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Sep 24, 2004
Options Granted
EDMONTON, AB; Sep. 24, 2004 - Mindoro Resources Ltd. (TSX-V: MIO; Frankfurt: OLM) today announced that options have been granted to two directors and two advisory board members, to purchase 350,000 common shares at an exercise price of $0.23 per share for a five year term. Options have also been granted to Ascenta Capital Partners Inc. to purchase 100,000 common shares at an exercise price of $0.23 per share for two years and vesting in accordance with TSX Venture Exchange guidelines. All grants are subject to regulatory approval.

ABOUT MINDORO
Mindoro is a Tier One Company listed on the TSX Venture Exchange (TSX-V: MIO) and trading on the Frankfurt Stock Exchange (OLM). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines for seven years and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.


For further information, contact:

Head Office
Penny Gould, Executive Vice President
Phone: (1-780) 413-8187
Fax: (1-780) 426-2716
Email: penny@mindoro.com
Website: http://www.mindoro.com

Investor Relations
Marshall Farris, Ascenta Capital Partners Inc.
Phone: (1-604) 628-5800
Toll Free: 1-866-684-4209
Email: info@ascentacapital.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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