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EatYourShorts

11/18/06 3:14 PM

#581 RE: wmo767 #578

WMO, New update from CDCH which says basically the same thing! Keep the faith this IMO is going to be great! Have a great day!

SHAREHOLDER UPDATE

November 18 , 2006

Dear Shareholders,

Cerro Dorado's associate, Juan José Quijano Fernández, has returned to Santiago, Chile following a series of meetings in Peru.

Negotiations are continuing with several interested “Joint Venture” participants for the Alto de Lipangue project and surrounding properties.

We understand the concerns of shareholders as we proceed through this process and assure you, management is working diligently on behalf of all shareholders.

The Company’s mandate is to optimize the opportunity for the benefit of Cerro Dorado’s future.

The Board of Directors




Note: This News Release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Cerro Dorado, Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future could differ materially form those anticipated in such statements. Important fators that could cause actual results to differ materially from the Company's expectation are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

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