December 27, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has closed an over-subscribed non-brokered private placement financing raising $1,530,968 by the issuance of 11,340,502 units (“Units”) at $0.135 per unit, subject to TSX approval.  Each Unit consisted of one common share and one-half of one share purchase warrant.  Each whole share purchase warrant (“Warrant”) is exercisable into one common share at a price of $0.20 per share for a period of 2 years following the closing of the offering. All securities issued under the Offering are subject to a restricted resale period under Canadian securities law until April 28, 2020. The Company will pay a finder’s fee of 6% cash for a total fee of $37,430, in respect of subscriptions from investors introduced by this finder. The Company intends to use the net proceeds of the Offering for the exploration of its non-partnered properties in Serbia and Bulgaria, its non-partnered generative programs for new areas of exploration as well as general corporate purposes. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, of which one is optioned to JOGMEC, indirect interests in two licenses are optioned to Freeport-McMoRan Exploration Corporation, four licenses are optioned to Vale and one license, Zeleznik, is available for third parties to option. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of the private placement, completion of exploration work on projects and licenses and results of that exploration work, the prospect of one or more additional joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this private placement within the United States or to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities Act).

Not for Distribution to a United States Newswire or for Dissemination in the United States December 4, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), intends to undertake a private placement to raise gross proceeds of up to $1,000,000 by the issuance of up to  7,407,407 units (“Units”) at $0.135 per Unit (“Offering”). Each Unit comprises of one common share of the Company and one-half of one share purchase warrant.  Each whole share purchase warrant (“Warrant”) is exercisable into one common share at a price of $0.20 per share for a period of 2 years following the closing of the offering. The Offering will be conducted on a non-brokered basis to institutional and accredited investors pursuant to prospectus exemptions available under applicable securities laws and is subject to the approval of the Exchange.  A four-month hold period will apply to all securities issued as part of the Offering. The Company intends to close the Offering on or about January 8, 2020. There can be no assurance that the Offering will be completed as proposed or at all, and it is subject to all applicable regulatory approvals.  The Company intends to use the net proceeds of the Offering for the exploration of its non-partnered properties in Serbia and Bulgaria, its non-partnered generative programs for new areas of exploration as well as general corporate purposes. JOGMEC-Mundoro Project in Serbia In May 2019, the Company announced it had been notified by Japan Oil, Gas and Metals National Corporation (“JOGMEC”), on the  Borsko-Jezero (“Borkso”) license of its decision to sole-fund the Stage Two Earn-In on the Borsko license under the Earn-In Agreement between Mundoro and JOGMEC (press release on: www.mundoro.com).  Mundoro has been re-appointed as the Operator for the JOGMEC-Mundoro Project and will receive an operator fee for operating the program.  The Year 1 exploration program for the Stage Two Earn-In at Borsko, which is sole-funded by JOGMEC, commenced in May 2019 has been focused on completing a gravity survey over the remainder of the Borsko license and drill testing geophysical targets.  Drilling is expected to be completed in Q4-2019 with results expected in Q1-2020. Freeport-Mundoro Projects in Serbia The Freeport-Mundoro Projects are currently in the Second Year of Phase 1 of the earn-in. The First Year under Phase I commenced in October 2018 and included a drill program of 4,778 m of diamond drilling in seven drill holes, which tested four target areas.   Drilling commenced in Q4-2019 with results expected in Q1-2020. Vale-Mundoro Projects in Serbia In October 2019, Mundoro announced it had entered into an earn-in agreement with Vale Canada Limited in which Mundoro had granted to Vale an option to earn-in to four of Mundoro’s exploration licenses: Sumrakovac, Osnic, Dubrava and Padina (the “Vale-Mundoro Projects”) located within the TMC in Serbia (press release on: www.mundoro.com). JOGMEC Generative Alliance In March 2019 Mundoro entered into a Generative Program Agreement (the “Generative Alliance”) in the Republic of Bulgaria with JOGMEC. The purpose of this Generative Alliance is to establish a generative program between Mundoro and JOGMEC, whereby Mundoro will carry out mineral exploration activities in Bulgaria under the direction of a joint Technical Committee with the view to identifying areas of interests that merit additional exploration and/or development work. Upon JOGMEC determining that one or more properties merit additional exploration and/or development work, JOGMEC has the right to establish a joint venture on that property with Mundoro. JOGMEC is sole funding the Generative Alliance. Mundoro Generative Programs and Outlook for Projects Available for Option or Joint Venture The Company has an ongoing target generation program where we evaluate both existing and new target areas. Several target areas in Serbia are currently under review.  The Company has made a number of applications in 2019 for further exploration areas.  Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok, Serbia as well as in Bulgaria. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, of which one is optioned to JOGMEC, indirect interests in two licenses are optioned to Freeport-McMoRan Exploration Corporation, four licenses are optioned to Vale and one license, Zeleznik, is available for third parties to option. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of the private placement, completion of exploration work on projects and licenses and results of that exploration work, the prospect of one or more additional joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available. This announcement does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in this private placement within the United States or to, or for the account or benefit of, U.S. Persons (as defined under Regulation S under the U.S. Securities Act).

November 25, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), announces filing unaudited consolidated financial statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posting on the Company’s website at www.mundoro.com. All amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTS FROM Q3-2019 Financial Update Earn-in parties funded exploration costs totaled $0.7 million and operator fees earned totaled $0.07 million. Mundoro funded exploration costs for generative programs totaled $0.2 million. Corporate expenses totaled $0.2 million, which includes $0.05 million in corporate governance, $0.01 million in administrative costs, $0.05 million in corporate communication, and $0.08 million in accounting and audit. Total cash used in operations before changes in non-cash working capital was $0.4 million. Changes in non-cash working capital items totaled $0.3 million, of which a significant component was cash advances of $0.2 million received from earn-in parties. Working capital at June 30, 2019 was $1.6 million with cash comprising $1.8 million. The Company has no debt.Exploration Programs Update JOGMEC-Mundoro Project in Serbia On May 1, 2019, the Company announced it had been notified by Japan Oil, Gas and Metals National Corporation (“JOGMEC”), on the  Borsko-Jezero (“Borkso”) license of its decision to undertake the Stage Two Earn-In on the Borsko license under the Earn-In Agreement between Mundoro and JOGMEC (see Mundoro’s press release dated May 1, 2019, at www.mundoro.com). Mundoro has been re-appointed as the Operator for the JOGMEC-Mundoro Project and will receive an operator fee for operating the program. The Year 1 exploration program for the Stage Two Earn-In at Borsko commenced in May 2019 has been focused on completing a gravity survey over the remainder of the Borsko license and drill testing geophysical targets. Borsko Borsko is a 35 sq.km area located near the central portion of the Timok Magmatic Complex (“TMC”). Borsko is directly adjacent and to the west of the producing Bor copper porphyry mine which is directly west of the Veliki Krivelj copper-gold porphyry mine. The work completed to date at Borsko identified a CSAMT geophysical anomaly over 1.6 km in areal extent which has been partially tested. Drilling has identified that this CSAMT geophysical anomaly appears to be related to advanced argillic alteration (“lithocap”) under cover. The drill tested hydrothermal alteration system extends 400 m by 800 m with a thickness of 500+ meters and remains open primarily towards the north, west and south. Such alteration systems are host environments of the Bor and Cukaru-Peki high sulphidation Cu-Au deposits in the Timok region. The lithocap contains elevated copper-gold-arsenic values indicative of high sulphidation type mineralization, while weak potassic alteration was identified at the bottom of the lithocap suggesting a porphyry source beyond the immediate area drill tested to date. Approximately 2,000 m to the south drill hole 18-BJ-19 identified a fault zone bearing pyrite-kaolinite alteration with elevated Au-As, indicating an active structure possibly related to another Borsko hydrothermal system. Under the Stage Two Earn-In at Borsko, the Year 1 exploration program commenced in May 2019, and is focused on completing further geophysics consisting of a gravity survey over the remainder of the Borsko license and further drill testing. During Q3 2019, a total of 2,163 stations for gravity were measured on a 100m x 100m grid with interpretation models completed. Several geophysical anomalies have been identified, prioritized and selected for follow up drilling. Next Steps: Drilling of newly identified targets commenced in September 2019 and is anticipated to be completed in Q4-2019.Freeport-Mundoro Projects in Serbia The Freeport-Mundoro Projects are currently in the Second Year of Phase 1 of the earn-in. The First Year under Phase I commenced in October 2018 and included a drill program of 4,778 m of diamond drilling in seven drill holes, which tested four target areas. During Q3-2019 a summary of the work completed is as follows: Tilva Rosh (Savinac License) This target is a large area of 2.5 km by 1 km of advanced argillic alteration containing epithermal gold mineralization cropping out at surface as observed through trench sampling by Mundoro in 2013 which returned 12 m of 30 g/t gold and 171 g/t silver. Interpretation of drill results suggests the epithermal mineralization is proximal to a copper-gold porphyry system. Induced Polarization (“IP”) and Resistivity geophysics for a total of 59.2 line/km in twelve surveyed profiles were completed at Tilva Rosh. Controlled Source Audio-Magnetotelluric (“CSAMT-NSAMT”) geophysics for a total of 32.7 line/km in twelve surveyed profiles were completed. Next steps: Interpretation models from both the IP-Resistivity and CSAMT/NSAMT are being completed and several geophysical anomalies were identified and used along with other layers of information to select targets for follow up drilling in Q4-2019 which commenced in October 2019.Markov Kamen (Savinac License) This area is another epithermal target identified by several copper-gold-in-soil geochemical anomalies related to 4 km by 1.2 km zone of argillic and advanced argillic alteration. It is located 2 km south of the Tilva Rosh target. Five holes drilled during a previous program at Markov Kamen intersected hydrothermal breccia, massive sulphides and vuggy silica, suggesting high-sulphidation type epithermal mineralisation controlled by dominantly northwest structures. Induced Polarization (“IP”) and Resistivity geophysics for a total of 35.2 line/km in eleven surveyed profiles were completed. Controlled Source Audio-Magnetotelluric (“CSAMT-NSAMT”) geophysics for a total of 26.4 line/km in eleven surveyed profiles were completed. Next steps: Interpretation models from both the IP-Resistivity and CSAMT/NSAMT are being completed and several geophysical anomalies were identified and used for selection and prioritising targets for follow up drilling in Q4-2019.Prekostenski (Bacevica License) This area is a copper-gold porphyry target identified from geochemical analysis surface sampling which resulted in 55 m of 0.28 g/t gold and 0.21 % copper located in the western portion of the Bacevica license. The exploration work identified chalcopyrite-magnetite mineralisation hosted in potassic altered diorite. One drill hole from a previous program confirmed the extension of the surface mineralisation to a depth of 68.6 m. Quartz-pyrite-chalcopyrite veins were observed hosted in potassic altered diorite porphyry and returned an intercept of 49.8 metres of 0.14 g/t gold and 0.13 % copper from surface. Detailed mapping was completed for an area of approximately 9 sq.km. and surface extension of the mineralised porphyry was found further to the west. Next steps: CSAMT/NSAMT survey total of 12 line/km along five profiles and IP-Resistivity geophysics of 24 line/km along five profiles were completed to better define the lateral and vertical extension of the mineralised porphyry. Follow up drilling is planned for Q4-2019.Orlovo Brdo (Bacevica License) This target is a broad zone of phyllic alteration of 3 km by 700 m with gold and copper anomalism located at the central portion of Bacevica license. One drill hole from a previous program, was completed to a depth of 837 m. The drill hole intersected a zone of quartz vein stockwork mineralization related to potassic altered diorite at depth of 458 m, returning 26 m of 0.10% Cu and 0.23 g/t Au, overlain by phyllic alteration from surface. Alteration mapping was completed during Q3-2019 and a zoned alteration pattern was identified at the Orlovo target. Next steps: CSAMT/NSAMT survey total of 7.2 line/km along three profiles and IP-Resistivity geophysics of 14.4 line/km along three profiles were completed to better define the controls of the mineralised system. Follow up drilling is planned for Q4-2019.D-Vein (Bacevica License) “D-Vein” target represents an area containing several Cu-Au quartz veins hosted in propylitic altered andesite, located at the south-eastern part of Bacevica license. Mapping and rock sampling of the veins returned high grade of up to 2% Cu and 7.2 g/t Au. The veins area is interpreted to be related to a porphyry Cu-Au system. Detailed alteration mapping of the area highlighted a zoned alteration pattern. Next Steps: CSAMT/NSAMT survey total of 7.2 line/km along three profiles and IP-Resistivity geophysics of 14.4 line/km along three profiles were completed to better define the controls of the quartz veins and its relation to the zoned alteration system. Follow up drilling is planned for Q4-2019.Vale-Mundoro Projects in Serbia On October 7, 2019, Mundoro announced it had entered into an earn-in agreement with Vale Canada Limited in which Mundoro had granted to Vale an option to earn-in to four of Mundoro’s exploration licenses: Sumrakovac, Osnic, Dubrava and Padina (the “Vale-Mundoro Projects”) located within the TMC in Serbia.  See press release dated October 7, 2019. JOGMEC Generative Alliance In March 2019 Mundoro entered into a Generative Program Agreement (the “Generative Alliance”) in the Republic of Bulgaria with JOGMEC. The purpose of this Generative Alliance is to establish a generative program between Mundoro and JOGMEC, whereby Mundoro will carry out mineral exploration activities in Bulgaria under the direction of a joint Technical Committee with the view to identifying areas of interests that merit additional exploration and/or development work. Upon JOGMEC determining that one or more properties merit additional exploration and/or development work, JOGMEC has the right to establish a joint venture on that property with Mundoro. JOGMEC is sole funding the Generative Alliance. The generative work-in 2019 has identified several prospective regions for Cu-Au and for Pb-Zn for data compilation and assessment. The Company initiated compilation of mineral occurrences, geological maps, satellite imagery, mineral deposits, occurrences, reserves and resources, as well as geophysics, and structural interpretation. Simultaneously, data compilation, field visits and sampling of generated target areas was carried out.  The exploration and targeting work are in progress and will continue with further interpretation of the target areas using the compiled layers of information and data from the field observations.  The generative program will conclude in Q4-2019 with a decision from JOGMEC in Q1-2020. Mundoro Generative Programs and Outlook for Projects Available for Option or Joint Venture The Company has an ongoing target generation program where we evaluate both existing and new target areas. Several target areas in Serbia are currently under review.  The Company has made a number of applications in 2019 for further exploration areas.  Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok, Serbia as well as in Bulgaria. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, one of is optioned to JOGMEC, indirect interests in two licenses are optioned to Freeport-McMoRan Exploration Corporation, four licenses are optioned to Vale and one license, Zeleznik available for third parties to option. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. Sampling, Assaying, QA/QC, and Qualified Person Mundoro’s samples related to the reported results in this press release were collected in accordance with industry best practice standards and the Company’s internal QA/QC procedures which includes systematic inclusion of certified reference materials every 20 samples, blank samples every 20 samples and field duplicates at every 25 samples. All data collected in the field and assay results from the laboratories are routinely verified and entered into an Access database. Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

September 3, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), announces filing unaudited consolidated financial statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posting on the Company’s website at www.mundoro.com. All amounts are in Canadian dollars unless otherwise stated. HIGHLIGHTS FOR Q2-2019 Financial Update Partner funded exploration costs totaled $0.4 million and operator fees earned totaled $0.03 million. Mundoro funded exploration costs for generative programs totalled $0.2 million. Corporate expenses totaled $0.2 million, which includes $0.08 million in corporate governance, $0.03 million in administrative costs, and $0.07 million in corporate communication, and $0.05 million in accounting and audit. Total cash used in operations before changes in non-cash working capital was $0.5 million. Changes in non-cash working capital items totaled $0.2 million, of which a significant component was cash advances of $0.3 million received from earn-in partners. Working capital at June 30, 2019 was $2.0 million with cash comprising $2.6 million. The Company has no debt.EXPLORATION PROGRAMS UPDATE Serbia JOGMEC-Mundoro Project in Serbia On May 1, 2019, the Company announced it had been notified by Japan Oil, Gas and Metals National Corporation (“JOGMEC”), on the  Borsko-Jezero (“Borkso”) license of its decision to undertake the Stage Two Earn-In on the Borsko license under the Earn-In Agreement between Mundoro and JOGMEC (see Mundoro’s press release dated May 1, 2019, at www.mundoro.com). Mundoro has been re-appointed as the Operator for the JOGMEC-Mundoro Project and will receive an operator fee for operating the program. The Year 1 exploration program for the Stage Two Earn-In at Borsko commenced in May 2019 and will focus on completing further geophysics consisting of a gravity survey over the remainder of the Borsko license and further drill testing in the second half of 2019. Borsko Work completed to date at Borsko identified a CSAMT geophysical anomaly over 1.6 km in areal extent which has been partially tested. Drilling has identified that this CSAMT geophysical anomaly appears to be related to advanced argillic alteration (“lithocap”) under cover. The lithocap contains elevated copper-gold-arsenic values indicative of high sulphidation type mineralization, while weak potassic alteration was identified at the bottom of the lithocap suggesting a porphyry source beyond the immediate area drill tested to date. The drill tested hydrothermal alteration system extends 400 m by 800 m with a thickness of 500+ meters and remains open primarily towards the north, west and south. Approximately 2,000 m to the south drilling identified a heavily faulted zone of pyrite-bearing chlorite-smectite-kaolinite alteration in drill hole 18-BJ-19, indicating a possible periphery of another Borsko-type lithocap. Next steps: Upon completion of the gravity survey in August 2019, the Company is preparing for further drilling to be commenced in September 2019 and completion by the end of 2019.Freeport-Mundoro Projects in Serbia The first year 1 under Phase I commenced in October 2018 and included: a drill program of 4778 m of diamond drilling in seven drill holes, which tested four target areas discussed below.   The exploration activity for Q2 2019 focused on completing alteration mapping and initiating geophysics. Data interpretation and potentially further drill testing of targets are planned in the second half of 2019. Highlights from the results of this program reported in Q2-2019 are as follows: Tilva Rosh (Savinac License) This target is a large area of 2.5 km by 1 km of advanced argillic alteration containing epithermal gold mineralization cropping out at surface as observed through trench sampling by Mundoro in 2013 which returned 12 m of 30 g/t gold and 171 g/t silver. Interpretation of drill results suggests the epithermal mineralization is proximal to a copper-gold porphyry system. Drill hole FMSC18006, was collared near this surface gold mineralisation and orientated to drill through the mineralisation. Final depth of drill hole reached 1154.9 m. The drill hole intersected an interval for 263 m of fragmental volcanics from 190 m that displayed patchy kaolinite texture with banded quartz-magnetite-specularite veins, which is suggestive of proximal porphyry source mineralization. A fault zone containing vuggy silica, massive pyrite, barite and patches of sphalerite crosscut the fragmental volcanic and returned an interval of 3 m of 0.18% Cu and 3.22 g/t Au. At depth, the drill hole intersected diorite dykes that contain traces of chalcopyrite mineralization indicating relation to a porphyry source. Patchy texture, with dickite and pyrophyllite was also observed and mapped on surface 300 meters to the north of drill hole FMSC18006 and remains a compelling target for future testing. Next steps: Targeting will continue with IP-Resistivity and CSAMT/NSAMT geophysics after which further drilling can be planned.Markov Kamen (Savinac License) This area is another epithermal target identified by several copper-gold-in-soil geochemical anomalies related to 4 km by 1.2 km zone of argillic and advanced argillic alteration. It is located 2 km south of the Tilva Rosh target. One hole drilled in 2015 at Markov Kamen intersected hydrothermal breccia, massive sulphides and vuggy silica, suggesting high-sulphidation type epithermal mineralisation controlled by northwest structures. Drill hole FMSC18005 was collared at the central portion of the Markov Kamen advanced argillic zone and was drilled sub vertical into a magnetic low anomaly to a depth of 1269.1 m. Drill hole intersected dominantly advanced argillic alteration determined by the presence of strong and pervasive silica intervals and hydrothermal breccias with anomalous gold grades.  The advanced argillic zone remains open down plunge to the south and west beyond the vertical depth of 1200 m, where the drill hole was terminated due to the drill rig capacity. Next steps: Targeting will continue with alteration mapping, IP-Resistivity and CSAMT/NSAMT geophysics after which further drilling can be planned.Prekostenski (Bacevica License) This area is a copper-gold porphyry target identified from geochemical analysis surface sampling which resulted in 55 m of 0.28 g/t gold and 0.21 % copper located in the western portion of the Bacevica license. The exploration work identified chalcopyrite-magnetite mineralisation hosted by potassic altered diorite. Next steps: Detailed mapping, CSAMT/NSAMT and IP-Resistivity geophysics are planned in order to better define the lateral and vertical extension of the mineralised porphyry.Orlovo Brdo (Bacevica License) This target is a broad zone of phyllic alteration of 3 km by 700 m with gold and copper anomalism located at the central portion of Bacevica license. Next steps: Detail mapping, CSAMT/NSAMT and IP-Resistivity geophysics are planned in order to better define the lateral and vertical extension of the mineralised porphyry.MUNDORO Generative Programs in Serbia The Company has an ongoing target generation program where we evaluate both existing and new target areas. Several target areas in Serbia are currently under review.  The Company has made a number of applications in 2019 for further exploration areas. Bulgaria JOGMEC Generative Program Alliance in Bulgaria The generative work in Q2-2019 identified several prospective regions for Cu-Au and for Pb-Zn for data compilation and assessment. The company initiated compilation of mineral occurrences, geological maps, satellite imagery, mineral deposits, occurrences, reserves and resources, as well as geophysics, and structural interpretation. Simultaneously, data compilation, field visits and sampling of generated target areas was carried out.  The exploration and targeting work are in progress and will continue in Q3 with further interpretation of the target areas using the compiled layers of information and data from the field observations. MUNDORO Generative Programs in Bulgaria The Company has applied for various for exploration areas in Bulgaria. The Company through its local subsidiary, has two exploration areas which are awaiting further legal procedures and administrative procedures that are required before an exploration contract can be signed between the local company and the Ministry of Energy. Outlook for Projects Available for Option or Joint Venture Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok, Serbia as well as Bulgaria. Mundoro’s projects available to third parties within the Timok region in Serbia include: Sumrakovac, Osnic,  Zeleznik, Padina and Dubrava; the Company also has various licenses available for optioning in Bulgaria. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, one of is optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and five licenses are available for joint venture. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101.  For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

May 30, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), announces it has filed results for the quarter ending March 31, 2019 (“Q1-2019”). Details of the Company’s financial results are contained in the unaudited consolidated financial statements and Management’s Discussion and Analysis which are available on the Company’s website at www.mundoro.com and on SEDAR at www.sedar.com. Financial results were prepared in accordance with International Financial Reporting Standards, and all amounts are expressed in Canadian dollars unless otherwise stated. Highlights from Q1 2019 Financial Update At March 31, 2019, the Company had $3.1 million in cash and cash equivalents. Exploration expenditures for Q1-2019 totaled $1,368,826 with $940,352 of that amount recovered from option partners. Mundoro is the operator for two Earn-ins and one Generative Program, as such, the Company received operator fees, totaling $101,662 in the first quarter. The remaining expenditures totaling $222,008, include corporate activities for governance, accounting, communications and general and administration costs. Operational Update JOGMEC-Mundoro Projects in Serbia and Bulgaria During the quarter, exploration activities on the Japan Oil, Gas and Metals National Corporation (“JOGMEC”), JOGMEC-Mundoro Project included completion of the third-year exploration program on the Borsko-Jezero (“Borkso”) license in Serbia.  During Q1-2019, the Company completed 2,896 m of drilling as part of the 9,090 m drill program over various targets in the Borsko license. On May 1, 2019, the Company announced it had been notified by JOGMEC of its decision to undertake the Stage Two Earn-In on the Borsko license under the Earn-In Agreement between Mundoro and JOGMEC (see Mundoro’s press release dated May 1, 2019, at www.mundoro.com). As the Operator for the JOGMEC-Mundoro Project, the Company has now commenced the Year 1 exploration program for the Stage Two Earn-In at Borsko. The program will focus on completing further geophysics consisting of a gravity survey over the remainder of the Borsko license and further drill testing in the second half of 2019.  Mundoro is also the Operator for the Generative Program Alliance, which is engaged in ongoing field observations throughout 2019. In Q1-2019, the Company also entered into a strategic alliance with JOGMEC in which Mundoro is carrying out activities in Bulgaria under the direction of a joint Technical Committee with a view to identifying areas of interests that merit additional exploration and/or development work. The activity commenced with data acquisition to create a dataset with multiple layers incorporating historical information including but not limited to, geology, metallogeny, geophysics, alteration, geochemistry, structural analysis and other data. The dataset has been set up in a manner to maximize its use for interpretation to identify exploration targets. Freeport-Mundoro Projects in Serbia During the quarter, Mundoro completed and announced the initial target testing drill program at Savinac and Bacevica licenses (“Freeport-Mundoro Projects”) which is sole-funded by Freeport-McMoRan Exploration Corporation (“Freeport”) as part of the Earn-In Agreement with Freeport, in which Mundoro has granted to Freeport an option to earn-in to the Freeport-Mundoro Projects. This exploration program included initial target testing drill program of 4,778 m over seven drill holes (see Mundoro’s press release dated April 5, 2019, at www.mundoro.com). As the Operator for the Freeport-Mundoro Projects, the Company is focused on completing geophysics, alteration mapping, interpretation and potentially further drill testing of targets in the second half of 2019. Outlook on Third-Party Discussions Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring the Tethyan Belt in Timok, Serbia as well as Bulgaria. The projects available to third parties in Serbia include: the two Timok South licenses, Sumrakovac and Osnic, the relinquished Timok North licenses, Zeleznik, Padina and Dubrava as well as various licenses in Bulgaria. Stock Options Issued The Company issued 1,975,000 stock options to its directors, officers, employees and contractors on May 27, 2019. The stock options were issued in accordance with Mundoro’s Stock Option Plan and are exercisable into common shares of Mundoro at $0.12, being the closing price on the TSX Venture Exchange on May 24, 2019, over a five-year term. About Mundoro Capital Inc.  Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, one of is optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and five licenses are available for joint venture. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

May 1, 2019, Vancouver, BC – Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”) reports that it has been notified by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) of its decision to undertake the Stage Two Earn-In on the Borsko-Jezero (“Borsko”) license under the Earn-In Agreement between Mundoro and JOGMEC.  Mundoro is also pleased to provide an update on the exploration activity under the Company’s option agreements with earn-in third parties. Under the Earn-In Agreement with JOGMEC, Mundoro granted to JOGMEC an earn-in option on four of Mundoro’s Serbian exploration licenses: Dubrava, Padina, Borsko Jezero and Zeleznik located within the northern portion of the Timok Magmatic Complex in northeastern Serbia. Under the terms of the Earn-In Agreement, JOGMEC was required to spend US$4 million to earn-in a 51% interest.  JOGMEC spent US$5.09 million over the course of the Stage One Earn-In, which included US$500,000 in operator fees payable to Mundoro.  JOGMEC has now elected to undertake the Stage Two Earn-In to sole fund exploration on the Borkso license.  If JOGMEC completes the Stage Two Earn-In, JOGMEC will acquire an additional 24% interest in that license by having sole funded exploration and development expenditures of no less than US$32 million over a five-year term.  JOGMEC may choose to cease sole funding at any time.  JOGMEC has notified Mundoro the remaining three licenses: Zeleznik, Dubrava and Padina will be relinquished and revert 100% to Mundoro.  Teo Dechev, CEO & President of Mundoro commented, “Mundoro has benefited from establishing earn-in relationships to fund exploration programs.  As a result of having optionee funded exploration programs, Mundoro conserves cash.  At the end of Q1-2019, the treasury of the Company was approximately C$3.2 million.  Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring the Tethyan Belt in Timok, Serbia as well as Bulgaria.” Update on Exploration Activity under the various Option Agreements JOGMEC-Mundoro Project in Serbia Mundoro has been appointed as the Operator for the JOGMEC-Mundoro Project and will receive an operator fee for operating the program. The Year 1 exploration program for the Stage Two Earn-In at Borsko is scheduled to commence in May 2019 and will focus on completing further geophysics and further drill testing in the second half of 2019. Freeport-Mundoro Project in Serbia Mundoro completed the initial target testing drill program at Savinac and Bacevica licenses, sole-funded by Freeport-McMoRan Exploration Corporation ("Freeport") as part of the Earn-In Agreement with Freeport, in which Mundoro has granted to Freeport an option to earn-in to the Freeport-Mundoro Projects. This exploration program included initial target test drilling of 4,778 meters over 7 drill holes (see Mundoro’s press release dated April 5, 2019 at mundoro.com). The Company is Operator for the Freeport-Mundoro Project and receives an operator fee for operating the program. The program for the remainder of 2019 is focused on completing geophysics, alteration mapping, interpretation and potentially further drill testing of targets in the second half of 2019. JOGMEC Generative Program Alliance in Bulgaria The Company entered into a strategic alliance with JOGMEC in which Mundoro is carrying out activities in Bulgaria under the direction of a joint Technical Committee with a view to identify areas of interests that merit additional exploration and/or development work. The activity commenced with data acquisition to create a dataset with multiple layers incorporating historical information including but not limited to, geology, metallogeny, geophysics, alteration, geochemistry, structural analysis and other data. The dataset has been set up in a manner to maximize its use for interpretation to identify exploration targets. Mundoro is Operator for the Generative Program Alliance and receives an operator fee for operating the program. The generative program is ongoing and will continue throughout 2019. Additional Third-Party Discussions Mundoro continues to have discussions with third parties regarding optioning the Company's available projects. The projects available to third parties include in Serbia: the two Timok South licenses, Sumrakovac and Osnic, the relinquished Timok North licenses, Zeleznik, Padina and Dubrava as well as various licenses in Bulgaria.  About JOGMEC JOGMEC was established in February 2004, following the integration of the former Japan National Oil Corporation (JNOC) and Metal Mining Agency of Japan (MMAJ). It is a corporation under the Japanese Ministry of Economics, Trade and Industry (METI), with a mandate of investing in developing minerals projects worldwide to help secure a stable supply of natural resources for Japanese industry. About Mundoro Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria.  There are eight licenses in Serbia, one of is optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and five licenses are available for joint venture.  In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “promising”, “encouraging” or “continue” or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company’s future strategy and business plan and execution of the Company’s existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro’s assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company’s filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 3, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has entered into a Generative Program Agreement (the “Strategic Alliance”) in the Republic of Bulgaria (“Bulgaria”) with Japan Oil, Gas and Metals National Corporation ("JOGMEC"). The purpose of this Strategic Alliance is to establish a generative program between Mundoro and JOGMEC, whereby Mundoro will carry out mineral exploration activities in Bulgaria under the direction of a joint Technical Committee with the view to identifying areas of interests that merit additional exploration and/or development work. JOGMEC will solely fund the Strategic Alliance.  The term of the generative program under this Strategic Alliance continues until December 31, 2019, subject to extension with consent of both parties.  Upon JOGMEC determining that one or more properties merit additional exploration and/or development work, JOGMEC has the right to establish a joint venture on that property with Mundoro. Teo Dechev, CEO and President of Mundoro commented, “We are very pleased to expand our relationship with JOGMEC for project generation in Bulgaria.  This Strategic Alliance between Mundoro and JOGMEC is a natural progression for further exploration along the Tethyan belt.  Mundoro is pleased to continue to work with JOGMEC which has a strong reputation as a long term, strategic partner in mineral projects globally.  We believe that local knowledge and experience are essential components of operating in a foreign jurisdiction such as Bulgaria, and Mundoro has successfully demonstrated its capacity in this regard by securing exploration contracts and operating two exploration licenses in Bulgaria since 2012.” About Bulgaria Bulgaria has a long-established mineral resources industry that Mundoro believes will provide opportunity for investors with a long-term view into this precious metals belt.  Bulgaria has three mineral belts that comprise the Tethyan Metallogenic Belt: (i) Northern Proterozoic Belt (Balkan Belt); (ii) Central Cretaceous Belt (Srednogorie Belt); and (ii) Southern Tertiary Belt (Rhodopean Belt).  The Srednogorie Belt has copper-gold porphyry and epithermal deposits while the Balkan belt has potential for copper massive sulphide, Pb-Zn and Fe deposits. The Tertiary Belt to south is well known for Pb-Zn polymetallic deposits and more recently for Au epithermal deposits as well as porphyry copper deposits. The Srednogorie Belt hosts the Panagyurishte district where the Bulgaria’s most important porphyry and epithermal Cu-Au deposits are located. Significant examples are Elatsite, Asarel, Medet and Tzar Asen porphyry deposits and the Chelopech, Krassen, Radka and Elshitsa epithermal deposits some of which are active mining operations during the last 50 years.  Currently in production are Elatsite, Asarel and Chelopech. The Rhodopiean Tertiary belt hosts the Madan district which has several Pb-Zn polymetallic replacement deposits in operation. The eastern Rhodopian belt is an emerging belt for low sulphidation epithermal gold deposits with the Chala mine and two developing projects Ada tepe and Rozino. About JOGMEC JOGMEC was established in February 2004, following the integration of the former Japan National Oil Corporation (JNOC) and Metal Mining Agency of Japan (MMAJ). It is a corporation under the Japanese Ministry of Economics, Trade and Industry (METI), with a mandate of investing in developing minerals projects worldwide to help secure a stable supply of natural resources for Japanese industry. About Mundoro Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria.  There are eight licenses in Serbia, four of which are optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and two licenses are available for joint venture.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof, and include the following: (i) completion of the Strategic Alliance expenditures by JOGMEC; and (ii) identification of one or more properties that merit further exploration and completion of a definitive joint venture agreement by the parties for each of those properties. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Timok North Properties, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

December 29, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") has now closed the second tranche of its non-brokered private placement, raising an additional for $1,004,940 through the issuance of 7,444,000 units at a price of $0.135 per unit.  Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire a common share at a price of $0.20 for a term of three years.  The terms of this second tranche are the same as the terms of first tranche private placement closed on November 30, 2017.  No finders fee was paid for the second tranche.  Together with the first tranche, Mundoro has successfully raised an aggregate of $2,322,529.  The proceeds raised will be used towards project exploration, project acquisitions and general working capital. All securities issued in the private placement are subject to a four month hold period expiring on April 21, 2018. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China.  The Company holds eight 100% owned projects in Serbia,the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "would", "could", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include the amount and timing for completion of the private placement. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements,except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements,refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 30, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") has now closed a private placement for $1,317,589 through the issue of 9,759,917 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire a common share at a price of $0.20 for a term of three years. Mundoro has agreed to pay cash finder's fees of $79,538 with respect to the private placement. All securities issued in the private placement are subject to a four month hold period expiring on March 30, 2018. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia,the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "would", "could", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include the amount and timing for completion of the private placement. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements,except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements,refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 24, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") has settled on adjusted terms for the private placement it announced September 29, 2017. Mundoro will now raise proceeds of approximately $1,317,589 through the issue of 9,759,917 units at a price of $0.135 per unit. Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire a common share at a price of $0.20 for a term of three years. The private placement, as revised, is subject to the approval of the TSX Venture Exchange. Closing of the private placement is expected to occur on November 30, 2017. Mundoro has agreed to pay cash finder’s fees of approximately $83,380, representing 7% of the subscription price, in connection with the transaction. All securities issued in the private placement will be subject to a four month hold period, ending March 31, 2018 provided the closing occurs as scheduled. Mundoro expects to use the gross proceeds towards project exploration, project acquisitions and corporate G&A. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", “would”, “could”, "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include the amount and timing for completion of the private placement. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. MUNDORO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT September 29, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce its intention to complete a non-brokered private placement (the "Offering") of up to 8,823,529 units (the "Units") at a price of CDN$0.17 per Unit for gross proceeds of up to CDN$1,500,000. Each Unit will consist of one common share in the capital of the Company (a “Share”) and one-half of one transferable common share purchase warrant (each whole common share purchase warrant, a “Warrant”). Each whole Warrant will be exercisable to acquire one Share at an exercise price of CDN$0.30 per Share for a period of 24 months from the date of issuance, subject to the following acceleration right. If, at any time after the date that is 4 months and one day after the date of issuance of the Warrants, the closing price ofthe Company’s common shares on the TSX Venture Exchange (or such other stock exchange on which the common shares may be traded from time to time) is at or above CDN$0.45 per share for a period of 5 consecutive trading days (the “Triggering Event”), in which event the Company may, within 5 days of the Triggering Event, accelerate the expiry date of the Warrants by giving notice thereof to the holders of the Warrants, by way of news release, and in such case the Warrants will expire on the first day that is 10 business days after the date on which such notice is given by the Company announcing the Triggering Event. The Offering is available to: (i) investors in reliance on exemptions from the prospectus requirement set out in National Instrument 45-106 Prospectus Exemptions; (ii) existing shareholders of the Company in reliance on BC Instrument 45-534 Exemption from prospectus requirement for certain trades to existing security holders and the corresponding blanket orders and rules in the other Canadian jurisdictions (collectively, the "Existing Security Holder Exemption"); and (iii) investors who have received investment advice in reliance on BC Instrument 45-536 Exemption from prospectus requirement for certain distributions through an investment dealer and the corresponding blanket orders and rules in the other Canadian jurisdictions that have adopted the same or a similar exemption from the prospectus requirement (collectively, the "Investment Dealer Exemption"). The Existing Security Holder Exemption is available in each of the provinces and territories of Canada to a person or company who became a shareholder of the Company on or before September 27, 2017 and continues to be a shareholder of the Company, subject to a maximum investment of CDN$15,000 using the Existing Security Holder Exemption in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in the shareholder’s jurisdiction. The Investment Dealer Exemption is available in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick to a person or company who has obtained advice regarding the suitability of the investment from a person registered as an investment dealer in such person’s or company’s jurisdiction. As required by the Existing Security Holder Exemption and Investment Dealer Exemption, the Company confirms there is no material fact or material change relating to the Company that has not been generally disclosed. The Offering is subject to a minimum subscription amount of CDN$850. If the Offering is oversubscribed, unless the Company determines to increase the maximum gross proceeds of the Offering and receives approval from the TSX Venture Exchange for such increase, the Company will allocate the Units issued under the Offering to those subscribers whose subscriptions were first received by the Company. A subscription will be deemed to be received when a completed subscription agreement together with payment of the subscription amount has been received by the Company. Certain insiders of the Company may acquire Units in the Offering. Any participation by insiders in the Private Placement would constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company expects such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, would exceed 25% of the Company's market capitalization. Assuming the entire $1,500,000 Offering is completed, the gross proceeds are expected to be used as follows: Project Exploration $600,000, Project Acquisitions $500,000 and Corporate G&A $400,000. Although Mundoro intends to use the gross proceeds of the Offering as described above, the actual allocation of gross proceeds may vary from the uses set forth above, depending on future exploration activity, capital commitments, additional financing requirements or unforeseen events or opportunities. If the Offering is not fully subscribed for $1,500,000, Mundoro will apply the gross proceeds of the Offering to the above uses in such priority and in such proportions as the Board of Directors and Management of Mundoro determine is in in the best interests of Mundoro. The Company may pay a 7% finder’s fee on a portion of the Offering payable in cash or shares, subject to compliance with the policies of the TSX Venture Exchange and applicable securities legislation. Closing of the Offering is subject to approval of the TSX Venture Exchange. The securities issued under the Offering, and any Shares that may be issuable on exercise of any such securities, will be subject to a statutory hold period expiring four months and one day from the date of issuance of such securities. For access to materials related to the Offering, please visit the Company’s website at www.mundoro.com or contact the Company’s corporate secretary at corporate.secretary@mundoro.com. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". On behalf of the Board, Teo Dechev President, Chief Executive Officer and Director Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this news release. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Cautionary Statement Regarding Forward-Looking Information Certain information contained in this news release constitutes “forward-looking information” or “forward-looking statements” (collectively, “forward- looking information”). Without limiting the foregoing, such forward-looking information includes statements regarding the process and completion of the Offering, the use of proceeds of the Offering and any statements regarding the Company’s business plans, expectations and objectives. In this news release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate” and similar words and the negative form thereof are used to identify forward-looking information. Forward-looking information should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. Forward-looking information is based on information available at the time and/or the Company management’s good-faith belief with respect to future events and is subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond the Company’s control. For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Management’s Discussion and Analysis and financial statements and other documents filed by the Company with the Canadian securities commissions and the discussion of risk factors set out therein. Such documents are available at www.sedar.com under the Company’s profile and on the Company’s website, www.mundoro.com. The forward-looking information set forth herein reflects the Company’s expectations as at the date of this news release and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

MAY 1, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") provides an update to the drilling program at the Company's Borsko Jezero license (“Borsko”) where drilling is ongoing. Borsko is one of the four licenses being sole funded by JOGMEC as part of the JOGMEC-Mundoro option agreement announced in August 2016 (“Timok North Projects”). Borsko is located directly west of the Serbian state-operated producing mines, RTB Group’s Bor copper porphyry mine and the Veliki Krivelj copper-gold porphyry mine, all located in the central portion of the Timok Magmatic Complex (“Timok”). See Figure 1: Borsko Drillhole Locations and Figure 2: Borsko License Location Map. Borsko Drilling Program Update in Serbia Teo Dechev, CEO & President of Mundoro commented, “The Borsko drill program, which began in early February 2017, increased from an initial 600 meters in one diamond drill hole to 2821 meters over three diamond drill holes. We are encouraged by the alteration and mineralization we have identified in the drill core thus far and believe the drilling will provide valuable information for further testing in this license area. Follow up drilling, analysis and interpretation is necessary to assess the viability of this discovery. In addition to the JOGMEC funded drilling at Borsko we look forward to commencing drilling at the Mundoro funded drilling at the Angel gold target in Bulgaria as well as the JOGMEC funded drill program at Zeleznik in H2-2017.” BJ_06: This diamond drill hole ended at a depth of 821.6 m in Target 1. Drill hole BJ_06, which tested one of the newly generated drill targets at Borsko successfully demonstrated that a potentially mineralised system exists under cover. BJ_07: Based on the visual inspection of BJ_06, Mundoro and JOGMEC determined to extend the drill program to further test Target 1 with a follow up drill hole, BJ_07, up to 1300 m. This drill hole is currently at 1198 meters. BJ_08: This diamond drill hole was designed to test Target 2 with a projected depth of 700 m. Based on visual inspection of the core, Mundoro and JOGMEC determined to extend the drilling which stopped at 794 m due to technical difficulty; drilling of this hole is on hold until a new drill rig is mobilized on site to continue drilling. Logging and sampling are ongoing with the anticipation to have assay results with a brief description of mineralization and alteration from all three holes announced in June. For further information on this drill program, please refer to our press releases on March 21, 2017 and February 8, 2017. Angel Vyvoda Drill Program Update in Bulgaria The drill program at Angel Vyvoda (“Angel”) in the Zvezda license in Bulgaria commenced at the end of April with drill results expected in the first half of July. This drill program will test the gold-in-soil geochemical anomalies and the Au-Ag-Sb-As-Mo suit of elements (epithermal) seen in the geochemical survey that cover an area of a 2.7 km x 1.5 km and delineating at least three sets of E-W to NW-SE structures. For further information on this drill program, please refer to our press release on March 6, 2017. Corporate Update The Company announces that Mr. Thomas Wilson has stepped down as Chief Financial Officer (“CFO”) effective April 30, 2017. Joining Mundoro as CFO effective May 1, 2017 is Mr. Anil Jiwani who is contracted through Avisar Chartered Professional Accountants, a chartered accounting firm specializing in providing accounting and financial reporting support to junior resource companies. Avisar has been providing accounting services to Mundoro since September 2016. Teo Dechev, CEO and President of Mundoro commented, "Mr. Jiwani and Avisar bring a streamlined approach to accounting and financial reporting which is well suited to our needs as a junior resource company in the Canadian public markets. On behalf of the Board of Directors, we thank Mr. Wilson for his dedication and significant contributions to Mundoro and wish him well in future endeavours." On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof, and include the following: completion of the earn-in expenditures and options by JOGMEC; and completion of a definitive joint venture agreement by the parties. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Timok North Properties, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release