Marengo Mining Limited: 2008 Annual Audited Results

PERTH, WESTERN AUSTRALIA--(Marketwire - Aug. 13, 2008) - Marengo Mining Limited ("Marengo" or "the Company") (TSX: MRN.TO)(ASX: MGO.AX)(POMSoX: MGO) is pleased to announce that the annual audited financial report for the year ended 30 June 2008 is now available from www.marengomning.com.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares within the United States. The ordinary shares have not been offered and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws. Accordingly, the ordinary shares may not be offered or sold in the United States or to U.S. persons (as such terms are defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws or an exemption from such registration is granted.

About Marengo Mining Limited

Marengo Mining Limited (TSX: MRN.TO)(ASX: MGO.AX)(POMSoX: MGO) is an emerging, Australian-based international metals company which is focused on the development of its 100%-owned Yandera Copper-Molybdenum Project in Papua New Guinea.

A Definitive Feasibility Study ("DFS") is currently underway on the Yandera Project (previously reported JORC compliant Inferred mineral resource of 497 million tonnes at 0.48% copper equivalent and an Indicated mineral resource of 163 million tonnes at 0.49% copper equivalent). The DFS is due for completion by mid-2009.

The commencement of the DFS follows the completion of a Conceptual Mining Study during 2007, which confirmed the potential for a robust, long-life development of the Yandera Project, as a significant strategic source of copper and molybdenum for world markets.

Contacts

Les Emery
Marengo Mining Limited
Managing Director
+61 8 9429 0000
Email: marengo@marengomining.com

Nicholas Read
Read Corporate - Australia
+61 8 9388 1474
Email: info@readcorporate.com.au

Victoria Russell
Marengo Mining Limited - North America
Investor Relations
(416) 644-8680
Email: investor@marengomining.com
Website: www.marengomining.com / www.irasia.com/listco/au/ma