Mediterranean Resources Ltd's. Status on Delay in Reporting of Annual Financial Results and Annual Information Form

VANCOUVER, May 1, 2014 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR) (Frankfurt: MHM1) ("MNR" or the "Company") wishes to advise that because of delays in completing its audited financial statements for the year ended December 31, 2013, its management's discussion and analysis relating to the financial statements, the CEO and CFO certificates and the Annual Information Form, (collectively, the "Required Documents") have not been filed by March 31, 2014 as required under securities laws.

The Company is working on attaining required resources to complete and file its audited financial statements and annual information form as soon as possible.

There has been no change to any other material information concerning the affairs of the reporting issuer that has not been generally disclosed.

Additional Company information is also obtainable on the Company's web site: www.medresources.ca

Signed on behalf of the Board of Directors.

Forward-Looking Statements: This Mediterranean Resources Ltd. news release may contain certain "forward-looking" statements and information relating to Mediterranean which are based on the beliefs of Mediterranean management, as well as assumptions made by and information currently available to Mediterranean management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein.

SOURCE Mediterranean Resources Ltd.