Mindoro Resources Limited has announced the final batch of strong drilling results of potential economic interest from the Bolobolo nickel target, located in the Surigao nickel district of NE Mindanao in Philippines.

Total of 497 holes for 5,200 meters have now been completed from the 7,000 meter to 10,000 meter program systematically testing regional nickel targets with the objective of converting a significant proportion of the Surigao regional exploration targets to resources.

Drilling has been completed on a 50m x 50m grid pattern at Bolobolo and this is sufficient drilling density to enable estimation of indicated resources.

The results from the Bolobolo drilling program reported in this release are from the final 52 holes and 433 samples. Significant results as follows:

BBL-157: Total 13.75m @ 1.36% Ni from surface, including 12.00m @ 1.42% Ni from 1.75m saprolite
BBL-115: Total 12.10m @ 1.12% Ni from surface
BBL-129: Total 15.00m @ 1.03% Ni from surface
BBL-164: Total 11.45m @ 1.03% Ni from surface
BNL-216: Total 9.40m @ 1.18% Ni from surface, including 5.80m @ 1.37% Ni from 3.60m saprolite
BBL-131: Total 10.45m @ 1.18% Ni from surface
BBL-100: Total 9.95m @ 1.20% Ni from 1.30m, including 4.70m @ 1.46% Ni from 11.25m saprolite
BBL-107: Total 10.95m @ 1.07% Ni from 0.30m
BBL-110: Total 9.10m @ 1.19% Ni from 2.35m
BBL-124: Total 10.10m @ 1.06% Ni from 0.70m

Final topographic survey information is required at Bolobolo before resource estimates will be produced, and this work is underway.

Drilling has now moved to the Agata South area. A previous arrangement with a Philippines company, Delta Earthmoving, has been re negotiated, allowing Mindoro to resume control of the project in exchange for a gross 1% royalty on future production.