EDMONTON, Alberta; May 8, 2006 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) today reported that Mindoro has applied to the Alberta Securities Commission for an extension to the Company's deadline for filing its 2005 Financial Statements.

Pursuant to changes in the accounting policies of the Corporation's subsidiary in the Philippines, and restating of the subsidiary's past financial statements, there was a considerable delay in completing the Philippine audit.

Mindoro expects the Canadian audit of the Company's consolidated 2005 Financial Statements will be completed and the statements filed before May 31, 2006. Pursuant to regulatory requirements, the directors and officers of the Company will refrain from trading in the securities of the Company until the 2005 Financial Statements are filed.


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.

FOR FURTHER INFORMATION, CONTACT:

HEAD OFFICE
Penny Gould, Executive Vice President
Phone: 780.413.8187
Fax: 780.426.2716
E-mail: penny@mindoro.com
Website: www.mindoro.com

INVESTOR RELATIONS
Marshall Farris, Ascenta Capital Partners Inc.
Phone: 604.628.5800
Toll Free: 1.866.684.4209 ext. 22
E-mail: info@mindoro.com



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