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Jun 27, 2007
Shareholders Approve Rights Plan
EDMONTON, Alberta: June 27, 2007- Mindoro Resources Ltd.(TSXV: MIO; Frankfurt: WKN 906167) today announced that shareholders approved adoption of a Shareholder Rights Plan at the Company's annual and special meeting held on June 21, 2007. The Rights Plan is intended to ensure fair and equal treatment of all shareholders in the event of an unsolicited take-over bid for the common shares of the Company and also to allow both the shareholders and the Board of Directors adequate time to assess any such bid. The Company is not aware of any take-over bid for the Company that has been made or is contemplated. A summary of the Rights Plan is available in the Company's management information circular dated May 2, 2007, and a complete copy of the plan is available on SEDAR at www.sedar.com as a Material Document dated May 3, 2007.
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). The Company is carrying out three major drill programs: resource delineation and expansion drilling on the Kay Tanda epithermal gold-silver prospect where a NI 43-101 compliant resource estimate is in progress; reconnaissance drilling on the Calo porphyry copper-gold prospect; and advancing a significant nickel laterite prospect towards early production; in addition to holding another 22 identified porphyry copper-gold prospects in the Philippines.
FOR FURTHER INFORMATION, CONTACT:
Executive Vice President
Ascenta Capital Partners Inc.
Toll Free: 1.866.684.4209 ext. 228
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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