Mediterranean Resources Ltd. ("Mediterranean") is focused on developing gold deposits in Turkey.

Currently, Mediterranean is actively working on its two 100% owned properties that saw more then US$4 million of development by Teck Cominco during the 1990's. These properties are called Taç and Çorak.

During 2006 Mediterranean spent US$3.1 million of exploration on Taç, after which it earned an undivided interest in the properties, and during 2007 Mediterranean spent US$4.5 million of exploration on Taç and Çorak.

On March 11, 2008 Mediterranean announced new NI 43-101 compliant resource estimates for Taç and Çorak. Highlights of the study are as follows:

• Indicated resource of 1,598,417 ozs of gold at both Taç and Çorak on a gold-equivalent basis with a threshold of US$13/tonne contained metal value (and inferred resource of 730,889 ozs);
• Indicated resource of 1,335,249 ozs of gold at both Taç and Çorak on a capped basis with a threshold of US$13/tonne contained metal value (and inferred resource of 484,276 ozs);
• At Çorak, indicated resource of approximately 107 million lbs of zinc, (and inferred resource of 132 million lbs of zinc); and indicated resource of approximately 64.0 million lbs of lead, (and inferred resource of 78.0 million lbs of lead);
• Also at Çorak, indicated resource of approximately 654,334 ozs of silver on a capped basis with a threshold of US$13/tonne contained metal value (and inferred resource of 887,627 oz of silver);
• Metallurgical testing has clearly indicated flotation to be the most appropriate method of metal recovery and concentration.

At the Çorak deposit, alteration and mineralization occupy broadly the same stratigraphic interval as at Taç, namely the uppermost few hundred metres of massive volcanic rocks below the well-bedded volcanosedimentary package. The massive volcanic rocks consist of a sequence of tuffs, andesitic or andesitic-basaltic lava flows and volcaniclastics including agglomerates (volcanic breccias), lapillistone, lapilli-tuff and tuffaceous sandstone. A package of alternating sandstone, siltstone, limestone, marl and mudstone interbedded with tuffaceous sandstones comprise the overlying volcanosediments. Both the volcanics and volcanosedimentary rocks are intruded by mafic- to intermediate-composition plugs and sheet intrusions.