🕐15.12.10 - 21:00 Uhr

Mindoro CEO Broadcast



A Successful Explorer with License to Operate in the Philippines NEWS RELEASE December 15, 2010 TSXV: MIO ASX: MDO Frankfurt: OLM [1]www.mindoro.com MINDORO RESOURCES LIMITED CEO BROADCAST EDMONTON, Alberta; December 15, 2010 - Mindoro Resources Ltd.

(TSXV: MIO; ASX: MDO; Frankfurt: WKN 906167) provides the opportunity to listen to an audio broadcast with Jon Dugdale, President, CEO & Director in a presentation titled "Mindoro Listing on ASX and Exploration Results - Jon Dugdale, President and CEO". To listen, copy the following details into your web browser: [2]http://www.brr.com.au/event/72515 The presentation details are as follows: * Mindoro listing on ASX and Exploration results - Jon Dugdale, President and CEO * Presented by Jon Dugdale, President, CEO & Director * Wed, 15 Dec 2010 2:30pm AEST ___________________________________________________________________________ For further information about Mindoro, please contact: Australia: Jon Dugdale, President and CEO, Tel +61 3 9615 5055 or email [3] Canada: Penny Gould, VP Investor Relations, Tel +780 413 8187, Toll free 1 877 413 8187, or email [4] Germany: Robert Sarcher, Director, Tel +49 821 6089051, or email [5] Website: [6]www.mindoro.com ___________________________________________________________________________ ABOUT BOARDROOM RADIO Boardroom Radio offers many free services, such as: * Boardroom Radio Alerts * Easy access to archived presentations on demand * Podcast subscription with daily updates Visit Boardroom Radio for more information. ___________________________________________________________________________ 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 exploration in the Philippines with a strategy of advancing early stage opportunities to production or joint venture.

Mindoro controls major nickel laterite resources in the Surigao District, Mindanao, where potential for a value-added direct shipping ore (DSO) operation to generate early cash flow is being advanced as well as large scale potential for an onsite processing plant. Mindoro has NI 43-101 Mineral Resource estimates on its Agata nickel-cobalt project totaling Measured and Indicated 32.6 million dry metric tonnes (DMT) at 1.04% Nickel and 0.05% Cobalt and Inferred 1.68 million DMT at 1.04% Nickel, 0.04% Cobalt.

The Surigao regional Exploration Target is 50 million to 70 million DMT at 0.9% to 1.2% Nickel (See press releases dated January 11 and September 8, 2010).

Drilling of the Surigao nickel laterite Exploration Target is in progress. Mindoro also has NI 43-101 Mineral Resource estimates on both its Lobo and Archangel (Kay Tanda) gold-silver projects.

Mindoro has identified 22 porphyry copper-gold prospects and has three projects in the Batangas area of southern Luzon which are the subject of a farm-in arrangement whereby Gold Fields Ltd may earn 75 percent interest through direct project expenditure. Drilling on the American Tunnels project has confirmed potential for a near-surface, bulk-tonnage gold target and porphyry copper-gold targets.

Other objectives include progressing joint venture discussions on Mindoro�s porphyry copper-gold prospects at Surigao. ___________________________________________________________________________ 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. The Company�s DSO and large scale production objectives are intended to provide an indication of management�s current expectations and are still conceptual in nature.

It is uncertain that sufficient resources will be established and if established that these resources will be converted into economically viable mining reserves.

Until a feasibility study has been completed, there is no certainty that these objectives will be met.

Potential quantity and grade of the Exploration Target is also conceptual in nature; it is uncertain if further exploration will result in the Exploration Target being delineated as a mineral resource and there is no guarantee that resources, if delineated, will be economic or sufficient to support a commercial mining operation. Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Tony Climie, P.Geol.

Mr.

Climie is Mindoro�s COO and has sufficient experience which is relevant to the style of mineralization and type of deposits under consideration and to the activity which he is undertaking to qualify as a Qualified Person as defined by National Instrument 43-101 and a Competent Person as defined by the JORC code.

Mr. Climie consents to the inclusion in the release of the matters based on his information in the form and context in which it appears. NI 43-101 is a rule developed by the Canadian Securities Administrators that governs how Canadian issuers disclose scientific and technical information about mineral projects and which is broadly equivalent to the JORC Code in Australia.

All resource information is also expressed in terms of the JORC Code. This release may contain forward-looking statements including managements 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.

These risks include, but are not limited to, 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; uncertainty with respect to reserve estimates; results of exploration, estimates and projections relating to production and availability of capital).

Although considered reasonable at the time of preparation, assumptions used may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The Company does not undertake to update forward looking statements except where required by law. References 1.

http://www.mindoro.com/ 2.

http://www.brr.com.au/event/72515 3.

mailto: 4.

mailto: 5.

mailto: 6.

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