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Aug 11, 2004
Mindoro Creates Advisory Board
EDMONTON, AB; August 11, 2004 - Mindoro Resources Ltd. (TSX-V: MIO) today announces it has created an Advisory Board to provide senior level guidance and consultation to management as the company advances its projects in the Philippines. The new Advisory Board members are Mr. Terry A. Lyons and Mr. R. Michael Jones.

"Our new Advisory Board will play an active role in refining and executing our corporate strategy," said Tony Climie, President and CEO of Mindoro. "Both Terry and Michael bring extensive capital markets, corporate finance and corporate governance depth to our team. Additionally, they both have hands-on experience as senior managers of producing mines. We are very fortunate to be able to count on their future contributions."

Terry A. Lyons, B.Sc. (Civil Eng.), MBA
Chairman, Northgate Minerals Corporation

Terry Lyons has over 29 years experience in natural resources, manufacturing, real estate, merchant banking and corporate restructuring activities. In 1976 he joined Versatile Corporation where he held a variety of senior positions in strategic planning, budgeting and finance, mergers and acquisitions and project management. In 1986 he was appointed Senior Vice-President and presided over the restructuring of Versatile Corporation, now known as B.C. Pacific Capital Corp., which is an affiliate of Brascan Financial Corp. Mr. Lyons has been chairman of Northgate Minerals Corp. (TSX: NGX) since 1993 and was the Corporation's CEO until June 2001.

Mr. Lyons is currently a Director and Officer of several public corporations including Canaccord Capital Corp., where he serves as Chairman of the Audit Committee and as a member of the Corporate Governance and Compensation Committee. He is Governor of the Olympic Foundation of Canada and is a member of the Advisory Board of the Richard Ivey School of Business at the University of Western Ontario.

Mr. Lyons holds a B.Sc. (Civil Engineering) and an MBA from the University of Western Ontario.

R. Michael Jones, B.A.Sc., P.Eng.
President, CEO and Director, Platinum Group Metals Ltd.

Michael Jones has 17 years of experience as a professional geological engineer and has been involved with the raising of over $200 million for exploration, mining development and production.

In 1986 Mr. Jones co-founded Glimmer Resources Inc. where he was later responsible for the discovery of the Glimmer Gold mine in Ontario. In 1992 he was appointed President of Cathedral Gold, and during his six-year tenure there ran the company's producing mine. Between 1997 and 1999 Mr. Jones served as Vice President of Aber Resources where he was part of the financing of a $1 billion mining project. From 1997, Mr. Jones also served for six years on the Securities Policy Advisory Committee of the British Columbia Securities Commission. In 2000, he founded Platinum Group Metals Ltd. and continues to spearhead that company as its President and CEO. Concurrent to his role at Platinum Group Metals Ltd., Mr. Jones is also a director of Mag Silver Corp., a company he founded in 2003.

Mr. Jones holds a B.A.Sc. in geological engineering from University of Toronto.

Mindoro is a Tier One Company listed on the TSX Venture Exchange (TSX-V: MIO). The Company is exploring for gold and gold-copper in the prolifically mineralized magmatic arcs of the Asia-Pacific Region. Mindoro has been active in the Philippines for seven years and is presently focused on six promising projects in politically stable jurisdictions of the Philippines.

For further information, contact:

Head Office
Penny Gould, Executive Vice President
Phone: (780) 413-8187
Fax: (780) 426-2716

Investor Relations
Marshall L. Farris, Ascenta Capital Partners Inc.
Phone: (604) 628-5800
Toll Free: 1-866-684-4209

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

You can view the Next Press Releases item: Fri Aug 20, 2004, TSX Venture Exchange Accepts Mindoro's Short Form Offering Document

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