Mindoro Resources Ltd.
TSX VENTURE : MIO
FRANKFURT : OLM

Mindoro Resources Ltd.

August 08, 2006 09:15 ET

Mindoro Resources Ltd.: Warrants Exercised

EDMONTON, ALBERTA--(CCNMatthews - Aug. 8, 2006) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FWB:OLM) today reported that 333,378 common shares have been issued pursuant to the exercise of purchase warrants, at a price of $0.30 per share, for gross proceeds of $100,013. This includes 44,488 warrants exercised by Mindoro's President, Tony Climie. A total of 831,112 purchase warrants were originally issued on August 5, 2004, with any unexercised warrants due to expire on August 5, 2006. All purchase warrants from this August 2004 issue have now been fully exercised.

ABOUT MINDORO

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (OLM). The company has identified 22 porphyry copper-gold prospects and a nickel laterite prospect in the Philippines and has an aggressive strategy of drilling multiple targets in 2006.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Mindoro Resources Ltd.
    Penny Gould
    Executive Vice President
    (780) 413-8187
    (780) 426-2716 (FAX)
    penny@mindoro.com
    www.mindoro.com
    or
    Ascenta Capital Partners Inc.
    Marshall Farris
    Investor Relations
    (604) 628-5800 or Toll Free: 1-866-684-4209 ext. 22
    info@mindoro.com