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<br></p> <p style="FONT-SIZE:14pt; MARGIN:0px; LINE-HEIGHT:16pt" align=center><b>UNITED STATES</b></p>
<p style="FONT-SIZE:14pt; MARGIN:0px; LINE-HEIGHT:16pt" align=center><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
<p style="MARGIN-TOP:0px; FONT-SIZE:12pt; MARGIN-BOTTOM:32px; LINE-HEIGHT:14pt" align=center><b>Washington, D.C. &nbsp;20549</b></p>
<p style="MARGIN-TOP:0px; FONT-SIZE:14pt; MARGIN-BOTTOM:37px; LINE-HEIGHT:16pt" align=center><b>FORM 8-K</b></p>
<p style="MARGIN-TOP:0px; FONT-SIZE:12pt; MARGIN-BOTTOM:16px; LINE-HEIGHT:14pt" align=center><b>CURRENT REPORT
<br>Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</b></p> <p style="MARGIN-TOP:0px; FONT-SIZE:12pt; MARGIN-BOTTOM:40px; LINE-HEIGHT:14pt" align=center>Date of Report (Date of earliest event reported): &nbsp;
<b>May 21, 2010</b></p> <p style="FONT-SIZE:18pt; MARGIN:0px; LINE-HEIGHT:20pt" align=center><b>Mexoro Minerals Ltd.</b></p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:33px" align=center>(Exact name of registrant as specified in its charter)</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=192 />
<td width=168 /> <td width=222 /></tr> <tr> <td width=192 valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>Colorado</b></p></td> <td width=168 valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>000-23561</b></p></td> <td width=222 valign=top> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>84-1431797</b></p></td></tr> <tr> <td width=192 valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; LINE-HEIGHT:11pt" align=center>(State or other jurisdiction of incorporation)</p></td>
<td width=168 valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; LINE-HEIGHT:11pt" align=center>(Commission File Number)</p></td>
<td width=222 valign=top> <p style="FONT-SIZE:9pt; MARGIN:0px; LINE-HEIGHT:11pt" align=center>(IRS Employer Identification No.)</p></td></tr></table>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:24px" align=justify><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>Mountain View Center</b></p> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>12303 Airport Way, Suite&nbsp;200</b></p> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>Broomfield, CO 80021</b></p> <p style=MARGIN:0px align=center>(Address of principal executive offices) (Zip Code)</p>
<p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>(303)&nbsp;327 1587</b></p> <p style=MARGIN:0px align=center>Registrant&#146;s telephone number, including area code</p>
<p style=MARGIN:0px align=center><br></p> <p style="FONT-SIZE:12pt; MARGIN:0px; LINE-HEIGHT:14pt" align=center>
<b>Not applicable</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=center>(Former name or former address if changed since last report)</p>
<p style="PADDING-BOTTOM:4px; MARGIN:0px; BORDER-BOTTOM:#000000 2px solid" align=center><br></p> <p style="MARGIN-TOP:6px; MARGIN-BOTTOM:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </p>
<p style="MARGIN-TOP:6px; MARGIN-BOTTOM:0px">&nbsp;</p> <table style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=38 /> <td width=921 /></tr> <tr> <td width=38 valign=top> <p style="MARGIN:0px; FONT-FAMILY:Wingdings" align=justify>
<font face=Wingdings>o</font></p></td> <td width=921 valign=top> <p style=MARGIN:0px align=justify>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </p></td></tr></table>
<p style="FONT-SIZE:7.5pt; MARGIN:0px">&nbsp;</p> <table style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=38 /> <td width=921 /></tr> <tr> <td width=38 valign=top> <p style="MARGIN:0px; FONT-FAMILY:Wingdings" align=justify>
<font face=Wingdings>o</font></p></td> <td width=921 valign=top> <p style=MARGIN:0px align=justify>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) </p></td></tr></table>
<p style="FONT-SIZE:7.5pt; MARGIN:0px">&nbsp;</p> <table style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=38 /> <td width=921 /></tr> <tr> <td width=38 valign=top> <p style="MARGIN:0px; FONT-FAMILY:Wingdings" align=justify>
<font face=Wingdings>o</font></p></td> <td width=921 valign=top> <p style=MARGIN:0px align=justify>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </p></td></tr></table>
<p style="FONT-SIZE:7.5pt; MARGIN:0px">&nbsp;</p> <table style=FONT-SIZE:10pt cellspacing=0> <tr height=0 style=FONT-SIZE:0px>
<td width=38 /> <td width=921 /></tr> <tr> <td width=38 valign=top> <p style="MARGIN:0px; FONT-FAMILY:Wingdings" align=justify>
<font face=Wingdings>o</font></p></td> <td width=921 valign=top> <p style=MARGIN:0px align=justify>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p></td></tr></table>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify><br> <hr> </p> <p style=MARGIN:0px align=justify>
<br></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px; TEXT-INDENT:-72px" align=justify>
<b>Item&nbsp;5.02</b></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px" align=justify>
<b>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b>.</p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>On May 21, 2010, Mr. John Clair, a Director of Mexoro Minerals Ltd., a Colorado corporation (the &#147;Company&#148;), notified the Board of Directors of the Company of his resignation from the Board of Directors effective immediately. &nbsp;Mr. Clair did not resign as a Director as the result of any disagreement with the Company on any matter relating to the Company&#146;s operations, policies or practices.</p>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px" align=justify><b>Item&nbsp;5.07</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px; TEXT-INDENT:72px" align=justify>
<b>Submission to a Vote of Security Holders</b></p> <p style="MARGIN-TOP:0px; PADDING-LEFT:48px; MARGIN-BOTTOM:-16px">(a)</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; MARGIN-BOTTOM:13px; TEXT-INDENT:48px">On May 24, 2010, the Company held its Annual Meeting. &nbsp;The Company filed its definitive proxy statement for the proposals voted upon at the annual meeting with the Securities and Exchange Commission on April 9, 2010.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:48px; MARGIN-BOTTOM:-16px">(b)</p> <p style="PADDING-LEFT:48px; MARGIN:0px; TEXT-INDENT:48px">As of March 26, 2010, the record date for the annual meeting, 53,753,826 shares of the Company&#146;s common stock were issued and outstanding. &nbsp;A quorum of 30,244,826 shares of common stock were present or represented at the annual meeting. &nbsp;The following items of business were voted upon by stockholders at the annual meeting:</p>
<p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">1.</p> <p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to amend the Company&#146;s Articles of Incorporation to change the name of the Company to Pan American Goldfields Ltd was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>
<b><u>Against</u></b></p></td> <td width=112 valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>
<b><u>Abstain</u></b></p></td> <td width=136 valign=top> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center>
<b><u>Broker Non-Votes</u></b></p></td></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>30,078,359</p></td>
<td width=104 valign=top> <p style=MARGIN:0px align=center>117,583</p></td> <td width=112 valign=top>
<p style=MARGIN:0px align=center>48,884</p></td> <td width=136 valign=top> <p style=MARGIN:0px align=center>0</p></td></tr></table>
<p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">2.</p> <p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to amend the Company&#146;s Articles of Incorporation to adopt a classified board of directors was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style=MARGIN:0px align=center><b><u>Against</u></b></p></td>
<td width=112 valign=top> <p style=MARGIN:0px align=center><b><u>Abstain</u></b></p></td> <td width=136 valign=top>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Broker Non-Votes</u></b></p></td></tr>
<tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>27,364,362</p></td> <td width=104 valign=top>
<p style=MARGIN:0px align=center>84,631</p></td> <td width=112 valign=top> <p style=MARGIN:0px align=center>142,104</p></td>
<td width=136 valign=top> <p style=MARGIN:0px align=center>2,653,729</p></td></tr></table> <p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">3.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to amend the Company&#146;s Articles of Incorporation to eliminate shareholders&#146; power to call special meetings was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style=MARGIN:0px align=center><b><u>Against</u></b></p></td>
<td width=112 valign=top> <p style=MARGIN:0px align=center><b><u>Abstain</u></b></p></td> <td width=136 valign=top>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Broker Non-Votes</u></b></p></td></tr>
<tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>29,058,858</p></td> <td width=104 valign=top>
<p style=MARGIN:0px align=center>997,306</p></td> <td width=112 valign=top> <p style=MARGIN:0px align=center>188,662</p></td>
<td width=136 valign=top> <p style=MARGIN:0px align=center>0</p></td></tr></table> <p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">4.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to amend the Company&#146;s Articles of Incorporation to allow action by unanimous written consent of shareholders was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style=MARGIN:0px align=center><b><u>Against</u></b></p></td>
<td width=112 valign=top> <p style=MARGIN:0px align=center><b><u>Abstain</u></b></p></td> <td width=136 valign=top>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Broker Non-Votes</u></b></p></td></tr>
<tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>29,503,204</p></td> <td width=104 valign=top>
<p style=MARGIN:0px align=center>633,280</p></td> <td width=112 valign=top> <p style=MARGIN:0px align=center>108,342</p></td>
<td width=136 valign=top> <p style=MARGIN:0px align=center>0</p></td></tr></table> <p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">5.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to amend the Company&#146;s Articles of Incorporation to adopt supermajority voting requirements to amend certain provisions of the Articles of Incorporation was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style=MARGIN:0px align=center><b><u>Against</u></b></p></td>
<td width=112 valign=top> <p style=MARGIN:0px align=center><b><u>Abstain</u></b></p></td> <td width=136 valign=top>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Broker Non-Votes</u></b></p></td></tr>
<tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>29,221,544</p></td> <td width=104 valign=top>
<p style=MARGIN:0px align=center>818,049</p></td> <td width=112 valign=top> <p style=MARGIN:0px align=center>205,233</p></td>
<td width=136 valign=top> <p style=MARGIN:0px align=center>0</p></td></tr></table> <p style="MARGIN-TOP:13px; PADDING-LEFT:72px; MARGIN-BOTTOM:-16px">6.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:72px; MARGIN-BOTTOM:13px; TEXT-INDENT:24px">A proposal to approve the reincorporation of the Company from the State of Colorado to the State of Delaware was approved. &nbsp;The voting results were as follows:</p>
<table style=FONT-SIZE:10pt cellspacing=0 align=center> <tr height=0 style=FONT-SIZE:0px> <td width=136 />
<td width=104 /> <td width=112 /> <td width=136 /></tr> <tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>
<b><u>For</u></b></p></td> <td width=104 valign=top> <p style=MARGIN:0px align=center><b><u>Against</u></b></p></td>
<td width=112 valign=top> <p style=MARGIN:0px align=center><b><u>Abstain</u></b></p></td> <td width=136 valign=top>
<p style="MARGIN-TOP:0px; MARGIN-BOTTOM:6px" align=center><b><u>Broker Non-Votes</u></b></p></td></tr>
<tr> <td width=136 valign=top> <p style=MARGIN:0px align=center>30,059,157</p></td> <td width=104 valign=top>
<p style=MARGIN:0px align=center>130,248</p></td> <td width=112 valign=top> <p style=MARGIN:0px align=center>55,248</p></td>
<td width=136 valign=top> <p style=MARGIN:0px align=center>0</p></td></tr></table> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:13px" align=justify>
<br></p> <p style=MARGIN:0px><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:9px" align=center><br><br>
<br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p> <p style="PAGE-BREAK-BEFORE:always; MARGIN:0px" align=justify>
<hr> <br></p> <p style=MARGIN:0px align=justify><br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:8px" align=center>
<br></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:20px; FONT-FAMILY:Times New Roman Bold" align=center>
<b>SIGNATURES</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:20px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</p>
<p style="MARGIN-TOP:0px; PADDING-LEFT:336px; MARGIN-BOTTOM:40px; FONT-FAMILY:Times New Roman Bold" align=justify>
<b>MEXORO MINERALS LTD.</b></p> <p style="MARGIN-TOP:0px; MARGIN-BOTTOM:-16px" align=justify>Dated: &nbsp;May 27, 2010 </p>
<p style="MARGIN:0px; TEXT-INDENT:336px" align=justify>By: &nbsp;<u>/s/ George Young</u></p> <p style="PADDING-LEFT:360px; MARGIN:0px" align=justify>Name: George Young</p>
<p style="PADDING-LEFT:396px; MARGIN:0px; TEXT-INDENT:-36px">Title: &nbsp;President</p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px>
<br></p> <p style=MARGIN:0px><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify>
<br><br></p> <p style=MARGIN:0px align=justify><br></p> <p style=MARGIN:0px align=justify><br></p></div></body>
<!-- EDGAR Validation Code: 9A7356A6 -->
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Converted by EDGARwiz
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
May 21, 2010
Mexoro Minerals Ltd.
(Exact name of registrant as specified in its charter)
Colorado
000-23561
84-1431797
(State or other jurisdiction of incorporation)
(Commission File Number)
(IRS Employer Identification No.)
Mountain View Center
12303 Airport Way, Suite 200
Broomfield, CO 80021
(Address of principal executive offices) (Zip Code)
(303) 327 1587
Registrant's telephone number, including area code
Not applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
.
On May 21, 2010, Mr. John Clair, a Director of Mexoro Minerals Ltd., a Colorado corporation (the "Company"), notified the Board of Directors of the Company of his resignation from the Board of Directors effective immediately.  Mr. Clair did not resign as a Director as the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Item 5.07
Submission to a Vote of Security Holders
(a)
On May 24, 2010, the Company held its Annual Meeting.  The Company filed its definitive proxy statement for the proposals voted upon at the annual meeting with the Securities and Exchange Commission on April 9, 2010.
(b)
As of March 26, 2010, the record date for the annual meeting, 53,753,826 shares of the Company's common stock were issued and outstanding.  A quorum of 30,244,826 shares of common stock were present or represented at the annual meeting.  The following items of business were voted upon by stockholders at the annual meeting:
1.
A proposal to amend the Company's Articles of Incorporation to change the name of the Company to Pan American Goldfields Ltd was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
30,078,359
117,583
48,884
0
2.
A proposal to amend the Company's Articles of Incorporation to adopt a classified board of directors was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
27,364,362
84,631
142,104
2,653,729
3.
A proposal to amend the Company's Articles of Incorporation to eliminate shareholders' power to call special meetings was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
29,058,858
997,306
188,662
0
4.
A proposal to amend the Company's Articles of Incorporation to allow action by unanimous written consent of shareholders was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
29,503,204
633,280
108,342
0
5.
A proposal to amend the Company's Articles of Incorporation to adopt supermajority voting requirements to amend certain provisions of the Articles of Incorporation was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
29,221,544
818,049
205,233
0
6.
A proposal to approve the reincorporation of the Company from the State of Colorado to the State of Delaware was approved.  The voting results were as follows:
For
Against
Abstain
Broker Non-Votes
30,059,157
130,248
55,248
0
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MEXORO MINERALS LTD.
Dated:  May 27, 2010
By:
/s/ George Young
Name: George Young
Title:  President