Dorato Provides Update on Aggressive Exploration Program at Cordillera Del Condor Gold Project, Peru

Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE: DRI)(FRANKFURT: DO5) is pleased to provide an update on its aggressive multi-million dollar precious metal exploration program at its c. 700-km2 Cordillera del Condor Project in northern Peru. The principal gold target identified to date, El Tambo, is located on the Southern extension of the Chinapintza district. Previous work by AngloGold Ashanti identified high-grade gold and silver bearing veins and workings over a 500 by 300 metre area, which remains open.

First pass exploration by AngloGold-Ashanti at the El Tambo target reported an average value of 11.7 grams gold per tonne in gold-bearing veins that ranged from anomalous to 49 grams gold. Additionally, average values of 261 grams silver per tonne (ranging from anomalous to 2,172 grams silver). Associated base metals (copper, lead, zinc) were typically above detection limits (+1%). There has been no prior drill testing of the El Tambo target.

Exploration studies to date by the Company include District-scale geological and structural targeting, proof-of-concept surface mapping and sampling, and clearly demonstrate that the area is an immediate extension of the emergent and prolific Ecuadorian precious and base metal district - host to the Mirador Porphyry District (combined mineral inventory of 25.4 billion contained lbs. copper, 4.5 million oz. gold and 30 million oz. silver), Fruta del Norte (inferred resource of 13.2M oz contained gold) as well as the Chinapintza and Nambija Gold Districts (To view Figure 1 & 2 please click on the following link: http://media3.marketwire.com/docs/dri0709.pdf ).

Dorato's exploration program will screen the large, highly prospective land package using a combination proven 'mine-finding' geochemical and airborne geophysical techniques. The Company's objective is to define first order drill targets for testing later in the year.

The project is fully staffed with 3 senior geologists, 6 junior geologists and 2 highly experienced gold specialists in addition to ancillary support staff. The first phase of exploration and drill testing is budgeted at USD$7 million dollars, details of which are set-out below:

Phase I - Tambo Block

The principal gold target identified to date is El Tambo.

Line cutting and topographic studies have commenced and are being followed by detailed mapping and sampling on the El Tambo gold-silver hydrothermal system. Work to date clearly demonstrates that gold is ubiquitous in the system with abundant small scale workings over a large 500-by-300 metre area within a broader area as yet to be fully delineated. Pan concentrates over a 10 kilometre strike all returned gold colours including a nugget up to 4 mm in diameter -- further demonstrating the gold endowed nature of the target area.

Construction of the main 40-man camp is currently in progress and is anticipated to be completed shortly (see website for photographs).

Phase II

Target generation by SRK and Dorato has identified numerous additional targets located in a regional-scale North-South gold-copper mineralized fairway that is interpreted to span the Peru-Ecuador border region. The regional-scale metalliferous structural corridor commences at the Mirador Porphyry District in the North and extends to the South of the Chinapintza gold district (Figure 2). Within this prospective zone individual targets have been prioritized based on their structural analogies to the large known productive systems (Figure 2).

Future work will consist of a property wide airborne geophysical survey, regional geochemical stream sediment surveys and geological prospecting in order to vector in on discrete deposit-scale anomalies.

Qualified Person and Quality Control/Quality Assurance

EurGeol Dr. Mark D. Cruise, a qualified person as defined by National Instrument 43-101, has supervised the preparation of the scientific and technical information that forms the basis for this news release.

The work programs at Dorato were designed by, and are supervised by Mark D. Cruise and Dr. Paul Klipfel (independent geological consultants), who together are responsible for all aspects of the work, including the quality control/quality assurance program. On-site personnel at the project rigorously collect and track samples which are then security sealed and shipped to ACME Laboratories, Vancouver, for assay. ACMEs 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 Dorato personnel in order to independently assess analytical accuracy. Finally, representative blind duplicate samples are routinely forwarded to ACME and an ISO compliant third party laboratory for additional quality control.