Mindoro Sells 30 Million RMX Shares

Mindoro Resources Ltd. (TSX VENTURE:MIO)(FRANKFURT:WKN 906167)(ASX:MDO)
("Mindoro", or "the Company") today advised that it has sold 30 million shares
of Red Mountain Mining Ltd. ("Red Mountain") through the facilities of the
Australian Stock Exchange in a single trade at a price of A$0.016 (A$0.016
converted into Canadian dollars using an exchange rate of $1.00 = A$1.0022,
being the closing exchange rate reported by the Bank of Canada on March 6,
2014). 


Further to Mindoro's February 18, 2014, press release and pursuant to Mindoro
reacquiring its contractual rights to several tenements in the Philippines,
including Tapian San Francisco, Mindoro has returned four million Red Mountain
shares to Red Mountain for cancellation. Subsequent to these two transactions,
Mindoro now holds 66 million shares, or a 9.6% interest in the capital of Red
Mountain.


Mindoro holds its Red Mountain shares for investment purposes and may dispose of
or acquire further shares of Red Mountain as investment conditions warrant.


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 9.6% 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, please email
[e-mail], or telephone one of the following:
Australia:
Clayton Northey
[phone]


Canada:
Penny Gould
+780.719.8895
www.mindoro.com


CHF Investor Relations:
Jeanny So
[phone] ext. 225