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Apr 12, 2007
Closing of Sale of Panoro's Surigao Joint Venture Interest to Mindoro
EDMONTON, Alberta and Vancouver, British Columbia; April 12, 2007 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) and Panoro Minerals Ltd. (TSX-V: PML; Frankfurt: PZM WKN 914959) having received TSX approval the Companies are announcing the closing of the transactions regarding the Sale of Panoro's 40% Interest in the Surigao Joint Venture to Mindoro.

For details of the terms of the Purchase and Sale Agreement refer to the March 14, 2007 news release, Purchase and Sale of Surigao Interest.

FOR FURTHER INFORMATION, CONTACT:

Mindoro Head Office
Penny Gould, Executive Vice President
Phone: 780.413.8187
Fax: 780.426.2716
Email: penny@mindoro.com
Website: www.mindoro.com

Panoro Head office
Helmut Wober, President
Phone: 604.684.4246
Fax: 604.684.4200
E-mail: info@panoro.com
Website: www.panoro.com

Mindoro 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

Mindoro 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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