Maudore announces the withdrawal of their primary mining contractor from the Vezza project

MONTREAL, Aug. 14, 2013 /CNW Telbec/ - Maudore Minerals Ltd. (MAO: TSX-Venture; MAOMF: US OTC; M6L: Frankfurt Exchange). During the previously announced mine down process of the Vezza project south of Matagami Quebec, the company's primary mining contractor has pulled their crews from the project earlier than planned. This was in response to a dispute over efforts to renegotiate contractual payment terms as their work draws to a close.

Prior to the planned Vezza mine down, work was slightly ahead of schedule, but will now be slightly delayed until replacement workers can be selected. This transition mining plan included the migration from contract miners at Vezza over to in-house mining crews to re-open the Sleeping Giant mine. The company had already commenced an internal hiring process for underground miners to be the core crews for the Sleeping Giant reopening.

While overall industry pressures are up, we remain confident and are committed to our short-term plan to ramp up the Sleeping Giant mine as the Vezza Project is ramped down to care and maintenance.

About Maudore Minerals Ltd.

Maudore is a Quebec based junior gold company with milling operations and more than 23 exploration projects, of which five are at an advanced stage toward development with reported current and historical resources. The Company's projects span some 120 kilometers, east-west, of the underexplored Northern Volcanic Zone of the Abitibi Greenstone Belt and cover a total area of 144,000 hectares (1,440 km2) with the Sleeping Giant Processing Facility within trucking distance of key development projects.

Cautionary Statement Regarding Forward-Looking Statements

This release and other documents filed by the Company contain forward-looking statements. All statements that are not clearly historical in nature or that necessarily depend on future events are forward-looking, and the words "intend", "anticipate", "believe", "expect", "estimate", "plan" and similar expressions are generally intended to identify forward-looking statements. These forward-looking statements include, without limitation, performance and achievements of the Company, business and financing plans, business trends and future operating revenues. These statements are inherently uncertain and actual achievements of the Company or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, financial related risks, unstable gold and metal prices, operational risks including those related to title, significant uncertainty related to inferred mineral resources, operational hazards, unexpected geological situations, unfavourable mining conditions, changing regulations and governmental policies, failure to obtain required permits and approvals from government authorities, failure to obtain any required approvals of the TSXV or from shareholders, failure to obtain any required financing, failure to complete any of the transactions described herein, increased competition from other companies many of which have greater financial resources, dependence on key personnel and environmental risks and the other risks described in the Company's continuous disclosure documents.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Maudore Minerals Ltd.