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  • MUNDORO IDENTIFIES NEW PORPHYRY AND EPITHERMAL TARGETS AT BULGARIA PROJECTS

    SEPTEMBER 16, 2014, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on its exploration activities at its 100% owned Bulgarian properties - Zvezda, Byalo and Chuprene. Recent exploration results have delineated a new porphyry copper–gold target at the Ramadanska Chuka (“RC”) project area within the southwest corner of the Byalo exploration license, a new epithermal gold target at the Angel Voyvoda (“AV”) project area within the Zvezda exploration license and confirmed anomalous copper-gold grades in quartz veins at the Chuprene exploration license. Teo Dechev, CEO and President of Mundoro commented, “The exploration work completed to date by our exploration team to identify these new targets on our three licenses underscores the effectiveness of our exploration programs and ability to generate new discovery opportunities to our shareholders. At RC, the delineation of a new porphyry copper-gold-molybdenum system is being followed up by an Induced Polarization/Resistivity survey in September to refine the drill targets.  At AV, rock sampling of the breccia returned grades from 1.1 g/t gold to 3.33 g/t gold.  A ground magnetic survey is currently underway to delineate the structures.” Byalo The Company started a systematic exploration program comprising stream sediment sampling, rock grab sampling, mapping, soil geochemistry and ground geophysics.  The infill soil sampling program at the RC project area has delineated a new porphyry copper-gold-molybdenum system approximately 650m x 600m in size which is related to a larger advanced argillic alteration lithocap. Rock sampling results returned anomalous copper-gold-molybdenum up to 0.39% copper, 0.55 g/t gold and 587 ppm molybdenum related to quartz stockwork veining and hydrothermal breccia. Soil geochemical sampling results identified a well-defined molybdenum anomaly that haloes a copper-gold central core anomaly and is rimmed by Bi, Te, Pb and Zn. The Company carried out the ground magnetic survey in Q2 2014 over the RC hydrothermal system approximately 5km² in size (2.3 x2.2 km). The survey identified several anomalies including a well-defined magnetic bull’s-eye anomaly that overlaps with the porphyry related copper-gold-molybdenum soil and rock anomalies (see Figure 1). The Company has mobilised a geophysics team to carry out an Induced Polarization/Resistivity survey over the RC porphyry target. The survey includes four lines totalling 10 line km designed to penetrate to 500m in depth. Current exploration at the Byalo license also includes regional soil sampling over an area 8km x 8km (64km²) north and east of RC project area and which was highlighted as anomalous and prospective by the Company’s stream sediment screening program. The RC project area is located 3km west of Chala, a producing epithermal quartz vein gold mine which is hosted in the andesite volcanic rocks part of the Tertiary Volcanic Belt extending from West Turkey through to Northern Greece, Macedonia and western Serbia. The Tertiary Belt is host to numerous producing and developing gold and copper-gold mines and projects. Zvezda The systematic exploration program carried out by the Company covering stream sediment screening, mapping, soil and rock sampling at the Zvezda license resulted in identifying the new Angel Voyvoda (“AV”) project area as prospective for sediment hosted epithermal gold mineralisation. Exploration at the AV project area initially focused on following up anomalous rock-chip samples (up to 2.6 g/t Au) that were reported by prior explorer, Newmont.  Follow up reconnaissance mapping established the presence of mineralised quartz fault breccia which was followed discontinuously for 1.3 km in tertiary marine sediments. Rock sampling of the breccia along three parallel structures returned grades from 1.1 g/t gold to 3.33 g/t gold. Recently completed soil sampling along a focused grid has established continuity along strike of the fault breccias, which identified several WNW-ESE trending zones coincident with mapped orientations of the sampled quartz breccia structures (see Figure 2).   The Company will conduct trenching which will target areas with anomalous gold values in soils that coincide with anomalous gold values reported from mapped quartz breccias as well as targeting linear soil anomalies that are interpreted to be breccia structures which are not exposed at surface. This gold-in-soil anomaly is 2.6km x 2km and is open to the west and southwest. A ground magnetic survey is taking place at the AV project area in September to identify fault structures that are interpreted to be conduits for gold mineralisation in quartz breccias. Another target area in the Zvezda license is the Eplika project area where soil sampling identified a north-west trending gold-in-soil anomaly 3.5km long with reported grades up to 1.55 g/t gold. Reconnaissance mapping identified quartz veins related to the soil anomaly which are immediately south of the Chala gold mine (see Figure 3). Mapping and rock samples returned gold values up to 13.6 g/t gold along a quartz vein zone discontinuously followed for 750 meters. Further mapping has established that faulting across these vein systems may have offset these structures. Prior explorers had reported values up to 8 g/t gold. The Company will sample historical trenches in the vicinity of the reported high grade gold samples in order to establish the continuity and correct dip of the vein system in order to better define drill targets. Chuprene     Mundoro acquired the Chuprene exploration license in July 2014. The Chuprene license is located approximately 175km NW of Sofia and includes numerous copper-gold and gold occurrences and mines hosted in the Palaeozoic Mineral Belt of Bulgaria. The Company has started reconnaissance field work and assessment of the available historical data. Initial work includes surveying, mapping and channel sampling of the known Chuprene copper-gold occurrence which has been exploited since ancient times. Several mineralised quartz vein zones occupying an area 4,000m x 700m have been followed up by initial prospecting in the field.  The vein zones are hosted by an NW-SE trending regional thrust fault system mapped in the northern part of the license for 25km. Initial rock channel sampling included 42 samples collected across the central zone starting from the main adit. Results returned encouraging copper-gold values up to 2.54% Cu and 2.9 g/t Au. Distribution of copper and gold values suggests at least two mineralised pulses: one bearing copper and a second bearing gold following the same fault-vein structures. Work continues with mapping and sampling parallel and sub-parallel vein zones along the fault system hosting the Chuprene occurrence as well as other project areas within the Chuprene license. Sampling and Analysis Procedure All channel and rock intercepts were obtained from continuous channel sampling intervals. All samples are assayed using 50 gram fire assay with atomic absorption finish 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 data base. Soil samples were collected from the “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 30 gram fire assay with atomic absorption finish. The technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., the 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 well-funded, Canadian based company focused on mineral acquisition, exploration and development.  Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific minerals belt which hosts significant Gold-Copper porphyry and related epithermal deposits.  Our strong project pipeline which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • MUNDORO INITIATES DRILLING AT TILVA ROSH PROSPECT IN SAVINAC LICENSE, SERBIA

    June 30, 2014, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update to the ongoing exploration program at the Tilva Rosh gold prospect, located on the Savinac License in northeastern Serbia. Drilling began on June 28th and will be concentrating on the area of the previously reported trenching results, which returned 12m of 30.39 g/t gold and 171.27 g/t silver (see press release dated October 21, 2013).  The Tilva Rosh prospect was outlined by a gold-in-soil anomaly of 600 m by 150 m which was confirmed with follow up trenching in Q4-2013 and Q2-2014.  The Company also completed ground magnetics in Q1-2014.  The Company will be drill testing depth extension of the outcropping epithermal gold mineralization with a total of 1,000 metres.  Results are expected in Q3 2014. Teo Dechev, CEO and President of Mundoro commented, “Initial exploration work at the Tilva Rosh prospect yielded very encouraging results as they demonstrated the potential for near surface, high grade mineralization of a low–sulphidation style system.  The current drill program is designed to test the southern portion of a series of gold-in-soil anomalies spread over 3 km of the broader Tilva Rosh hydrothermal system.  We look forward to updating the market with the drill results and exploration along the broader system.” 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 well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200. Back to News

  • MUNDORO PROVIDES EXPLORATION PROGRAM UPDATE FOR SERBIA

    May 1, 2014, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on its exploration activities at its 100% owned properties in Serbia. The Company completed Ground Magnetic Surveys over three license areas: Savinac, Sumrakovac and Zeleznik, all located in the Timok Magmatic Belt. Teo Dechev, President and CEO commented, “We are very pleased to provide investors with this exploration update.  On the Savinac license, trenching continued at Tilva Rosh, where we previously reported high grade gold results near surface.  The follow up trenches identified continued extension of the mineralization while the geochemical sampling around the area identified new parallel zones.  Our next step at Tilva Rosh will be to drill test the targets.  Work at our Zeleznik license, which sits along the same geological and structural setting as the Majdanpek Mine, highlighted two areas with significant Cu-Au-Mo anomalies which are slated for trenching and drill testing. Mundoro has quickly progressed from compiling an extensive property package in the TMC area within the past two years, to defining a number of near surface mineralized zones, to now drill testing.” Ms. Dechev continued, “As a result of the successful targets identified and future exploration potential in Serbia, we have been approached by various producers and are evaluating joint venturing. We are in active discussions with potential partners for our projects in Serbia. A successful joint venture would provide non‐dilutive access to capital and generate further exploration value. Concurrent to our exploration efforts, we continue to evaluate developed assets closer to production.” Savinac A detailed ground magnetic survey totaling 178 km was completed over an area of 18 sq.km. The survey lines had an east-west orientation and were largely spaced 100 meters (m) apart, with some select lines spaced 50 m apart. The survey was designed to cover the previously confirmed mineralized structural zone (identified by soil and rock geochemical surveys) extending over a strike length of more than 7 km. Analysis of the ground magnetic data defined five anomalous areas of interest. The north-northwest trending magnetic lows are characteristic of the ore controlling structures within the Timok Magmatic Complex. Further analysis suggests that three of these magnetic lows could potentially host mineralization, meriting further exploration. This interpretation is supported by geological mapping of the property. All three of these zones trend north-northwest (and occasionally north-south) and demonstrate demagnetized zones that extend down to between 200 m and 500 m depth. Exploration work continues with detailed mapping, trenching and rock sampling over identified anomalous areas. Follow-up drill testing of selected targets as defined by systematic and multiple exploration data is planned later in the year. Zeleznik The Zeleznik License covers 60 sq.km. and is located at the northern part of the Timok Magmatic Complex. The southern portion of this license continues along strike  and shares the same geological and structural setting as its neighbor, the Majdanpek Copper-Gold porphyry mine, which has a reported resource of 1000 million tonnes @ 0.4-0.8% Cu, 0.25-1 g/t Au (Jelenkovic, 2007).  The anomalies in our license lie directly north of the latest, ongoing northerly extension of the Majdanpek Mine, which has is now some 1,600 meters from our property boundary. Mundoro completed a ground magnetic survey program over the two areas highlighted by significant Cu-Au-Mo in the soil anomalies located at the southern part of the project (see press release from January 13, 2014 for details). Interpretation of the results highlighted that the zone of hydrothermal alteration is characterized by a 600 m to 700 m long, by 600 m wide, magnetic high. Several other local magnetic highs appear to define a ring at the margins of the zone of alteration.  The zone is interpreted to extend down from the surface.   The company is following up with trenching in Q2-2014 and follow on drill testing in H2-2014. Sumrakovac The Sumrakovac License covers 103 sq.km in the southern portion of the Timok Magmatic Complex. The property contains a cluster of underexplored occurrences with the potential for gold-copper porphyry style mineralization. The Company has completed stream sediment screening, rock and soil geochemical sampling and partially competed the reconnaissance mapping. A ground magnetic geophysical survey was completed over 1.5 sq.km area coincident with Cu-Au-Mo geochemical soil anomalies. The results highlighted additional anomalous centers to the east of the known Skorusa Cu-Au porphyry and have been interpreted as possible stockwork related mineralisation.  Interpretation of the geophysical survey results shows: The existence of a major north-south to north-west linear magnetic low defined at the contact between tuffs and argillic altered rocks. The anomaly is 400 to 500 meters deep and dips to the west. In general, north-west magnetic lows are a characteristic feature of the ore controlling structures in the Timok Magmatic Complex. A north-northwest trending magnetic high interpreted as a previously unknown stockwork zone needs additional follow-up, as do the “bullseye” type magnetic anomalies at the eastern end of the known diorite intrusion, which overlap with an area of hydrothermal alteration. This area is highlighted by Cu-Au-Mo soil and stream sediment anomalies. Follow up work on these areas has already begun with detailed mapping of the anomalies in order to better understand them while work continues to identify additional porphyry mineralisation. Rock channel sampling of promising outcrops has also begun. Planned trenching activities over covered areas will be undertaken once the necessary permissions are attained. Sampling and Analysis Ground magnetic surveys were carried out by the Department of Applied Geophysics at the University of Mining and Geology “St. Ivan Rilski”, Sofia, Bulgaria. Geomagnetic data was collected using two magnetometers, created by GEM Systems Inc. The GSM-19T magnetometer model was used as a base station, the GSM-19 model was used as a walking magnetometer, collecting readings continuously along the profiles. Data quality control, analysis and interpretation were carried out by a qualified independent consultant using the MAG3D program for the 3D inversion modeling developed by the University of British Columbia (UBC). The topography was accurately incorporated by using smaller model cells at the surface. The 3D models were visualized as contour maps of magnetic susceptibility along vertical and horizontal slices. This type of presentation facilitates the comparison between geology and geophysics. All trench and rock intercepts were obtained from continuous channel sampling at 2 m intervals. All samples are assayed using 50 gram fire assay with an atomic absorption finish 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 data base. Soil samples were collected from the “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 30 gram fire assay with an atomic absorption finish. The technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., the 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 well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • MUNDORO FILES DECEMBER 31, 2013 YEAR-END FINANCIAL STATEMENTS AND MD&A

    March 17, 2014, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that today it has filed its Annual Audited Financial Statements and the Management Analysis and Discussion for the year ended December 31, 2013. The documents are available on SEDAR at www.sedar.com and on the Company’s website at www.mundoro.com/financials . The Company would also like to announce, in reflection of its on-going commitment to shareholder value, the voluntary cancellation by one of the Company’s officers of 490,000 options at $0.57 with an expiry date of June 22, 2014. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • Mundoro Announces Results of Annual General and Special Meeting of Shareholders

    September 20, 2013, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide the results from its annual general and special meeting of shareholders held on September 17, 2013 in Vancouver, BC (the “Meeting”). At the Meeting, shareholders re-elected all proposed director nominees from the management information circular, Michael Calyniuk, Teo Dechev, John Hoey, Richard Moores, and Michael Sheridan, to serve as directors of the Company for the ensuing year.  Shareholders also passed ordinary resolutions approving the appointment of Ernst and Young LLP, Chartered Accountants as auditors for the ensuing year, and the ratification, confirmation, authorization and approval of the Company's Advance Notice Policy as adopted by the Board of directors on November 8, 2012. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • MUNDORO ANNOUNCES AGM AND FILES MANAGEMENT INFORMATION CIRCULAR

    August 1, 2013, Vancouver, BC - Mundoro Capital Inc. (TSX-V: MUN) ("Mundoro" or the "Company") announces the Annual General and Special Meeting of Shareholders (“AGM”) on September 17, 2013 at 10:00 AM (Vancouver Time) in the Chevalier Room at the Rosedale on Robson Suite Hotel, 838 Hamilton St, Vancouver, British Columbia.  The Management Information Circular, outlining the meeting resolutions and director nominees, has been filed on SEDAR at www.sedar.com and is also available through the Company’s website www.mundoro.com. Mailing of AGM materials commenced on July 31, 2013 to all shareholders of record. WHAT YOU WILL VOTE ON For the 2013 AGM, shareholders will be asked to consider five items of business as follows: Receive the audited consolidated financial statements of Mundoro for the year ended December 31, 2012; Set the Number of Directors; Election of Directors; Appointment and Remuneration of Auditors; and Confirmation and Approval of Advance Notice Policy.HOW TO VOTE Your vote is important – regardless of the number of shares you own, your vote counts!  You can vote by proxy or you can attend the Meeting and vote your shares in person. To ensure that your vote is counted, please take the time to vote before the proxy vote cut-off on Friday, September 13, 2013 at 10:00 am Vancouver Time. For assistance with or questions about voting your shares, please contact Mundoro’s proxy solicitation agent, Laurel Hill Advisory Group, by: Email: assistance@laurelhill.com or Telephone (toll free within Canada or the U.S.):   1-877-304-0211 Telephone (for collect calls outside Canada and the U.S.):  1-416-304-0211 The board and management of Mundoro are committed to enhancing shareholder value by continuing to: advance prospective properties within our district-scale land package on the mineral-rich Tethyan Belt in Southeastern Europe; prudently manage and preserve capital; and engage our experienced regional and corporate team. We have commenced first-phase drilling on our Borsko Jezero property in Serbia and will continue exploration work in Southeastern Europe throughout 2013/2014. Mundoro is also actively evaluating prospective development stage or producing mineral resource properties for investment, acquisition or joint venture. Mundoro encourages our shareholders to vote! ***About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe. Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is uniquely positioned to drive long-term, sustainable growth in order to attain production related cash flow and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • Mundoro Announces Closing of Common Share Private Placement

    July 18, 2013, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Offering”) consisting of 1,550,000 common shares (the “Common Shares”) sold at a price of $0.28 per Common Share to Sheridan Platinum Group Ltd. ("Sheridan Group"). The Offering represents the completion of the strategic investment in the Company by the Sheridan Group that was previously announced in July 2012. As a result of the Offering, the Sheridan Group now holds, directly and indirectly, a total of 5,697,000 Common Shares representing approximately 13.1% of the Company’s issued and outstanding shares and will therefore become a new insider of the Company, as that term is defined in applicable securities laws.  As previously announced, as part of the strategic investment the Sheridan Group has been granted one board seat and has agreed to certain voting and standstill covenants. In connection with the private placement, the Board of Directors of the Company received a fairness opinion from Morrison Park Advisors, Mundoro's independent financial advisor. The net proceeds of the Offering will be used to further advance exploration activities on the Tethyan Belt in Southeastern Europe.  All Common Shares issued in connection with the Offering are subject to a statutory hold period expiring on November 19, 2013. The Offering is subject to receipt of final approval from the TSX Venture Exchange. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe. Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1‐604‐669‐8055.

  • DRILLING UNDERWAY AT MUNDORO’S BORSKO JEZERO PROPERTY NEAR BOR, SERBIA

    July 8, 2013, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) (“Mundoro” or the “Company”) announces that drilling on site has commenced on the 100% owned Borsko Jezero copper-gold property.  Borsko Jezero is located within the Timok Magmatic Complex (TMC), directly west of the Bor Cu-Au Mine and near both the Veliki Krivelj Mine and the Cerovo Mine. Mundoro has 49 kilometers long continuous ground on the TMC and is exploring along various areas of interest in the Borsko Jezero, Savinac, Bacevica and Sumrakovac licenses. Teo Dechev, CEO and President of Mundoro commented, “This first phase scout drill program is initially targeting three main areas within the Borsko Jezero property.  The three main areas have anomalies that were interpreted by regional geophysical data and are completely undercover. This first phase scout drill program is intended to provide the Company with a preliminary understanding of the geology, geologic structure and orientation in order to be used to define a second phase detailed geophysics program and drill program.  The Company will provide an update after all the assay results and interpretations have been completed.” Greenfields exploration in Serbia has gained wider prominence after Freeport McMoRan elected to solely fund their JV with Reservoir Minerals (Timok JV) in August, 2012.  Serbia has an excellent infrastructure with easy access to the national power grid. The region has had a long history of exploration and mining, with modern mining starting in 1903.  However exploration activity was limited until recently as government agencies had been previously focused on mining rather than exploration.  The TMC, which hosts significant Gold Copper (Au-Cu) porphyry deposits such as Bor and Majdanpek in Serbia, is a segment of the Tethyan Metallongenic Belt which stretches from Eastern Europe to Southeast Asia. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director Sampling, Analysis and Qualified Person The technical information of this Press Release has been prepared and approved by Mr. G. Magaranov, P. Geo., the Qualified Person as defined by National Instrument 43-101.  The technical review of the Borsko Jzero Copper-Gold Property in Bor, Serbia was prepared by D. Power-Fardy, P.Geo., EurGeol and Senior Geologist with Watts, Griffis and McOuat Limited, Consulting Geologists and Engineers of Toronto, Canada, and G. Magaranov, P. Geo., EurGeol and Senior Exploration Manager, SE Europe for Mundoro Capital Inc.  Mr. Power-Fardy is independent of Mundoro.  Their review and report are in compliance with Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”) and definitions of the Council of Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) standards. About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe. Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

  • Mundoro Reports Q1-2013 Financials, Corporate Update and Filing of the Technical Report for Borsko Jezero Copper-Gold Property in Serbia

    May 16, 2013, Vancouver, BC – Mundoro Capital Inc. (TSXV:MUN, www.mundoro.com ) (“Mundoro” or the “Company”) announces the following updates: First Quarter 2013 Financial Summary The Company has filed the financial results for the first quarter ended March 31, 2013 (Q1-2013).  This information should be read in conjunction with the Company’s unaudited Financial Statements and the Management Discussion and Analysis, which are available on SEDAR at www.sedar.com.  All dollar amounts are in Canadian dollars unless otherwise stated.  The Company changed its presentation currency from United States dollars (US$) to Canadian dollars (CAD$) effective January 1, 2013.  This was done to better reflect the Company’s business activities and to make it easier for investors to compare the Company’s financial results with its peers within the minerals exploration industry. Commenting on Mundoro’s first quarter results and outlook for 2013, CEO & President Teo Dechev said, “We are very pleased with the exploration progress made to date in Serbia on our projects along the Tethyan Belt,   several of which surround the Bor Mine and are adjacent to the Timok JV Project in the Timok Complex.  The Company continues to exercise discipline in effectively spending our cash on quality projects with good exploration potential.  With the current market conditions and the Company’s cash on hand, Mundoro is also actively evaluating prospective development stage or producing mineral resource properties for investment, acquisition or joint venture. This strategy would add to our existing strong project pipeline, drive long-term, sustainable growth and attain production related cash flow sooner, while enhancing shareholder return.” Mundoro ended the first quarter of 2013 in a strong financial position with $14,918,359 in cash, cash equivalents and short-term investments.  The Company has no debt. The Company recorded a loss for the three months ended March 31, 2013 of $1,209,630 ($0.03 per share), an increase of $256,927 when compared to the loss of $952,703 ($0.03 per share) for the quarter ended March 31, 2012.  The increase in loss is primarily the result of the acceleration of exploration activity in Serbia. Due to the market conditions for mineral resource companies, the Company has reduced its exploration expenditures for 2013. The primary focus of the current work programs is on the exploration properties along the Tethyan Belt in Southeastern Europe. The Mexico exploration program has been reduced to primarily care and maintenance until market conditions improve.  The Company believes there is potential for discovery on this assembled property package; however, due to the market conditions, the Company is pursuing joint venture opportunities for its exploration properties in Mexico as well as other value enhancing transactions for these properties. All properties staked or acquired are evaluated on a quarterly basis as to whether to continue exploration, progress into development, joint venture to another company, or drop the property.  In the first quarter of 2013, the Company applied to drop three properties in Mexico and has dropped two properties in Serbia.  At the end of Q1-2013, the Company held ten properties in Serbia, one in Bulgaria and twelve in Mexico. Subsequent to quarter-end, the Company filed with the Mexican General Bureau of Mines to drop the Hidalgo 1, Hidalgo 2, and Tejamen mining concessions, reducing the total number of properties in Mexico to nine. Corporate Update As part of the strengthening of our management team, in Q1-2013 the Company announced the engagement of a new contract Chief Financial Officer, Thomas Wilson, who brings over 30 years of financial reporting and accounting experience to the Company.  Mr. Wilson replaces a third party accounting services firm which had previously filled this role. The Company announces an addition to the Board of Directors with the appointment Michael Sheridan effective May 15, 2013.  Mr. Sheridan is the nominee of the Sheridan Platinum Group Ltd. (“SPG”), which was granted one board seat with certain voting and standstill covenants as a result of a strategic investment in 2012.  Mr. Sheridan is the President, Chief Executive Officer, director and principal shareholder of Sheridan Brothers Limited Partnership, a Toronto based investment dealer.  Mr. Sheridan has spent his career in the investment industry with a particular focus on the mining sector.  Mr. Sheridan was previously the founder and President of a number of private investment companies that were active in many sectors of the securities trading business.  Mr. Sheridan holds a Bachelor of Arts degree from the University of Western Ontario. The Board of Directors welcomes Michael Sheridan as a Director of the Company. Filing on SEDAR of the Technical Report for Borsko Jezero Copper-Gold Property in Serbia The Company is also pleased to announce that it has filed on SEDAR a Canadian National Instrument 43-101 (“NI 43-101”) compliant technical report for the Company’s 100% owned Borsko Jezero copper-gold property, located in Bor, Serbia.  The Borsko Jezero property is within the Timok Magmatic Complex (TMC) and is situated directly west of the Bor Mine and directly north of the Reservoir/Freeport-McMoRan JV Timok Project (See press release dated April 15, 2013 announcing technical report). The technical report of the Borsko Jezero copper-gold property was prepared by D. Power-Fardy, P. Geo., EurGeol and Senior Geologist with Watts, Griffis and McOuat Limited, Consulting Geologists and Engineers of Toronto Canada and G. Magaranov, P. Geo., EurGeol and Senior Exploration Manager, SE Europe for Mundoro Capital, Inc.  Mr. Power-Fardy is independent of Mundoro.  Their review and report are in compliance with Canadian Securities Administrators’ National Instrument 43-101 and the definitions of the Council of Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) standards. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. 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. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

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