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Sep 19, 2008
Mindoro Retains Richmond Club
EDMONTON, Alberta: September 19, 008 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) is pleased to announce that it has retained the services of Richmond Club Corp. of Toronto, Ontario, to provide enhanced media and marketing services for the Company. Subject to TSX Venture Exchange approval, the term of the contract is for 18 months; Richmond Club will receive a monthly fee of $1,450 and will be granted 150,000 stock options exercisable at $0.26 per share with one quarter of the options vesting in each three month period following the date of issue.
The services provided by Richmond Club include distribution of press releases, electronic and national newspaper exposure, and investor presentations and are designed to compliment the comprehensive day-to-day investor relations services provided by Renmark Financial Communications Inc., who remain Mindoro's key external contact for corporate information.
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on building shareholder value through diverse resource exploration in the Philippines and by advancing early stage opportunities to production or joint venture. In keeping with this multi-commodity strategy, Mindoro has announced initial NI 43-101 compliant resource estimates on its Agata North nickel-iron-cobalt project, where resource expansion drilling is on-going with six rigs, and on its Kay Tanda gold-silver project. Mindoro has also identified 22 porphyry copper-gold prospects and is involved in further advanced joint venture discussions. Mindoro is well-financed, with an experienced team of exploration and mining professionals, and has plans for multiple drill programs in the latter half of 2008.
For further information, contact:
INVESTOR RELATIONS - CANADA
Mindoro Resources Ltd.
Penny Gould, President: firstname.lastname@example.org
Toll Free: 1.877.413.8187
Renmark Financial Communications Inc.
Barbara Komorowski: email@example.com
Jason Roy: firstname.lastname@example.org
Tel.: (514) 939-3989
Fax: (514) 939-3717
INVESTOR RELATIONS - EUROPE
Richard Mayr: email@example.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This release may contain forward-looking statements including management's assessments of future plans and operations, and expectations of future production. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the risks associated with the mining and exploration industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production). The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
You can view the Next Press Releases item: Tue Sep 23, 2008, Mindoro And Avocet Announce Joint Venture On Archangel Project
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