MIO Mindoro Resources Ltd (delisted)

Mindoro Resources Ltd. (TSX VENTURE:MIO)(ASX:MDO)(FRANKFURT: WKN 906167) is
pleased to announce that it has entered into agreements with certain individuals
to borrow an aggregate of up to $175,000. The loans bear interest of 15% per
annum, payable quarterly, and the aggregate principal amount of the loans will
be payable two years from the date of the advance. The loans may be prepaid, at
any time without premium or penalty, with the consent of both the Company and
the lenders. The Company intends to repay the principal amount of the loans and
the interest from funds that become available from operations or any subsequent
debt or equity financings. The proceeds of the loans will be used for general
working capital.


In accordance with the policies of the TSX Venture Exchange, lenders will
receive Bonus Shares comprised of 100,000 common shares per $25,000 principal
amount loaned. The Company issued 500,000 common shares on December 9, 2013,
upon receipt of $125,000 from arms-length lenders. The Company also received
$25,000 from a director of the Company, as described below, for aggregate funds
received of $150,000. The Company anticipates receiving an additional $25,000
within 21 days from another arms-length lender and issuing an additional 100,000
common shares.


One of the lenders, Rob Garden, is also a director of the Company. As required
by the listing rules of the Australian Securities Exchange, the Company intends
to seek shareholder approval to issue 100,000 Bonus Shares to Mr. Garden. A date
has not yet been set for a shareholders' meeting and the Bonus Shares will only
be issued to Mr. Garden upon receipt of shareholder approval. In the event the
Company does not receive shareholder approval, the Company will immediately
repay the funds borrowed from Mr. Garden.


The Company will issue a press release promptly disclosing the additional issues
of Bonus Shares when they occur. All Bonus Shares are subject to a four month
hold period from the date of issue.


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.


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 the expected
receipt and timing of the additional loan from another arms-length lender, the
expected source of the funds to repay the loans, 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: 
Mindoro Resources Ltd. - Australia:
Clayton Northey
+61 3 9028 8187
ir@mindoro.com


Mindoro Resources Ltd. - Canada:
Penny Gould
+780.719.8895
ir@mindoro.com
www.mindoro.com


CHF Investor Relations
Jeanny So
+1 416 868 1079 ext. 225

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