Mindoro Resources Ltd.
TSX VENTURE : MIO

Mindoro Resources Ltd.

November 24, 2006 12:53 ET

Mindoro Resources Ltd.: Warrants Exercised

EDMONTON, ALBERTA--(CCNMatthews - Nov. 24, 2006) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FWB:WKN 906167) has received a total of $226,506.60 from the exercise of 755,022 purchase warrants, at $0.30 per share, that were to expire on November 22, 2006. Warrants exercised includes 311,000 warrants exercised by Mindoro's President, Tony Climie, 146,800 warrants exercised by Mindoro's Executive Vice President, Penny Gould and 7,222 warrants exercised by Mindoro's Director, Marshall Farris.

Following the exercise of the warrants, Mindoro has 64,830,515 shares issued and outstanding and 79,912,464 shares fully diluted.

ABOUT MINDORO

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). The company is focused on the Philippines where it is drill-defining a gold resource on its Kay Tanda Prospect and has identified 22 porphyry copper-gold drill targets, as well as a promising nickel-iron laterite prospect.

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. - Head Office
    Penny Gould
    Executive Vice President
    (780) 413-8187
    Email: penny@mindoro.com
    Website: www.mindoro.com
    or
    Ascenta Capital Partners Inc. - Investor Relations-Canada
    Trent Dahl
    (604) 628-5800 or Toll Free: 1-866-684-4209 ext. 228
    Email: info@mindoro.com
    or
    Argentuminvest GmbH - Investor Relations-Europe
    Richard Mayr
    +49.9421.785250
    +49.9421.785255 (FAX)
    Email: info@argentuminvest.com