Mindoro is known further update on the planned transaction TVI

Mindoro is known further update on the planned transaction TVI

MELBOURNE, AUSTRALIA, 11. September 2012 – Mindoro Resources Ltd. (TSXV: MY; ASX: MDO; FFT: OLM) („Mindoro“, "The Company") Yesterday's announcement of the extraordinary shareholders' meeting, on 9. October 2012 at 16 Uhr in Calgary (Alberta) will take place, and the accompanying letter of information management and the power of attorney published. The notice was filed on SEDAR and on 6. September 2012 ASX notified. Among the most important decisions include the approval of shareholders for the second tranche of private placement, die TVI Pacific Inc. ("TVI") involved (Mindoro see Press Release 6. July 2012 for information on pricing and conditions).

In addition, have Mindoro, TVI und TVI Resource Development Phils., Inc. („TVIRD“) agreed, To change the main points of the agreement (Mindoro see Press Release 6. July 2012), to reflect the following:

(i) The further extension of the deadline for completion of the first tranche of the private placement to 21. September 2012. It is a prerequisite for the completion of the first tranche of the private placement, that the joint venture agreements for Agata and Pan De Azucar, which in the main points of the agreement (as amended) considered to be, be finalized and completed. In the negotiation and finalization of the joint venture agreements are made good progress.

(ii) A change of the exclusive right of TVIRD, to form a joint venture with respect to the project, Pan De Azucar, to the right, a joint venture for direct shipping ore (Direct Shipping Ore; „DSO“) ("PDADJV") and the erworgene the main points of the agreement treatment joint venture with Pan De Azucar ("PDAPJV") form, to take into account, which the exercise of the option, which will be extended in the main points of the agreement TVIRD, by TVIRD reflects effective.

(iii) Under the terms, which in the main points of the agreement (as amended) are described in more detail, TVIRD would be for applying 100% undertake the necessary expenses, the operation of a DSO project at Pan de Azucar with the intention, to generate early cash flow for the PDADJV, to allow. After receiving the DSO operation would TVIRD participation of 60% PDADJV on purchase; this is subject to the following points: Expenditure of at least 2 C $ million within 12 Months after the conclusion of a final option- and joint venture agreement for the PDADJV by TVIRD and receiving the DSO operation activities within 3 Years after completion of a definitive option- and joint venture agreement for the PDADJV.

(iv) Regarding the PDAPJV (Preparation) would TVIRD a stake of 51% PDAPJV on purchase, after expenses of 2 Millions of U.S. dollars made at Pan De Azucar project has, of which 1 C $ million within 12 Months and the full amount of 2 Millions of U.S. dollars within 24 Months after completion of the final option- and joint venture agreement for the PDAPJV must be spent. TVIRD will have the option, through the issuance of additional 3 Millions of U.S. dollars in the project over a period of maximum 24 Months following the end of the first period of 24 Months, is made to the above-referenced, participation of other 9% to acquire at PDAPJV, which in the case of the exercise of the option to increase the participation of TVIRD on PDAPJV 60% would lead.

At the 8. February 2012 announced Mindoro, that an earned based on drilling exploration target for the pyritic massive sulphide deposit Valderama at Pan de Azucar Project (Provinz Iloilo, Philippines), where the company has a participation of 75% holds, 8 to 12,7 Million tons (Dry Weight) with 35% to 40% Sulfur (70% to 90% Pyrite), 0,4% to 0,6% Copper and 0,5 g / t to 0,7 g / t gold including.

Readers are specifically noted, that the massive sulphide mineralization Valderama, present the project Pan de Azucar, das einer Mineral Production Sharing Agreement („MPSA“) subject, currently only represents an exploration target. To convert the exploration target NI 43-101-compliant resource, be further detailed drilling needed. It can not be guaranteed, that these resources, if deferred, be economic or sufficient to, to support a commercial mining operation. Been made until a feasibility study is, it is uncertain, whether the forecasts of the company can be realized from an economic perspective.

Für das Board of Directors:

Jon Dugdale,
President und CEO

More information is available by calling the Office of Mindoro in Melbourne: +61 3 9614 5055.

Information for investors, please e-mail or ir@mindoro.com. telephone via the following contacts:

Australia: Jon Dugdale, Such: +61 3 9614 5055

Canada: Jeanny So, CHF Investor Relations, Such: +1 416 868 1079 DW 225
Jeremy Hill, CHF Investor Relations, Such: +1 416 868 1079 DW 238

Germany: Robert Sarcher, Opening Capital, Such: +49 821 6089051

Website: www.mindoro.com

Über Mindoro Resources

Mindoro is a TSX Venture Exchange (MY), der Australian Securities Exchange (MDO) and the Frankfurt Stock Exchange (WKN 906167) notierendes Tier-1 companies. Mindoro is focused primarily on exploration and development of nickel-, Gold- and copper-gold projects in the Philippines. Here the company has one 75 %-Participation in the Agata Nickel Project, which is currently located in Vormachbarkeitsstadium (November 2011). This project has a NI 43-101 compliant mineral resource, in the total 42,76 Million tonnes of measured and indicated resource with a nickel content of 1,01 %, accordingly 430.000 Tonnes of nickel, as well as 2,435 Million tonnes at a nickel content of 0,99 % divide (September 2011) . In addition the Company to NI 43-101-compliant mineral resource at its 100 % Company's projects in the province of Batangas (these comprise 393.000 Ounces of Indicated Resources – Archangel: 9.879.000 Tonnes 1,1 g / t Au; Wolf: 270.000 Tonnes 6,49 g / t Au – as well as 108.000 Ounces of gold in inferred resources – Archangel: 3.741.000 Tonnes 0,8 g / t Au; Wolf: 61.000 Tonnes 5,35 g / t Au), (2005) and Archangel (2010), a copper-gold-sulfur exploration target in the Pan de Azucar project in Iloilo (75 %-Participation) or. 10 significant porphyry copper-gold projects in various stages of development.

The TSX Venture Exchange nor its Regulation Services Provider (described in the policies of the TSX Venture Exchange Regulation Services Provider) assume no responsibility for the adequacy or accuracy of this release.

The objectives of the company in terms of exploration and production should convey an impression of the current expectations of management and are still conceptual in nature. It is uncertain, whether sufficient resources can be proved or. whether those resources prove to actually be economically viable mining reserves can be converted. Until the completion of a feasibility study in sight, whether these goals will be met. The exploration programs of Mindoro are under the supervision of Tony Climie, P.Geo. prepared and / or planned and carried out. Mr. Climie is a Qualified Person under National Instrument 43-101 and tested in accordance with the JORC Code as disclosed in this news release related technical information and exploration confirmed. All resource estimates of the company were in accordance with Canadian guidelines (Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators/„NI 43-101“) and according to the classification system of the Canadian Institute of Mining, Metallurgy and Petroleum created. NI 43-101 is developed by the Canadian securities regulatory provision, which the publication of scientific and technical information about mineral projects regulates. All resource information is also consistent with the provisions of the JORC Code. The information contained in this report, that relates to Exploration Results or Mineral Resources, based on data, compiled by Jon Dugdale. Jon Dugdale is a member of the Australasian Institute of Mining and Metallurgy, Jon Dugdale has sufficient experience, as shown here for the type of mineralization or. Deposit, and also for the conduct of activities it is essential. He therefore has the appropriate qualifications, made him the expert in accordance with the relevant Australian guidelines for reporting („Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves“, Output 2004) enable. Jon Dugdale agrees, that based on the relevant information of the data are received in a mold and the corresponding connection means in the report.

This press release may contain forward-looking statements; also the management's assessments of future plans and operations, and expectations regarding the future production. These statements are based on current expectations and involve a number of risks and uncertainties, which could cause, the actual results or events to differ materially from those, which are currently expected. These risks and uncertainties – without restriction – and risks associated with the mining and exploration (e.g.. operational risks in the development, Exploration and production; Delays or changes in plans with respect to exploration or development projects or. Investment costs; Uncertainties in reserve estimates; Uncertainties relating to exploration results; Uncertainty of estimates and projections relating to production and the uncertainty regarding the availability of capital). Assumptions, on preparation of such statements, could potentially prove to be inaccurate, even if they are held at the time of the creation of reasonable. Forward-looking statements may not be considered reliable. The company is not obligated, to update any forward-looking statements, unless, This is required by applicable laws.

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