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May 26, 2009
Mindoro 2008 Annual Report Available
EDMONTON, Alberta; May 26, 2009 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) today announced that the company's electronic 2008 Annual Report is now available for viewing or downloading at the following link: Mindoro 2008 Annual Report. The report may also be accessed on the company's website at www.mindoro.com, under the "Investors", and "Financials" menu options.
It is evident reading through the Annual Report that Mindoro has built an impressive asset base. The depth and quality of the company's gold, copper-gold and nickel projects is outstanding; a fact further supported by the recent announcement of joint venture arrangements with a member of the Gold Fields Group of Companies on three of Mindoro's copper-gold projects, and with Avocent Mining PLC on Mindoro's Kay Tanda gold project.
In keeping with the company's cost reduction strategies, Mindoro has elected to forego printing hard copies of the report this year; therefore, the report is only available in electronic format, either through the company's website, or by contacting the company to request a copy of the report on CD.
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (WKN 906167). Mindoro is focused on gold, copper-gold and nickel exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture. Mindoro has NI 43-101 resource estimates on its Agata North nickel-cobalt project and on both its Lobo (SWB) and Archangel (Kay Tanda) gold-silver projects. Mindoro has identified 22 porphyry copper-gold prospects and has a Memorandum of Understanding with Avocet Mining and a Memorandum of Agreement with Gold Fields covering its Batangas projects.
Mindoro is well positioned to capitalize on the global demand for gold in 2009 with plans underway to drill the Kay Tanda and Lobo gold and copper-gold projects, funded by Avocet and Gold Fields, and drill the American Tunnels gold/copper-gold project. Additional 2009 objectives include finalizing one to two additional joint venture arrangements on Mindoro's porphyry copper-gold prospects at Pan de Azucar and Surigao and identifying a suitable partner to fund development of the significant Agata North nickel-cobalt resource.
For further information, contact:
INVESTOR RELATIONS - CANADA
Mindoro Resources Ltd.
Penny Gould, President: firstname.lastname@example.org
Tel: 780.413.8187 or Toll Free: 1.877.413.8187
Renmark Financial Communications Inc.
Barbara Komorowski: email@example.com
Jason Roy: firstname.lastname@example.org
INVESTOR RELATIONS - EUROPE
Robert Sarcher: email@example.com
Tel. 49 821 6089051
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 and the uncertainty of the availability of capital). 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 Jun 2, 2009, Mindoro Reports 1.94 Grams per Tonne Gold Over an Aggregate 26 Meters From Underground Sampling at Extension of American Tunnels
You can view the Previous Press Releases item: Tue May 5, 2009, Mindoro And Gold Fields Sign Memorandum Of Agreement
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