Mediterranean Resources Limited Appoints Jeffrey Nichols As Company Director.

VANCOUVER, Jan. 27 /CNW/ - Mediterranean Resources Ltd. (TSX: MNR; Frankfurt: MHM1) ("Mediterranean") is pleased to announce the appointment of Jeffrey Nichols as a Director, effective today.

Jeffrey Nichols is a recognized expert on the economics and finance of precious metals. He is currently the Managing Director of American Precious Metals Advisors (APMA), where he provides expert analysis on the economics of precious metal markets and offers strategic consulting and market research services to a wide range of corporate clients. Additionally he:

- Was a gold analyst, Vice President, and Director of Commodities Research at J. Aron and Goldman Sachs;

- Is a past President of the International Precious Metals Institute, a major industry trade association;

- Served as a Director of two public companies, Dickenson Mines (a forerunner of Goldcorp Inc.) and Sikaman Gold Resources (a TSX explorer);

- Is a former Member of the Metals Advisory Committee of the New York Mercantile Exchange and the Commodities Committee of the American Stock Exchange;

- Managed a mutual fund specializing in metals and mining equities for a major investment company;

- Consulted with the Van Eck fund management group and occasionally wrote their reports to shareholders;

- Was a special advisor to mining CEOs including Robert Friedland and Robert Calman (of Echo Bay Mines);

- Authored three investment books issued by major publishers: The Complete Book of Gold Investing (Dow Jones); How to Profit from the Coming Boom in Gold (McGraw-Hill); and Getting Started in Metals (Wiley).

He is a frequent keynote speaker at investment and industry conferences, corporate meetings, and private company events around the world.

Jeffrey Nichols will bring knowledge and experience in finance combined with both marketing and investor relations that will be of great benefit to Mediterranean.


The TSX does not accept responsibility for the adequacy or accuracy of this release.



For further information:

Peter J. Guest
President & CEO
604-669-3397
www.medresources.ca