Initial Drill Results for Cobrecon Copper Gold Porphyry Target

Four holes confirm porphyry mineralization

Hole CBC-02 intersects 126 metres of 0.19% Cu, 0.04g/t Au, 0.002% Mo within broader intercept of 228m of 0.16% Cu, 0.04g/t Au, 0.002% Mo

Vancouver, British Columbia - Dorato Resources Inc. (?Dorato? or the ?Company?) (OTCQX: DRIFF, TSX-V: DRI, Frankfurt: D05) announces receipt from Minera Afrodita of drill core assay results from the first four holes drilled at the Cobrecon copper-gold porphyry target, in the Condor Copper-Gold District in northern Peru.  Cobrecon is the northern of two large, parallel porphyry systems, the southern system being Cobrecon South, which is yet to be drill-tested.  Dorato has a right to acquire 100% of Minera Afrodita.

The upper portion of hole CBC-01 intersected 0.16% Cu, 0.03g/t Au, and 0.002% Mo over 100 metres, and a second, deeper intercept returned 0.12% Cu, 0.02g/t Au, and 0.002% Mo over 165 metres.  Hole CBC-02 intersected 228 metres of 0.16% Cu, 0.04g/t Au, 0.002% Mo, from 6 to 234 metres, including 126 metres of 0.19% Cu, 0.04g/t Au, 0.002% Mo.

Average grades in holes CBC-01 and CBC-02 are consistent with rock samples collected at surface, which ranged from 0.1% to 0.2% copper.  Drill testing has confirmed similar grades at depth and for significant thicknesses, as would be expected in a porphyry system. 

Two additional holes have been completed approximately 700 metres to the southeast to test a recently discovered area of surface mineralization, where multiple rock samples grade 0.2% to 0.5% copper.  Drilling continues with at least five additional holes planned.

Results in Detail

Six holes at Cobrecon are now complete (total 2250m) with holes CBC-07 and 08 in progress (Figure 1). Final results have been received for holes CBC-01 to 04; with assay highlights included as Table 1 (below).

Table 1: Cobrecon Significant Drill Intersections

Interpretation

The four holes were drilled in pairs from two platforms in order to better determine the centre of the mineralization. The west-directed holes (CBC-03 and CBC-04) collared in mineralization but drilled out of it to the west and at depth ? this suggests that holes CBC-01 to -04 are located close to the edge of the porphyry system.  East-directed holes (CBC-01 and CBC-02) intersected mineralization from near-surface to end of hole (ending in mineralization), suggesting that the porphyry system remains open to the east and at depth (Figures 2 and 3).

Open System

The fact that the system is open is important for overall size potential (tonnage) and will require more drilling to be fully tested.  The area of surface mineralization is open to the south (currently being drill-tested by CBC-05 and CBC-06) where multiple surface rock samples returned grades between 0.2% and 0.5% copper.  It is open to the north, where a surface sample grading 0.63% copper and 0.48 g/t gold will be tested at depth by planned drilling.  Finally, the system is open to the east where surface soil anomalies are higher than anywhere else within the anomaly.

Geology, Alteration & Structure

The better mineralization is related to, but not confined by, northwest-trending, subvertical phreatic breccia dikes.  Mineralization occurs as fine disseminated chalcopyrite as well as coarser blebs in the breccia matrix. Diorite, hornfels arenite, and diabase also host disseminated chalcopyrite. Quartz-sericite-pyrite and argillic alteration predominates, with common late-stage calcite veining within the breccia.  Only one significant post-mineral dike was intersected, in hole CBC-02, near the outer margin of the mineralization. Copper grades decrease within more common early dacite porphyry dikes, which are closely associated with the mineralization. These dacite dikes precede the breccia.

The highest-grade copper interval is from CBC-02, which returned 0.19% Cu over 126m between 108-234m in an area of stronger potassic-silicic alteration and better chalcopyrite-pyrite ratios. This is within a larger intercept of 228m of 0.16 Cu, from 6m below the surface down.  Hole CBC-01 intersected similar grades, including an upper intercept of 100 metres of 0.16% Cu and a deeper intercept of 165m of 0.12% Cu. Both holes ended in mineralization at their target depths.

Cordillera Del Condor Background

The Cordillera del Condor has been one of the most important gold-bearing areas in Ecuador and Peru since pre-Incan times. On the Ecuador side of the border, historical high-grade, small scale gold production is reported to have exceeded 100,000 oz per year.

Modern exploration on the Ecuadorian side of the border has resulted in the discovery of multiple, significant and world-class gold and base metal-bearing districts, such as Kinross Gold Corp's Fruta del Norte Gold deposit with an inferred resource of 13.6 million contained ounces of gold averaging 7.23 g/t gold), the Mirador Copper-Gold porphyry deposit (recently sold by Corriente Resources Inc.) with measured & indicated resources of 438 million tonnes at 0.61% copper, 0.19 g/t gold plus inferred resources 235 million tonnes at 0.52% copper, 0.17 g/t gold, and the Mirador Norte Copper-Gold porphyry deposit (indicated 171 million tonnes at 0.51% copper, 0.09 g/t gold; inferred 46 million tonnes at 0.51% copper, 0.07 g/t gold), and Dynasty Metals & Mining Inc.'s Jerusalem Gold deposit in the Chinapintza district with measured & indicated resources of 0.58 million contained ounces gold at 12.4 g/t gold plus an additional 0.71 million ounces inferred contained ounces averaging 11.5 g/t gold). The technical information with respect to the above deposits was obtained through the respective companies' public disclosure documents available on SEDAR.

Qualified Person

John Drobe, P.Geo., Dorato?s Vice President of Exploration and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for this news release.  Mr. Drobe is not independent of the Company as he is an officer and a shareholder.

The geochemical results were reviewed by Tansy O?Connor-Parsons, Senior Geochemist.  Minera Afrodita on-site personnel rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Lima, Peru for assay.  ACME's quality system complies with the requirements for the international standards ISO 9001:2000 and ISO 17025:1999.  Analytical accuracy and precision are monitored by the analysis of reagent blanks, reference material and replicate samples.  Quality control is further assured by the use of international and in-house standards.  Blind certified reference material is inserted at regular intervals into the sample sequence by field personnel in order to independently assess analytical accuracy. In addition, representative blind duplicate samples are routinely forwarded to ACME and an ISO-compliant third party laboratory for additional quality control.