|NOVEMBER 23, 2011
ANNOUNCES EXECUTION OF MEMORANDA OF UNDERSTANDING
Marauder Resources East Coast Inc. (the "Company") (TSXV: MES) is pleased to announce that, further to its press release of October 21, 2011, the Company continues to explore business activities relating to two memoranda of understanding concerning three highly-prospective oil exploration blocks in the Somali state of Puntland (the "State"), totalling approximately 60,000 km2. The first memorandum of understanding (the "Offshore Memorandum") concerns two offshore oil exploration blocks, while the second memorandum of understanding (the "Onshore Memorandum") concerns an onshore block.
These press releases may contain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), commodity price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Marauder Resources East Coast Inc.
Robert V. Shields
720, 440 - 2nd Avenue, S.W.
Calgary, Alberta T2P 5E9