MZO

Mazorro Resources Inc. ("Mazorro" or the "Company") (TSX
VENTURE:MZO)(FRANKFURT:JAM) is pleased to provide a corporate update on its
current status and planned activities. Mazorro currently has a cash position of
approximately $300,000 hard (non-flow-through) dollars. Given the challenging
financial markets which have significantly impacted most junior exploration
company share prices and have limited access to new financing at reasonable
valuations, Mazorro has taken several actions to minimize its cash burn rate.


These initiatives include the following:



--  Mazorro has curtailed discretionary spending on promotion activities and
    investor relations road shows for a period continuing at least through
    the balance of the summer; 
--  The Company's CEO has voluntarily reduced his monthly compensation by
    $8,000 per month; 
--  Mazorro has terminated the Dalquier property option agreement and will
    not incur any further exploration costs or option or share payments for
    this property. Termination of the Dalquier property option agreement
    allows Mazorro to be a purely gold focused exploration company and to
    dedicate its resources and focus on the Lapaska gold project in Val
    d'Or.



For the Lapaska project, the Company has incurred approximately $1.4 million in
exploration expenditures to date. This leaves a balance of approximately
$300,000 in exploration expenditures to be incurred in order to vest a 50%
ownership interest in the Lapaska project. Under the terms of the Lapaska option
agreement completion of these expenditures are required prior to December 31,
2013. The Company plans to initiate a next drilling campaign which would
complete the exploration expenditure requirements as soon as market conditions
support financing at reasonable valuations.


In other news, the Company has granted Mr. Neil Richardson 250,000 stock options
exercisable at $0.10 per stock option. These stock options expire on July 25,
2017 and are subject to the terms and conditions of the Company's stock option
plan. Mr. Richardson was recently elected as a director of Mazorro at the
Company's annual and special meeting. This grant of stock options is subject to
TSX Venture Exchange acceptance.


About Mazorro 

Mazorro Resources Inc. is a TSX Venture listed, Canadian based, precious metals
exploration company that is active in creating value through exploration and
development of bulk tonnage and high-grade gold deposits within Canada's Abitibi
Gold district. Mazorro has 47,364,773 common shares outstanding. 


Some statements in this release may contain forward-looking information. All
statements, other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements regarding potential
mineralization) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should", "continue",
"expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or
the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to control or
predict, that may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, without limitation, failure to establish estimated mineral
resources, the possibility that future exploration results will not be
consistent with the Company's expectations, changes in world gold markets or
markets for other commodities, and other risks disclosed in the Company's public
disclosure record on file with the relevant securities regulatory authorities.
Any forward-looking statement speaks only as of the date on which it is made and
except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement.

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