July 18, 2008

Dorato Announces Non-Brokered Private Placement and Royalty Option Agreement With Franco-Nevada Corporation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2008) - Dorato Resources Inc. ("Dorato" or the "Company") (TSX VENTURE:DRI)(FRANKFURT:DO5) is pleased to announce that it has entered into a letter agreement with Franco-Nevada Corporation (TSX:FNV) ("Franco-Nevada") wherein Franco-Nevada has agreed to purchase 1,500,000 units of a 1,900,000 common share non-brokered private placement (approximately 5% of the issues and outstanding shares of the Company) at a price of $1.70 per common share. The price of $1.70 represents a 15% premium over the 20 day average market price prior to the date of this news release. Under the terms of the agreement, Franco-Nevada will be offered the right to participate in all subsequent financings on a pro-rata basis for a period of two years.

Dorato has also agreed to grant Franco-Nevada the option to purchase a perpetual royalty on 100% of the gold and silver produced from its El Tambo and surrounding land package covering approximately 152 square kilometres along the southern extension of Aurelian Gold's Fruta del Norte structural trend as it enters Peru (the "Option"). Dorato has exploration rights to a total of 700 km2 Cordillera del Condor Project in northern Peru. The Option will be set forth in a Royalty Option Agreement to be entered into by the parties. The material terms of the Royalty Option Agreement will be as follows:

- The Option will expire the sooner of: (a) the expiration or termination of the concessions or other property comprising the El Tambo and surrounding land packages or (b) sixty days following a decision to construct a mine;

- The Option may be exercised within sixty days following a decision to construct a mine by Dorato and/or its successor in interest together with a firm commitment to finance construction;

- The royalty rate shall be either 1% or 2% of the Net Smelter Return, dependent on the gold price at the time of the exercise of the Option; and

- The Option may be exercised at a purchase price equal to the Royalty Net Present Value which, for the purposes of the Royalty Option Agreement, shall mean the after tax net present value of the royalty revenue from the production of gold and silver using the royalty rate and a 7 1/2% discount rate applied to the base case model assumptions contained in a feasibility study used to make the decision to construct the mine.

David Harquail, President and CEO of Franco-Nevada, states, "The Dorato land package which lies along the southern extension of the prolific Fruta del Norte trend within the mining friendly jurisdiction of Peru is an exceptional opportunity for Franco- Nevada to participate on the ground floor of a new emerging World Class Gold District. The private placement and royalty option agreement fits well with our objective of working with quality partners to create royalty interests in major gold belts offering security of tenure."

The transaction is subject to certain conditions including, but not limited to, receiving the approval of the TSX Venture Exchange.

On Behalf of the Board of Directors of DORATO RESOURCES INC.

Anton J. Drescher, President

Cautionary Statement

This press release contains statements that are "forward looking". Generally, the words "expect", "intend", "estimate", "will" and similar expressions identify forward-looking statements, By their very nature, forward-looking statements are subject to known and unknown risks and uncertainties that may cause our actual results, performance or achievements, or that of our industry, to differ materially from those expressed or implied in any of our forward looking statements. Statements in this press release regarding Dorato's business or proposed business, which are not historical facts, are "forward-looking" statements that involve risks and uncertainties, such as estimates and statements that describe Dorato's future plans, objectives or goals, including words to the effect that Dorato or management expects a stated condition or result to occur. Since forward looking statements address events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward- looking statements, which speak only as of the date they are made.

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