Saturday, January 1st, 2011
EDMONTON, ALBERTA -- (MARKETWIRE) -- Mindoro Resources

Ltd. (TSX VENTURE: MIO) (ASX: MDO) (FRANKFURT:WKN 906167) today advised that Robert Sarcher through his consulting company Aprendo Capital GmbH has entered into a contract to provide investor relations services to the German market and has resigned as a director of the Company. The agreement, effective January 1st, 2011, will continue for a twelve month term during which time Mindoro will pay Aprendo Capital C$2,000 per month. The agreement may be terminated by either party with 30 days notice. Robert Sarcher currently owns 353,500 Mindoro common shares and has options to purchase common shares as follows:


Number of Shares    Option Exercise Price    Expiration date    


150,000             $0.60                    August 23, 2011    


150,000             $0.84                    June 7, 2012       


150,000             $0.29                    July 3, 2013       


200,000             $0.13                    August 4, 2014     


200,000             $0.208                   July 28, 2013      


Mindoro also announced it has retained Nathan Ryan of NWR Communications Pty Ltd for investor relations services in Australia.

The agreement, effective January 1, 2011, is for a term of 12 months and may be terminated by either party with 90 days notice. NWR Communications will receive a monthly retainer of A$1,300. Nathan Ryan and NWR Communications have no direct or indirect interest in the Company or its securities.

"I would like to personally thank Robert for his years of service as a director and commitment to continuing on in an investor relations role, which will further strengthen the European market base that he played a key role in establishing." stated Jon Dugdale, Mindoro's President and CEO. "We are also pleased to welcome Nathan Ryan to the Mindoro team to assist in establishing and growing our investor base in Australia following Mindoro's recent listing on the ASX."

On behalf of the board of directors,
Jon Dugdale, President and CEO.

Aprendo Capital GmbH, owned and managed by Robert Sarcher, is a provider of investor relations services to public resources companies based in Canada or Australia. Focused on companies with projects located in developing countries, the IR program is based on ethical standards and built for companies who support Aprendo Capital's vision in an extraordinary way. The strength of Aprendo Capital is its disciplined approach to the development and execution of customized investor relations services in the German speaking area of Europe. The depth of capital market knowledge at Aprendo Capital dates back to the 1980s.

Contact Profile


NWR Communications is a specialist investor relations and media company based in Melbourne, Australia. NWR focuses on investor communications for micro to mid cap resource and industrial companies, predominately listed on the Australian Securities Exchange (ASX). NWR develops and carries out communication strategies to create a positive profile of its clients.
Nathan Ryan, NWR Communications - Australia
P: +61 (0)420 582 887


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.

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.

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.


Mindoro Resources Ltd.
Penny Gould
VP Investor Relations
780.413.8189 or Toll Free: 1.877.413.8187
CHF Investor Relations

Investor Relations - Canada
Alison Tullis, Sr. Account Manager
1.416.868.1079 x233

Investor Relations - Europe
Robert Sarcher

Penny Gould, VP Investor Relations
P: 780.413.8189 or Toll Free: 1.877.413.8187


Mindoro Resources shareholdings



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