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Maudore announces that Underground Drilling has extended 785N Zone at Sleeping Giant Mine

March 3, 2014

MONTREAL, March 3, 2014 /CNW Telbec/ – Greg Struble, President and CEO
of Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange) reports that Maudore’s subsidiary, Aurbec Mines
Inc. (Aurbec) has extended the 785N Zone over 330 meters vertically and
470 meters along the dip of the ore from the 785 level to 1115 level of
the Sleeping Giant Mine. This zone is approximately 500 meters east of
the 1060 level shaft station.

The company is pleased with the ongoing drill program designed to
intersect primary and secondary gold-bearing zones with good grades in
both the extensions to the historic high grade producing veins as well
as newly discovered zones at depth. Highlights from select diamond
drill holes (DDH) targeting Zone 785N, 16 Vein and the newly discovered
785FW4-5 Zone in the deeper mine include:

Drilling from 975m level targeting the 785N Zone:

        --  157.90 g/t Au over 1.2 min DDH 97-454-13 from 168.6m with
            3.31 g/t Au over 3.3 m from 153.7m and
            3.80 g/t Au over 2.6 m from 157.3m
        --  13.13 g/t Au over 3.7 m in DDH 97-447-13 from 146.8m
        --  6.53 g/t Au over 3.8 m from DDH 97-457-13 from 208.0m

Drilling from 975m level targeting the 16 Vein:

        --  44.15 g/t Au over 2.1 m in DDH 97-451-13 from 104.95m

Drilling a new discovery called 785FW4-5 Zone:

        --  26.30 g/t Au over 1.35 m from DDH 78-879-14 from 25.3m
        --  18.69 g/t Au over 1.1 m from DDH 78-877-14 from 13.3m

Figure 1: Side view cross section of the Sleeping Giant Underground Mine
showing the general position of the 785N Zone & 16 Zone (gold) relative
to mine workings, stopes (grey) and resources (red).

Link to Figure 1: http://maudore.com/en/MediaHandler.ashx?MediaId=4b2f8789-ade1-47ab-82e2-1eeef03ef54c

The 785N Zone, located in the bottom right of Figure 1, is a plunging
trough-shaped zone that dips gently at about 35° between the 785 and
1115 levels of the mine. Room and pillar mining methods will be
considered where the 785N zone has a shallow dip. Midway along its
575m dip length, between the 855 and 975 levels the 785N zone steepens
on the north side which would allow the use of shrink-stope mining
methods. The 785N zone occurs at the footwall of dacite intrusive,
with gold mineralization occurring in a laminated zone that is located
at or near an andesite-dacite contact. This style of gold
mineralization is common in the mine.

Diamond drilling has progressed 30% faster than expected with Aurbec
completing 99 underground diamond drill holes for 14,796m since August
7, 2013. The objective of this drill program is to target high-grade
mineable ounces that can be added to the mine plan. The campaign will
continue with two underground drill rigs delineating the 785N zone, and
a third underground drill rig testing the 30 vein in the “shaft shadow
area” from the 725 level before testing other potential targets
throughout the underground mine as the year progresses.

Figure 2: 3D Close-up view that shows diamond drill hole traces and
intercepts (gold) in lower levels of the mine.

Link to figure 2: http://maudore.com/en/MediaHandler.ashx?MediaId=4b2f8789-ade1-47ab-82e2-1eeef03ef54c

Miners continue to mine remnant stopes where practical and prepare
development according to the revised mine plan that incorporates the
new drilling success at depth as well as the start of stope preparation
in the extension to the historic high grade 30 zone. Mining crews are
being kept to a minimum until sufficient new resources can be
identified and a structured ramp up to higher production can be
sequentially planned.

These interim mining efforts continue to partially offset underground
support costs required for underground diamond drilling. Maudore
(Aurbec) has not based its decision to conduct selective mining at
Sleeping Giant on a feasibility study or mineral reserves that
demonstrate economic or technical viability. Mining without
feasibility studies or mineral reserves increases the uncertainty of
success and the risk of failure if mining costs exceed revenue.

Qualified Persons and Quality Control and Quality Assurance Protocols

Kevin R. Kivi, P.Geo. of KIVI Geoscience Inc., who is Maudore’s Chief
Consulting Geologist, approves the technical content of this press
release.

Valère Larouche, Ing., is on-site manager, and Denis Desjardins, P.Geo.,
is responsible for design and conduct of the exploration program. Both
geologists are employees of Aurbec and are not independent of Maudore.
Forages M. Rouillier Inc. is the diamond drill contractor.

This press release reports un-cut core length assays, not true width
which can be calculated only once the angle between the diamond drill
hole and vein structure is established. Appendix 1 tabulates
significant assays (> 1.0 g/t Au) for unreleased diamond drill holes in
the 785N and 16-vein area, located in the lower part of the mine.

Diamond drill core samples are split, with half returned to the core box
and the other half bagged, tagged and submitted to Aurbec’s on-site
assay laboratory at the Sleeping Giant Mine. Aurbec’s laboratory is
neither independent nor accredited. Quality control and quality
assurance protocols include insertion of blanks, duplicates and
standards to monitor laboratory accuracy and precision. Aurbec also
submits pulps to AGAT Laboratories or ALS Global Geochemistry
Laboratories for independent and ISO accredited duplicate assays.
Batches that fail QA/QC protocol are rerun. Unaccredited assays are
used in weighted average calculations when an independent check assay
is not available.

AGAT Laboratories Ltd is certified to the ISO 9001 standard, and
accredited with ISO/IEC 17025:2005, for specific tests that conform to
CAN-P-1579.

ALS Global Geochemistry laboratories are registered with ISO 9001:2008
and accredited with ISO/IEC 17025 for specific laboratory procedures.

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.



Appendix 1: Diamond drill table of significant assays > 1.0 g/t Au from
Sleeping Giant underground drilling.


                                               Sample    Gold Assay
                                               number     Sleeping     Gold Assay
                                      Core    Sleeping    Giant Lab     AGAT Lab     Mineralized
     Hole Number     From       To    Width    Giant       (Uncut)       (Uncut)        Zone

                                                         grams/tonne   grams/tonne
                      (m)      (m)     (m)                  gold          gold               

       78-871-13    27.70    28.30    0.60    P006572         1.42                           

       78-872-13    51.30    52.10    0.80    P006603         6.85          6.85       785FW4-5

       78-873-13     0.80     1.70    0.90    P009682        19.60         22.50             

       78-874-13    18.80    19.80    1.00    P006684         2.33                           

       78-877-14    13.30    13.85    0.55    P007656        34.93         36.90       785FW4-5

       78-879-14    25.30    26.10    0.80    P007670        17.78         16.60       785FW4-5

       78-879-14    26.10    26.65    0.55    P007671        42.18         40.40       785FW4-5

    97-380-11-EXT   162.20   162.70   0.50    C-380898        1.37                           

    97-380-11-EXT   164.40   165.10   0.70    C-380651        3.64          3.84             

    97-380-11-EXT   165.10   165.90   0.80    C-380652        1.73          2.08             

    97-380-11-EXT   165.90   166.50   0.60    C-380653        6.90          6.57             

    97-380-11-EXT   166.50   167.20   0.70    C-380655        1.02          0.85             

    97-380-11-EXT   187.30   188.20   0.90    C-380663        1.17          1.82          785N

    97-380-11-EXT   188.20   188.80   0.60    C-380664       16.34         21.10          785N

    97-380-11-EXT   188.80   189.70   0.90    C-380665        8.84         10.20          785N

    97-380-11-EXT   189.70   190.60   0.90    C-380667        4.97          8.02          785N

    97-380-11-EXT   191.80   192.80   1.00    C-380670        3.01          4.06          785N

    97-384-11-EXT   181.50   182.00   0.50    C-380859        1.90          1.59          785N

    97-384-11-EXT   182.60   183.50   0.90    C-380861        9.29          8.75          785N

    97-384-11-EXT   183.50   184.20   0.70    C-380862        4.47          5.25          785N

    97-384-11-EXT   184.20   184.90   0.70    C-380863        2.27          1.84          785N

    97-384-11-EXT   213.30   214.30   1.00    C-380878        1.00                           

    97-384-11-EXT   221.50   222.50   1.00    C-380880        1.51                           

       97-438-13    41.40    42.10    0.70    C-385414        3.43                           

       97-438-13    57.00    57.60    0.60    C-385428        1.09                           

       97-441-13    142.80   143.80   1.00    C-380720        5.44                           

       97-441-13    144.80   145.50   0.70    C-380722        1.84                           

       97-441-13    166.00   166.80   0.80    C-380734        1.07                           

       97-442-13    110.70   111.50   0.80    C-380919        2.96          2.92          785N

       97-442-13    113.00   114.00   1.00    C-380922        3.02          3.25          785N

       97-442-13    114.00   115.00   1.00    C-380923        1.13          1.20          785N

       97-442-13    115.00   115.70   0.70    C-380924        3.20          3.93          785N

       97-442-13    150.20   150.70   0.50    C-380933        1.15                           

       97-447-13    110.30   111.10   0.80    P005559         1.81          1.52             

       97-447-13    111.10   112.10   1.00    P005560         3.05          3.13             

       97-447-13    124.20   125.10   0.90    C-385284       11.69         10.10             

       97-447-13    146.80   147.80   1.00    C-385300        5.16          8.20          785N

       97-447-13    147.80   148.80   1.00    C-385301        7.64          3.75          785N

       97-447-13    148.80   149.80   1.00    C-385302       47.01         35.90          785N

       97-447-13    150.50   151.20   0.70    C-385304        1.91                        785N

       97-447-13    154.80   155.80   1.00    C-385310        1.02                        785N

       97-448-13    31.00    31.60    0.60    P005961         3.45                           

       97-448-13    89.80    90.40    0.60    P005980         3.45          3.44           16

       97-448-13    105.65   106.20   0.55    P005988         2.46                           

       97-448-13    122.00   122.70   0.70    P005604         2.25                        785N

       97-449-13    165.90   166.40   0.50    P005053         5.06                           

       97-449-13    186.85   187.35   0.50    P005071         7.16                        785N

       97-449-13    189.15   190.05   0.90    P005076         2.98                        785N

       97-449-13    190.05   190.55   0.50    P005077         1.30                        785N

       97-449-13    194.75   195.25   0.50    P005086        30.78         28.80          785N

       97-451-13     2.40     3.30    0.90    P005115         1.08                           

       97-451-13    104.95   105.65   0.70    P005181        93.71         96.60           16

       97-451-13    105.65   106.35   0.70    P005183        31.32         29.60           16

       97-451-13    106.35   107.05   0.70    P005184         4.84          6.24           16

       97-452-13    30.80    31.40    0.60    P005705         1.66                           

       97-452-13    112.30   113.10   0.80    P005758         1.18                         16

       97-452-13    146.70   147.70   1.00    P005768         1.31                           

       97-452-13    157.20   158.10   0.90    P005775        21.61         22.70          785N

       97-452-13    162.30   163.10   0.80    P005782         4.38          2.88          785N

       97-452-13    164.60   165.60   1.00    P005785         1.15                        785N

      97-453A-13    25.90    26.70    0.80    P005389         5.20                           

      97-453A-13    83.50    84.50    1.00    P005435         1.46                         16

      97-453A-13    85.50    86.00    0.50    P005437         1.31                         16

      97-453A-13    86.00    86.70    0.70    P005438         2.56                         16

      97-453A-13    101.70   102.20   0.50    P005444         1.27                         16

      97-453A-13    158.30   158.80   0.50    P005491         5.57          6.19          785N

      97-453A-13    160.40   161.20   0.80    P005495         4.96          5.13          785N

      97-453A-13    161.20   162.00   0.80    P005497        10.21         10.50          785N

      97-453A-13    163.00   164.00   1.00    P005499         3.02          2.97          785N

      97-453A-13    175.50   176.20   0.70    P005500        22.61         21.90             

      97-453A-13    176.70   177.60   0.90    P005503         1.14          0.39             

      97-453A-13    177.60   178.20   0.60    P005504         2.16          2.59             

       97-454-13    98.60    99.10    0.50    P005288         2.36                         16

       97-454-13    153.70   154.40   0.70    P005334         3.83          2.85          785N

       97-454-13    154.90   155.40   0.50    P005337        15.60         14.40          785N

       97-454-13    156.00   157.00   1.00    P005567         1.09          1.02          785N

       97-454-13    157.50   158.50   1.00    P005340         4.43          4.07          785N

       97-454-13    158.50   159.50   1.00    P005342         4.29          3.70          785N

       97-454-13    159.50   160.10   0.60    P005343         3.97          3.50          785N

       97-454-13    163.90   164.50   0.60    P005348         1.62                        785N

       97-454-13    167.20   167.90   0.70    P005352         1.09          1.02          785N

       97-454-13    168.60   169.30   0.70    P005355        77.84         96.40          785N

       97-454-13    169.30   169.80   0.50    P005356       223.15        244.00          785N

       97-454-13    179.00   179.70   0.70    P005358        22.69         22.60             

       97-456-13     2.20     2.90    0.70    P006403         1.48                           

       97-456-13    114.90   115.60   0.70    P009620         2.79                           

       97-456-13    126.50   127.30   0.80    P009636         2.35                           

       97-457-13    136.80   137.50   0.70    P007529         1.70                         16

       97-457-13    137.50   138.20   0.70    P007530         3.98                         16

       97-457-13    190.30   191.00   0.70    P007538         2.65                           

       97-457-13    208.00   208.60   0.60    P007546         8.20          7.37          785N

       97-457-13    208.60   209.40   0.80    P007548         4.76          2.87          785N

       97-457-13    209.40   210.10   0.70    P007549        12.44         12.10          785N

       97-457-13    210.10   210.80   0.70    P007550        11.13         12.20          785N

       97-457-13    210.80   211.80   1.00    P007551         1.03          1.09          785N

      97-458A-13    145.90   146.60   0.70    P007585         2.14                           

      97-458A-13    150.50   151.20   0.70    P007592        25.02         25.30             

      97-458A-13    151.20   151.90   0.70    P007594        43.01         40.40             

      97-458A-13    161.30   162.30   1.00    P007597         1.20                           

      97-458A-13    178.40   179.20   0.80    P007604         1.87                        785N

      97-458A-13    186.40   187.00   0.60    P007608         1.26                           

       97-459-13    19.40    20.40    1.00    P006744         1.08                           

       97-459-13    113.50   114.40   0.90    P006766         8.96                      16 area

       97-459-13    114.40   115.10   0.70    P006768         7.23                      16 area

       97-459-13    132.30   133.00   0.70    P006778         3.01                           

       97-459-13    133.00   133.80   0.80    P006779         1.38                           

       97-459-13    136.80   137.80   1.00    P006783         1.35                           

       97-459-13    139.50   140.40   0.90    P006788         5.19                        785N

       97-459-13    140.40   141.30   0.90    P006789         5.33                        785N

       97-459-13    143.30   144.30   1.00    P006792         9.23                           

       97-459-13    144.30   145.30   1.00    P006793         2.67                           

       97-459-13    145.30   146.00   0.70    P006794         1.28                           

       97-460-13    111.10   112.10   1.00    P005683         2.31                      16 area

       97-460-13    119.70   120.40   0.70    P005692         3.28                           

       97-460-13    123.00   123.50   0.50    P005700         1.05                           

       97-460-13    124.50   125.00   0.50    P006951         3.07                           

       97-460-13    126.50   127.20   0.70    P006954         1.00                        785N

       97-460-13    127.80   128.30   0.50    P006956         4.44          4.91          785N

       97-460-13    128.30   129.00   0.70    P006958         4.58          2.32          785N

       97-461-13    16.30    16.90    0.60    P008454         1.22                           

       97-461-13    27.40    28.10    0.70    P008455         3.14                           

       97-461-13    32.00    32.80    0.80    P008457         1.91                           

       97-461-13    88.80    89.70    0.90    P008471         8.72          8.30           16

       97-461-13    107.70   108.40   0.70    P008495         3.56          3.89           16

       97-461-13    172.30   173.00   0.70    P007502         1.12                        785N

       97-462-13    45.30    45.80    0.50    P008020         1.10                           

       97-462-13    88.10    88.70    0.60    P008029         1.66                           

       97-462-13    120.80   121.30   0.50    P008057         1.32                      16 area

       97-462-13    209.20   209.80   0.60    P008105         1.13          0.59          785N

       97-462-13    211.10   211.90   0.80    P008108        14.02         19.30          785N

       97-463-13    31.90    32.60    0.70    P008146         3.64                           

       97-463-13    63.20    64.00    0.80    P008164         2.40                           

       97-463-13    123.50   124.20   0.70    P008185         5.64          6.02        16 area

       97-463-13    174.30   174.90   0.60    P008196        10.96         12.00             

       97-463-13    187.90   188.90   1.00    P008199         4.37          4.93          785N

       97-463-13    188.90   189.80   0.90    P008200         2.28          2.35          785N

       97-463-13    191.30   192.10   0.80    P008204         2.48          2.70          785N

       97-464-13    105.80   106.30   0.50    P008231         2.00                      16 area

       97-464-13    116.10   117.00   0.90    P008234         7.81          8.79        16 area

       97-464-13    117.70   118.30   0.60    P008237         5.84          5.30        16 area

       97-464-13    151.40   152.00   0.60    P008242         1.14                           

       97-464-13    160.10   160.70   0.60    P008243         1.81                           

       97-464-13    174.90   175.60   0.70    P008253         1.05          0.81          785N

       97-465-13    97.00    97.90    0.90    P008286         2.61          2.88        16 area

       97-465-13    111.10   111.60   0.50    P008287         1.56          1.62        16 area

       97-465-13    141.90   142.90   1.00    P008305         1.32                           

       97-465-13    149.90   150.50   0.60    P008306         2.67          2.28          785N

       97-465-13    150.50   151.50   1.00    P008307         2.12          2.06          785N

       97-465-13    151.50   152.30   0.80    P008308         5.07          4.95          785N

       97-465-13    152.30   153.00   0.70    P008309        14.29          5.74          785N

       97-465-13    153.70   154.70   1.00    P008312         2.74          2.92          785N

       97-465-13    157.90   158.50   0.60    P008318         1.06                        785N

       97-465-13    189.60   190.30   0.70    P008326         1.11                           

       97-466-13    90.90    91.50    0.60    P008353         7.14          5.80           16

       97-466-13    116.90   117.90   1.00    P008357         2.05                           

       97-466-13    122.90   123.40   0.50    P008366         1.23                           

       97-466-13    125.50   126.50   1.00    P008370         1.41          1.42             

       97-466-13    127.50   128.50   1.00    P008373         1.51          1.10          785N

       97-466-13    128.50   129.50   1.00    P008374         1.58          0.76          785N

       97-466-13    131.00   131.70   0.70    P008377        21.25         19.90          785N

       97-466-13    134.70   135.40   0.70    P008382         2.68          2.67          785N

       97-467-13    45.60    46.10    0.50    P008403         1.58                           

       97-467-13    91.80    92.40    0.60    P008412        19.43         18.70           16

       97-467-13    106.60   107.20   0.60    P008423         1.41                           

       97-467-13    108.70   109.30   0.60    P008426         2.38                           

       97-467-13    117.40   118.20   0.80    P008438         2.73          2.53          785N

       97-467-13    118.20   119.20   1.00    P008439         1.61          1.60          785N

       97-467-13    148.20   149.00   0.80    P009766         1.48                           

SOURCE Maudore Minerals Ltd.


Source: PR Newswire

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