Mexoro Minerals Intersects High Grade Mineralization at the Cieneguita Project, Mexico

    CHIHUAHUA, Mexico, July 17 /EMWNews/ -- Mexoro Minerals

Ltd. Intersects High Grade Mineralization At Its Cieneguita Project (OTC

Bulletin Board: MXOM) (Frankfurt: OYA1).



    Mexoro Minerals Ltd. is pleased to announce assay results from six

additional drill holes at its Cieneguita Project. The assays included drill

holes CI-25, CI-27 to CI-29 and CI-31 to CI-32 which intersected high grade

mineralization. These assays are the second set of assay results under the

new strategic alliance with Paramount Gold and Silver Corp. (AMEX: PZG;

TSX). The Cieneguita project is a former producing mine in Chihuahua

Mexico. It is believed to be in the same mineralized trend and only 20 km

away from Goldcorp's El Sauzal mine, Mexico's largest producing gold mine

and adjacent to Paramount's Andrea project. Cieneguita was last in

production by Glamis Gold Ltd. between 1995 and 1998 prior to its

acquisition by Goldcorp Inc.



    The current drill program continues to intersect high grade

mineralization both along strike and at depth. Drilling continues at this

project to help better understand this mineralized system and to test its

depth potential. Assays have now been received from 30 of 39 drill holes at

the Cieneguita project.



    Drill hole CI-25 intersected 46.50 m of 1.10 g/t Au, 332.60 g/t Ag,

0.35% Pb & 0.66% Zn, including: 10.95 meters of 2.13 g/t Au, 976 g/t Ag,

0.38% Pb & 0.96% Zn; and 13.45 meters of 1.30 g/t Au, 149.53 g/t Ag, 0.57%

Pb & 0.68% Zn. Within CI-25 there were two very narrow high grade veins

which intersected 0.15 m of 8.23 g/t Au, 5500 g/t Ag and 0.1 m of 8.84 g/t

Au, 3130 g/t Ag



    Drill hole CI-27 intersected 85.50 m of 0.70 g/t Au & 54.46 g/t Ag

including: 7.50 meters of 1.54 g/t Au, 148.66 g/t Ag, 0.15% Pb & 0.32% Zn

and 9.00 meters of 1.07 g/t Au, 82.47 g/t Ag, 0.18 % Pb & 0.22% Zn



    Drill hole CI-29 intersected 30 m of 0.66 g/t Au, 58.75 g/t Ag, 0.45%

Pb & 0.58% Zn including: 10.50 meters of 1.01 g/t Au, 92.71 g/t Ag, 0.37%

Pb & 0.33% Zn,; 15 m of 1.77 g/t Au & 66.65 g/t Ag including 6 m of 3.55

g/t Au and 116.75 g/t Ag; 64.60 m of 0.56% Pb & 0.80% Zn; and 12.80 m of

0.28% Pb & 0.70% Zn.



    For a complete assay table and maps of Cieneguita, please visit our

website at http://www.mexoro.com.










      Hole ID    From     To (m)    Interval  Au (g/t) Ag (g/t)   Pb     Zn

                 (m)                   (m)                        (%)    (%)



       CI-25      0.00    25.20       25.20     0.53    66.34    0.44   0.74

                 52.00    98.50       46.50     1.10   332.60    0.35   0.66

     Including   56.95    69.05       10.95     2.13   976.05    0.38   0.96

     Including   69.05    82.50       13.45     1.30   149.53    0.57   0.68

                279.30   293.90       14.60     0.19   110.31    0.25   0.63



       CI-27     11.10    24.60       13.50     0.60    26.84    0.24   0.35

                 44.10   126.60       85.50     0.70    54.46

     Including   56.10    63.60        7.50     1.54   148.66    0.15   0.32

     Including  110.10   119.10        9.00     1.07    82.47    0.18   0.22



       CI-28     61.50   158.00       96.50     0.62    61.75

     Including   42.50    87.40       44.90     0.40    69.44

     Including  113.00   120.50        7.50     1.16   143.24

     Including  125.00   137.00       12.00     1.04   114.71



       CI-29      5.00    56.00       51.00     0.50    55.03    0.34   0.46

     Including   26.00    56.00       30.00     0.66    58.75    0.45   0.58

     Including   45.50    56.00       10.50     1.01    92.71    0.37   0.33

                 81.50    96.50       15.00     1.77    66.65

     Including   90.50    96.50        6.00     3.55   116.75

                132.50   197.00       64.60                      0.56   0.80

    End of hole 225.50   238.30       12.80                      0.28   0.70



       CI-31      0.00    11.30       11.30     0.80     9.71

                 59.50    66.10        6.60     1.07   162.42    0.37   0.74

                101.50   104.50        3.00     1.46



       CI-32      4.10     7.55        3.45     0.90    68.75

                 46.50    61.00       14.50     1.89    84.01    0.22   0.29

                 76.50    80.30        3.80     1.10





    Quality Control



    Mexoro takes digital photographs of the entire core before sampling.

The samples are analyzed by ALS Chemex Labs in Vancouver, Canada. Samples

are analyzed by Au (Atomic Absorption) plus an ICP multi-element package.

We inserted certified standards, blankets and duplicates into all samples

shipment to the laboratory. Half-core samples are retained in our storage

for verification, reference and all other purposes



    These results have been prepared under the supervision of Barry Quiroz,

MSc., Mexoro VP of Exploration. He has the expertise and authority to

verify the authenticity and validity of this data. The qualified person who

has reviewed this news release is Dana C. Durgin, M. Sc. Economic Geology.

He is a Certified Professional Geologist (CPG #10364) with the American

Institute of Professional Geologists, and a Registered Professional

Geologist in Wyoming (PG-2886).

    About Mexoro:



    Mexoro Minerals Ltd., is an exploration and production company focused

on mining precious metals in the traditionally mineral rich Sierra Madre

region of Chihuahua, Mexico which controls three historical gold-silver

mines for which additional exploration has confirmed significant mineral

potential. The Company also has claims on additional properties, in the

Chihuahua area near Paramount's San Miguel projects. Mexoro recently signed

a Strategic Alliance with Paramount Gold and Silver Corp. (AMEX: PZG; TSX).



    This Press Release contains certain forward-looking statements within

the meaning of the Private Securities Litigation Reform Act of 1995. The

Company has tried, whenever possible, to identify these forward-looking

statements using words such as "anticipates", "believes", "estimates",

"expects", "plans", "intends", "potential" and similar expressions. The

Company believes that the Cieneguita property is in the same mineralized

trend and only 20 km away from Goldcorp's El Sauzal mine. These statements

reflect the Company's current beliefs and are based upon information

currently available to it. Accordingly, such forward-looking statements

involve known and unknown risks, uncertainties and other factors which

could cause the Company's actual results, performance or achievements to

differ materially from those expressed in or implied by such statements.

The Company undertakes no obligation to update or advise in the event of

any change, addition or alteration to the information catered in this Press

Release including such forward-looking statements.






     Corporate Headquarters

     Mexoro Minerals Ltd.

     C. General Retana #706

     Col. San Felipe, C.P. 31203

     Chihuahua, Chih., Mx



     Investor Relations +1 (613) 288-4288