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Maudore Minerals' (TSXV:MAO) Management Slate of Nominees Reaffirmed by Independent Proxy Advisory Firm Glass, Lewis & Co


July 17, 2012 - Vancouver

Independent proxy advisory firm Glass, Lewis & Co., LLC has recommended that shareholders of Maudore Minerals Ltd. (TSXV:MAO) (OTCBB:MAOMF) (Frankfurt:M6L) vote in favour of the management's slate of nominees ahead of Maudore's upcoming annual meeting.

An urgent reminder to Maudore shareholders

The voting deadline is 10am (Toronto time) on Tuesday July 17, 2012.

If you have any questions about voting your BLUE PROXY, please contact Kingsdale Shareholder Services at +1-866-230-2635 tollfree in North America, or at +1-416-867-2272 outside of North America (collect calls accepted), or by email at contactus@kingsdaleshareholder.com.

Glass Lewis confirms that Rex Harbour and his group are seeking to hijack Maudore without paying shareholders the normal premium in a change of control. "While the dissident claims that it is not seeking a stealth takeover of Maudore that is exactly what would occur if its proposed slate were approved", Glass Lewis said.

Welcoming Glass Lewis' findings, Ron Shorr, Maudore's chief executive, said: "It's unanimous. Both independent proxy advisers, ISS and Glass Lewis have urgedshareholders to vote for management. Their conclusions confirm that it would be dangerous to change ships inmid-stream. Management has consistently delivered, while the dissidents are merely serial corporate raiders with no experience in the Quebec mining industry."

The dissidents, led by Rex Harbour, have continued in recent days to make false andoutrageous accusations against management's highly-qualified slate of nominees. Shareholders are advised to take their guidance from the independent proxy advisers. ISS noted in its report that management's slate of directors has the skills, experience, relationships and industry knowledge to continue providing strong leadership.

Echoing ISS, Glass Lewis said: "We generally believe that the board and management are in the best position to make decisions regarding the company's governance."

Attention Maudore shareholders:

You are urged to vote only your BLUE proxy well in advance of the deadline of 10am (Toronto time) on July 17, 2012. If you have voted a yellow proxy, you can still change your vote, simply by voting your BLUEproxy today. Your subsequent later dated BLUE proxy will replace any prior yellow proxy you may have voted. If you have any questions about your vote, please contact Kingsdale Shareholder Services at +1-866-230-2635 toll free in North America or at+1-416-867-2272 outside of North America (collect calls accepted) or by email at contactus@kingsdaleshareholder.com.

About Maudore Minerals Ltd.

Maudore owns 100% of the Comtois gold project in Quebec, as well as a large land area west of Comtois with volcanogenic gold/massive sulphide (VMS) potential. VMS gold deposits are more common in Quebec than anywhere else in the world. Maudore's total land package now extends over 94,000 hectares (235,000 acres or 367 square miles).

For more information please contact Ronald Shorr, CEO at +1-514-761-1415 or info@maudore.com.

CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
+1-604-684-5524
bmorgan@investmentpitch.com


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Source: InvestmentPitch via Thomson Reuters ONE

Copyright (c) Thomson Reuters 2012. All rights reserved.



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