Morro Bay Review of Strategic Alternatives

Calgary, Alberta (FSCwire)Morro Bay Resources Ltd. (“Morro Bay” or the “Company”) (TSX-V: MRB; OTCPink: MRRBF) advises that its Board of Directors has initiated a review of strategic alternatives, which may include, among other things, a material re-financing of the Company, a sale of all or parts of its business, a merger or other business combination or other strategic transaction. The Board of Directors has formed a Special Committee, consisting of three current directors – Carl von Einsiedel, Garth Kirkham, and Keith Erickson.

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