11:48 AM EST - Mediterranean Resources Ltd. : announced that it has signed an MOU with Remzi Gur, the principal of an important Turkish industrial enterprise, the Ramsey Group (Gurmen), to incorporate this group as a strategic partner in the Company's main subsidiary in Turkey, Akdeniz Resources Madencilik. This subsidiary holds the Company's licenses on the north side of the Coruh River which include the Company's Tac and Corak deposits (also known as the Kizildag project), which have been the subject of past resource statements and a preliminary economic assessment in September 2011. Mediterranean Resources Ltd.
shares T.MNR are trading unchanged at $0.10.
