Lago Dourado Announces Director Resignation

TORONTO, ONTARIO--(Marketwired - Aug. 14, 2014) - Lago Dourado Minerals Ltd. (TSX VENTURE:LDM) (the "Company" or "Lago Dourado") announces that it has accepted the resignation of Mr. Frederico Marques from the Board of Directors.

"The Company would like to sincerely thank Mr. Marques for his contributions since joining the Board in 2011, in particular his insight into the operating environment in Brazil. His departure occurs at a logical transition point for the Company given our recent exit from Brazil. We wish him all the best in his future endeavours," said Forbes Gemmell, President & CEO.

About the Company:

Lago Dourado Minerals Ltd. is a Canadian based exploration company focused on the acquisition and advancement of mineral exploration projects.

Forward-Looking Statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements") within the meaning of Canadian securities laws. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur, including the closing of the Transaction. Although Lago Dourado believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause Lago Dourado's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Lago Dourado does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

Neither 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.