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November 5, 2008

MercadoLibre, Inc. to Report Third Quarter 2008 Financial Results

BUENOS AIRES, Argentina, Nov 5, 2008 (GlobeNewswire 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, 2008 on November 11, 2008 after the close of the day's trading.

The Company will host a conference call and audio webcast on November 11, 2008 at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing 719-325-4748 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.com is the leading internet trading platform in Latin America where millions of users meet to buy and sell a wide range of goods and services in an easy, entertaining, secure and efficient way. MercadoLibre has operations in 12 countries including Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Mexico, Panama, Peru, Uruguay and Venezuela. MercadoLibre.com is the leading e-commerce platform in Latin America based on unique visitors and page views during 2007.

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

For more information about MercadoLibre.com, visit: http://www.mercadolibre.com.

MELI_F

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: MercadoLibre, Inc.

MercadoLibre, 
Inc.
         Investor Relations contact:
         Pedro Arnt
           pedro@mercadolibre.com
         Investor Relations website: http://investor.mercadolibre.com
         Media Relations contact:
         Lorena Diaz Quijano
           lorena.diazquijano@mercadolibre.com
         (54.11) 5352-8026

(C) Copyright 2008 GlobeNewswire, Inc. All rights reserved.

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