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Jun 11, 2002
O. Reyes Appointed to Mindoro Board
The Board of Directors of Mindoro Resources Ltd. ("Mindoro") is very pleased to announce that Mr. Oscar S. Reyes of Manila, Republic of Philippines, has joined the Boards of Mindoro and its wholly-owned Philippines subsidiary, MRL Gold Phils.Inc.

Mr. Reyes is a distinguished and highly respected business man who received a Masters in Business Administration from Ateneo University, Manila, with additional qualifications from Harvard Business School, the University of Waterloo, Canada, as well as business institutions in Europe and Japan. He has held a variety of executive positions with the Shell Companies in the Philippines, including Chairman and Chief Executive Officer. He is presently Managing Director of Shell Exploration B.V., a Director of Philipinas Shell Petroleum Corporation and holds directorships in a number of major Philippine companies. Under Mr. Reyes' leadership, the major offshore Malampaya oil and gas project was recently brought into production.

The appointment of Mr. Reyes as a Director will be of considerable value to Mindoro as it seeks to advance its mineral projects in the Philippines. Mindoro recently announced the discovery of a polymetallic massive sulphide deposit on its Pan de Azucar Project. Mindoro has a large land position, with many gold and gold-copper prospects, in proximity to the Boyongan copper-gold discovery of Anglo American/Philex Gold in the Surigao Gold District, including the Agata Project, where two gold prospects are at the drill-resource delineation stage. Mindoro also has gold resources and a porphyry copper-gold prospect on its Lobo and Archangel Projects, Batangas, Luzon.

Mindoro trades on the TSX Venture Exchange under the symbol MIO. For further information, contact Penny Gould, Executive Vice President:

Phone: (1-780) 413-8187
Fax: (1-780) 426-2716
Email: mindoro@mindoro.com
Website: http://www.mindoro.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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