls a contiguous 12km mineralized trend known as the Yusufeli
Property which provides considerable exploration potential.
Approximately $15 million in cumulative expenditures have been made to
date in exploring the property.


On behalf of the Board of Directors,
"Dr. Peter J. Guest"
President & CEO


For further information please contact:

Peter J. Guest
President & CEO
Ph:  604-669-3397
pguest@medresources.ca
Website: www.medresources.ca

or

John Walter
Communications Manager, IR
Ph:  1-647-430-0197
john@jfwalter.com

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Copyright (c) 2010 MEDITERRANEAN RESOURCES LTD. (MNR.H)  All rights
reserved.  For more information visit our website at
http://www.medresources.ca/ or send mailto:info@medresources.ca
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