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MIO Mindoro Resources Ltd (delisted)

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Delayed by 15 minutes
Share Name Share Symbol Market Type
Mindoro Resources Ltd (delisted) TSXV:MIO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Mindoro Resources Ltd.: Impact of Typhoon Haiyan

15/11/2013 11:30am

Marketwired Canada


Mindoro Resources Ltd. (TSX VENTURE:MIO)(ASX:MDO)(FRANKFURT:WKN 906167) today
provided the following statement. Like the rest of the world, Mindoro is shocked
at the devastation and human cost and suffering caused by Typhoon Haiyan, known
as "Typhoon Yolanda" in the Philippines, and expresses its deep sympathy to all
affected. 


Typhoon Haiyan passed directly over Pan de Azucar Island, northeast Panay
Island, where the Company is in joint venture with TVI Pacific Inc. Company
staff were unscathed, with some damage to camp facilities. However, damage to
the island was extensive with houses and food stocks destroyed and fishing
boats, a mainstay of the local economy, washed away.  


Mindoro immediately provided emergency funds and organised food supplies to the
island. The Company will be participating with TVI Pacific and working with
Local Government Units in relief efforts to assist the community to recover from
the devastation. 


The central track of the typhoon passed approximately 200 kilometers to the
north of the Mindoro / TVI Pacific Agata Project, located in the province of
Agusan del Norte, Mindanao. Minor damage was sustained at Agata, mainly to
roads. 


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.
TVI Pacific Inc. 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 20.8% 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. 


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, please email
ir@mindoro.com, or telephone one of the following:
Australia:
Clayton Northey:
+61 3 9028 8187


Canada:
Penny Gould:
+780.719.8895


Jeanny So, CHF Investor Relations:
+1 416 868 1079 ext. 225
www.mindoro.com

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