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EDEX News Eldorado Exploration Commences Drilling in Texas

IRVINE, Calif.--(BUSINESS WIRE)--Eldorado Exploration, Inc. (Pink Sheets:EDEX) announced today that the Hardeman County, Texas well has started drilling as of November 2, 2006. The well will test the Mississippian Chappel reef at 8700 feet. Potential reserves could exceed 400,000 barrels of oil. If this test is successful the company has located numerous other locations on this reef trend using the same PIP technology.

Eldorado has 5% working interest in the first well but will have a 20% interest in any additional wells drilled. Drilling time for the well should be 25-28 days.

Shareholders and interested parties of Eldorado will have the ability to receive news releases about the Company. If you would like to receive email announcements about EDEX sign up at: www.Directstocknews.com/EDEX. There is no fee for this service.

Eldorado Exploration, Inc. is an independent oil and gas company that utilizes a process called Passive Induced Polarization ‘PIP’ to detect electromagnetic signals given off of some geological anomalies. In most cases a positive response indicates a hydrocarbon accumulation and a negative reading almost is always a dry hole. When used with the standard geological tools and methods, the PIP process enhances the odds of success for discovering oil and gas. Stay up to date with Market NewsWire at www.mn1.com.

For further information about the company visit www.eldoradoexploration.com or email at eldoex@yahoo.com.

Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company’s stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that Eldorado Exploration is a non-reporting Pink Sheets company and is not required to be registered with the Securities and Exchange Commission.