Maestro Signs Lease Agreement on the Wallace Canyon Project, Central Nevada

VANCOUVER, BRITISH COLUMBIA ("Maestro" or the "Company") today announced that the Company has signed a lease agreement with JR Exploration LLC to acquire 100% of the Wallace Canyon project, located in Eureka County, Nevada.

"The Wallace Canyon project is another high-caliber project with outcropping, gold-mineralized Roberts Mountains Formation limestones - the same limestones that are found on the Carlin Trend," comments Hans Rasmussen, Director. "This is the second of our latest new acquisitions in a belt of rocks that includes good host rocks, intrusive activity for all the major mineralizing intervals in Nevada and outcropping gold mineralization. Maestro is focused on acquisition of high-quality prospects in the Great Basin whether they are options to joint venture or lease arrangements. We are currently focused on central and eastern Nevada, and western Utah."

The Wallace Canyon project consists of a total of 34 claims and is located on the western side of the Monitor Range, northeast of the multi-million ounce Northumberland project. Historical work included random localized soil sampling, rock chip sampling and 3,600 feet of drilling in nine reverse circulation drill holes in 1986. Jasperoid outcrops associated with altered Roberts Mountains Formation limestone was the original target, and this limestone continues to be an important mineralized host rock for high-grade gold mineralization on the Carlin Trend. Four high-quality targets have been identified based on previous drilling and geochemical sampling. Further sampling and mapping is planned over the summer, to optimize and define the best targets to drill in a preliminary drilling campaign.

Geologically the area consists of local gold-bearing jasperoid development along northwest and northeast trending structures within the Ordovician Antelope Valley and the Silurian Roberts Mountain Formation. In addition, up to 20 dikes have been identified that fill east-west high angle structures. These dikes contain anomalous gold and may be the conduits for the surface mineralization. Historical surface rock chip sampling has returned gold assays results from below detection to 0.058 ounce/ton, silver from below detection to 0.526 ounce/ton, arsenic from below detection greater than 1,000 parts per million (ppm), antimony from below detection to 275 ppm, mercury from below detection greater than 5 ppm and barite from below detection to 8.5%. This suite of elements is a strong indicator of a classic Carlin-style system.

The Lease Agreement

The Wallace Canyon lease has a 20 year term. At signing Maestro agreed to a one-time cash payment of $4,281 and shall reimburse claim maintenance and/or filing fees for the 2008 assessment year. Annual lease payments include $10,000 on the first anniversary of this agreement, $15,000 on the second anniversary, and there after payments shall increase by 10% annually. The Company has the right to purchase 100% interest in the property subject to a 3% Net Smelter Royalty (NSR), 2% of which can be purchased for US$2 million.

About Maestro Ventures

Maestro Ventures Ltd. is an exploration company focused on the discovery of high-value precious and base metal deposits in the eastern Great Basin. The Company currently controls mineral title to nine projects in the Great Basin. While the company is focused on expanding the gold resource at its Kings Canyon, Utah project, the new Board of Directors and exploration staff are focused on evaluating and adding high-quality projects to the portfolio. Project generation is focused on two major metal-rich trends that cross the eastern Great Basin.

On behalf of the Board of Directors,

Kris Kottmeier, CEO, Maestro Ventures Ltd.

The TSX Venture Exchange has not reviewed and is not responsible for the information contained in this release.

Contacts: Maestro Ventures Ltd. Benjamin H. Curry Head of Investor Relations 1-877-689-2881 Website: www.maestroventures.com