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Maudore Interprets Data Identifying Gold Discovery East of Sleeping Giant Mine

January 27, 2014

MONTREAL, Jan. 27, 2014 /CNW Telbec/ – Greg Struble, President and Chief
Executive Officer of Maudore Minerals Ltd. (“Maudore” or the “Company”)
(MAO: TSX Venture; MAOMF: US OTC; M6L: Frankfurt Exchange), announces that Maudore has conducted a detailed
review of the historical geophysical datasets compiled by Aurbec Mines
Inc. (“Aurbec”) both prior to the acquisition of Aurbec by Maudore
(when Aurbec was known as NAP Quebec Mines (“NAP Quebec”)) and
subsequent to such acquisition (when NAP Quebec was then renamed Aurbec
Mines Inc.). The result of this review is that the Company has
identified a new gold zone east of its Sleeping Giant mine.

Through stitching Maudore’s detailed aeromagnetic data with NAP Quebec’s
historical detailed magnetic surveys, geologists continue to improve
the ability to explore the Company’s land holdings. Importantly,
within a few kilometers of the Sleeping Giant headframe and mill, new
mineralized exploration targets have been identified from this review
of the combined magnetic dataset and historical drill data in the
Northern Volcanic Zone of the Abitibi Greenstone Belt. These targets
are significant as they may represent potential brownfield discoveries
which are adjacent to an operating mill and therefore may provide the
Company with future growth opportunities once markets rebound.

Combined aeromagnetic surveys

In 2012, Maudore completed detailed regional airborne magnetic surveys
to cover all of the Company’s land holdings in the Northern Volcanic
Zone of the Abitibi Greenstone Belt. The Aurbec acquisition brought
with it similar airborne magnetic surveys covering Aurbec’s properties.
Combining these two datasets has generated a new strategic asset that
will be instrumental in Maudore’s efforts to identify new discoveries.

The stitching together of high resolution airborne magnetic datasets has
generated a new level of detail in regional magnetics which can be used
to map property geology and identify gold-bearing structures (see
Figure 1 below). The combined dataset consists of 13 low-level detailed
aeromagnetic surveys totaling 14,667 line-kilometers flown by NOVATEM
Inc for Maudore in the last quarter of 2012. Six other geophysical
datasets previously flown by Aurbec are also integrated into the
enhanced dataset. Maudore’s consulting geophysicist has processed this
data and provided an interpretation that has now been integrated into
the Company’s GIS database. The next steps would be to add airborne
VTEM and MegaTEM electromagnetic anomalies and land-based induced
polarization geophysical targets in order to further enhance the
dataset.

Figure 1: Stitched High-Resolution Magnetics Overlain on the Background
Regional Magnetics

Link to Figure 1: http://maudore.com/en/MediaHandler.ashx?MediaId=3b51f3ec-ef92-43fb-b3e5-a2a88543516f

As shown in Figure 1, the higher resolution and structural definition
delivered from the current stitching project show up quite clearly
against the existing regional background magnetics.

The Northern Volcanic Zone of the Abitibi Greenstone Belt is
underexplored primarily because it is generally covered by thick
overburden. New discoveries rely heavily on the Company’s experienced
geologists and geophysicist, who have a long history of discovery
through efficient and effective use of advanced geophysical, GIS and 3D
modeling software to identify areas with high potential for the
discovery of anomalies associated with gold and other economic
commodities. Maudore’s combined properties have a high potential for
lode gold, VMS gold, base metals and Cu-Ni-PGE discoveries; and the
Company’s geologic team has experience in exploration, discovery and
development in respect of all of these deposit types.

Drilling review highlights gold discovery made in 2011

Between 2009 and 2011, NAP Quebec completed 44 diamond drill holes for
21,048 m on the Sleeping Giant and Dormex properties and discovered the
1200 East Zone, located a few hundred meters south of the previously
mined J-D Zone. These positive drill results are only now being
released to the public as their significance to Maudore becomes
apparent from the interpretation of the combined aeromagnetic surveys.

The best intersections from the 1200 East Zone are 30.34 g/t Au over 2.0
m and 16.61 g/t Au over 1.0 m from diamond drill hole (DDH) GDS-235-11,
and 12.30 g/t Au over 1.0 m and 11.70 g/t Au over 1.0 m from DDH
GDS-227-10. Furthermore, DDH GDS-225-10 returned 26.40 g/t Au over 0.5
m in the J-D extension zone and DDH GDS-218-09 returned 21.2 g/t Au
over 0.5 m in an area north of the Sleeping Giant mine. All diamond
drill core intercepts are core measurements and do not represent the
true width of the gold-bearing zones.

These positive historical drill results demonstrate excellent potential
to discover more gold deposits adjacent to the Sleeping Giant mine and
mill complex, and on the Company’s other properties. Table 1 presents
other significant results of the historical exploration program, and
Table 2 presents the locations of these diamond drill holes. The
Company’s ability to explore for significant new deposits to add to its
current pipeline of projects has improved with the addition of the
updated geophysical data base for the regional properties.

Qualified Person

Kevin R. Kivi, P.Geo., of KIVI Geoscience Inc. approves the technical
content of this press release after review of historical drill data and
a final report. The program was conducted under a quality assurance and
quality control (QA/QC) protocol that included insertion of mineralized
standards and blanks, and reanalysis of randomly chosen samples and
samples with high gold concentration. Historical assaying was conducted
by the Sleeping Giant Laboratory, which is owned by Aurbec and is
neither independent nor accredited. The historical drill project was
supervised by a qualified professional known to Mr. Kivi.

About Maudore

Maudore is a Quebec-based junior gold company in production, with mining
and milling operations as well as more than 22 exploration projects.
Five of these projects are at an advanced stage of development with
reported current and historical resources and mining. Currently, gold
production is ramping up at the Sleeping Giant mine. The Company’s
projects span some 120 km, east-west, of the underexplored Northern
Volcanic Zone of the Abitibi Greenstone Belt and cover a total area of
1,570 km², with the Sleeping Giant Processing Facility within trucking
distance of key development projects.

Cautionary Statement Regarding Forward-Looking Statements

This release and other documents filed by the Company contain
forward-looking statements. All statements that are not clearly
historical in nature or that necessarily depend on future events are
forward-looking, and the words “intend”, “anticipate”, “believe”,
“expect”, “estimate”, “plan” and similar expressions are generally
intended to identify forward-looking statements. These forward-looking
statements include, without limitation, performance and achievements of
the Company, business and financing plans, business trends and future
operating revenues. These statements are inherently uncertain and
actual achievements of the Company or other future events or conditions
may differ materially from those reflected in the forward-looking
statements due to a variety of risks, uncertainties and other factors,
including, without limitation, financial related risks, unstable gold
and metal prices, operational risks including those related to title,
significant uncertainty related to inferred mineral resources,
operational hazards, unexpected geological situations, unfavourable
mining conditions, changing regulations and governmental policies,
failure to obtain required permits and approvals from government
authorities, failure to obtain any required approvals of the regulatory
authorities or from shareholders, failure to obtain any required
financing, increased competition from other companies many of which
have greater financial resources, dependence on key personnel and
environmental risks and the other risks described in the Company’s
continuous disclosure documents.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.

Table 1: Aurbec Mines Inc. 2009-2011 significant drill intercepts.


    Drill Hole    From       To    Length (m)   Value (Au g/t)

    GDS-217-09   138.4    139.4         1.0            1.06

    GDS-218-09   186.5    187.0         0.5            2.98

    GDS-218-09   187.0    187.5         0.5           21.12

    GDS-218-09   233.0    233.5         0.5            7.22

    GDS-218-09   234.5    235.0         0.5            1.11

    GDS-218-09   235.0    235.5         0.5            1.13

    GDS-218-09   247.0    248.0         1.0            1.82

    GDS-218-09   252.0    253.0         1.0            1.04

    GDS-218-09   253.0    254.0         1.0            1.50

    GDS-218-09   258.0    259.0         1.0            1.35

    GDS-218-09   261.0    262.0         1.0            1.09

    GDS-218-09   266.5    267.0         0.5            6.57

    GDS-218-09   315.5    316.0         0.5            1.50

    GDS-218-09   358.0    359.0         1.0            1.50

    GDS-219-09   263.5    264.5         1.0            5.33

    GDS-219-09   264.5    265.5         1.0            3.75

    GDS-219-09   265.5    266.3         0.8            1.07

    GDS-219-09   276.7    277.7         1.0            1.05

    GDS-219-09   379.2    380.1         0.9            2.93

    GDS-222-10   127.0    128.0         1.0            6.96

    GDS-223-10   112.25   112.75        0.5            1.35

    GDS-223-10   201.15   202.15        1.0            1.60

    GDS-223-10   312.3    313.3         1.0            1.24

    GDS-223-10   375.7    376.2         0.5            2.52

    GDS-224-10   196.0    197.0         1.0            3.19

    GDS-224-10   268.0    269.0         1.0            1.03

    GDS-224-10   309.0    310.0         1.0            8.80

    GDS-224-10   342.0    343.0         1.0            3.86

    GDS-224-10   346.0    347.0         1.0            1.59

    GDS-224-10   348.0    349.0         1.0            1.74

    GDS-224-10   382.0    383.0         1.0            1.05

    GDS-224-10   428.0    429.0         1.0            6.07

    GDS-225-10   109.5    110.0         0.5           26.40

    GDS-225-10   130.9    131.4         0.5            1.24

    GDS-225-10   143.5    144.0         0.5            1.17

    GDS-225-10   185.25   186.25        1.0            2.39

    GDS-225-10   290.5    291.5         1.0            1.44

    GDS-225-10   454.0    455.0         1.0            1.29

    GDS-226-10   149.0    150.0         1.0            2.96

    GDS-226-10   193.0    194.0         1.0            1.29

    GDS-226-10   357.0    358.0         1.0            2.79

    GDS-227-10    94.0     95.0         1.0            1.84

    GDS-227-10   102.25   102.75        0.5            1.53

    GDS-227-10   220.5    221.0         0.5            1.06

    GDS-227-10   243.0    244.0         1.0            3.80

    GDS-227-10   248.5    249.5         1.0           11.70

    GDS-227-10   274.0    275.0         1.0            3.62

    GDS-227-10   286.2    286.7         0.5            2.53

    GDS-227-10   300.5    301.0         0.5            1.12

    GDS-227-10   308.0    309.0         1.0            1.03

    GDS-227-10   392.5    393.5         1.0           12.30

    GDS-227-10   396.0    397.0         1.0            3.35

    GDS-227-10   427.0    427.5         0.5            1.12

    GDS-227-10   443.5    444.5         1.0            1.49

    GDS-228-10   160.0    161.0         1.0            2.94

    GDS-228-10   345.0    346.0         1.0            2.94

    GDS-228-10   359.5    360.0         0.5            1.51

    GDS-229-10   360.0    360.5         0.5            1.02

    GDS-232-10   365.0    366.0         1.0            1.08

    GDS-232-10   376.0    377.0         1.0            2.76

    GDS-233-11   136.0    137.0         1.0            6.18

    GDS-233-11   141.0    142.0         1.0            3.22

    GDS-233-11   162.0    163.0         1.0            2.83

    GDS-233-11   382.0    383.0         1.0            1.59

    GDS-233-11   515.5    516.5         1.0            8.95

    GDS-233-11   598.5    599.5         1.0            1.34

    GDS-234-11    90.0     91.0         1.0            1.72

    GDS-234-11   211.5    212.0         0.5            1.86

    GDS-234-11   256.0    257.0         1.0            1.25

    GDS-234-11   262.5    263.5         1.0            1.05

    GDS-234-11   291.5    292.5         1.0            1.20

    GDS-234-11   303.0    303.9         0.9            1.74

    GDS-234-11   307.0    308.0         1.0            2.75

    GDS-234-11   308.0    309.0         1.0            1.87

    GDS-234-11   312.0    313.0         1.0            1.24

    GDS-235-11   139.5    140.5         1.0            2.32

    GDS-235-11   196.5    197.5         1.0            6.36

    GDS-235-11   223.8    224.8         1.0            2.75

    GDS-235-11   276.0    277.0         1.0            1.17

    GDS-235-11   288.5    289.5         1.0            1.37

    GDS-235-11   305.0    306.0         1.0            1.92

    GDS-235-11   357.0    358.0         1.0           16.61

    GDS-235-11   386.0    387.0         1.0           30.76

    GDS-235-11   387.0    388.0         1.0           29.92

    GDS-235-11   404.0    405.0         1.0            2.25

    GDS-235-11   427.0    428.0         1.0            1.01

    GDS-239-11    74.0     75.0         1.0            4.30

    GDS-239-11   299.0    300.0         1.0            2.34

    GDS-239-11   377.0    377.5         0.5            1.02

    GDS-239-11   423.0    424.0         1.0            1.44

    GDS-241-11   436.0    437.0         1.0            3.31


Table 2: Diamond drill hole locations.

     ___________________________________________________
    |Drill hole|      UTM NAD83 z18  |Azimuth|Dip|Length|
    |          |_____________________|       |   |      |
    |          |    East  |   North  |       |   |      |
    |__________|__________|__________|_______|___|______|
    |GDS-217-09|282458.165|5446703.57|   305 |-50|  600 |
    |__________|__________|__________|_______|___|______|
    |GDS-218-09|282903.648|5446706.9 |   330 |-50|  450 |
    |__________|__________|__________|_______|___|______|
    |GDS-219-09|282819.451|5446653.2 |   330 |-50|  501 |
    |__________|__________|__________|_______|___|______|
    |GDS-222-10|285387.432|5445996.81|   30  |-50|  372 |
    |__________|__________|__________|_______|___|______|
    |GDS-223-10|283948.271|5446777.52|   30  |-60|  421 |
    |__________|__________|__________|_______|___|______|
    |GDS-224-10|284190.306|5446143.42|   25  |-60|  501 |
    |__________|__________|__________|_______|___|______|
    |GDS-225-10|283903.218|5446676.22|   30  |-60|  519 |
    |__________|__________|__________|_______|___|______|
    |GDS-226-10|284264.481|5446297.59|   25  |-60|  501 |
    |__________|__________|__________|_______|___|______|
    |GDS-227-10|284002.836|5446210.91|   25  |-60|  501 |
    |__________|__________|__________|_______|___|______|
    |GDS-228-10|   284095 |  5446390 |   25  |-60|  606 |
    |__________|__________|__________|_______|___|______|
    |GDS-229-10|284088.882|5445958.29|   25  |-60|  498 |
    |__________|__________|__________|_______|___|______|
    |GDS-232-10|285274.648|5446785.9 |   30  |-50|  597 |
    |__________|__________|__________|_______|___|______|
    |GDS-233-11|284095.996|  5446385 |   205 |-50|  607 |
    |__________|__________|__________|_______|___|______|
    |GDS-234-11|284124.999|  5446477 |   205 |-60|  616 |
    |__________|__________|__________|_______|___|______|
    |GDS-235-11|284269.036|  5446282 |   295 |-60|  595 |
    |__________|__________|__________|_______|___|______|
    |GDS-239-11|284095.996|  5446385 |   105 |-60|  597 |
    |__________|__________|__________|_______|___|______|
    |GDS-241-11|284547.996|  5446434 |   205 |-45|  509 |
    |__________|__________|__________|_______|___|______|

SOURCE Maudore Minerals Ltd.


Source: PR Newswire



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