March 21, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that its previously announced 600 meter drill program at the Company's Borsko Jezero license (“Borsko”) has been extended by up to 2220 meters.  Borsko is one of the four licenses being sole funded by JOGMEC as part of the JOGMEC-Mundoro option agreement announced in August 2016. 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”). HIGHLIGHTS The drill program at Borsko, which began in early February, was designed to test one of the  six high priority targets generated by systematic exploration completed by Mundoro in 2016 and defined various copper-gold targets. The drilling program announced in February to test Target 1 with one 600 m drill hole, BJ-06, was extended to 821.6 m due to observations in the drill core. JOGMEC and Mundoro have determined to extend the program by up to 2000 m in order to further test Target 1 with one drill hole up to 1,300 m and test Target 2 with one drill  hole up to 700 m.  These drill meterages are estimates and may change depending on observations during drilling. The first drill hole, BJ-06, has been sampled and assay results are pending from the assay  lab. Mundoro holds approximately $5 mln in cash as of December 31, 2016 and is debt free Teo Dechev, CEO & President of Mundoro commented, “We are encouraged by the alteration and mineralization we are seeing in the drill core thus far at the Borsko license and, along with our partner JOGMEC, believe that these targets merit further drill testing as part of the Year I work program.  In addition to our drilling at Borsko we look forward to the Year II exploration program at Zeleznik later this year as part of the US$1.5 million spend under Year II of the JOGMEC option agreement.” Borsko Drill Program Overview The Borsko drill program is now testing the first two of six targets generated by the 2016 field program (Figure 1 - Location of Borsko Drill Targets).  In Q2-2016 Mundoro carried out a soil sampling program over the central portion of the license to follow up on high copper-gold stream sediment anomalies which could not be explained by previous prospecting and rock sampling. The soil sampling results returned significant copper-gold anomalies which remain open to the north and south. Follow-up field work revealed association of some of the soil anomalies with altered dike contacts, discrete quartz stockwork veinlets and fine grained sulphides related to fault-fracture zones.   In the second half of 2016, the Company conducted ground magnetic and CSAMT geophysics surveys, as well as completed limited trenching over certain soil anomalies. Update Under this drill program which began in early February 2017, the Company completed one diamond drill hole with a total depth of 821.6 m, on Target 1 which was collared on a copper soil anomaly coincident with an argillic altered andesite dyke mapped on surface and a strong resistivity geophysical anomaly.  The originally projected depth for BJ-06 of 600 m was designed to cut across the interpreted north-northwest trending mineralised structure which was also highlighted by anomalous stream sediment and rock sampling as well as interpreted ground magnetic geophysical lineament.  Based on visual evaluation of the drill core, the Company and JOGMEC made the decision to extend the hole by 221.6 meters to a total down hole depth of 821.6 m. Drill hole BJ-06, has been sampled and assay results are pending from the assay lab. The drill hole cut through a package of slightly chloritized volcanic agglomerate to 585 m before entering argillic alteration containing disseminated pyrite increasing at depth. At 612m the drill hole entered pervasively silicified andesite volcanics containing semi-massive pyrite, vuggy silica and breccia zones and drilled through it for 153 m before transitioning to argillic altered partly brecciated volcanics with disseminated to semi-massive pyrite. The drill hole BJ-06 was terminated at 821.6 m in argillic altered volcanics containing disseminated pyrite, anhydrite veins and native sulphur. 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. Follow up drilling, analysis and interpretation is necessary to assess the viability of this discovery. The extended drill program aims to further test Target 1 with a follow up drill hole up to 1300 m as well as drill test Target 2 (Figure 1 - Location of Borsko Drill Targets) with one  drill hole with a projected depth of 700 m. Target 2 is approximately 2.3 km southeast of Target 1 and was generated based on a soil geochemistry anomaly coincident with mapped and interpreted structural features and coincident with a large circular magnetic low anomaly and IP anomaly.  These drill meterages are estimates and may change depending on observations during drilling. Geology of Borsko License Area The Borsko license is located in the Timok Magmatic Complex which is one of the most prolific metallogenic domains in the Tethyan Belt. The geological units in this licence area consist of Upper Cretaceous volcano-sedimentary successions, predominantly andesite and pyroclastics. Generally considered the most prospective geological units, the Phase 1 hornblende porphyry andesite occupies the easternmost boundaries of the Borsko license and dips moderately to southwest under the pyroclastic rocks of the second phase. Next Steps The Company expects to complete the extended drilling program in March 2017 and to release the results around the end of April 2017. Mundoro is in the process of finalizing the work program with JOGMEC for Year II under the JOGMEC-Mundoro option agreement.  This work program is anticipated to begin in April 2017. 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. Sampling and Analysis All rock samples are assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Romania prepared by ALS Bor, Serbia. Quality Assurance and quality control procedures include the systematic insertion of standards and duplicates into the sample streams. Field duplicate samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected in the field and assay results from the laboratories are routinely verified and entered in an Access database. Soil samples were collected from “B” horizon of the soil media by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was collected, sealed and send directly to the ALS laboratory in Bor. Samples were dried at <60°C/140F, sieve sample to -180 micron (80 mesh) and assayed using 30gram fire assay with atomic absorption finish and ME-MS41L - 51 elements by aqua regia acid digestion and a combination of ICP-MS and ICP-AES. 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 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.

March 6, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce a drill rig has been mobilized to the Angel Vyvoda (“Angel”) gold target on the Company's Zvezda license (“Zvezda”).  Zvezda is one of two large and contiguous exploration licenses located in south-eastern Bulgaria in the Rhodopean Region and is part of the Tethyan metallogenic belt. HIGHLIGHTS The drill program at Zvezda  will focus on the Angel gold target generated by systematic exploration completed by Mundoro in 2015 and 2016. This drill program aims to test a gold-in-soil geochemical anomaly coincident with mapped structural trends and covering an area of 2.7 km by 1.5 km. Mundoro holds approximately $5 mln in cash as of December 31, 2016 and is debt free Teo Dechev, CEO & President of Mundoro commented, “We are looking forward to drill test the Angel gold target which our geological team discovered through soil geochemistry, mapping and structural analysis.  Based on the data compiled to date, we believe the Angel gold target may be geologically analogous to the nearby Ada Tepe deposit at the Krumovgrad Project currently under construction by Dundee. We expect to complete drilling by the end of April 2017 and to release assay results around the end of May 2017.” Overview of Angel Gold Target The current drill program will test the gold-in-soil geochemical anomalies in the Zvezda license. A soil geochemical survey highlights a 2.7 km x 1.5 km area anomalous in Au-Ag-Sb-As-Mo suit of elements (epithermal) and delineating at least three sets of E-W to NW-SE structures (Figure 1: Angel Target Gold-in-Soils Geochem Anomaly). The targeted mineralised zone is hosted in Eocene sediments and expressed on surface as discrete fault controlled breccia and veinlets. Gold mineralisation appears to be of low-sulphidation style hosted in Eocene sediments. Rock and soil sampling results returned 1 to 3.3 g/t Au in rock outcrops along three gold bearing structures delineated by soil Au anomalies trending NW from 1.5 km to 2.7 km long. The apparent trend of the anomalies is coincident with the known structural trend in the region. Follow-up fieldwork and interpretation suggests that the broad nature of the anomaly is a result of  steep structures which have transported gold and the associated epithermal suite of elements from a deeper source at the unconformity contact of the Tertiary sediments and host  metamorphic basement unit. Stratigraphy analysis of the area  suggests that the Angel gold target is located at the contact zone of a basal conglomerate unit with the exhumed metamorphic complex.  This is analogous to the nearby Ada Tepe deposit at the  Krumovgrad Project owned by Dundee Precious Metals. The Krumovgrad Project is approximately 60 km away and hosts 478,900 ozs in Measured and 381,000 ozs in Indicated categories (NI 43-101 compliant). The targeted contact between the eocene rocks and basement is projected to be relatively flat-lying and at approximately 150 to 250 meters depth.  This geometry prompted the Company to use RC drilling to rapidly test a broad area cost effectively.  The Company has budgeted approximately 1,700 metres for this drill program. Next Steps The Company expects to complete the drilling on the Angel gold target in April 2017 and to release the results in May 2017. 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. Sampling and Analysis All rock samples are assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Romania. Quality Assurance and quality control procedures include the systematic insertion of standards and duplicates into the sample streams. Field duplicate samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected in the field and assay results from the laboratories are routinely verified and entered in an Access database. Soil samples were collected from “B” horizon of the soil media by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was collected, sealed and send directly to the ALS laboratory in Bor. Samples were dried at <60°C/140F, sieve sample to -180 micron (80 mesh) and assayed using 30gram fire assay with atomic absorption finish and ME-MS41L - 51 elements by aqua regia acid digestion and a combination of ICP-MS and ICP-AES. 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.

February 8, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that a drill has been mobilized to the Company's Borsko Jezero license (“Borsko”) where drilling is expected to commence within a week.  Borsko is one of the four licenses being sole funded by JOGMEC as part of the JOGMEC-Mundoro joint venture announced August 2016. Borsko is located in the central portion of the Timok Magmatic Complex (“Timok”) and is directly west of the Serbian state-operated producing mines, RTB Group’s Bor copper porphyry mine and the Veliki Krivelj copper-gold porphyry mine. HIGHLIGHTS This drill program at Borsko will focus on high priority targets generated by systematic exploration completed by Mundoro in 2016 and defined various copper-gold targets. The current drill program will test the first of six targets with a 600 m drill hole designed to cut across an interpreted mineralised structure defined by a copper soil anomaly coincident with a mapped argillic altered andesite dyke at surface, a strong resistivity geophysical anomaly, and anomalous stream sediment and rock sampling. Mundoro holds approximately $5 mln in cash as of December 31, 2016 and is debt free Teo Dechev, CEO & President of Mundoro commented, “The geophysics in the Borsko license clearly demonstrates the NNW trending structures that have been associated with the main mineralization in the Timok district. With our partner JOGMEC, we are looking forward to drill testing this target as well as the other various targets on the license in 2017.  Mundoro is committed to executing on its strategy to complete a drill program each month in 2017, part of which will be funded by our partner JOGMEC and part of which will be funded by Mundoro’s approved C$2 million budget for 2017.” Overview of Borsko Drill Program The Borsko license is located in the Timok Magmatic Complex which is one of the most prolific metallogenic domains in the Tethyan Belt. The geological units in this licence area consist of Upper Cretaceous volcano-sedimentary successions, predominantly andesite and pyroclastics. Generally considered the most prospective geological units, the Phase 1 hornblende porphyry andesite occupies the easternmost boundaries of the Borsko license and dips moderately to southwest under the pyroclastic rocks of the second phase. The current drill program will test the first of six targets generated by the 2016 field program (Figure 1 - Location of Borsko Drill Targets).  In Q2-2016 Mundoro carried out a soil sampling program over the central portion of the license to follow up on high copper-gold stream sediment anomalies which could not be explained by previous prospecting and rock sampling. The soil sampling results returned significant copper-gold anomalies which remain open to the north and south. Follow-up field work revealed association of some of the soil anomalies with altered dike contacts, discrete quartz stockwork veinlets and fine grained sulphides related to fault-fracture zones. The Company included the Borsko license into the JOGMEC-Mundoro option agreement in August 2016 and then conducted ground magnetic and CSAMT geophysics in the second half of the year.  The Company also conducted limited trenching over some of the soil anomalies.  The current drill program will test the first of six targets and will be collared on a copper soil anomaly coincident with an argillic altered andesite dyke mapped on surface and a strong resistivity geophysical anomaly.  The projected depth of 600 m is designed to cut across the interpreted north-northwest trending mineralised structure which is also supported by the stream sediment and rock sampling. Next Steps The Company expects to complete the drilling on the first target in February 2017 and to release the results around the end of March 2017. Mundoro is in the process of designing the work program with JOGMEC for the second year of work under the JOGMEC-Mundoro option agreement.  This work program is anticipated to begin in April 2017. 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. Sampling and Analysis All rock samples are assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Romania prepared by ALS Bor, Serbia. Quality Assurance and quality control procedures include the systematic insertion of standards and duplicates into the sample streams. Field duplicate samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected in the field and assay results from the laboratories are routinely verified and entered in an Access database. Soil samples were collected from “B” horizon of the soil media by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was collected, sealed and send directly to the ALS laboratory in Bor. Samples were dried at <60°C/140F, sieve sample to -180 micron (80 mesh) and assayed using 30gram fire assay with atomic absorption finish and ME-MS41L - 51 elements by aqua regia acid digestion and a combination of ICP-MS and ICP-AES. 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.

JANUARY 20, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), is pleased to provide an overview of the Company's goals and growth plans for the coming year. Mundoro enters 2017 with approximately C$5,000,000 in cash and no debt. The Company will aim to build on the successes achieved during 2016. The list below outlines some of the key catalysts and corporate growth plans for 2017: Drill results expected in January from the Skorusa porphyry target located in the Sumrakovac license in Mundoro’s South Timok Properties; Exploration work from the ongoing ~C$400,000 (US$300,000) exploration program at the Borsko Jezero license located in the North Timok Properties, funded by partner JOGMEC, has generated targets where a drilling program is anticipated to commence in Q1/2017; ~C$2,000,000 (US$1,500,000) in exploration expenditures is anticipated over the four North Timok Properties (Zeleznik, Borsko, Dubrava and Padina), funded by partner JOGMEC, from April 2017 to March 2018 as per the Amended Option Agreement announced August, 2016; C$2,000,000 in exploration expenditures has been budgeted for calendar 2017 to advance the exploration of the Company's 100% owned projects in Serbia and Bulgaria; Mundoro will continue quality project generation and/or acquisition efforts using its mineral occurrence database to secure key ground in Serbia and Bulgaria. The Company has applied for two additional license areas in Bulgaria in 2016 and will continue this effort into 2017; and At the same time the Company is continuing discussions with groups regarding their interest to earn-in to Mundoro’s existing projects in Serbia and Bulgaria. Mundoro’s President and CEO, Teo Dechev, stated: "We completed 2016 on budget, advanced our portfolio of targets and brought a partner to our North Timok Properties in Serbia. We enter 2017 with a steady flow of catalysts, for advancing existing discoveries and generating new ones in both (i) the North Timok Properties, with our partner JOGMEC, and (ii) the South Timok Properties as well as the Bulgarian properties which are Mundoro’s 100% owned projects. The Company is well-positioned to deliver upside exposure to its shareholders while reducing exploration risk with partners funding exploration work on a part of the project portfolio." Please visit www.mundoro.com to sign up to receive press releases and corporate updates directly to your inbox and to view the Company's latest corporate presentation, project pages, analyst coverage and more. Stock Option Grant The Company issued 938,000 stock options to its directors, officers, employees and contractors on January 18, 2017. The stock options were issued in accordance with Mundoro’s Stock Option Plan and are exercisable into common shares of Mundoro at $0.13 (being the closing price on the TSX Venture Exchange on January 17, 2015) over a five-year term. 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 and generating investment return for its shareholders through directly investing in mineral projects that have the potential for mineral resource discovery or development.  The Company has a diverse portfolio of exploration projects primarily focused on gold and base metals in two European countries, Serbia and Bulgaria, as well as Mexico and potentially North America.  Mundoro (TSX-V:MUN) is funded to pursue it strategy, has a technical team with proven exploration success, a corporate team with established capital markets relationships and a board of directors with a breadth of corporate governance knowledge. 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. 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 North Timok Properties, South Timok Properties, projects, properties, licenses, the Company's future strategy, goals 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.

October 24, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company")  is pleased to report the completion of drilling on the Company's 100% owned exploration licenses, Dubrava and Zeleznik which are located at the central and northern end of the Timok Magmatic Complex (“TMC”) in northeastern Serbia (see Figure 1: Location Map – Timok North Projects). The two exploration licences are under the Option Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation. ("JOGMEC") announced March 7, 2016 and as a result this drilling program was fully funded by JOGMEC.  The 2016 drilling program was designed to test these target areas which had been identified through an interpretation of data collected through a systematic program completed by Mundoro comprising of detailed mapping, geochemistry, alteration mapping, ground geophysics, regional geophysics and drilling results gained from the 2014 drilling program.  The company expects to announce assay results from these eight diamond drill holes in the first half of November 2016. Prior Exploration Work Further to Mundoro’s press release of July 5th, 2016, the drilling program completed a total of 3000 meters over eight drill holes. Three holes were drilled at each of the East Zone and West Zone respectively in the Zeleznik license and two holes were drilled at the Dubrava license. Initial drilling in Q4-2014 at the West Zone and East Zone targets confirmed relation of the surface geochemical anomalies with sulphide mineralisation at depth which remains open along strike at both the West Zone and East Zone.  At the West Zone drilling from Mundoro’s 2014 drilling program intersected several diorite porphyry dikes cutting basement gneiss. The porphyries are potassic altered and contain A-type quartz veins with pyrite-chalcopyrite mineralisation. The veins appear to be inclined eastwards, parallel to and presumably controlled by the gneissic foliation.  At the East Zone, our prior drilling identified andesite-diorite porphyry that cross cut Jurassic limestones and confirmed at depth the presence of anomalous copper-gold values identified from initial reconnaissance surface sampling. Regional stratigraphy, preserved limestone capping and  geochemical signature suggest little erosion at the East Zone and potentially a preserved copper-gold mineralised system which required further exploration drilling along strike and at depth. Initial drilling in Q4-2013 at the Dubrava license demonstrated encouraging signs with an intersection of copper-gold mineralisation in drillhole BJ-04 of 28 m @ 0.2% Cu, 0.25 g/t Au (0.36% CuEq) including 7 m @ 0.5% Cu, 0.69 g/t Au (0.94% CuEq) as well as rock and soil surface geochemical anomalies.  The license is void of outcrop and mostly covered by post-mineral Miocene and Cretaceous sediments. This predetermined reliance on structural interpretation and geophysical exploration methods. At Dubrava around drillhole BJ-04, four closely spaced  IP lines were carried out in order to delineate the copper-gold sulfide mineralisation intersected at depth (approximately 50 meters) as well as to try to locate the controlling hydrothermal breccia structure. 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. Sampling and Analysis All rock samples are assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Romania prepared by ALS Bor, Serbia. Quality Assurance and quality control procedures include the systematic insertion of standards and duplicates into the sample streams. Field duplicate samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected in the field and assay results from the laboratories are routinely verified and entered in an Access database. Soil samples were collected from “B” horizon of the soil media by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was collected, sealed and send directly to the ALS laboratory in Bor. Samples were dried at <60°C/140F, sieve sample to -180 micron (80 mesh) and assayed using 30gram fire assay with atomic absorption finish and ME-MS41L - 51 elements by aqua regia acid digestion and a combination of ICP-MS and ICP-AES. Caution Concerning Forward-Looking Statements Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board 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”, “encouring” 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 the Board 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 8, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has completed a non-brokered private placement financing raising $1,000,000 by the issuance of 8,333,333 units at $0.12 per unit.  Each unit consisted of one common share and a half common share purchase warrant.  Each full warrant entitles the holder to purchase an additional common share at $0.20 for two years.  If, after January 7, 2017, the closing price of the Company’s shares on the TSX Venture Exchange is $0.30 or greater for any period of 15 consecutive trading days, the Company may, by news release issued within five trading days thereof, accelerate the expiry of the warrants to the 21st day after such news release. In order to minimize dilution to existing shareholders, the Company chose not to increase the size of the Offering even though the Offering was oversubscribed.  The Company restricted insiders from participating in order to allocate Units only to new and existing shareholders. All securities issued under the Offering are subject to a restricted resale period under Canadian securities law until January 8, 2017. The Company paid a finder’s fee of 5% cash to Sprott Global Resource Investments, Ltd., for a total fee of $45,000, in respect of subscriptions from investors introduced by them as finders. The Company intends to use the net proceeds of the Offering for the exploration of Mundoro’s 100% owned (i) four South Timok Projects in Serbia as well as (ii) two projects in southeastern Bulgaria. Zeleznik Drilling Update Mundoro announced in June 2016 the commencement of a drilling program, which is fully funded by Mundoro’s joint venture partner JOGMEC, on two of the JOGMEC optioned properties: Dubrava and Zeleznik.  The drilling is expected to be completed around the end of September 2016 with results to be announced in Q4-2016.  In August 2016, Mundoro commenced a detailed soil sampling program over the Central Target area after the encouraging gold results which were released August 16, 2016. 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 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 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", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof, and include the following: the expected use of proceeds of the Offering; and completion of the earn-in expenditures and options by JOGMEC. 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. 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 of America. 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 (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from registration is available.

Not for Distribution to a United States Newswire or for Dissemination in the United StatesAugust 9, 2016, 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  8,333,333 units (“Units”) at $0.12 per Unit (“Offering”). Each Unit comprises 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, subject to an acceleration provision. If, commencing on the date that is four months after the closing date, the closing price of the common shares on the TSX Venture Exchange (the “Exchange”) is higher than C$0.30 for 15 consecutive trading days then on the 15th consecutive trading day (the “Acceleration Trigger Date”) the expiry date of the Warrants may be accelerated to the date that is 20 trading days after the Acceleration Trigger Date by the issuance of a news release announcing such acceleration within five trading days of the Acceleration Trigger Date. 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 September 7, 2016. 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. In connection with the Offering, Mundoro may pay a finder’s fee to certain qualified registrants assisting in the Offering in the amount equal to 5% of the gross proceeds raised by such finders. The Company intends to use the net proceeds of the Offering for the exploration of Mundoro’s 100% owned (i) South Timok Projects in Serbia where Mundoro has three drill ready project areas: (1) Skoursa copper-gold porphyry, (2) Tilva Rosh epithermal system and (3) Markov Kamen copper-gold epithermal system; as well as (ii) Rhodopean projects in southeastern Bulgaria where Mundoro has two drill ready project areas: (1) the Chuka copper-gold porphyry target and (2) the AV sediment hosted epithermal gold target. Mundoro announced in June 2016 the commencement of a drilling program, which is fully funded by Mundoro’s joint venture partner JOGMEC, on two of the JOGMEC optioned properties: Dubrava and Zeleznik.  The drilling is expected to be completed by the end of September 2016 with results to be announced thereafter. 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 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 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: the completion of the Offering; the use of proceeds from the Offering; receipt of any required regulatory approvals; 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. 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).

Release Highlights C$5.1  million in cash at March 31, 2016; sufficient working capital for next two years JOGMEC funding US$1 million for 2016 exploration in Serbia; field season commenced in March 2016May 30, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") ") announces it has filed financial results for Q1-2016 and provides an update on its plan for the 2016 field program. 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 atwww.sedar.com. All amounts are in Canadian dollars unless otherwise stated. Teo Dechev, CEO and President of Mundoro commented, “We are pleased to be partnering with JOGMEC, announced March 7, 2016, to advance the Timok North Projects in Serbia.  JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally.  Our strategic alliance with JOGMEC enables us to advance the projects more rapidly while conserving our treasury for strategic acquisitions. This Agreement, our second strategic partnership in the last twelve months, demonstrates the continued interest in the Tethyan belt and Mundoro’s land package.” Plans Initiated for 2016 Field Program With sufficient cash on hand and committed funds of US$1 million from the JOGMEC Agreement, the Company is well positioned to continue advancing  the Serbian properties.  The JOGMEC Agreement will fund US$1 million in 2016  mainly for geophysics and drilling at the three properties, Zeleznik, Dubrava and Padina during the field season from March 2016 to March 2017. The Company began field operations in mid-March 2016 with a geophysics program including CSAMT, IP and gravity on the Zeleznik, Dubrava and Padina licenses.  A planned 3,000 meter drill program is scheduled to commence in the third quarter of 2016 with results to be provided in the fourth quarter of 2016. Further Joint Venture Prospects The Company continues to have ongoing discussions regarding potential joint ventures for Mundoro’s remaining five Serbian Timok Southern Projects Iicenses: Borsko-Jezero, Savinac, Sumrakovac, Bacevica and Osnic.  Although there are ongoing discussions, the Company cannot provide assurance that a transaction will be concluded as a result of these discussions. Liquidity and Capital Resources At March 31, 2016, we had $5.1 million in cash and cash equivalents. The majority of cash spent in 2015 was on exploration activities for mineral property expenses totaling $1.5 million while the remaining expenditures totaled $0.75 million on corporate activities for governance, accounting, communications and general and administration costs. 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 based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our directors, management and technical staff to invest in mineral projects that have the ability to generate future cash. 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 earn-in expenditures and options by JOGMEC; and (ii) 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.

March 7, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has entered into a binding Interim Agreement ("Agreement") with Japan Oil, Gas and Metals National Corporation. ("JOGMEC"), in which it has granted to JOGMEC an earn-in option on three of Mundoro’s exploration licenses: Dubrava, Padina and Zeleznik (the “Timok North Projects”) located within the Timok Magmatic Complex in northeastern Serbia. Teo Dechev, CEO and President of Mundoro commented, “We are pleased to be partnering with JOGMEC to advance the Timok North Projects in Serbia.  JOGMEC has a strong reputation as a long term, strategic partner in mineral projects globally.  The prolonged down-turn in the capital markets for mineral explorers makes this strategic alliance with JOGMEC beneficial to Mundoro’s shareholders, by enabling us to advance the projects more rapidly while conserving our treasury for strategic acquisitions. This Agreement represents our second strategic partnership in the last twelve months, which demonstrates the continued interest in the Tethyan belt and Mundoro’s land package.” Summary of Earn-In Terms Pursuant to the Agreement, Mundoro has granted to JOGMEC the following earn-in and option rights to the Timok North Projects.  Stage One Earn-in:  JOGMEC may earn a 51% interest in the Timok North Projects by making US$3 million in expenditures within the next two years.  JOGMEC is under a firm commitment to expend US$1 million of this amount within one year (March 7, 2017).  Stage Two Earn-in:  Following the Stage One Earn-in, JOGMEC has a right to acquire an additional 24% interest in the Timok North Projects, for a total of 75% interest, by funding the completion of a Feasibility Study by the eighth anniversary of the Agreement (March 7, 2024). Additional Terms: On completing the Stage Two Earn-In, JOGMEC will have a right, exercisable for a period of 60 days, to purchase an additional 5% interest in the Timok North Projects from Mundoro, for a total of 80% interest.  The purchase price for the 5% interest will be determined by an independent appraisal of fair market value.  JOGMEC will be responsible for future expenditures on the project through to production if it completes Stage Two, including Mundoro’s share of capital expenditures. Mundoro’s portion of capital expenditures shall be repaid from 50% of the cash flow that Mundoro would otherwise be entitled to receive on a pro rata basis from the joint venture.    If either party dilutes below 10%, their interest will convert into a 2% NSR of which up to 1% NSR will be re-purchasable for a total of US$4 million.  Mundoro will be the initial operator of the Timok North Projects.  A management committee has been formed and is comprised of two representatives from each of Mundoro and JOGMEC. The Agreement contemplates that the parties will settle a definitive joint venture agreement to govern the transaction.  The completion of such an agreement is subject to the parties settling all outstanding commercial terms, as well as other conditions, although to the extent that such agreement is not settled then the terms of the Agreement will govern. Mundoro’s Timok North Projects The Zeleznik license is a 60 sq.km area located at the northern end of the Timok Magmatic Complex.  The Zeleznik exploration area falls within the recently discovered sediment-hosted gold belt and is in the immediate vicinity of the producing Majdanpek copper porphyry deposit. First stage drilling on the southern Zeleznik targets, the West Zone and the East Zone, has demonstrated that previously defined surface mineralization, identified through soil sampling and trenching, remains open at depth and along strike at both the target areas. At the West Zone drilling intersected several hornblende-biotite porphyry dikes cutting basement gneiss. The porphyries are potassic altered and the host gneiss is cut by A-type quartz veins and veinlets containing pyrite-chalcopyrite mineralisation. The veins appear to be dipping east, parallel to and presumably controlled by the gneissic foliation. A 25m intercept centered on the early porphyry dyke averages 0.47% CuEq (see press release from January 12, 2015). At the East Zone, drilling and surface sampling has identified significant intersections as: Channel 21: 46m @ 0.36% Cu, 0.56 g/t Au Channel 19: 32m @ 0.34% Cu, 0.42 g/t Au Channel 23: 13m @ 2.60% Cu, 0.13 g/t Au ZELDD_04: 6m @ 0.48% Cu, 0.46 g/t Au ZELDD_05: 81.2m @ 0.22% Cu, 0.23 g/t Au, including 2.8m @ 2.1% Cu, 1.5 g/t Au. ZELDD_06: 4.9m @ 0.82% Cu, 1.00 g/t Au (see press release from January 12, 2015). The Company believes there is good potential for discovery of bulk porphyry mineralization containing high grade sulphide blocks which can boost the overall grade. The Company completed a regional soil sampling reconnaissance program in Q4/15 which has identified new targets at the Northern portion of the Zeleznik license. The results returned a Cu-Au-Mo anomalous area, approximately 800m x 600m in size which requires follow-up work in 2016.  The Company plans to complete an IP and CSAMT surveys in H1/16 to further define the drill targets along the East and West Zones to be followed by a drill program in H2/16. The Dubrava-Ostrelj license is a 51 sq.km area which wraps around the Bor Mine Complex and is 3.5km from the Freeport-McMoran and Reservoir Minerals Cukaru Peki deposit. The license area geology is made up of Upper Cretaceous subduction-related magmatic rocks which are the host rocks of the producing Bor and Majdanpek deposits. The license was screened using stream sediment sampling, reconnaissance mapping and an AMT geophysical survey. One drill hole, BJ-04, tested a target that was interpreted as a structural trend related to the Bor deposits. BJ 04 demonstrated positive results with a Cu-Au mineralized intersection of 28 m @ 0.2% Cu, 0.25 g/t Au (0.36% CuEq.) including 7m @ 0.5% Cu, 0.69 g/t Au (0.94% CuEq.) Subsequent soil sampling, detailed mapping and rock sampling around the BJ-04 collar location highlighted a NW trending geochemical anomaly possibly related to the intersected mineralisation at depth. Subsequent exploration work continued with a regional CSAMT geophysical survey on the southern part of the license which highlighted NE structures cross-cutting the main NW trend and which may have played a role in localizing the mineralisation. The Company plans to conduct further geophysical surveys and detailed mapping in H1/16 in order to better define follow-up drill targets. The Padina license is a 12 sq.km area that is located east of the Bor Mine Complex and contiguous (to the south) to the Dubrava license. The Company completed a CSAMT geophysical survey over the license in order to assess the area and generate drill targets related to the regional Krivelj fault, which is known to control the Veliki Krivelj Cu-Au porphyry orebody.  The Krivelj fault has been interpreted to continue along strike through both the Padina and Dubrava licenses. Results highlighted a resistivity low anomaly 300m to 400m wide which was followed for approximately 3.5km along the Jurassic Limestone basement. An additional IP survey is planned for H1/16 to test for the presence of chargeable areas that can host sulfide mineralization within the fault zone or at its western margin. Further Joint Venture Prospects The Company continues to have ongoing discussions regarding potential joint ventures for Mundoro’s five Timok Southern Projects Iicenses: Borsko Jezero, Savinac, Sumrakovac, Bacevica and Osnic.  Although there are ongoing discussions, the Company cannot provide assurance that a transaction will be concluded as a result of these discussions. Sampling, Analysis and Qualified Person Drillhole orientations were surveyed at approximately 50 meters intervals. Drill core was collected from drill sites by the Company’s geologists and processed and sampled at the Company’s core shed according to industry best practice standard procedures. Samples were collected as half PQ or HQ core at two meters length intervals. Where necessary the sampling lengths were adjusted to reflect the geological boundaries. All samples are assayed using 50 gram fire assay with atomic absorption finish and ME-ICP61 by ALS Romania. The entire sample was crushed to 2mm, then split off a 1 kg sample and pulverized the split to better than 85% passing 75 microns. Quality Assurance and Quality Control procedures include the systematic insertion of standards and duplicates into the sample streams. Duplicate core samples are taken every 25 samples and standards and blanks are inserted after every 20th sample. All data collected from detailed logging and assay results from the laboratories are routinely verified and entered in an Access data base. 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. 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 based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our directors, management and technical staff to invest in mineral projects that have the ability to generate future cash. 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 earn-in expenditures and options by JOGMEC; and (ii) 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.

February 9, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company is pleased to announce the appointment of Mr. Graham Brown to the Board of Directors (the "Board") of the Company. Mr. Brown has 35 years’ experience in mining and exploration as an independent consultant, senior executive and global leader of a highly successful discovery team. His broad experience base includes working on four continents, completing over 100 technical assignments, and covering a range of commodities in over 25 countries. John Hoey, Chairman of Board of Directors commented, “We are pleased Graham is joining the Board with his depth of international experience in the minerals sector. The Company will benefit from Graham’s experience with early stage exploration programs and joint venture operations." Mr. Brown holds a BSc. from the University of Strathclyde, Glasgow and a MSc. from James Cook University, Australia.  He has been a Fellow of the Society of Economic Geologists (“SEG”) since 1999, participated in the Colombia Senior Executives Program in 2004 and the Duke Business Leaders Program in 2007.  He is a past councilor of the SEG and current British Geological Survey industry advisor and Natural History Museum honorary research fellow.  In 2011 he was the co-recipient of the PDAC Thayer Lindsley Award. Mr. Brown  joined  Amax  as  an  exploration  geologist  in  1980 and  worked  on  a  variety  of exploration and mining operations in the Circum-Pacific region.  For a decade Mr. Brown worked as a consultant involved with the exploration and evaluation of a number of major discoveries in both Asia and Europe.  In 1994 he joined  Minorco  as  Chief  Geologist and  served as consultant  to  project  and  acquisition  teams  in  the  Former Soviet Union,  Central African Republic’s,  Middle  East  and Subcontinent. Subsequently he became the region’s Vice President Exploration and, following the Minorco-American Anglo plc merger in 1999, he served as Vice President Geology. In 2003 he was appointed Senior Vice President Exploration and managed geosciences, technical services, and R&D programs. In 2005 he was promoted to Head of Base Metals Exploration and in 2009 he took up the position of Group Head of Geosciences responsible for the governance, over sight and assurance of all aspects of geosciences and exploration activities across the Anglo American Group.  Mr. Brown’s awards and recognition during this period include:  Los Sulfatos (PDAC), Sakatti (FEM) and most successful major base metals explorer (MEG). Exploration  discoveries credited to his team include: Boyongan and Bayugo (Cu-Au) in Philippines, Morro sem Bone and Jacaré (Ni) in  Brazil,  Gamsberg  East (Zn) in  South  Africa,  Gergarub (Zn) in  Namibia, West Wall, San Enrique Monolito and Los Sulfatos (Cu-Mo) in Chile, and Sakatti (Ni-Cu-PGE) in Finland. New Joint Venture Prospects Mundoro has been approached by third parties regarding the opportunity to joint venture the Company’s 100% owned Serbian properties. Although the Company is in active discussions, the Company cannot provide assurance that a transaction will be concluded as a result of these discussions. The ongoing interest in the Company’s exploration properties by third parties demonstrates the exploration potential of these projects. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a Canadian based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our management, technical team and directors to invest in mineral projects that have the potential to generate future returns to shareholders. 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 Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding discussions with companies to partner with or joint venture any of the Company’s exploration projects, expected budgets, activities, events or developments that the Board and/or management 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" 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 the Board 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.

December 18, 2015, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") reports that under the Option Agreement (“Option Agreement”) between Mundoro and First Quantum Minerals (“FQM”), FQM has provided written notice it will not pursue the option to joint venture four of the Company's 100%-owned exploration licenses: Savinac, Sumrakovac, Bacevica and Osnic (the “Southern Timok Properties”) which are located at the southern end of the Timok Magmatic Complex (“TMC”) in northeastern Serbia. Teo Dechev, CEO and President commented, “Mundoro has benefited from the FQM partnership which solely funded a 5,369 meter drilling program on our Southern Timok Properties.  The drilling and geophysics work paid for by FQM has met all of Mundoro’s property commitments on the Southern Timok Properties until 2016 and identified further targets for exploration.  FQM was looking for shallower style targets than those identified through the drilling program.  These deeper targets were recognized by a recent consultant’s report which discussed the alteration style as indicative of a deeper Cu-Au porphyry system. Although the deeper drilling required to test these targets was not consistent with FQM’s target requirements, they do believe there is still good potential at depth. It should be noted the drilled meters (5,369) were distributed across a large land package and therefore not sufficient to test all generated drill targets. Further exploration work is required at the targets newly identified by geophysical and geochemical surveys at Savinac South, Bacevica and Sumrakovac West.” Teo Dechev added, “As a result of having a partner fund exploration work in 2015, Mundoro has conserved its Cash which was as of the end of Q3/15 approximately C$0.14 per share. Valuable new technical data was added without drawing down on Mundoro’s Cash.  Mundoro will continue its focus on establishing joint venture partnerships to fund exploration expenditures in 2016.  Given current weak market conditions, we significantly cut back our corporate expenditures in 2015 and again in the budget for 2016.” New Joint Venture Prospects Mundoro is now able to negotiate with third parties for partnering of the Southern Timok Properties.  Mundoro has been approached by third parties regarding the opportunity to joint venture the Company’s 100% owned Serbian properties. Although there are active discussions, the Company cannot provide assurance that a transaction will be concluded as a result of these discussions.  The ongoing interest in the Company’s exploration properties by third parties validates the exploration potential of these projects. Financial Strength The Company’s cash and cash equivalents and short term investments (“Cash”) as of Q3/15 was C$6 mln which is approximately C$0.14 per share.  Throughout 2015, the Company has spent approximately C$0.01 per share per quarter.  The Company is on track to conclude Q4/15 with an estimated C$0.13 per share in Cash. 2016 Budget The current industry conditions remain challenging for Mundoro and the junior exploration sector in general. Weak commodity prices continue to limit exploration activity in the sector. Mundoro expects weak industry conditions to continue through 2016 unless commodity prices improve. Our limited visibility into conditions in 2016 makes planning and setting budgets challenging. Our planning and budgeting for 2016 is focusing on: (i) minimum expenditures to maintain the projects in good standing while we pursue joint ventures, (ii) seeking opportunities to unlock shareholder value and (iii) minimizing corporate costs. As part of Mundoro’s goal to reduce corporate costs the Board, on December 15, 2015, approved a 30% reduction in the Chief Executive Officer salary and board fees effective January 1, 2016. The Company will continue to closely monitor market conditions and respond accordingly. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a Canadian based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our management, technical team and directors to invest in mineral projects that have the potential to generate future returns to shareholders. 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 Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding discussions with companies to partner with or joint venture any of the Company’s exploration projects, expected budgets, activities, events or developments that the Board and/or management 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" 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 the Board 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.

July 16, 2015, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report drilling has commenced on the Company's 100%-owned exploration licenses, Savinac, Sumrakovac, Bacevica and Osnic (the “Southern Timok Properties”) which are located at the southern end of the Timok Magmatic Complex (“TMC”) in northeastern Serbia (see Location Map of Drilling). Drilling commenced on July 14, 2015 under the Option Agreement between Mundoro and First Quantum Minerals Inc. ("FQM") announced June 8, 2014. FQM has committed to drill a minimum of 5,000 meters on the Southern Timok Properties by October 31, 2015.  This drill program will be focused on testing various copper-gold porphyry systems within the four properties. FQM is sole funding the drilling program which comprises reverse circulation drilling and diamond drilling.  The final number of holes drilled will be dependent on results obtained through the course of the drilling program. Teo Dechev, CEO and President of Mundoro, commented "We believe this drilling program is a good step towards testing various copper-gold porphyry targets over the Southern Timok Properties in the TMC which is a prolific portion of the Tethyan belt with potential to host further discoveries.  For Mundoro shareholders, the funds FQM will spend on drilling and geophysics will allow for more aggressive exploration of the Southern Timok Properties.   The work FQM is conducting will meet near term exploration objectives as well as the required expenditures for each of these licenses.  Mundoro has completed the required expenditures for calendar 2015 for the remaining four licenses available for option.  We continue to have ongoing discussions regarding potential joint ventures for the remaining licenses.  As we are operating in a time of difficult capital markets for mineral explorers, working under this form of partnership enables us to conserve the Company’s treasury while at the same time advance this large suite of projects.  Mundoro ended Q1-2015 with a treasury of $7 million and no debt.” This drilling program is designed to test various copper-gold targets over the Southern Timok Properties.  The targets have been identified through a systematic program completed by the Company comprising detailed mapping, geochemistry, alteration mapping, ground magnetics, regional geophysics and interpretation of limited historical drilling.  The properties and targets to be tested are: The Sumrakovac license:  A 103 sq.km area located 5km southwest of the Bor Mine Complex and is adjacent on the west side to the Freeport/Reservoir Brestocac-Metovnica license which hosts the Cukaru Peki discoverty. The Skorusa Cu-Au porphyry is known from creek exposures of AB-vein quartz stockworks and from historical exploration drill holes completed in the vicinity of the outcrop. Ground magnetic geophysical results highlighted additional anomalous centers east of the known Skorusa Cu-Au porphyry. The initial target area at Skorusa is the northern edge of a domain covering 900m x 500m defined by a molybdenum anomaly in soils, outward from which anomalies of pathfinder elements appear to define a halo. The western margin of the anomaly may reflect cover by post-mineral units, in which case the target could be open to the west. The target area is further broken down into two identified targets: Skorusa East and Skorusa North, which were identified through mapping, geochemistry and ground magnetics. Skorusa East is a soil molybdenum anomaly with a radius of 800 m located immediately east of Skrousa porphyry, and Skorusa North is a molybdenum anomaly with an elongate footprint of 700m x 300 m at the northern limit of detailed sampling. These anomalies are also surrounded by elevated concentrations of volatile metalloid elements (As, Sb, Te, Bi) in the soil. The Savinac license: A 90 sq.km area that is located 15km southwest of the Bor Mine Complex. The property contains a significant area of strong alteration in an approximately 14 sq.km elongated belt which hosts several epithermal Cu-Au prospects marked by Cu-Mo-Ag-Pb-Zn geochemical anomalies. During 2014, the Company discovered the Tilva Rosh zone where drilling intersected 7m @ 7.9 g/t Au; 5m @ 2.54 g/t Au, 0.59 % Cu and 9.1m @1.24 g/t Au, 0.33% Cu.  Approximately 3 km to the north is the Savinac North  target which will be drilled tested during this drilling program. Savinac North is an intensely developed bleached zone that includes phyllic and relict advanced argillic assemblages. Spectral mineralogy on a few scattered outcrop samples yielded consistent high-Aluminium illites and pyrophyllite. The target is highlighted by strong molybdenum soil anomalism which grades southward (and weakly northward) to zones characterised by strong coincident anomalies of Au, As, Sb, Bi, and Te. The discovery opportunity at Savinac is likely for north-striking tabular geometry of blind porphyry mineralisation. This geometry could generate appreciable volumes of mineralised rock and the coarse scattered historic drill pattern does not adequately test for this possibility. The Bacevica license A 148 sq.km area located directly south of the Savinac license. In the current field season the Company has been engaged in additional detailed mapping, rock and soil sampling.  In addition, on June 15, 2015 the Company began a ground magnetics program, which is funded by FQM, and is budgeted for 138 line-km over a 8 km long alteration trend. The drill holes planned for this license area are aimed to test the Bacevica West and Bacevica East targets. Bacevica West is defined by a broad surface geochemical anomaly that accurately maps out the surface bleaching alteration envelope. It consists of two sub-areas: (i) a southern area characterised by advanced argillic alteration that was unsuccessfully drill-tested two decades ago, and a northern area that has no prior drill testing. The target in this section of Bacevica West is defined by surface anomalies of normalised Cu, Mo, coincident with areas depleted of Pb, Zn and Mn, and around which these elements and other volatiles are concentrated. The Bacevica East target is defined by a NNW-elongate alteration zone developed at the western extent of latite intercalation in the TMC. The prospect exhibits a coarse S to N zonation defined by Mn and Zn depletion and Mo enrichment in the central and southern parts, grading to progressively greater enrichment in volatile elements (As, Sb, Te, Bi) in the north. The Osnic license A 74 sq.km area located directly to the east of Sumrakovac and Savinace and approximately 20km south of the Bor Mine Complex. In preparation for the drilling in the second half of 2015, the work program at Osnic will consist of interpretation of geochemical sampling completed to date, followed by ground magnetics in August 2015, and thereafter drill testing. 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 About Mundoro Capital Inc. Mundoro is a Canadian based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our directors, management and technical staff to invest in mineral projects that have the potential to generate future cash. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055x101 Michelle Roth, Roth Investor Relations at +1-732-792-2200 Caution Concerning Forward-Looking Statements Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board 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" 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 the Board 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.