Mindoro Announces First Nickel Production from Pilot Plant

Mindoro Resources Ltd. (TSX VENTURE:MIO)(ASX:MDO)(FRANKFURT:WKN 906167)
("Mindoro", or "the Company") today advised that joint venture partner, TVI
Pacific Inc. (TSX:TVI)(OTCQX:TVIPF) ("TVI") and its Philippine operating
affiliate, TVI Resource Development (Phils.), Inc. ("TVIRD"), announced the
first nickel production from the joint venture's pilot plant at Intertek
Minerals Philippines in Manila, for the Agata North project, Agusan del Norte
Province, northern Mindanao.  


TVI Pacific Chairman, President, & CEO, Cliff M. James, said this is another
significant milestone that has allowed us to successfully validate both
production and cost efficiencies of our process, adding that the technical
program is on track to provide metallurgical data required to design the
proposed full-scale pilot plant. 


Highlights of the Pilot Plant Results



--  A Nickel Hydroxide Product (NHP) filter cake was produced from TVIRD's
    pilot plant on February 7th, 2014 with a 52% to 54% Ni grade. 
    
--  NHP impurities such as Fe, Ca and Mg are low, thereby resulting in a
    versatile refined intermediate nickel product that may be directly
    processed to nickel oxide or nickel metal with no further refining
    required. 
    
--  Prior to NHP production, 8,000L of Fe and Ni rich Pregnant Leach
    Solution ("PLS") was purified via TVIRD's continuous counter-current ion
    exchange ("IX") pilot plant, successfully validating the viability of
    this IX purification process as well as establishing all design
    parameters for full-scale plant design. 
    
--  IX Ni recovery from PLS to eluate was 99.3%.



To view the images associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/MIO_images.pdf. 


The successful pilot testing is an important step in producing the bankable
feasibility study, currently in progress. For further details, see TVI's March
17, 2014, press release, available on TVI's website (http://tvipacific.com/) and
SEDAR (www.sedar.com).


Mindoro and TVIRD Joint Ventures 

Mindoro has four joint venture agreements with TVI's Philippine affiliate,
TVIRD, whereby TVIRD may earn up to 60% interest in the Agata and Pan de Azucar
projects, located in the Philippines on the islands of Mindanao and Panay. TVIRD
will act as operator of the projects. The joint ventures present Mindoro with
multiple growth opportunities for near and medium-term cash flow generating
potential. Opportunities at Agata include: 




--  near-term high iron (Fe) laterite direct shipping ore (DSO) operation 
--  near-term limestone DSO operation 
--  medium-term lime production facility 
--  medium-term nickel processing plant project 



A National Instrument 43-101 Compliant Mineral Resource estimate released on
April 10, 2013 (available on www.sedar.com and www.mindoro.com) shows the Agata
DSO project to have reported Proven and Probable Reserves of 9.70 million wmt
grading of 48% Fe with 0.9% Ni. The joint venture is currently seeking the final
required permits to allow the DSO operation to commence. Prime Resources
Holdings, Inc., a Philippines corporation and wholly-owned subsidiary of Prime
Asset Ventures, Inc., holds a 68.42% direct equity interest in TVIRD. See
Mindoro's October 1, 2012, and June 24, 2013, press releases for further joint
venture details. 


On behalf of the Board of Directors, 

Tony Climie, CEO

About Mindoro 

Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO), Australian
Securities Exchange (MDO) and Frankfurt Stock Exchange (WKN 906167). Mindoro has
a 75% interest and an option to acquire the remaining 25% in the Agata Nickel
Project, Mindanao, and the Pan de Azucar Sulphur-Copper-Gold Project, Iloilo.
TVIRD has the option to earn up to a 60% interest in these projects by meeting
the earn-in requirements outlined in the June 24, 2013, release. Mindoro also
holds a 9% stake in ASX listed Red Mountain Mining (ASX:RMX), which has a 100%
direct and indirect interest in the Batangas gold and copper-gold projects. 


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. 


Tony Climie P.Geol., is the CEO of Mindoro Resources Ltd and has sufficient
experience which is relevant to the style of mineralization and type of deposit
under consideration and to the activity which he is undertaking to qualify as a
qualified person as defined by National Instrument 43-101. Tony Climie consents
to the inclusion in the report of the matters based on the information in the
form and context in which it appears.


This release may contain forward-looking statements including management's
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 from those anticipated. These risks include, but are not limited to,
the 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; the
uncertainty of reserve estimates; the uncertainty with respect to results of
exploration, the uncertainty of estimates and projections relating to production
and the uncertainty of the availability of capital). The assumptions used in the
preparation of such statements, although considered reasonable at the time of
preparation, 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 to do so by law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
For investor relations inquiries:
Mindoro Resources Ltd.
[e-mail]
www.mindoro.com


Australia
Clayton Northey
[phone]


Canada
Penny Gould
[phone]


Canada
Jeanny So, CHF Investor Relations
[phone] ext. 225