Mindoro Announces Appointment of Luis Santos as Interim CEO and Changes to Its Board of Directors - Seite 2

Mr. James has been a director of Mindoro since 2012 and is a geologist and business executive with over 40 years of technical and financial experience in the natural resource sector throughout North America, Africa and Asia. Mr. James is currently the Chairman, President and CEO of TVI Pacific Inc. and Chairman of TVI Resource Development (Phils.) Inc. ("TVIRD"). Both companies have been active in the Philippines since 1993 and Mr. James was responsible for leading the team that brought on stream the first foreign-funded, modern, full-scale producing mine in the Philippines since the passage of the Mining Act in 1995. As Chairman of TVIRD, which is the operator and 60% owner of AMVI, Mr. James has been instrumental in advancing the Agata nickel laterite DSO operations into commercial production and overseeing its current operations.

"The Board is very pleased to welcome Luis Santos to the management team due to his extensive mining experience and familiarity with the current operations of AMVI," stated Mr. James. "We are also pleased to welcome Mr. de los Santos as a director and are confident that his mining and financial background will be valuable in improving operational efficiencies of the Agata nickel laterite DSO project."

The Company thanks Ms. Gould, Mr. Garden and Mr. Nagy for their services to the Company over the years and wishes them the best in their future endeavours.

On behalf of the Board of Directors,

Clifford M. James, Interim Chairman

ABOUT MINDORO

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and Frankfurt Stock Exchange (WKN 906167). Mindoro has a 15% interest in the Agata Mining Joint Venture and 75% interest in the Agata Processing Joint Venture with options to acquire an additional 25% interest in both the Agata Mining and Processing Joint Ventures. Mindoro also holds 75% interest in the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo. TVI Resource Development (Phils.), Inc. ("TVIRD") has the option to earn up to a 60% interest in the Agata Processing and Pan de Azucar projects by meeting the earn-in requirements outlined in the June 24, 2013, press release, which include producing a definitive feasibility study for a nickel processing facility. Mindoro also holds 75% interest and an option to acquire an additional 25% in the Tapian San Francisco Copper-Gold Project, Mindanao.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mindoro Resources Ltd.
Luis Santos
Interim CEO
+1.780.413.8187 (ext. 4)
[e-mail]

Mindoro Resources Ltd.
Clayton Northey
CFO
+1.780.413.8187 (ext. 2)
[e-mail]