PMEA Blog

EDMONTON, Alberta; March 5, 2010 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) is pleased to announce results of a new mineral resource estimate for the Kay Tanda gold-silver resource, Archangel Project, Batangas, Philippines The new resource estimate, shown in the table below, demonstrates a 34 percent increase in grade, and a 22 percent increase in contained ounces relative to the previous estimate of February 6, 2008, as well as the conversion of most of the resource to measured and indicated categories.

The new resource estimate was carried out by gold miner Avocet Mining PLC, and audited and verified on behalf of Mindoro by Dallas Cox, BE (Min), an independent qualified person as defined by NI 43-101. The new estimate was the result of drilling an additional 14 new core holes (for 2,041 meters) at a new orientation, as well as creation of a more detailed mineralization and geological domain model than for the previous estimate.

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