Communicators

are winners!

News

27.03.2008
Mindoro Resources Ltd.: Mindoro Management and Board changes


Mindoro Resources Ltd.: Mindoro Management and Board changes

EDMONTON, AB; March 26, 2008 – Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) is pleased to announce the following additions to its management team for its Philippine operating subsidiary, MRL Gold Phils. Inc.

Alan Buenavista has been appointed to the position of Exploration Manager. Alan is a well known and accomplished geologist with 25 years of mineral exploration experience in the Philippines. He is a graduate of Adamson University with a BSc degree in Geology, and started his career as a geologist in the Mines and Geo-Science Bureau where he worked form 1982-1986, mainly assigned to UNDP sponsored training programs. Alan then worked with Western Mining Corporation (WMC) of Australia from 1987 to 1997, rising to the position of Senior Project Geologist. While with WMC he played an important role in the discovery of the world class Tampakan copper-gold deposit in Southern Mindanao, and was involved with its drill evaluation. From 1998-2006, he was Exploration Manager for Indophil Resources Phils Inc. and was part of the team that further advanced Tampakan, taking it through the feasibility stage. Xstrata Copper subsequently acquired a 62.5 percent interest in Tampakan, which is the largest development project in their portfolio. Alan will be tasked with leading the exploration team evaluating and unlocking the value of Mindoro’s target-rich portfolio of copper-gold projects, as well as guiding delineation of its nickel laterite resources.

Dr. FS Mon Monteros has been appointed to the position of Vice President, Social and Environmental Management, reflecting Mindoro’s strong and demonstrated commitment to conducting its exploration and development programs in a socially and environmentally responsible manner. Dr. Monteros formerly held a senior position with the Department of Environment and Natural Resources (DENR) in the Philippines, involved with information, communication, education and community development programs in partnership with mining companies. In 2004 and 2005, he was part of a DENR-World Bank project developing multi-sectoral partnerships in mining communities. Dr. Monteros has held University teaching positions, and is an accredited consultant of the Partnership Brokers’ Accreditation Scheme (PBAS) under the aegis of the Overseas Development Institute (ODI) and the International Business Leaders’ Forum (IBLF) with residential and fellowship at various institutions, including Deakin University of Victoria, Australia and Cambridge University of the UK. He has written various papers and books on the subject of community monitoring and involvement in mining projects, and has played a leading role in this field in the Philippines.

Mindoro also advises that Marshall L. Farris has resigned as Director of Mindoro. The Board of Directors wishes to thank Mr. Farris for his valuable contributions to Mindoro over the past four years.

ABOUT MINDORO

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). In addition to advancing the Agata nickel laterite project towards production, Mindoro has announced an initial 43-101 compliant gold-silver mineral resource estimate on its Kay Tanda gold-silver project, and is proceeding to advance this project. The Company has also identified 22 porphyry copper-gold prospects in the Philippines and has an aggressive strategy of drilling multiple targets in 2008.

For further information, contact:

HEAD OFFICE
Penny Gould
Executive Vice President
Phone: 780.413.8187
E-mail: penny@mindoro.com
Website: www.mindoro.com

INVESTOR RELATIONS-CANADA
Trent Dahl
Ascenta Capital Partners Inc.
Phone: 604.628.5800
Toll Free: 1.866.684.4209 ext. 228
E-mail: info@mindoro.com

INVESTOR RELATIONS-EUROPE
Richard Mayr
Argentuminvest GmbH
Phone: +49.9421.785250
Fax: +49.9421.785255
E-mail:info@argentuminvest.com

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

This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.