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

MINDORO

RESOURCES LTD.

Slide 1 of 40 Slide 1 of 48

DISCOVERY DRIVEN

A leader in the resource exploration boom of the Philippines

MINDORO

RESOURCES LTD.

Slide 2 of 40

Mindoro’s programs are carried out under the supervision of Tony Climie, P.Geol. president of Mindoro, who is a qualified person as defined by National Instrument 43-101. 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).

MINDORO

RESOURCES LTD.

Slide 3 of 40

PHILIPPINES: Land of Opportunity for Juniors 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

MINDORO

RESOURCES LTD.

Slide 4 of 40

Recent Investment in the Philippines Recent Investment in the Philippines

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. Xstrata (London) – – Exercised option for 62.5% from Exercised option for 62.5% from Indophil Indophil in $2 Billion in $2 Billion Tampakan Tampakan gold gold-

• copper mine

copper mine – – Funding $30 Million pre Funding $30 Million pre-

• feasibility study

feasibility study Climax/Oceana (New Zealand) – – $100 Million for construction of mine facilities in $100 Million for construction of mine facilities in Didipio Didipio copper copper-

• gold project

gold project Sumitomo (Japan) – – $210 Million to expand nickel refinery plant in Palawan $210 Million to expand nickel refinery plant in Palawan Sumitomo & Taganito – – Feasibility study on nickel refinery in Mindanao Feasibility study on nickel refinery in Mindanao Anglo American – – $20 Million pre $20 Million pre-

• feasibility study to earn 40% interest in Bayugo JV (Surigao)

feasibility study to earn 40% interest in Bayugo JV (Surigao) – – additional $20 Million to earn further 20% additional $20 Million to earn further 20% Atlas Mining – – $100 Million to rehabilitate copper mines in Cebu $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, In Plans to increase investment in mining projects: Philippines, Indonesia, Vietnam. donesia, Vietnam.

MINDORO

RESOURCES LTD.

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On the ground experience since 1996

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

Well established Philippine subsidiary (MRL Gold Phils.,

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

Strong local connections

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

Exploring in politically stable regions

Mindoro Advantage in the Philippines Mindoro Advantage in the Philippines

MINDORO

RESOURCES LTD.

Slide 6 of 40

Mindoro Project Highlights: Mindoro Project Highlights:

Agata nickel

– – plans for direct shipping ore production in 2008* plans for direct shipping ore production in 2008* – – establish income to fund exploration & development programs establish income to fund exploration & development programs

Kay Tanda gold

– – 43 43-

• 101 compliant gold resources

101 compliant gold resources

• Inferred: 11,599,000 @0.70

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

• Indicated: 3,365,000 @0.88

Indicated: 3,365,000 @0.88 g/t g/t gold = 95,000 contained ounces gold = 95,000 contained ounces – – advanced joint venture discussions underway with experienced gol advanced joint venture discussions underway with experienced gold d mining company mining company

Porphyry copper-gold targets

– – 20 undrilled porphyry copper gold targets 20 undrilled porphyry copper gold targets – – discussions underway to joint venture 2 discussions underway to joint venture 2-

• 3 targets in 2008

3 targets in 2008 – – drilling on additional targets from proposed nickel laterite rev drilling on additional targets from proposed nickel laterite revenue enue

* see cautionary statements on slide 13 * see cautionary statements on slide 13

MINDORO

RESOURCES LTD.

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Experienced Board of Directors Experienced Board of Directors

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

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

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

– – 38 yrs international mineral exploration & discovery 38 yrs international mineral exploration & discovery

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

– – 40 yrs international mine development, management & discovery 40 yrs international mine development, management & discovery

Oscar Reyes, B.A. - Director

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

Marshall Farris - Director

– – Principal of Ascenta Capital, a Canadian investor relations cons Principal of Ascenta Capital, a Canadian investor relations consulting firm ulting firm

Robert Sarcher, M.B.A. - Director

– – 27 years of investment and financial communications consulting i 27 years of investment and financial communications consulting in Europe n Europe

Doug Frondall, C.A. - Director

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

MINDORO

RESOURCES LTD.

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A Snapshot of Tony Climie A Snapshot of Tony Climie

CEO, President, Director Co-founder in 1996 35 years international mineral

exploration & discovery:

– – Nike Nike-

• Concord gold deposit, Nevada

Concord gold deposit, Nevada – – Mt.

• Mt. Skukum

Skukum gold mine, Yukon gold mine, Yukon – – Wolf Lake uranium deposit, Wolf Lake uranium deposit, Saskatchewan Saskatchewan – – Damp Damp polymetallic polymetallic deposit, NWT deposit, NWT – – Mazenod Mazenod Lake copper Lake copper-

• cobalt deposit,

cobalt deposit, NWT NWT – – Koongarra Koongarra uranium deposit, Australia uranium deposit, Australia

MINDORO

RESOURCES LTD.

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A Snapshot of Oscar Reyes A Snapshot of Oscar Reyes

Chairman of Mindoro

subsidiary MRL Gold Phils., Inc.

Former Chairman and

CEO Shell Oil Philippines

Responsible for US$5

billion Malampaya oil and gas project

Directorships with major

Filipino companies

MINDORO

RESOURCES LTD.

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Capitalization Snapshot (CDN $) Capitalization Snapshot (CDN $)

Shares issued

89.2 million

Shares reserved

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

MINDORO

RESOURCES LTD.

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MINDORO PROJECTS MINDORO PROJECTS

• MINDANAO

PANAY

• !

Manila LUZON

BATANGAS PROJECTS:

Lobo Archangel Calo

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

SURIGAO PROJECTS:

Tapian San Francisco Tapian Main Agata Mat-I

Pan de Azucar Pan de Azucar

MINDORO

RESOURCES LTD.

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Philippine Sea Lake Mainit

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

N

Road

• 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

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

Slide 12 of 40

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 SRMI Mine SRMI Mine

Agata North Agata North Agata North Tapian Main Tapian Main Tapian Main Tapian SF Tapian SF Tapian SF Mat-I Mat Mat-

• I

I Agata South (Delta Joint Venture) Agata South Agata South (Delta Joint (Delta Joint Venture) 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.

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.

Compilation showing

• approx. 2,287 ha. of

interpreted nickel laterite mineralization

• n Mindoro ground

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

RESOURCES LTD.

Slide 14 of 40

Philippine Sea Lake Mainit Butuan Bay

Bayugo Madja Mayag Masgad

Taganito CTP

Hinatuan Asiga 5km

N

Road

• 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

Anglo Ashanti Anglo American

SRMI Mine SRMI Mine SRMI Mine

Agata

• nickel laterite prospect
• Agata North
• Agata South
• American Tunnels
• Assmicor
• Limestone (epithermal)

Tapian San Francisco

• Waterfalls
• Cantikoy
• Gold Hill
• Canaga

Mat – I Tapian Main

• Tapian Main (porphyry &

epithermal)

• Bolobolo

Agata

• nickel laterite prospect

Mindoro has identified ten porphyry copper-gold prospects as well as one epithermal gold and a nickel laterite prospect.

Slide 14 of 40

MINDORO

RESOURCES LTD.

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PHILIPPINE NICKEL: A BRIGHT FUTURE PHILIPPINE NICKEL: A BRIGHT FUTURE

large and extensive deposits high demand for Philippine nickel-iron ore,

particularly from China

many mines currently favor direct shipping ore

(DSO) operations

key to unlocking real value lies in developing

local processing solutions:

– – Nickel pig iron furnaces Nickel pig iron furnaces – – New generation HPAL (e.g. Sumitomo) New generation HPAL (e.g. Sumitomo) – – Heap leach (e.g. European Nickel) Heap leach (e.g. European Nickel)

MINDORO

RESOURCES LTD.

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MINDORO NICKEL STRATEGY MINDORO NICKEL STRATEGY

Short term – direct shipping ore (DSO) production

– – Low capital cost and quick cash flow Low capital cost and quick cash flow – – 2Q 2008: 2Q 2008:

• NI 43

NI 43-

• 101 resource estimate

101 resource estimate

• scoping and feasibility studies

scoping and feasibility studies – – 3Q 2008: 3Q 2008:

• commence DSO production

commence DSO production

Medium term - local processing

– – Key to unlocking significant real value of nickel laterite Key to unlocking significant real value of nickel laterite

The reader is cautioned that the nickel laterite mineralization at the Agata projects are currently exploration targets only. The potential quantity and grade of the exploration target described above is conceptual in nature. There has been insufficient exploration to define mineral resources and it is uncertain if further exploration will result in the targets being delineated as mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.

MINDORO

RESOURCES LTD.

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Drill Hole Location Nickel Laterite

AGATA PROJECT

Completed drillhole

SRMI Mine

Mindoro Tenements: MPSA & Application

Topographic contour

Revised Exploration Target Area of resource delineation drilling

MINDORO

RESOURCES LTD.

775,000 E 1,025,000 N 780,000 E

Nickel Laterite mineralization MRL tenement

300

? ? ? ? ?

Butuan Bay

Southern Agata Nickel Laterite Southern Agata Southern Agata Nickel Laterite Nickel Laterite Delta Drilling Area Delta Drilling Delta Drilling Area Area

1 km

N

Northern Agata Nickel Laterite Exploration Target:

• 50 – 60 million wmt
• 0.9% to 1.1% nickel
• 28 to 46% iron

Northern Agata Northern Agata Nickel Laterite Nickel Laterite Exploration Target: Exploration Target:

• 50

50 – – 60 million 60 million wmt wmt

• 0.9% to 1.1% nickel

0.9% to 1.1% nickel

• 28 to 46% iron

28 to 46% iron

The potential quantity and grade of the exploration target described is conceptual in nature. There has been insufficient exploration to define mineral resources and it is uncertain if further exploration will result in the targets being delineated as mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. 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

RESOURCES LTD.

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SR Metals Nickel Operation

• directly south of Agata nickel laterite project
• simple open pit, direct shipping operation

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MINDORO

RESOURCES LTD.

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Area of initial resource definition drilling Area of nickel- iron laterite mineralization currently defined Drill Camp

View of Agata Nickel-Iron Laterite Prospect Looking South. SRMI Nickel-Iron Laterite Mine is approximately 3 km further south View of Agata Nickel-Iron Laterite Prospect Looking South. SRMI Nickel-Iron Laterite Mine is approximately 3 km further south

MINDORO

RESOURCES LTD.

Slide 20 of 40 Garnierite (Nickel) Mineralization

Northern Agata Exploration Target:

– – 50 50 – – 60 million 60 million wmt wmt – – 0.9% to 1.1% nickel 0.9% to 1.1% nickel – – 28 to 32% iron 28 to 32% iron

Consisting of:

– – overburden & limonite horizon

• verburden & limonite horizon
• 30

30 – – 35 million 35 million wmt wmt

• 0.9%

0.9% – – 1.1% nickel 1.1% nickel

• 40

40 – – 44% iron 44% iron – – saprolite horizon saprolite horizon

• 20

20 – – 25 million 25 million wmt wmt

• 1.0% to 1.4% nickel

1.0% to 1.4% nickel

• 8% to 10% iron

8% to 10% iron

Plus southern nickel laterite

prospect

Overburden & Limonite Overburden & Limonite Saprolite Saprolite

MINDORO

RESOURCES LTD. . The potential quantity and grade of the exploration target described is conceptual in nature. There has been insufficient exploration to define mineral resources and it is uncertain if further exploration will result in the targets being delineated as mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.

MINDORO

RESOURCES LTD.

Slide 21 of 40

AGATA PROJECT Nickel – Iron Laterite Cross Section A-A’

Saprolite Bedrock Limonite

EOH 27.7m

Thickness

• f intercept

Fe % Ni % 1.63 / 12.11 1 . 8

100 300m ASL 200

AGT-08

8000E

A A’

EOH 15m EOH 11.6m EOH 6m EOH 11.2m

Overburden

AGT-09

8100E 8200E 8300E 8400E

AGT-09 AGT-10 AGT-11 AGT-12

100

EOH 27.7m

0.70 / 47.02 3 . 0.97 / 32.31 1 . 8 5 0.75 / 44.98 4 . 7 5 0.59 / 46.60 3 . 6 5 0.73 / 46.36 4 . 8 1.38 / 42.47 2 . 0.65 / 9.87 . 8 1.43 / 31.60 2 . 1 5 0.78 / 47.76 1 . 1.17 / 32.80 1 . 1 1.20 / 8.47 15 1.63 / 12.11 1.80 1.43 / 9.50 3.15 1.51 / 10.26 7.80

50m 50m

SAPROLITE OVERBURDEN LIMONITE

Slide 21 of 40

MINDORO

RESOURCES LTD.

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Agata Nickel Laterite Plans Agata Nickel Laterite Plans

Direct shipping ore production offers route to quick

cash flow with low capital cost

Environmental Compliance Certificate application filed

with mines department; receipt expected 2Q 2008

• Approx. 3 -4 months mine development time after

receipt of all permits

Mine Manager hired Preliminary mine layout and haul road design complete

The reader is cautioned that the nickel laterite mineralization at the Agata projects are currently exploration targets only. The potential quantity and grade of the exploration target is conceptual in nature. There has been insufficient exploration to define mineral resources and it is uncertain if further exploration will result in the targets being delineated as mineral resources or that these resources, if delineated, will be economic or sufficient to support a commercial mining operation. Until a feasibility study has been completed there is no certainty that the company's projections will be economically viable.

MINDORO

RESOURCES LTD.

Slide 23 of 40

• MINDANAO

PANAY

• !

Manila LUZON

BATANGAS PROJECTS:

Archangel Calo El Paso

BATANGAS PROJECTS:

Archangel Calo El Paso

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

MINDORO PROJECTS 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

SURIGAO PROJECTS:

Tapian San Francisco Tapian Main Agata Mat-I

Pan de Azucar Pan de Azucar

MINDORO

RESOURCES LTD.

Slide 24 of 40

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

To Manila Palacpac Freeport McMoRan’s Taysan porphyry copper-gold deposit

Manila Luzon Mindanao

Calumpang Camo Camo Trend Sampson Trend

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 BATANGAS PROJECTS: 32,292 hectares hectares

Calo El Paso Kay Tanda

MINDORO

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A look first at Kay Tanda A look first at Kay Tanda

Slide 24 of 40

MINDORO

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O c e a n

Marita

Bootin Balibago Ahit

To San Juan To Lobo

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 ARCHANGEL COMPILATION

Slide 25 of 40

MINDORO

RESOURCES LTD.

Slide 26 of 40

1 , E 9 , 4 N

v

9 , E

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

9 , 6 N 9 , 2 N 1 , 2 N 1 , 4 N 1 , 6 N 1 , N 9 , 8 N 1 , 8 N 1 1 , N 1 1 , 2 N

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 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

200 m

N

KTO-1: 0.45/7.40 5 Slide 26 of 40

MINDORO

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Slide 27 of 40

1 , 2 E 9 , 8 E 9,800N 1 , E 9,600E 10,000N 9,600N 9 , 4 E 9,400N 9,200N 10,200N

ARCHANGEL PROJECT Kay Tanda Prospect Drilling Results Gold g/t X meters

> 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

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-58

1.32 g/t gold 24 m

KT-44

1.19 g/t gold 76 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

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

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 KTDH-20 5.12 g/t gold 61 m Including 246.41 g/t gold 1 m

* Most high-grade and “bonanza” gold intercepts excluded from resource due to wide-spaced drilling and lack of information on geological controls. * Great “blue-sky” potential to increase ounces and grade with additional drilling

MINDORO

RESOURCES LTD.

Slide 27 of 48 Slide 27 of 40

MINDORO

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Slide 28 of 40

Excellent Metallurgical Results Excellent Metallurgical Results

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

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

50mm (2”); 70 days leaching:

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

Additional testing on deeper, purely sulphide

material

MINDORO

RESOURCES LTD.

Slide 29 of 40

Kay Tanda RC rig

KAY TANDA: PLANS 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

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

MINDORO

RESOURCES LTD.

Slide 29 of 40

MINDORO

RESOURCES LTD.

Slide 30 of 40

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

To Manila Palacpac Freeport McMoRan’s Taysan porphyry copper-gold deposit

Manila Luzon Mindanao

Calumpang Camo Camo Trend Sampson Trend

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 BATANGAS PROJECTS: 32,292 hectares hectares

Calo El Paso Kay Tanda

MINDORO

RESOURCES LTD.

Joint venture discussions underway on both Calo and El Paso Joint venture discussions underway on both Calo and El Paso

Slide 30 of 40

MINDORO

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Slide 31 of 40 Calo LOBO Bignay Lobo Mine (HS copper) San Miguel Tayuman Balatbat (Skarn) Exotic copper showing SW Breccia Mineral Resource · indicated - 270,000 t @ 6.49 g/t Au; 56,380 ozs Au · inferred - 61,000 t @ 5.35 g/t Au; 10,540 ozs · open to SW and depth Cl-1 Cl-1 Cl-2 Cl-2 Cl-5 Cl-5 Cl-3 Cl-3 Cl-4 Cl-4 Cl-6 Cl-6 Cl-7 Cl-7

El Paso

> 60 msec chargeability anomaly (Level 8) 40-60 msec chargeability anomaly (Level 8) Epithermal vein breccia trend (low and high sulphidation River / creek Road Copper mineralization Mindoro drill hole Mindoro tenement boundary Interpreted faults

2 km N

Diatreme breccia Argillic to advanced argillic alteration Silica cap Other tenements Magnetic high Freeport McMoRan

Not yet surveyed by IP

Pica porphyry copper- gold system Hole 2 213 m @ 0.18 % Cu 0.30 g/t Au 1.19 g/t Ag

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CALO COMPILATION

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N

E EL

L P

PASO

ASO

C COMPILATION

OMPILATION

0.9 0.020 0.241 15 CAL3 TRENCH / CHANNEL RESULTS 1.0 0.045 0.255 15 TAL1 16.9 0.380 1.632 20 TRS-12 1.0 <0.005 0.417 20 TRS-11 3.7 0.174 0.996 30 TRS-10 3.4 0.313 0.873 20 TRS-9 4.2 0.707 1.082 4 TRS-8 <0.5 0.036 0.118 3 TRS-7 17.2 0.123 1.196 25 TRS-6 1.8 0.342 0.825 5 TRS-5 6.1 0.122 0.701 5 TRS-4 8.4 0.097 1.301 20 TRS-3 1.1 0.100 0.212 10 TRS-2 24.1 1.016 5.689 10 TRS-1 1.4 0.029 1.282 4.6 TRN-5 1.1 0.011 0.897 21 TRN-3 1.50 <0.005 1.654 20 TRN-1

TR-1 1.0

• 254

TR-2 10 0.272 32 TR-3 20 0.241

• TR-4

10

• 806

Trench No. Length Cu (%) Au (g/t) Ag (g/t) (m) Trench No. Length Cu (%) Mo (ppm) (m) 500 m

Matandang Gubat Calantas Santol

To Rosario To Lobo To Batangas City

El Paso

TR-4 TR-3 CAL3 TAL1 TRS-6 TRS-7 TRS-5 TR-2 TRS-11 TRS-4 TRS-2 TRS-8 TR-1 TRS-1 TRS-9 TRS-10 TRN-5 TRN-1 TRN-3

San Juan diorite 20 - 50 msec

Geophysical Anomalies

>50 msec Younger diorite and andesite intrusives (phyllic+SCC alteration) Younger cover rocks Road Copper mineralization Trench

TRS-3 TRS-12

Mulawin Slide 32 of 40

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MINDORO SUMMARY 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

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

MINDORO

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MINDORO

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Slide 34 of 40

SOCIAL AND ENVIRONMENTAL SOCIAL AND ENVIRONMENTAL

Strong commitment to

social programs vital

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

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Mindoro environment officer lecturing students on solid waste management Mindoro environment 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 Mamanwa Tribespeople perform dance ceremony prior to start of Agata nickel laterite drill program

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Tree nursery for site rehabilitation Tree nursery for site rehabilitation

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Mindoro environmental officer supervising drill road slope stabilization Mindoro environmental officer supervising drill road slope stabilization

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

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Contact: Penny Gould, Executive V.P. penny@mindoro.com 1-780- 413-8187 #104. 17707-105 Ave Edmonton, AB T5S 1T1 Contact: Penny Gould, Executive V.P. penny@mindoro.com 1-780- 413-8187 #104. 17707-105 Ave Edmonton, AB T5S 1T1

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