MINGO BAY PROPERTIES, PLC, announces the commencement of the Samana, Dominican Republic peninsula road grid modernization linking it’s 41 acre development to the El Catay International Airport and the Santo Domingo – Samana Highway. London, September 22, 2010 9:00am (GMT) Mingo Bay Properties PLC (“Mingo Bay” ISIN: GB00B2NPLL36, WKN: A0NBLU) Today, the U.S.

offices of Mingo Bay Properties announced the commencement of the Samana peninsula road way being built by the Dominican Republic government at a cost of US $160 million.

The investment will modernize the peninsula road grid with a 123 kilometer boulevard which will link all of the tourist destinations with the Santo Domingo – Samana Highway and the nations capital. “This demonstrates the Dominican governments commitment to the area to make the Samana peninsula the premier tourist destination in the Caribbean”, states Paul Self, Chief Executive Officer.

“The new boulevard will connect the Santo Domingo - Samana Highway with the new El Catay International Airport and continue in front our 41 acre development.

The investment by the government is driving a real estate boom in the area”, he continued. Mingo Bay currently owns the 41 acres free and clear of debt with an appraisal of $45,000,000.

Architectural plans and regulatory approvals are completed and approved for an all suite hotel, villas, a marina and a casino.

Mr.

Self continued, “The Company has decided to establish a marketing office on the property fronting the new boulevard” Previously, Mingo Bay announced the completion of the first phase of the luxury development “Puerto Bahia Marina and Residences” which is located immediately adjacent to Mingo Bay’s 41 acres.

The development has sold 80% of it’s villas for between 600,000 to 5,600,000 euros, www.puertobahiasamana.com.

About Mingo Bay Mingo Bay Properties PLC, (“Mingo Bay”) is a United Kingdom registered public company with its shares listed on the Frankfurt Stock Exchange (ISIN: GB00B2NPLL36, WKN: A0NBLU).

The “Company” refers collectively to Mingo Bay, its subsidiaries, joint ventures, affiliates and partners.

We are an international Company specializing in an upscale, ocean-front, resort experience in intimate settings with resorts and developments in Mexico and the Caribbean.

Our focus is tropical beaches in exotic locations, with affordable transportation access.

Our concept is unique; ocean-front, boutique-style, vacation ownership interests.

Disclaimer: This press release contains forward-looking statements based on beliefs of Mingo Bay management.

When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements.

Such statements reflect the views of Mingo Bay Properties PLC as of the date made with respect to future events and are subject to risks and uncertainties.

Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy.

Mingo Bay Properties PLC disclaims any intention or obligation to update these forward-looking statements.

Registered Office in England & Wales: For Information Contact: Mingo Bay Properties PLC Email: 2nd Floor, Vintners Place, Web: www.MingoBay.com 68 Upper Thames Street, London EC4V 3BJ, United Kingdom UK Company No.

04996793
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