MZO

Mazorro Resources Inc. ("Mazorro" or the "Company") (TSX
VENTURE:MZO)(FRANKFURT:JAM) announces that it has entered into an amended asset
purchase agreement (the "Agreement") for the acquisition of an interest in a
total of 81 claims covering approximately 4,300 hectares in the Monster Lake
area, in northwestern Quebec. 


The terms of the original acquisition agreement (see press release of November
27, 2013) have been amended such that the Company will initially acquire a 50%
interest in the claims versus a 100% interest. The vendor, Synergy Acquisition
Corp. ("Synergy") will retain a 50% interest in the claims and will act as
operator to conduct exploration programs. Synergy has committed to completing
approximately $100,000 of exploration work programs comprising a helicopter
borne geophysical survey expected to be completed during January.


Under the terms of the Agreement, the Company will acquire an initial 50%
interest in 81 claims by paying Synergy, an arm's-length party to Mazorro, a
total of $80,000 in cash and issuing a total of 4,000,000 common shares and
1,000,000 warrants of the Company (the "Purchase Price"). Initial consideration
payable includes $25,000 cash, 1,500,000 common shares and 1,000,000 warrants
(paid during December 2013). Each warrant is exercisable at a price of $0.10 per
share and will expire December 12, 2015. The balance of the Purchase Price is
payable as follows: $25,000 cash and 1,500,000 common shares upon the receipt of
a National Instrument 43-101 compliant technical report on the property; $10,000
cash payable on the date that Synergy completes work assessment filings with
respect to the claims with further cash payments of $10,000 payable both six and
twelve months thereafter; with a final payment of 1,000,000 common shares
payable twelve months following the execution of the original agreement.


Additionally, Mazorro will have an option, exercisable for a period of two
years, to acquire the 50% interest retained by Synergy for a cash payment of
$100,000. Should this option be exercised, Synergy would retain a 2% net smelter
royalty ("NSR") with the Company having the right to purchase one-half (1.0%) of
the NSR at any time by paying Synergy $250,000. If the option is not exercised,
the parties will enter into a joint venture agreement with a standard dilution
clause and will co-fund their proportionate share of project costs.


The securities to be issued by the Company pursuant to the agreement will be
subject to a four month hold period from their date of issuance. The Agreement
and the transactions contemplated therein are subject to TSX Venture Exchange
acceptance.


About the property

The Monster Lake area is located in northwestern Quebec, approximately 44
kilometres southwest of the town of Chibougamau. The property is easily
accessible by road and a high-voltage power line crosses the area nearby. The
claims acquired comprise two blocks: one block comprising 40 claims is located
immediately to the west and contiguous to TomaGold Corp.'s Monster Lake property
and the second block comprising 41 claims is located to the southeast of
TomaGold's property and adjoins various other land holdings in the area.


Since 1984, over 40,000 metres of diamond drilling has been completed by various
operators along the over four-kilometre mineralized corridor at the Monster Lake
area. In the winter of 2012, TomaGold drilled 16 holes for a total of 2,420
metres on the Annie zone, which resulted in a major discovery of 237.6 grams per
tonne of gold over 5.7 metres in hole M-12-60. In 2013, TomaGold drilled 12
holes totalling 5,000 metres on zone 325. All the holes intersected the
gold-bearing structure, and seven of the 12 holes returned values of over 10
grams per tonne of gold (see TomaGold's website at www.tomagoldcorp.com).
TomaGold recently announced a significant option agreement with Iamgold Corp.
valued at over $17.5 million whereby Iamgold can earn a 50% interest in
TomaGold's Monster Lake and other properties (see TomaGold press release dated
November 12, 2013).


About Mazorro 

Mazorro Resources Inc. is a TSX Venture Exchange listed, Canadian based,
precious metals exploration company that is active in creating value through
exploration and development of gold projects in Quebec. Mazorro currently has
54,014,773 common shares outstanding.


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 release. 


Some statements in this release may contain forward-looking information. All
statements, other than of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future (including, without limitation, statements regarding potential
mineralization) are forward-looking statements. Forward-looking statements are
generally identifiable by use of the words "may", "will", "should", "continue",
"expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or
the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of risks and
uncertainties, many of which are beyond the Company's ability to control or
predict, that may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements. Factors that could cause
actual results or events to differ materially from current expectations include,
among other things, without limitation, failure to establish estimated mineral
resources, the possibility that future exploration results will not be
consistent with the Company's expectations, changes in world gold markets or
markets for other commodities, and other risks disclosed in the Company's public
disclosure record on file with the relevant securities regulatory authorities.
Any forward-looking statement speaks only as of the date on which it is made and
except as may be required by applicable securities laws, the Company disclaims
any intent or obligation to update any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mazorro Resources Inc.
André Audet
Interim President & CEO
(613) 241-2332

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