Re: Press Release - Tuesday, May 26, 2009
Title: 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.
ABOUT MINDORO
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: penny@mindoro.com
Tel: 780.413.8187 or Toll Free: 1.877.413.8187
www.mindoro.com
Renmark Financial Communications Inc.
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Jason Roy: jroy@renmarkfinancial.com
Tel: 514.939.3989
www.renmarkfinancial.com
INVESTOR RELATIONS - EUROPE
Robert Sarcher: robert@mindoro.com
Tel. 49 821 6089051
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 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.
Copyright � 2009 MINDORO RESOURCES LTD. (MIO) All rights reserved. For more information visit our website at
http://www.mindoro.com/ or send email to
info@mindoro.com ..
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Mindoro Resources Ltd
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EN DÉVELOPPEMENT |
CODE : MIO.V |
ISIN : CA6029131050 |
CUSIP : 602913105 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Mindoro Res. est une société d’exploration minière de nickel et de cuivre basée au Canada. Mindoro Res. est en développement de projets de nickel, de cuivre, de cobalt et de fer aux Philippines, et détient divers projets d'exploration aux Philippines. Son principal projet en développement est AGATA aux Philippines et ses principaux projets en exploration sont LOBO, ARCHANGEL, TAPIAN MAIN et TAPIAN SAN FRANCISCO aux Philippines. Mindoro Res. est cotée au Canada, aux Etats-Unis D'Amerique, en Australie et en Allemagne. Sa capitalisation boursière aujourd'hui est 1,5 millions CA$ (1,1 millions US$, 1,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 juin 2007 à 1,31 CA$, et son plus bas niveau récent le 05 juillet 2016 à 0,01 CA$. Mindoro Res. possède 297 437 399 actions en circulation. |