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November 7, 2007

MercadoLibre, Inc. to Report Third Quarter 2007 Financial Results

BUENOS AIRES, Argentina, Nov 7, 2007 (PrimeNewswire via COMTEX News Network) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its third fiscal quarter ended September 30, 2007 on November 13, 2007 after the close of the day's trading. The Company will host a conference call and audio webcast on November 13, 2007 at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing (913) 312-1491 and requesting inclusion in the call for MercadoLibre. The live conference call can be accessed via audio webcast at the investor relations section of the Company's website, at http://investor.mercadolibre.com/. An archive of the webcast will be available for one week following the conclusion of the conference call.

About MercadoLibre

MercadoLibre is the largest online trading and payments platform in Latin America and market leader in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views during 2006. Additionally, MercadoLibre has recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a market of over 550 million people and a region with one of the world's fastest-growing Internet penetration rates, MercadoLibre provides buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. MercadoLibre offers a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America.

The MercadoLibre, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=4193

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This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: MercadoLibre, Inc.

MercadoLibre, Inc.
          Investor Relations:
          Pedro Arnt
            (54.11) 5352-8000
          Media Relations:
          Lorena Diaz Quijano
            (54.11) 5352-8026
            lorena.diazquijano@mercadolibre.com

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