| 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.
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