Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) today announced the filing on SEDAR of a revised technical report, dated February 17, 2005. The revised report supports the SW Breccia resource estimate for the Lobo Project in the Philippines, announced in the Company's press release dated January 4, 2005.

The original report, dated October 22, 2004, and filed on SEDAR on November 16, 2004, was prepared by Dr. David Bailey, P. Geol., geological consultant of Vancouver, BC. A review of this report by the British Columbia Securities Commission identified several deficiencies in the report's NI 43-101 compliance. The revised report addresses these deficiencies.


ABOUT MINDORO
Mindoro is a Tier One Company trading on the TSX Venture Exchange (TSXV: MIO) and the Frankfurt Stock Exchange (OLM). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines since 1996 and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.

For further information, contact:

Head Office
Penny Gould, Executive Vice President
Phone: 1-780-413-8187
Fax: 1-780-426-2716
Email: penny@mindoro.com
Website: http://www.mindoro.com

Investor Relations
Marshall Farris, Ascenta Capital Partners Inc.
Phone: 1-604-628-5800
Toll Free: 1-866-684-4209
Email: info@ascentacapital.com

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