Morro Bay and Riverside Confirm New Mineralized Zones at the San Rafael Silver Gold Mine Area at the Penoles Project, Durango, Mexico

Calgary, Alberta (FSCwire) - Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB), is pleased to announce drill results from the San Rafael historic mine area (“San Rafael”) at the Peñoles Project (the “Project”) in Durango, Mexico.

This most recent round of drilling (5 holes) focused on a previously untested target located approximately in the vicinity of the old San Rafael mine workings (approximately 2 kilometers east of the known gold zone at El Capitan and the high-grade silver vein system at Jesus Maria.). The drilling intersected multiple stacked mineralized veins which exhibit good continuity along strike and depth. Drill result intervals included (DDH-14-01) 3.08 metres of 1.19 g/t gold and 79.2 g/t silver and 11.9 meters of 0.06 g/t gold and 48 g/t silver. DDH-14-05 returned 8.90 metres of 0.63 g/t gold and 101 g/t silver as well as 4.6 meters averaging 0.33 g/t gold and 44.9 g/t silver. This initial work phase was designed to assess the mineralization associated with the historic San Rafael mine and has successfully identified multiple stacked mineralized zones which warrant additional drill testing.

John Zang, CEO of Morro Bay, stated “We are excited by the mineralization encountered in the San Rafael area. Similar to what has been encountered at Jesus Maria, the San Rafael drilling indicates the presence of multiple mineralized zones. We believe the results at San Rafael are significant and add further to the potential value previously indicated by the El Capitan and Jesus Maria results.”

The Peñoles Project is host to multiple mineralized vein systems, fault zone structures, poly-metallic skarns, and silicified low-temperature gold-rich volcaniclastics. The mineralization commonly has high grades of gold and silver with varying amounts of lead and zinc. Approximately 86 diamond drill holes totaling more than 10,000 metres have now been completed at the Project. Initial partner funded drill programs focused on the El Capitan zone, which is up to 70 metres thick, 700 metres long, and extends at least 200 metres down dip with over 30 drill holes and remains open for further expansion potential. Exploration continued beyond El Capitan with 30 holes and approximately 3,115 metres of drilling completed at the Jesus Maria historic mine area in 2013. At least three mineralized zones have been identified at Jesus Maria including poly-metallic replacement bodies, gold-silver veins, and breccia bodies. The mineralized horizon in the Jesus Maria zone is at least 1400 metres long, up to 50 metres thick and extends at least 200 metres down dip. Further drilling could extend this zone significantly. In addition to El Capitan and Jesus Maria, this most recent drilling has now extended exploration to include the historic workings at San Rafael. See the table below for highlighted drill results hitting multiple sub-parallel Ag-Au veins:

Table 1.1 Summary of Mineralized Intervals in the 2014 San Rafael Drilling Program