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February 16, 2009

MercadoLibre, Inc. to Report Fourth Quarter and Full Year 2008 Financial Results

BUENOS AIRES, Argentina, Feb. 16, 2009 (GLOBE NEWSWIRE) -- MercadoLibre, Inc. (Nasdaq:MELI) (http://www.mercadolibre.com) intends to release financial results for its fourth fiscal quarter ended December 31, 2008 and full year 2008 on February 24, 2009 after the close of the day's trading.

The Company will host a conference call and audio webcast on February 24, 2009 at 4:30 p.m. Eastern Time.

The conference call may be accessed by dialing 719-325-2159 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 2008.

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 contact:
         Pedro Arnt
         Media Relations contact:
         Lorena Diaz Quijano
           (54.11) 5352-8026

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