Mindoro's Joint Venture Firm, Agata Mining Ventures, Inc. (AMVI) Passes DENR's Audit

MANILA, PHILIPPINES--(Marketwired - Feb. 6, 2017) - Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167) ("Mindoro" or the "Company") announces that Agata Mining Ventures, Incorporated ("AMVI"), a company in which Mindoro has a direct and beneficial 40% interest has passed the mining audit conducted by the Philippine Department of Environment and Natural Resources ("DENR") in an announcement made by the DENR on February 2, 2017. The audit conducted by DENR was part of the efforts of the new administration which called for the assessment of all mining companies on the basis of laws related to mine environmental management, safety and health, social development, mining tenement and compliance with the Clean Air, Clean Water, Hazardous Waste and Solid Waste Acts. As a result of the audit, several firms were ordered to close, while some are still under suspension. AMVI, together with 11 other mining companies were allowed to continue.

Mindoro continues to monitor the operations at AMVI operated by TVI Resource Development (Phils.) Inc. ("TVIRD"). It welcomes the news as a great way to start the new year.

About Mindoro

Mindoro is a Tier 2 issuer trading on the TSX Venture Exchange (MIO) and Frankfurt Stock Exchange (WKN 906167). Mindoro has a direct and beneficial 40% interest in the Agata Mining Joint Venture and direct and beneficial 75% interest in the Agata Processing Joint Venture with an option to acquire an additional 25% interest in the Agata Processing Joint Venture. Mindoro also holds 75% interest in the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo City. TVIRD has the option to earn up to 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. As of October 16, 2015, a PMRC compliant DFS was completed by Agata Processing Inc., which would result in TVIRD earning a total of 60% interest in API shares. Mindoro also holds 75% interest and an option to acquire additional 25% interest in the Tapian San Francisco Copper-Gold Project, Mindanao.