Maudore Minerals Ltd. announced completion of an updated Mineral Resources Estimate for the Vezza Project, located 25 km south of Matagami, Quebec. The effective date of this latest estimate of Mineral Resources is December 31, 2012. Total resources (Indicated and Measured) of the Contact Zone are now estimated at 1,244,850 tonnes grading 6.5 g/t Au for a total of 261,110 ounces of gold.

This Mineral Resource estimate compared to an estimate prepared as of December 31, 2011, using a 3 g/t Au Cut-off, shows an increased proportion of Measured Resources relative to Indicated Resources. The December 31, 2011 mineral resource estimate was prepared by North American Palladium.