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February 18, 2009

MercadoLibre, Inc. to Participate in Two Investor Conferences

BUENOS AIRES, Argentina, Feb. 18, 2009 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) today announced that the Company is scheduled to present at the Goldman Sachs Technology and Internet Conference in San Francisco on February 27, 2009 at 10:20 a.m. Pacific Time, as well as at the Morgan Stanley Technology Conference on March 2, 2009 at 2:10 p.m. Pacific Time, also in San Francisco.

A live webcast of the presentations can be accessed via the Company's website at http://investor.mercadolibre.com under the Events & Presentations section. The presentation slides, when available, may also be accessed via the Company's website.

About MercadoLibre

MercadoLibre is the largest online commerce platform in Latin America. We are market leaders in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela, based on unique visitors and page views during the fourth quarter of 2008. Additionally, we have recently launched online trading platforms in Costa Rica, the Dominican Republic and Panama. With a population of over 550 million people and a region with one of the world's fastest-growing Internet penetration rates, we provide buyers and sellers a robust online trading environment that fosters the development of a large and growing e-commerce community. We offer a technological and commercial solution that addresses the distinctive cultural and geographic challenges of operating an online trading platform in Latin America.

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

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

CONTACT: MercadoLibre, Inc.
         Investor Relations:
         Pedro Arnt
         Media Relations:
         Lorena Diaz Quijano
           (54.11) 5352-8026

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