DISCOVERY DRIVEN A leader in the resource exploration boom of the - - PowerPoint PPT Presentation

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DISCOVERY DRIVEN

A leader in the resource exploration boom of the Philippines

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FORWARD - LOOKING STATEMENTS

This presentation may contain forward-looking statements including management's assessments

• f

future plans and

• perations, expectations of future production, cash flow and
• earnings. 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 of estimates and projections relating to production).

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to maximize shareholder value through diverse resource exposure in the Philippines and by advancing early stage opportunities through to production or joint venture. to achieve financial success for all stakeholders:

• ur shareholders, our joint venture partners, and

the people of the Philippines, through the collaborative principles of responsible, sustainable development.

Our vision… Our mission…

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PHILIPPINES: LAND OF OPPORTUNITY FOR JUNIORS

1,500 km North America South America

Japan Korea India China

* highly mineralized volcanic arcs * copper, gold, nickel * market proximity to China, India, Japan & Korea * exploration boom underway in under-explored country

Russia

N

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Recent Major Philippines Investment

Xstrata (London) – Exercised option for 62.5% from Indophil in $2 Billion Tampakan gold- copper mine – Funding $30 Million pre-feasibility study Climax/Oceana (New Zealand) – $100 Million for construction of mine facilities in Didipio copper-gold project Sumitomo (Japan) – $210 Million to expand nickel refinery plant in Palawan Sumitomo & Taganito – Feasibility study on nickel refinery in Mindanao Anglo American – $20 Million pre-feasibility study to earn 40% interest in Bayugo JV (Surigao) – additional $20 Million to earn further 20% Atlas Mining – $100 Million to rehabilitate copper mines in Cebu International Finance Group (private financial arm of World Bank) – Plans to increase investment in mining projects: Philippines, Indonesia, Vietnam.

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On the ground experience since 1996

– Early presence & little competition allowed accumulation of large land package

Well established Philippine subsidiary (MRL

Gold Phils., Inc.) – 40 permanent employees & up to 600 rotating field workers

Strong local connections

– Mindoro Director: Oscar Reyes – Philippine partners: Minimax Mineral Exploration & Egerton Gold

Exploring in politically stable regions

Mindoro Advantage in the Philippines

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Project Development Strategy

Grassroots Exploration Evaluate economic potential Abandon Low potential Evaluate risk/cost High potential Exploration / Pre-development Evaluate risk / cost Low risk/cost Acquire JV partner Mindoro carried to production High risk/cost High risk/cost Advance to production Low risk/cost

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Project Highlights:

Agata nickel: Mindoro to advance

– Near term opportunity: direct shipping ore production in 2008

• revenue to fund exploration & development programs

– Long term value: establish local processing plant

Kay Tanda gold: acquire JV partner

– 43-101 compliant gold resources with expansion potential

• Inferred: 11,599,000 @0.70 g/t gold = 262,000 contained ounces
• Indicated: 3,365,000 @0.88 g/t gold = 95,000 contained ounces

– In joint venture discussions with experienced gold mining company

Porphyry copper-gold targets: combination Mindoro and JV

– Significant upside potential: 20 undrilled porphyry copper gold targets – Discussions underway to joint venture 2-3 targets in 2008 – Drilling additional targets in 2009 funded by nickel laterite revenue

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Experienced Board of Directors

Rob Garden, Q.C., B.A., LL.B - Chairman

– 30 yrs experience in natural resources law, director of Golden Band Resources

Tony Climie, BS.C. (Hons.), P. Geol. - President and CEO

– 38 yrs international mineral exploration & discovery

• Dr. Gerhard Kirchner, Ph.D., P.Eng.- Director

– 40 yrs international mine development, management & discovery

Oscar Reyes, B.A. – Director (Chairman of Philippine subsidiary)

– former Chairman & CEO of Shell Oil, 38 years of business management

Robert Sarcher, M.B.A. - Director

– 27 years of investment and financial communications consulting in Europe

Doug Frondall, C.A. - Director

– CEO of Virtus Group LLP, specializing in business management consulting

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Capitalization Snapshot (CDN $)

Shares issued

89.2 million

Shares reserved

33.7 million – Stock Options 6.0 million – Property Acquisitions 6.7 million – Purchase Warrants 21 million

Fully diluted

122.9 million

Recent share price

$0.50

Market capitalization

$44.6 million

Year high-low share price

$1.31 - $0.58

Current treasury

$5.0 million

Additional funds from reserved shares

$23.3 million

Institutions

15%

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MIO has consistently out-performed the TSX Venture Composite Index over the past 5 yrs.

Feb 2003 MIO: $0.15 TSX-V: $1106.55 Feb 2008 MIO: $0.48 TSX-V: $2782.07 5 Yr Change MIO: +220% TSX-V: +151%

As of Feb. 28/08, $1,000 invested Feb. 28/03 was worth: MIO: $3,200 TSX Venture Composite Index: $2,510

MIO TSX Venture Index

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MINDORO PROJECTS

A A A

MINDANAO PANAY

A

!

Manila LUZON

BATANGAS PROJECTS:

Lobo Archangel Calo (within last 15 years) Major Deposit Recent Major Discovery Mindoro Project

Didipio Marian Far Southeast Antamok Santo Tomas II Acupan Dizon Paracale United Paragon Rapu Rapu San Antonio Tapian Bagacay Aroroy Atlas Sipalay Hinobaan Amacan Bulawan Basay Sibutad Canatuan Kingking Placer Siana Diwalwal Sabena Hijo Masara Victoria Bayugo Boyongan Tampakan

SURIGAO PROJECTS:

Tapian San Francisco Tapian Main Agata Mat-I

Pan de Azucar

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Philippine Sea Lake Mainit

Bayugo Madja Mayag Masgad Taganito Queensland Nickel (BHP Billiton) Hinatuan Asiga 5km

N

Road

A

Recent porphyry copper-gold discovery Porphyry copper-gold prospects Gold or gold-copper mine deposit / significant prospect Gold or gold-copper prospect Faults Nickel laterite mine / development project Mindoro Project Anglo - Philex Anglo Ashanti -Red 5 Climax Other Companies Transpacific - Philex

Manila Luzon Mindanao

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Mindoro in the Surigao Gold District

Butuan Bay

Senior mining companies hold adjoining properties Anglo American

• joint venture with Philex Gold
• Boyungan Deposit: 219 m.t. @

0.5% Cu, 0.7 g/t Au

Anglo Ashanti

• joint venture with Red 5
• Siana Deposit
• past production 1m ozs gold
• current resources 1m ozs gold
• feasibility stage

Mindoro holds

• ver 26,000

hectares (shown in blue) in this emerging porphyry copper-gold and nickel belt

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North

Philippine Sea Lake Mainit Butuan Bay

OSMC

SURIGAO CITY

SANTIAGO PLACER MALIMONO TUBAY CABADBARAN

Siana

TAGANITO PGMC CTP CNC NORTH DINAGAT HINATUAN PHILNICO

Bayugo Boyungan 10 km N Mindoro tenement / application Nickel laterite mineralization Nickel laterite mine Recent porphyry copper-gold discovery Porphyry copper-gold prospects Gold mine or prospect Municipality Road

Manila Luzon Mindanao

An important nickel laterite camp with several mines in production

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North

Philippine Sea Lake Mainit Butuan Bay

OSMC

SURIGAO CITY

SANTIAGO PLACER MALIMONO TUBAY CABADBARAN

Siana

TAGANITO PGMC CTP CNC NORTH DINAGAT HINATUAN PHILNICO

SRMI Mine

Agata North Tapian Main Tapian SF Mat-I Agata South (Delta Joint Venture)

Northern Agata Nickel Laterite Exploration Target:

• 50 to 60 million wet metric tonnes (WMT)
• 0.9% to 1.5% nickel
• 28% to 46% iron.

Bayugo Boyungan

The potential quantity and grade of the Exploration Target described is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

10 km N Mindoro tenement / application Nickel laterite mineralization Nickel laterite mine Recent porphyry copper-gold discovery Porphyry copper-gold prospects Gold mine or prospect Municipality Road

Manila Luzon Mindanao

Mindoro’s Surigao Prospects:

• 2,287 ha of nickel laterite

mineralization to date (open)

• ten porphyry copper-gold prospects

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PHILIPPINE NICKEL: A Bright Future

large and extensive

deposits

high demand for

Philippine nickel-iron

• re – particularly

from China

many mines currently

favor direct shipping

• re (DSO) operations

DSO operation of SR Metals: Southern extension

• f Mindoro’s nickel

laterite prospect

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Key to unlocking real value lies

in developing local processing solutions: –Nickel pig iron furnaces –New generation HPAL –Heap leach

PHILIPPINE NICKEL: A Bright Future

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Typical Philippine Nickel Laterite Contract for 1.1% Ni & 42% Fe DSO Operation

Typical current contracts, FOB $22 - $25/wmt Typical operating costs $8 - $12/wmt Initial capital cost for 1M wmt/yr

• peration

$3M - $4M

The potential quantity and grade of Mindoro’s Exploration Target is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

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MINDORO NICKEL STRATEGY

Near term opportunity – direct shipping ore (DSO)

– Low capital cost and quick cash flow – Experienced team assembled – Basic engineering and mine plan complete – NI 43-101 resource estimate due April 2008 – ECC recommended to DENR Secretary for final approval – Production anticipated in 3Q 2008

Long term value - local processing plant

– Key to realizing significant real value of nickel laterite – Evaluating various technologies – Discussions with interested steel producers

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La Fraternidad

• Sta. Ana

SANTIAGO Tagmamarcay Tinigbasan Tagpangahoy

• E. Morgado

Lawigan Curva Tagbuyakan Jagupit

AGATA NICKEL LATERITE PROJECT

N

2 km

Butuan Bay

Nickel iron laterite mineralization

9°12'00" 9°14'00" 9°16'00" 125°34'00" 9°18'00" 125°32'00" 125°30'00"

Agata South

Recent porphyry copper-gold discovery Known gold-copper, gold mine / prospect

Philippine Sea

Lake Mainit Butuan Bay Madja

Agata Nickel Laterite Areas

Siana Mine Boyungan Bayugo

SRMI PHILNICO HINATUAN OSMC TAGANITO PGMC CTP

Porphyry copper-gold target Nickel laterite mine

125º40' 9º20' 9º40'

Binuangan

SURIGAO CITY

Camp

? ?

SRMI Mine

La Paz

Mindoro tenement application Mindoro MPSA boundary

Agata North

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Butuan Bay

778000 E 776000 E 1026000 N 1028000 N

Proposed Starter dump Proposed causeway/ pier #1 Proposed causeway/ pier #2 Agata Basecamp

Assay laboratory Tennis court Basketball court Clinic

N

300 m

Proposed Pier Yard Proposed Pier Yard

Sr./Jr. Staff house VIP/Gues t house Administration building Badminton/ gymnasium/clubhouse Green park

Nickel iron laterite mineralization Pit limit based on the initial drilled mineable ore Proposed settling pond Road Proposed road

AGATA NORTH NICKEL PROJECT Conceptualized Mine Plan and Design

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A A A

MINDANAO PANAY

A

!

Manila LUZON

BATANGAS PROJECTS:

Archangel Calo El Paso (within last 15 years) Major Deposit Recent Major Discovery Mindoro Project

MINDORO PROJECTS

Didipio Marian Far Southeast Antamok Santo Tomas II Acupan Dizon Paracale United Paragon Rapu Rapu San Antonio Tapian Bagacay Aroroy Atlas Sipalay Hinobaan Amacan Bulawan Basay Sibutad Canatuan Kingking Placer Siana Diwalwal Sabena Hijo Masara Victoria Bayugo Boyongan Tampakan

SURIGAO PROJECTS:

Tapian San Francisco Tapian Main Agata Mat-I

Pan de Azucar

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O c e a n

LOBO

unsurveyed

Jaybanga Au Pajo Cu Old Lobo Mine Cu-Au Paggalang Cu-Skarn Balatbat North Au Nagtoctoc Cu

unsurveyed

Palacpac Freeport McMoRan’s Taysan porphyry copper-gold deposit

Manila Luzon Mindanao

Calumpang Camo

Taysan

Calantas Malalim

Epithermal vein–breccia trends / prospects (gold – silver - copper) Mindoro Exploration Permit and Applications Other prospects [not yet evaluated] Freeport McMoRan

N

2km

Porphyry copper-gold prospects defined by chargeability / alteration / copper showings Road

See inset map Copper mineralization

BATANGAS PROJECTS: 32,292 hectares

Calo El Paso Kay Tanda

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A look first at Kay Tanda

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O c e a n

Marita

Bootin Balibago Ahit Extensively altered volcanics intruded by diorite and dacite intrusives Strong chargeability anomalies (Interpreted sulphide mineralization with correlating alteration, copper & gold showings)

Chargeability Anomalies / Porphyry Targets

Epithermal gold-silver zones Copper mineralization Old mine working Younger cover rocks Road

1km

N Porphyry-related Stockworks within argillic/phyllic alteration

Area of Kay Tanda resource delineation drilling

Resource delineation in progress

ARCHANGEL COMPILATION

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v

NLO-1: 0.65/153.2 14 NLT-1: 0.35/29.84 50 SLT-2: 1.24/25.53 51 SLS-1: 1.71/5 6 5 SLT-1: 11m@ 1.50 % Cu 1.20 g/t Ag 1.64 % Zn KTT-1: 0.43/2.14 209

v

• v
• v
• v
• COA-1:

0.50/0.7 7.3

ARCHANGEL PROJECT Kay Tanda Prospect Compilation Map

0.73/4.97 15 KT0-2: 0.69/5.4 60 COA-2: 0.69/1.07 4.20

Initial NI 43-101 resource estimate:

• Inferred: 11,599,000 @ 0.70 g/t gold = 262,000

contained ounces

• Indicated: 3,365,000 @ 0.88 g/t gold = 95,000

contained ounces

Au g/t X interval (m) 0.3 g/t Au cut-off > 100 5 - 15 15 - 30 50 - 100 < 5 30 - 50 Stream Drill hole Historical working Chargeability anomaly (N=4) Outcrop Trench g/t Au/g/t Ag length(m) 1.24/25.5 51

The potential quantity and grade of the Exploration Target described is conceptual in nature, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. Until a feasibility study has been completed there is no certainty that the Company's projections will be economically viable.

200 m

N

KTO-1: 0.45/7.40 5

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ARCHANGEL PROJECT Kay Tanda Prospect Drilling Results

Gold g/t X meters

MINDORO RESOURCES LTD.

> 100

Au g/t X interval (m)

5 - 15 15 - 30 50 - 100 < 5 30 - 50

v v v v v v v v v v v

Diamond drill hole location River / Creek

KTDH-04 CA11

Historical drill hole RC drill hole location Younger cover volcanics and sedimentary rocks

v N

100 m

KT-55

Historical working Drillhole with pending assay results

PL-38

PL-21

1.5 g/t gold 17 m

and

9.8 g/t gold 6 m

KT-58

1.32 g/t gold 24 m

KT-44

1.19 g/t gold 76 m

KT-55

3.45 g/t gold 64 m

including

9.6 g/t gold 20 m

PL-23

4.03 g/t gold 26 m

and

179.16 g/t Silver

KTRC-101 5.69 g/t Au 26 m Including 10.18 g/t Au 14 m KTDH-20 5.12 g/t gold 61 m Including 246.41 g/t gold 1 m

* Most high grade intercepts were excluded from resource estimate due to lack of information on geological controls. * Additional drilling expected to move these ounces into resource category * Great “blue-sky” potential to increase ounces and grade

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Excellent Metallurgical Results

Column (heap leach) tests 12.7mm (1/2”); 29 days leaching:

– Oxide: 82% gold & 32% silver – Transitional oxide/sulphide: 78.3% gold & 42% silver

50mm (2”); 70 days leaching:

– Oxide: 80.7% gold & 29% silver – Transitional oxide/sulphide: 80.1% gold & 56% silver

Additional testing on deeper, purely sulphide

material

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Kay Tanda RC rig

KAY TANDA: PLANS

Advanced joint venture

discussions underway with experienced gold mining company

Additional drilling to

increase grade and

• unces

Additional epithermal

gold and porphyry copper-gold targets still to be tested

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O c e a n

LOBO

unsurveyed

Jaybanga Au Pajo Cu Old Lobo Mine Cu-Au Paggalang Cu-Skarn Balatbat North Au Nagtoctoc Cu

unsurveyed

Palacpac Freeport McMoRan’s Taysan porphyry copper-gold deposit

Manila Luzon Mindanao

Calumpang Camo

Taysan

Calantas Malalim

Epithermal vein–breccia trends / prospects (gold – silver - copper) Mindoro Exploration Permit and Applications Other prospects [not yet evaluated] Freeport McMoRan

N

2km

Porphyry copper-gold prospects defined by chargeability / alteration / copper showings Road

See inset map Copper mineralization

BATANGAS PROJECTS: 32,292 hectares

Calo El Paso Kay Tanda

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Joint venture discussions underway on four Batangas Prospects

Click this box to see the Calo and El Paso compilation maps

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MINDORO SUMMARY

Agata: Nickel Laterite

– Short term direct shipping ore plans for 2008 – Long term value-added local processing options

Kay Tanda: Gold-Silver

– Acquire joint venture partner to fund to production

Calo and El Paso: Porphyry Copper-Gold

– Acquire joint venture partners to fund exploration

Additional 18 porphyry copper-gold targets

– Target rich portfolio with outstanding blue-sky potential

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Strong commitment

to social programs

– information campaigns – work with the communities – continuous process – community health & education projects

SOCIAL AND ENVIRONMENTAL RESPONSIBILITY

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Mindoro environmental officer lecturing students on solid waste management

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Mamanwa Tribespeople perform dance ceremony prior to start of Agata nickel laterite drill program

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Tree nursery for site rehabilitation

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Mindoro environmental officer supervising drill road slope stabilization

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Mamanwa tribespeople on Agata Farm- To-Market Road built by Mindoro

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Contact: Penny Gould, President penny@mindoro.com (780) 413-8187 #104, 17707-105 Avenue Edmonton, AB T5S 1T1

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