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EDMONTON, ALBERTA--(Marketwire - Dec. 30, 2010) - Mindoro Resources Ltd. (TSX VENTURE:MIO) (ASX:MDO) (FRANKFURT:WKN 906167) today advised that Robert Sarcher through his consulting company Aprendo Capital GmbH has entered into a contract to provide investor relations services to the German market and has resigned as a director of the Company. The agreement, effective January 1st, 2011, will continue for a twelve month term during which time Mindoro will pay Aprendo Capital C$2,000 per month. The agreement may be terminated by either party with 30 days notice. Robert Sarcher currently owns 353,500 Mindoro common shares and has options to purchase common shares as follows:



Number of Shares
Option Exercise Price
Expiration date



150,000
$0.60
August 23, 2011



150,000
$0.84
June 7, 2012



150,000
$0.29
July 3, 2013



200,000
$0.13
August 4, 2014



200,000
$0.208
July 28, 2013






Mindoro also announced it has retained Nathan Ryan of NWR Communications Pty Ltd for investor relations services in Australia. The agreement, effective January 1, 2011, is for a term of 12 months and may be terminated by either party with 90 days notice. NWR Communications will receive a monthly retainer of A$1,300. Nathan Ryan and NWR Communications have no direct or indirect interest in the Company or its securities.


"I would like to personally thank Robert for his years of service as a director and commitment to continuing on in an investor relations role, which will further strengthen the European market base that he played a key role in establishing." stated Jon Dugdale, Mindoro's President and CEO. "We are also pleased to welcome Nathan Ryan to the Mindoro team to assist in establishing and growing our investor base in Australia following Mindoro's recent listing on the ASX."


On behalf of the board of directors,


Jon Dugdale, President and CEO