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Monday, November 27, 2006
New High-Grade Gold-Silver Zone Intersected at Kay Tanda

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EDMONTON, Alberta; November 27, 2006 - Mindoro Resources Ltd. (TSXV: MIO; Frankfurt: WKN 906167) today reported additional results from a further four reverse circulation drill (RC) holes from the Kay Tanda epithermal gold-silver zone, located in the Archangel Project, the Philippines. Hole PL-23 returned 4.03 grams per tonne (g/t) gold and 179.16 g/t silver over 26 meters, from 0 to 26 meters, including 16.94 g/t gold and 1045.58 g/t silver (or 37.85 g/t gold equivalent*) over four meters. This intercept is followed by 12.24 g/t gold over two meters from 58 to 60 meters. Mineralization intercepts are believed to approximate true widths. Mineralization is open in several directions. The high-grade mineralization in PL-23 is interpreted to be part of another upflow (or "feeder") zone along a northeast-trending structure. Further drilling will target extensions of this zone.

Other significant intersections above the 0.3 g/t gold cut-off were: 0.43 g/t gold over 16 meters in PL-24; 0.44 g/t gold over 22 meters, followed by 8.15 g/t gold over two meters in PL-25 and 0.76 g/t gold over 34 meters in PL-26

Meanwhile, diamond core hole KTDH-05 is in progress in the northeastern part of Kay Tanda. KTDH-05 is an angle hole to test below hole KTDH-04, and is currently at a depth of 300 meters. A second core rig has been contracted and is being mobilized to site this week. With the RC rig, this brings to three the number of drill rigs operating at Kay Tanda. Mindoro plans on drilling a minimum additional 7,000 meters at Kay Tanda, targeting both the low-grade, near-surface blanket form of mineralization as well as the steeper-dipping and deeper, high-grade "feeder" structures.

The western part of Kay Tanda, from where the latest drilling results are reported, was previously referred to as Pulang Lupa. Based on induced polarization data (see map with release dated October 23, 2006), Pulang Lupa is now believed to be continuous with Kay Tanda at depth, and future infill drilling will be carried out to confirm this.