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Nov 24, 2006 Warrants Exercised EDMONTON, Alberta; November 24, 2006 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: 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. 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. | |
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