MINE ASSAY RESULTS The Board of ElDore Mining Corporation...

MINE ASSAY RESULTS

The Board of ElDore Mining Corporation Limited (ASX:EDM, �the Company�) has received assay results from crushed ore samples taken from the defined ore zone being mined prior to operations being placed on care and maintenance as part of the due diligence and verification for the proposed
acquisition of the Baita Copper mine located in Stei ,Transylvania, West Romania.

The mine ceased operations in February 2010 on level 18 at a depth of 360 metres. The Company intends to restart Mining operations at this level with the potential to extend beyond level 18 as the mineralisation continues at depth and is open horizontally to the east, west, north and south. Recent drilling of two holes, 90 metres below level 18 intersected ongoing additional mineralisation.

The assay results from samples of crushed mine ore submitted to ALS Chemex in January 2009 and September 2009 are from the defined ore zone being mined at the Baita Copper mine with the material results shown in the table below:

AVERAGE COPPER GRADE 2.6739% OF 18 SAMPLES
TAKEN 28 SEPTEMBER 2009
Sample Number Analysis Result
1 29,700 ppm 10 10,000 ppm
2 41,600 ppm 11 2,550 ppm
3 25,800 ppm 12 50,000 ppm
4 8,490 ppm 13 12,000 ppm
5 50,000 ppm 14 6,260 ppm
6 20,600 ppm 15 18,000 ppm
7 50,000 ppm 16 14,100 ppm
8 50,000 ppm 17 50,000 ppm
9 4,200 ppm 18 38,000 ppm

The Company confirms that within the January 2009 assay results provided by ALS Chemex , 10 samples as tabled below recorded highlighted grades verifying the extent of the contained metals within the crushed ore samples:

Copper
Sample Weight (KG) Analysis
5 2.54 3.48%
20 2.90 2.52%
21 3.42 6.47%
24 3.48 2.16%
44 3.08 2.85%
47 4.04 3.16%
53 3.52 5.55%
54 3.00 4.00%
56 2.78 2.45%
65 3.36 5.05%

(There are also results for Silver, Zinc and Lead in the announcement)

The significance of these results supports the Company�s view of the grade values across numerous contained metals within the ore body and it is anticipated that production and delivery of concentrate will reflect the true values once recommissioning and refurbishment has been completed. The mine currently on care and maintenance is anticipated to be restarted within 90 days of settlement.

Corporate
The Company anticipates finalising the Notice of Meeting shortly and convening a meeting of shareholders as soon as practical to approve the transaction and seek regulatory approval for the completion of the acquisition of the Baita Copper mine.

Yours faithfully
A R HAMILTON
Chairman