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Aug 04, 2006
New Directors Appointed
EDMONTON, Alberta; August 4, 2006 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: OLM) is pleased to announce the appointments of Mr. Doug Frondall, CA, and Mr. Robert Sarcher, MBA, to the board of directors. Mr. Frondall's and Mr. Sarcher's expertise in the areas of financial reporting and investor communication further emphasizes Mindoro's commitment to prudent financial stewardship and good corporate governance.
A graduate of the University of Saskatchewan, Doug Frondall is a Chartered Accountant, Certified Management Accountant, Certified Management Consultant and Certified Valuation Analyst with 16 years of experience in public practice. He has been a partner with Virtus Group LLP in Saskatoon, Saskatchewan since 1993 and is currently CEO of Virtus. Mr. Frondall has a professional concentration in mergers and acquisitions, business valuations and business advisory services He frequently addresses business people and professionals on tax planning, general business advisory and management consulting issues. Mr. Frondall's professional membership affiliations include the Canadian and Saskatchewan Institute of Chartered Accountants, The National Association of Certified Valuation Analysts, The Canadian Association of Certified Management Consultants and the Society of Management Accountants of Saskatchewan.
Robert Sarcher received his Master of Business Administration from the Sparkassenakademie Bayern, Germany. He spent 17 years as an investment consultant with the Stadtsparkasse Augsburg bank where he was responsible for key account clients, German market research and the investment strategy of the bank. During this time, Mr. Sarcher was a recurring a guest lecturer on investment strategies at the Sparkassenakademie Bayern. In 1996, Mr. Sarcher started financial.de, one of the first German websites providing continuous financial news for private investors over the internet. Today, financial.de is one of the leading independent financial news sources in Germany. He founded financial.de.AG in 1998, providing investor relations services to German and foreign companies. Mr. Sarcher has a particular expertise in financial communication with a focus on communication of capital market transactions, capital increases and crisis communication. Since 2003, his focus has increasingly shifted to assisting companies involved in the resource and energy sector.
Mindoro is a Tier 1 Issuer trading on the TSX Venture Exchange (MIO) and the Frankfurt Stock Exchange (OLM). The company has identified 22 porphyry copper-gold prospects and a nickel laterite prospect in the Philippines and has an aggressive strategy of drilling multiple targets in 2006.
FOR FURTHER INFORMATION, CONTACT:
Penny Gould, Executive Vice President
Marshall Farris, Ascenta Capital Partners Inc.
Toll Free: 1.866.684.4209 ext. 22
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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