Ms. Penny Gould reports

MINDORO ADOPTS ADVANCE NOTICE BYLAW

Mindoro Resources Ltd. has adopted an advance notice bylaw, providing for advance notice requirements for the nominations of directors.

The purpose of the advance notice bylaw is to provide shareholders, the board and management of the company with a clear framework for director nominations to help ensure orderly business at shareholder meetings. Among other things, the advance notice bylaw fixes a deadline by which a nominating shareholder must submit director nominations to the company prior to any annual or special meeting of shareholders. It also specifies the information that a nominating shareholder must include in the notice to the company in order for any director nominee to be eligible for election at any annual or special meeting of shareholders.

In the case of an annual meeting of shareholders, notice to the corporate secretary of the company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders (which is not also an annual meeting), notice to the company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The advance notice bylaw is effective as of the date it was approved by the board on Sept. 26, 2014, and will be submitted for shareholder approval by ordinary resolution at the company's upcoming annual and special meeting on Nov. 28, 2014. If the bylaw is not ratified by the shareholders, the bylaw shall terminate at the close of the meeting, and be of no further force and effect.

The full text of the bylaw is available with this release on Mindoro's website and on SEDAR.

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