July 5, 2016, 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, 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). Figure 1 - Timok North Projects HIGHLIGHTS 3000 m drill program began July 1 on Timok North Projects Timok North Project work programs sole funded by JV partner JOGMEC Previous drilling and geophysics programs provided high priority targets including: 25.8 m of 0.47% CuEq interval in the West Zone (ZELDD01 from 29.2 m to 55.0 m) 4.9 m of 1.40% CuEq interval in the East Zone (ZELDD06 from 137.4 m to 142.3 m EOH) 2.8 m of 2.98% CuEq interval in the East Zone (ZELDD05 from 26.6 m to 29.4 m) Mundoro maintains a strong treasury and is debt free Teo Dechev, CEO and President of Mundoro commented, “This program will focus on testing three copper-gold porphyry and epithermal systems within the two properties. We believe the drilling program at Zeleznik will further delineate the extent of the copper-gold porphyry identified in the West Zone from the first round of drilling results in January 2015 as well as the massive sulphides identified in the East Zone.  For Mundoro shareholders, the JOGMEC funded exploration activity including drilling and geophysics will allow for more aggressive exploration of the Timok North Projects and bring us closer to identify a resource on the discovery at Zeleznik.   At the end of Q1-2016, Mundoro had a treasury of $5.1 million and no debt.” Drilling commenced on July 1, 2016 under the Option Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation. ("JOGMEC") announced March 7, 2016. Under the terms of the agreement JOGMEC may earn a 51% interest in the Timok North Projects by making US$3 million in expenditures by March 7, 2018.  JOGMEC is under a firm commitment to expend US$1 million of this amount by 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).  The current drill program, which is a part of the Stage One Earn-in and the US$1 million commited expenditure, is being sole funded by JOGMEC and includes this 3000 m diamond drilling program. JOGMEC-Mundoro Drill Program This drilling program is designed to test various copper-gold targets over two of the Timok North Projects.  The final number of holes drilled will be dependent on results obtained through the course of the drilling program.  The targets have been identified through a systematic program completed by the Company comprising of detailed mapping, geochemistry, alteration mapping, ground geophysics, regional geophysics and initial drilling testing.  The properties and targets to be tested are described below. Zeleznik Property The Zeleznik license is a 60 sq.km area located at the northern end of the TMC in northeastern Serbia, 160 km southeast of Belgrade.  Zeleznik directly borders the Majdanpek mining complex to north and is 45 km northwest of the Bor smelter-refinery.  The southern end of the property has several areas of anomalous Cu-Mo-Au geochemical results related to andesite-diorite porphyry intrusions. The western anomaly (“West Zone”) is 600 m x 450 m and is open along strike to the north and south, while the eastern anomaly (“East Zone”) is 300 m x 300 m in outcrop and dips under a limestone cap to the northeast and remains open along strike. Initial drilling at these two target areas has intersected mineralization throughout the drill holes and indicated the systems remain open at depth and along strike at both the West Zone and East Zone. An initial ground magnetic survey was completed over the West Zone and East Zone during the 2015 field season. Additional geophysics surveys consisting of IP-Resistivity and CSAMT-AMT were completed in Q1-2016.  The follow-up surveys comprised 8 profiles lines, each 3200 m long and totalling 25.6 line-km. Both surveys successfully identified drill targets and were used to focus the current drilling program (see Figure 2: Zeleznik Drillhole Location Map). At the West Zone, the phase 1 drilling intersected several porphyry dikes cutting basement gneiss. The intersected porphyries are potassic altered and the host gneiss is cut by A-type quartz veins and veinlets containing pyrite-chalcopyrite mineralisation. A 25.8 m intercept centred on the early porphyry dyke averages 0.47% copper-equivalent (“CuEq”). At the West Zone Cu-Au porphyry system, geophysics results show that the strongest IP chargeability anomalies remain untested at depth as well as highlighting an additional interpreted porphyry target at the northern end of the system. Three drillholes (PH07, PH09 and PH12) totalling 1070 m are planned for the West Zone: PH07 is designed to test the continuation of the stockwork mineralisation and diorite porphyry intersected in ZELDD01, the strong IP anomaly, and the interpreted mineralised structure. The planned depth of 350 m will penetrate through a resistivity high and test the resistivity low anomaly coincident with the strongest IP anomaly in the West Zone. PH09 is planned to a depth of 370 m and designed to test the strong IP anomaly coinciding with moderate resistivity anomaly and the continuation of mineralisation and potassic alteration intersected in ZELDD02. PH12 is designed to test the high resistivity with strong IP near surface phyllic alteration with quartz (overprint) while the IP high with resistivity low anomaly at depth suggests primary mineralisation related to a structure or possibly porphyry stock projected to 700 to 800 m depth in magneto-telluric sections. At the East Zone, all three drillholes from phase 1 drilling intersected andesite porphyry containing massive sulphide blocks with typically 0.3-0.5% Cu and 0.3-0.6 g/t Au; however, one 4.9 m interval at the end of drill hole ZELDD06 (137–142 m) averaged 1.4% CuEq (~1% Cu and 1 g/t Au). A block of gossan after massive sulphide intersected in drill hole ZELDD05 (26–29 m) reported even higher grades of 2.8 m @ 2.98% CuEq (~2% Cu and 2 g/t Au) and is similar to the gossan sampled in proximal road cuts (7.57 g/t Au; 2.65% Cu). The Company believes the drilling and surface sampling work and geophysical interpretations to-date suggest the potential for discovery of bulk porphyry mineralisation containing high grade sulphide blocks formed by carbonate replacement along porphyry-host limestone contact.  The existence of these sulphide blocks is significant in that close analogues to this style of mineralisation demonstrate that the blocks can boost the overall grade of the related porphyry system. Prior drilling on the East Zone has bottomed in mineralisation and requires further testing to depth and along strike. The strongest Cu-Au soil and trench anomalies in the area also remain untested. The IP-resistivity survey highlighted new targets and fault zones which appear to be related to a newly inferred and larger mineralisation center. The regional stratigraphy, preserved limestone cap and epithermal geochemical signature all suggest that little erosion has taken place and the presence of a potentially preserved copper-gold mineralised system beneath.  This geological model requires further exploration drilling along strike and at depth.  Three drillholes (PH08, PH10 and PH11) totalling 1100 m are planned for the East Zone: PH08  is located at the strongest Cu-Au soil anomaly at the East Zone which remained untested from the previous drilling. It is believed that drill hole ZELDD06 tested the margin of the anomaly at a depth of 142.3 m where it intersected brecciated and faulted diorite containing quartz-carbonate-pyrite-chalcopyrite veinlets at upper levels and a brecciated fault zone bearing massive and disseminated pyrite-chalcopyrite mineralization at lower levels. Results from geophysical surveys also show significant low resistivity and moderate IP chargeability related to the surface Cu-Au anomaly capped by highly resistive limestone. The drillhole is projected to a depth of 500 m aiming to intersect the low resistivity anomaly and reach the moderate to high chargeability anomaly. PH10 is designed to test the strongest IP anomaly at the East Zone which is located under the limestone cap. This area is characterized by Sb-As pervasive soil anomaly and spotty Au anomalies which penetrate through the recrystallized limestone. The IP anomaly coincides with a resistivity low and both start at 200 m depth. To date, PH10 will be the northern most drillhole testing the northern extension of the mineralised system under the limestone cap. PH11 is designed to test a strong surface Au-in-soil anomaly and anomalous trench samples which coincide with a prominent resistivity low at depth that extends to 1500 m depth. The resistivity low was determined by the AMT and IP resistivity surveys. There is no detectable IP anomaly at this area however elevated chargeability is directly related to the surface soil anomaly. Dubrava Property The Dubrava license totals 51 sq.km and wraps around the eastern side of the Bor Mine Complex and the Veliki Krivelj open pit mine, and is 3.5 km north from the Cukaru Peki deposit discovered by the Freeport-Reservoir JV.  Mundoro’s exploration work on the Dubrava license has demonstrated very encouraging results of 28 m @ 0.2% Cu, 0.25 g/t Au (0.36% CuEq) in drillhole BJ-04 including 7 m @ 0.5% Cu, 0.69 g/t Au (0.94% CuEq). Since the Dubrava license has no outcrop and is mostly covered by post-mineral Miocene and Cretaceous sediments, the Company has relied on geophysical exploration methods and has completed AMT, CSAMT, IP and gravity surveys over prospective parts of the licence area. In proximity of drillhole BJ04, four closely spaced (~50 m apart) IP lines have been carried out in order to delineate the massive sulfide mineralisation intersected at depth as well as to try to locate the controlling hydrothermal breccia structure (see Figure 3: Dubrava Drillhole Location Map). IP Resistivity and CSAMT surveys at Dubrava have identified two IP/Resistivity anomalies located west of drill hole BJ04.  As such, the following two drill holes are  planned to test these targets: PDUB01 is located 180 m northwest of BJ04 and is designed to test the IP/Resistivity anomaly which starts at 50 m depth and is well defined up to 300 m. This anomaly also encompasses the area of drill hole BJ04 and the intersected sulphide mineralisation. The drillhole aims to test for lateral and depth continuation of this previously intersected mineralisation. PDUB02 is located 430 m west of BJ04 and 270 m southeast of PDUB01. It is projected to test the well expressed IP/Resistivity anomaly. It is open at depth and laterally links with the anomalies to the north at shallower levels. The IP chargeability anomaly overlaps with the resistivity anomaly which makes the target promising for possible relation to a massive sulphide body. 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. 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 state corporation administrated by the Ministry of Economics, Trade and Industry of Japan (METI), with a mandate of developing minerals projects worldwide to help secure a stable supply of natural resources for Japanese industry. 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 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.

August 2, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report that it has entered into an amendment agreement (“Amendment”) to option a fourth property, the Company’s 100% owned Borsko Jezero exploration license, to its partner Japan Oil, Gas and Metals National Corporation ("JOGMEC") with whom Mundoro has an earn-in agreement ("Agreement").  On March 7, 2016 Mundoro announced it had 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 (Figure 1: Timok North Projects). This Amendment will now add a fourth property to the earn-in Agreement with revised terms as described below. Teo Dechev, CEO and President of Mundoro commented, “Mundoro and JOGMEC have been building a strategic partnership and bringing the Borsko Jezero exploration license into the partnership is a natural progression of the relationship given that Borsko Jezero is an extension of the Dubrava license already under option directly to the east.  The Mundoro-JOGMEC land package, as amended, establishes a continuous exploration area in the Timok district which has proven mineral endowment with operations such as the Bor and Veliki Krevali mines as well as the Cukaru Peki deposit.  JOGMEC has proven to be a good partner with the 2016 exploration program well under way on the Timok North Projects.  We look forward to announcing steady news flow as results come in from the various fields programs underway.” Summary of Revised Earn-In Terms Pursuant to the Agreement and Amendment, Mundoro has granted to JOGMEC the following earn-in and option rights to the now four Timok North Projects: Borsko Jezero, Dubrava, Padina and Zeleznik.  Stage One Earn-in:  JOGMEC may earn a 51% interest in the Timok North Projects by making US$4 million (previously US$3 million) in expenditures by March 2019.  JOGMEC is under a firm commitment to spend US$1 million of this amount by March 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 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. Mundoro-JOGMEC Timok North Projects Borsko Jezero License Borsko Jezero is a 34.50 sq.km area located near the central portion of the Timok Magmatic Complex.  The Borsko Jezero exploration license is directly adjacent to the west of the producing Bor copper porphyry mine which is directly west of the Veliki Krivelj copper-gold porphyry mine. During the 2013 exploration program of the Borsko Jezero license, Mundoro completed AMT and Induced Polarization (“IP”) geophysical surveys over re-interpreted regional magnetic geophysical data which generated several promising anomalies. A scout drill program totaling 3,226 m drilled in five holes was completed in 2013.  All holes intersected hydrothermally altered volcanic rocks of various types suggesting proximal or distal location of mineralised sources. Two holes were drilled in the Borsko Jezero and Dubrava corridor BJ-04 (728.3m depth) and BJ-05 (495.3m depth) in order to explore favorable geology and structure along the corridor between the Bor mine to the north and the Cukaru Peki deposit to the south. Drillholes BJ-04 and BJ-05 intersected copper and gold mineralization and copper-gold anomalous intervals related to hydrothermally altered volcanic rocks: Drillhole BJ-04 intersected two styles of Cu-Au mineralization of covellite veinlets and chalcopyrite-pyrite with minor bornite ore clasts. This style of ore clasts is similar to one of the neighboring Bor deposits called “Novo Okno” located approximately 2 km to northwest of BJ-04.  Drillhole BJ-04, starting from 22 m, intersected Cu-Au mineralization 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.) Drillhole BJ-05 intersected mineralized and anomalous gold intervals starting from 377 meters, related to argillic altered andesite containing disseminated pyrite and quartz-carbonate veins and veinlets. Drillhole BJ-05, starting from 377 m, intersected Au mineralization: 1 m @ 1.69 g/t Au; and 11 m @ 0.53 g/t Au Recent follow-up work includes soil sampling at 400m x 200m grid over an area of ~ 20 sqkm located in the central part of the license. This area was previously highlighted with significant Cu-Au stream sediment geochemistry results. Results from 248 collected samples are expected in early August 2016. Zeleznik License Zeleznik 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). Mundoro believes there is good potential for discovery of bulk porphyry mineralization containing high grade sulphide blocks which should improve the overall grade. Current Field Program Mundoro completed an in-fill soil sampling program in Q2/16 which has identified new targets at the Northern portion of the Zeleznik license. The results are follow up to a Cu-Au-Mo anomalous area approximately 800m x 600m in size.  The infill soil geochemistry results are expected to be released in August 2016.  The Company completed IP and CSAMT-AMT surveys in H1/16 to further define the drill targets along the East and West Zones.  The Company expects to commence drilling in the Zeleznik license in August 2016 with drill results to be released in H2/16. Dubrava-Ostrelj License Dubrava-Ostrelj (“Dubrava”) is a 51 sq.km area which wraps around the Bor Mine Complex and is 3.5km from the Freeport-McMoran and Nevsun 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 mineralization 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 mineralization. Current Field Program Mundoro conducted further geophysical surveys and detailed mapping in Q2/16 in order to better define follow-up drill targets.  The Company commenced drilling in the Dubrava license in July 2016 with drill results to be released in H2/16. Padina License Padina 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. 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 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: 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.

August 16, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on exploration results at the Zeleznik Property (“Zeleznik”) which is one of the four subject properties currently being sole funded by JOGMEC as part of the JOGMEC-Mundoro joint venture (see press release August 2, 2016).  Zeleznik is located at the northern end of the Timok Magmatic Complex in northeastern Serbia; the license is north of the state-owned Majdanpek copper-gold mine. Teo Dechev, CEO & President of Mundoro commented, “Mundoro has delineated several gold and copper targets in Zeleznik.  This license now hosts two newly discovered prospective gold zones at the northern portion of the license as well as the advanced, drill defined, West Zone copper porphyry, and East Zone massive sulphides, in the southern portion.  Shareholders can expect news flow over the coming months from both the drilling program currently underway which is designed to further test and delineate the coppery porphyry in the West Zone and the massive sulphides in the East Zone; and from the trenching to follow up these prospective gold zones discovered from the spring sampling program.” Zeleznik Central Target (See Figure 1: Zeleznik Property Target Areas) Mundoro completed further detailed mapping of the entire license area along with rock chip sampling. Several new areas demonstrating hydrothermal alteration assemblages were also discovered in the central portion of the Zelezknik property through this mapping program. The gold mineralisation appears to be hosted within EW fault zones which crosscuts the regional main NS structural trend of the orogenic gold bearing belt that runs parallel to the Timok belt and is associated with very high As, Sb and elevated Ag, Zn and Cu. The Central target area (Figure 1) returned significant gold results including: a channel chip sample grading 9.44 g/t Au; 10.63 g/t Ag over 3 m including 1m @ 15.75 g/t Au; 20.80 g/t Ag a channel chip sample grading 11.75 g/t Au; 10.20 g/t Ag over 1.5 m; a grab sample with 1.88 g/t Au; 1.60 g/t Ag taken from the NS structure This area will also be tested during the upcoming trenching program in the Q4-2016. These encouraging gold rock geochemical results appear to be related to quartz veins hosted within fault zones and indicate possibility for economic vein type gold mineralisation. Further exploration is necessary to reveal whether the gold mineralisation is confined to veins or also appears disseminated within the fault zone and in the host rocks. Zeleznik North Target (See Figure 1: Zeleznik Property Target Areas) At the northern portion of Zeleznik, Mundoro has completed a follow-up soil sampling program where previous results highlighted a gold-molybdenum-copper soil anomalous area approximately 800m x 600m in size. This follow-up soil sampling program infilled sample spacing to a 100m x 50m grid from a previous regional scale soil sampling program. Gold Soils (see Figure 2: Zeleznik North Target – Gold Soil Results) The soil geochemical results have delineated anomalous gold and molybdenum linear features.  The highest gold soil anomaly is up to 0.92 ppm (compared to a background of 0.01 ppm) gold which occurs within a north-south elongated gold-molybdenum anomaly 600m x 300m in size. There are satellite gold-molybdenum soil anomalies around this main centre resulting in an anomalous area of 2km x 1.5km. The gold-molybdenum soil anomalies correlate well with the associated Pb-Zn soil anomalies which are from 100 ppm to 439 ppm (compared to a background of 70 ppm). These encouraging gold soil geochemical results indicate possibility to discover gold mineralisation similar to Blagoev Kamen orogenic vein type gold as it is along strike of it and hosted in the same metallogenic belt, Nereshnica Bejlanica, which borders the Timok belt to west. Copper Soils (see Figure 3: Zeleznik North Target – Copper Soil Results The centres of copper soil geochemical anomalies are elevated up to 111 ppm (compared to a background of 25 ppm) and follow a similar trend and distribution as to the Au-Mo-As and Pb-Zn soil anomalies. A significant arsenic (“As”) anomaly up to 605 ppm (compared to a background of 16 ppm) with a NNE trend is delineated in the central part with values up to 500-600 ppm. There are two additional As soil anomalies to the east trending NW and NE. The As anomaly coincides very well with the trend of the elevated copper and gold values (see Figures 2 and 3).  These very high arsenic and elevated copper soil geochemical results indicate abundance of arsenopyrite typical for the orogenic style gold bearing veins. Elevated copper and lead-zinc anomalies also support poly-metallic character of mesothermal vein mineralisation hosted in metamorphic rocks. Next steps Due to limited outcrop in the northern portion of the Zeleznik property, the soil geochemical results will be followed up with trenching. Mundoro has applied for a trenching permit which is expected to be granted in Q3-2016. Zeleznik West Zone and East Zone Targets Drilling Update Mundoro recently announced a drilling program at the southern end of the Zeleznik property at the West Zone and East Zone targets (See Figure 1: Zeleznik Property Target Areas).  The drilling program will test (i) a porphyry discovery along strike at the West Zone, and (ii) massive sulphide mineralization at the diorite porphyry-limestone contact at depth and along strike at the East Zone (see press release June 5, 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". 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. 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. Qualified Persons The technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., who is a Qualified Person as defined by National Instrument 43-101. Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof, and include the following: completion of the earn-in expenditures and options by JOGMEC; and completion of a definitive joint venture agreement by the parties. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Timok North Properties, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

October 17, 2016, 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 Byalo exploration license which is located in southeastern Bulgaria in the Rhodopean region of the Tethyan metallogenic belt (see Figure 1: Location Map – Byalo and Zvezda Projects) HIGHLIGHTS The Chuka porphyry drill program will include 1000 m Systematic exploration by Mundoro defined the Chuka porphyry copper-gold target with results including: Stockwork  mineralisation with banded quartz veins in an area 200 x 250 m in size outcropping at surface A historical drill hole with reported assay interval of 18.8 m @ 0.42% Cu; 0.108 g/t Au from 25.40 m to 44.20 m Mundoro surface rock sampling from stockwork returned values from single samples up to 0.39% Cu, 0.55 g/t Au and 580 ppm Mo with average 0.158 g/t Au, 35 ppm Mo and 267 ppm Cu from a 200 x 250 m outcrop Mundoro holds approximately $5.5 mln in cash as of September 30, 2016 and is debt free Teo Dechev, CEO and President of Mundoro commented, "Having closed the $1 million private placement in September 2016, we are using these funds to drill test five target areas, the first of which is the Chuka copper-gold porphyry target in Bulgaria. Given the compelling copper-gold-molybdenum soil geochemistry, stockwork viening on surface, trenching results and coincident ground magnetic bulls-eye style anomaly, we believe the current drilling program at Chuka will give us a better understanding of the scale of the porphyry and the controls of mineralization. The Company believes the historical drilling, surface sampling and mapping along with the geophysical interpretations to-date suggest the potential for discovery of bulk porphyry copper-gold mineralisation at Chuka.” The Chuka Drill Program This initial drilling program at Chuka is designed to test the stockwork grade at depth, and determine if there is a transition from sericitic to potassic alteration and correspondingly higher copper and gold grades . The Company plans to drill 1000 meters among three drill holes.  (Figure 2: Chuka Target Drill Hole Locations). The Chuka target has been identified through a systematic program completed by Mundoro comprising of detailed mapping, geochemistry, alteration mapping, ground geophysics, regional geophysics and historic drill testing.  This previous systematic exploration showed strong evidence for porphyry style mineralisation.  Historical drill holes showed molybdenite, chalcopyrite, trace bornite mineralisation in quartz veinlets in the upper levels.  Historic Drill Hole #1018 had a reported assay interval of 18.8 m @ 0.42% Cu; 0.108 g/t Au from 25.40 m to 44.20 m. It is noteworthy that none of the historical drilling reached the potassic core of the system in order to demonstrate primary mineralisation. Soil sampling and alteration mapping show well defined soil geochemical anomalies with porphyry alteration style zoning. A chargeability anomaly is consistent with upper level phyllic (quartz-sericite-pyrite) alteration, while a deeper defined magnetic bulls-eye anomaly could be the preserved mineralised magnetite-bearing potassic alteration. Overview of Byalo License The Chuka target is located in the Byalo license which is a 161 sq.km area located within the Rhodope mountains in southeastern Bulgaria, 250 km southeast of Sofia.  Byalo is contiguous at the south end with Mundoro’s 100% owned Zvezda license.  The two licenses together surround a third-party owned project which is host to an operating gold mine where Mundoro is a small shareholder. Additional Exploration Target in Bulgaria Projects Systematic exploration by Mundoro, and limited historic State drilling , highlighted two targets areas, 1) the Chuka porphyry target currently being drilled, and 2) the Angel Vyvoda ("AV") epithermal gold target, to be drilled upon receipt of drilling approval which is expected in Q4/16. At the AV, target mineralised zones are hosted in Eocene sediments and are expressed on surface as discrete fault controlled breccia and veinlets. Soil geochemical anomalies highlight an area of 2.7 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. Previous work identified low-sulphidation style gold mineralisation hosted in Eocene sediments resembling the Ada Tepe gold deposit. Rock and soil sampling results returned 1 to 3.3 g/t Au in rock outcrops and three gold bearing structures in soil anomalies trending NW from 1.3 km to 2.7 km long. For the AV target, the Company believes the historical drilling, surface sampling and mapping work and geophysical interpretations to-date suggest the potential for discovery of low sulphidation vein style gold mineralisation. 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.

November 4, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company")  is pleased to report assay results from 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.  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. Teo Dechev, CEO and President of Mundoro commented, "We believe the drill results continue to demonstrate the potential for both mineralized copper-gold porphyries as well as massive-sulphide style mineralization at the West Zone and East Zone respectively.    Multiple intercepts assayed over 0.30% Cu over tens of metres demonstrating the potential for a mineralized system.  Mundoro’s technical team is incorporating the new data into our model of the systems and looking forward to developing the follow up drilling program for the spring of 2017.” ZELEZNIK DRILLING RESULTS The 2016 drill program at Zeleznik comprised a total of six diamond drill holes, three at each of the East Zone and West Zone targets respectively (See Figure 2: Zeleznik Drill Hole Location Map). East Zone Drilling The three holes drilled at the East Zone targeted potential strike and depth extensions of copper-gold mineralization identified in previous drill campaigns (See Figure 3: East Zone Drill Hole Location Map).  The true widths of the drill hole intercepts below cannot be determined from the information available at this stage. Drillhole ZELDD08 was sighted on untested copper-gold soil anomaly and directed towards a low resistivity and moderate IP anomaly at 500m depth (Figure 2). The drill hole intersected mineralised andesite: 17.1 m @ 0.32 g/t Au; 0.15% Cu from 50 m to 67.1 m, including 3 m @ 0.62 g/t Au from 54m to 57m and 4m @ 0.37% Cu from 61 m to 65 m. The mineralised interval is related to a fault zone after which the drill hole did not intersect significant results. Drillhole ZELDD11 located 230 m south of ZELDD08 intersected from 120 m to 122.2 m ; 2.2 m @ 0.62 g/t Au; 25.10 g/t Ag; 0.52% Pb; 10.70% Zn related to massive pyrite replacing limestone. Drillhole ZELDD10 located 270 m north of ZELDD08 did not intersected significant mineralisation. Summary East Zone Interpretation The three drill holes drilled at the eastern target demonstrated that the limestone unit is thicker to the east and the best mineralised intersections remain within the upper 200 m. Controlling structures and the andesite/limestone contacts appear to dip to the west. The East Zone remains open laterally to the north and south as well as to the west under a thinner limestone cap.  The limited and widely spaced drilling to-date has furthered the understanding of the target and Mundoro will be performing a detailed interpretation of the drilling results to determine the lateral extent and directions of the various mineralized structures and contacts. The Company believes that this area merits a follow-up program of fence drilling across the entire system. West Zone Drilling The three holes drilled at the West Zone targeted an area where previous drilling identified mineralized diorite porphyry dykes hosted in the basement gneiss unit (See Figure 4: West Zone Drill Hole Location Map).  The aim of the drill program was to gain a better understanding of the dyke geometry, test response of geophysical anomalies, and test the potential for building significant volume of mineralized material. Drillhole ZELDD07 was drilled 100m to east and between drill holes ZELDD01 and ZELDD03 aiming to test the continuation of the mineralisation intersected in ZELDDD01 and strong IP-Resistivity geophysical anomaly. The hole intersected a large interval of pyrite-chalcopyrite mineralisation from 0 to 193.1m hosted in gneissic wall rock cut by several diorite porphyry dikes. The interval contains: 193.1 m @ 0.18% Cu; 0.036 g/t Au, including 16 m @ 0.30% Cu; 0.062 g/t Au from 152 m to 168 m and including 15.2 m @ 0.27% Cu; 0.082 g/t Au from 210.6 m to 225.8 m. Drillhole ZELDD09 was drilled to test a west dipping IP-Resistivity geophysical anomaly. The hole cut low grade pyrite -chalcopyrite mineralisation hosted in gneissic wall rock through its entire length of 368.9m grading 0.12% Cu and 0.020 g/t Au. A few intervals related to A and B type porphyry veinlets returned: 14m @ 0.20% Cu, 0.035 g/t Au from 32 m to 46 m; 3.3m @ 0.35% Cu, 0.046 g/t Au from 76.7 m to 80 m; and 5m @ 0.30% Cu, 0.050 g/t Au from 135 m to 140 m. The drill hole did not intersect porphyry dikes but appears to have been drilled parallel to or near a porphyry dyke. Drillhole ZELDD12 is located 230m north of ZELDD09 and was sighted on a resistivity high coinciding with strong IP geophysical anomalies. The hole intersected quartz-diorite porphyry which is a late mineral porphyry phase suggesting that a multiphase porphyry system exists at the Zeleznik west zone. No significant intersections were returned from this hole. Summary West Zone Interpretation This three hole drilling program supports the interpretation that there is a large volume of low grade halo of mineralisation hosted in gneisses with higher grades related to potassic altered diorite porphyry dikes containing stockwork veining with pyrite-chalcopyrite. The mineralisation remains open in all directions and requires further systematic drill testing based on interpretation of drilling results as well as regional and detailed structural analysis. The Company believes that part of the focus of further exploration work on both target areas should be to locate and better define the higher grade bearing porphyry dikes which would upgrade the lower grade bulk material to potentially minable material. DUBRAVA DRILLING RESULTS The 2016 drill program at Dubrava comprised of two drill holes which targeted under cover IP geophysical anomalies assumed to be related to previously intersected mineralised “pebble dike” in drill hole BJ04 which returned encouraging results (see press releases from October 21, 2013). The two dill holes could not explain the geophysical anomalies. Analysis of drill core suggests that the intersected structures and late mineral quartz porphyry are dipping to west-south-west almost in parallel the direction of the drill holes. The Company will be conducting structural analysis over the central licenses which will be combined with detailed interpretation of all results obtained to date in order to prioritize the next phase of exploration. 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, Analysis and Quality Assurance and Control (QAQC) Drill hole 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 one or two meter lengths from mineralised intervals and three meter lengths from none mineralised intervals. Where necessary the sampling lengths were adjusted to reflect the geological boundaries. All samples are assayed for gold using 50 gram fire assay with atomic absorption finish and ME-ICP61 33 elements four acid ICP-AES by ALS Laboratories in Serbia, Romania and Ireland. 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, blanks 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. 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”, “encouraging” or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and 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.

November 29, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce two key milestones in its current drilling campaigns in Serbia and Bulgaria: (i) commencement of drilling on the Skorusa porphyry target on the Company's 100% owned Sumrakovac exploration license located in the southern half of the Timok Complex in northeastern Serbia (Figure 1: Location Map – Timok South Properties), and (ii) the completion of drilling on the Chuka porphyry-epithermal target on the Company’s 100% owned Byalo exploration license in southeastern Bulgaria.  Assaying of the Chuka drill core is ongoing and is expected to be completed around the beginning of January 2017. HIGHLIGHTS Mundoro holds approximately $5.3 mln in cash, cash equivalents and short term investments as of September 30, 2016 and is debt free The Skorusa porphyry drill program will include 1000 m in three planned drill holes The Skorusa porphyry copper-gold target sampling to date highlights: A zone of well-developed stockwork veining at surface returned a channel sample interval of 23m @ 0.17% Cu and 0.72 g/t Au. Drill results from SDD002 intersected 36m @ 0.19% Cu and 0.21 g/t Au from 291 m depth are consistent with the outcropping stockwork veining. Teo Dechev, CEO and President of Mundoro commented, "Given the copper-gold-molybdenum soil geochemistry, channel sampling results from the stockwork veining on surface, and positive results from drilling in H2-2015, we believe the untested core of the Skorusa porphyry remains an attractive target for copper-gold mineralization.  Commencement of drilling at the Skorusa target in November and completion of drilling at the Chuka target in October represents steady execution of Mundoro’s strategy to systematically develop, prioritise and drill test the targets on our 100% owned projects.” The Skorusa Drill Program The Company has organised to drill 1000 meters over three drill holes in order to improve the understanding of the system and test the target at depth, to the northeast and southwest (Figure 2: Skorusa Target Drill Hole Locations). Table 1 - Summary of proposed drill holes The Skorusa target has been identified through systematic work completed by Mundoro which resulted in the location of a zone with potassic alteration and associated stockwork mineralisation at surface, extending NE-SW for about 210 m along strike, and remaining laterally open to the NE. Highlighted result include 23m @0.72g/t Au and 0.17% Cu obtained from a continuous rock-chip channel sample along the central mineralised zone.  The historical drilling on this portion of the system has not been systematically sampled.  The planned drilled program aims to clarify the currently limited understanding of the controls and depth continuation of the stockwork mineralisation as well as copper-gold grade associated with the potassic alteration. Drill hole STDD002 drilled in H2-2015, collared 250 m to the southwest of the exposed stockwork zone intersected a discrete interval of veined porphyry which assayed 36m @ 0.19% Cu and 0.21 g/t Au from 291 m depth. This intercept, if linked to the main stockwork zone, could represent the southwestern edge of the mineralised zone.  Part of the aim of this drill program is to confirm this interpretation. Further Exploration on the Sumrakovac License Exploration work to date on the Sumrakovac license demonstrates two mineralized centers: Skorusa and Skorusa East.  Prior shallow reverse-circulation holes in Skorusa East intersected hydrothermally altered andesite volcanics interpreted to be part of the larger footprint of a porphyry system. Trace disseminated chalcopyrite and quartz-chalcopyrite-pyrite B-veins were encountered throughout the STRD005 drill hole suggesting existence of a different mineralized center to the east which requires to be followed up. Additional Drill Targets in H1-2017 Having closed the $1 million private placement in September 2016, we are using these funds to drill test five target areas.  The first target at Chuka has been completed, the second target at Skorusa has now commenced and the Company plans to drill approximately an additional 2000 m on two targets at the Timok South Properties in Serbia and approximately 1000 m at the Angel Vivoda epithermal gold target in Bulgaria. 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 purse 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 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 9, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Company's 100% owned Byalo exploration license which is located in southeastern Bulgaria in the Rhodopean region of the Tethyan metallogenic belt (Figure 1: Location Map – Byalo and Zvezda Projects). HIGHLIGHTS The Chuka drill program  included 1000 m in three inclined diamond drill holes. A porphyry unit with stockwork  mineralisation and banded quartz veins outcropping at surface returned a significant copper – gold intersection at depth from drillhole CDD001: 146.5 m @ 0.40% Cu and 0.12 g/t Au (0.48% CuEq); from 66.8 m to 213.3 m; including: 80.5 m @ 0.51% Cu and 0.15 g/t Au (0.61% CuEq); from 74 m to 154.5 m; including: 20.9 m @ 0.72% Cu and 0.11 g/t Au (0.79% CuEq); from 74 m to 94.9 m; Teo Dechev, CEO and President of Mundoro commented, "The Chuka porphyry system is a new discovery by the Mundoro team in this proven mineral belt.  This initial 1000 meter drill program tested the stockwork porphyry mapped at surface and has identified two porphyry phases demonstrating a multiphase system.  We are encouraged by the broad interval of mineralisation intersected in drill hole CDD001 which intersected 146.5 m of 0.48% Cu equivalent down to 213 m which is well within typical depths for open pit operations. Further drilling will be necessary to determine the extent of the stockwork mineralisation which is open in several directions.” Chuka Drilling Results The maiden Q4-2016 drill program at Chuka comprised of three diamond drill holes totaling 1000 m. This initial drilling program was designed to test the stockwork mineralisation grade at depth, and determine if there is a transition from sericitic to potassic alteration and correspondingly higher copper and gold grades (Figure 2: Location Map of Chuka drill holes). These three drill holes were successful in cutting significant copper-gold mineralisation related to intense stockwork veining showing the Chuka system is capable of hosting higher grades. The hydrothermal breccia intersected in the drill holes was not a recognized feature at surface and therefore further drilling is required to investigate how the hydrothermal breccia relates to the  porphyry environment, diatreme or milled fault breccia and if copper-gold grades related to it increase at depth. Recognition of fine grained covellite and chalcocite copper bearing minerals and argillic–phyllic style of alteration suggest the Chuka system maybe part of an epithermal system transitioning to a porphyry system. Further drilling will be necessary to determine the extent of stockwork mineralisation, which is open in several directions and may be displaced by late faulting (Figure 3: Chuka cross section A-A’ and Figure 4: Chuka cross section B-B’). Table 1: Summary of significant results from Chuka drill holes. Gold Equivalent (“AuEq.”) is calculated using the formula AuEq = (g/t/Au)+<(%cu) x (22.0462) x ($/lbcu)> ÷ <(1/31.1035) x ($/ozau)>. Copper equivalent (CuEq%) is calculated using the formula CuEq = (%Cu) + <(g/t/aueq) x (1/31.1035) x ($/ozau)> ÷ <(22.0462) x ($/lbcu)>.    Metal prices used are: gold price of US$1150/oz, copper price of US$2.5/lb. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thickness. Drill hole CDD-001 was collared into the outcropping quartz-sulfide stockwork mineralisation defined through mapping, soil and rock sampling. The drill hole intersected significant copper – gold mineralisation related to strong quartz stockwork veining containing pyrite, chalcopyrite, covellite and chalcocite. The stockwork continues for 213.3 m and is hosted by sericitic altered latite porphyry interpreted as an early mineralising event. Significant intersections are as follows: At 213.3 m the latite porphyry is cut by a late mineral sanidine porphyry which is argillic altered and contains anomalous lead-zinc and gold values without significant mineralisation. At 257.5 m the hole intersected a fault contact and re-entered the latite porphyry however without the intense stockwork mineralisation which may have been shifted due to faulting. Alteration of the latite porphyry after the fault is phyllic-argillic to advanced argillic. Drill hole CDD-002 was drilled 150 m north-east from CDD-001. The drillhole intersected the latite porphyry from 34.8 m to 103.1 m then transitioned to hydrothermal breccia to 212 m and was completed in late mineral sanidine porphyry at 257.8 m. Although no significant copper-gold intervals were intersected, the latite porphyry and the hydrothermal breccia are highly anomalous in copper-gold and especially Molybdenum (Mo). Intersected Mo grades and intervals in this drillhole are significant with single samples returning above 700 ppm Mo. Some high grade Mo intervals include: 79.9 m @ 173 ppm Mo from 36.9 m to 116.8 m; 39.2 m @ 330 ppm Mo from 129.9 m to 169.1 m; and 19 m @ 295 ppm Mo from 178 m to 197 m. Drill hole CDD-003 was drilled as a step back 150 m north-west  from CDD-001. It intersected milled hydrothermal breccia probably after latite porphyry from 17.7 m to the end of the drillhole. The breccia is cut by late mineral sanidine porphyry from 250.9 m to 270 m and from 303.7 m to 355.3 m.  The breccia is carrying copper-gold-molybdenum mineralisation throughout and is also partly anomalous in lead and zinc. The drillhole was bottomed in hydrothermal breccia carrying copper-gold mineralisation after contact of post mineral sanidine porphyry. A few copper-gold intervals are highlighted which illustrate a tendency of increasing grade at depth: Milled breccia after latite porphyry, strongly silicified matrix, random vuggy silica, disseminated pyrite Next Steps Mundoro will continue to build a 3D model of the drilling results and further interpret the drilling database for follow up drilling that would focus on the stockwork porphyry mineralisation and vector to potentially higher grade mineralisation related to potassic alteration at depth or laterally. Chuka sits within a 4 km long alteration trend which is mapped with pervasive alteration at surface and holds potential for a number of mineralized targets for exploration, one of which is Chuka.  The Company will continue to upgrade additional targets for exploration of porphyry and epithermal systems in this alteration trend as well as the broader license area identified in Figure 1. 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 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 drill core 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. 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 30, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report assay results from drilling on the Skorusa target which is in the Company’s 100% owned Sumrakovac exploration license located in the southern half of the Timok Complex in northeast Serbia (Figure 1: Location Map of Sumrakovac License). HIGHLIGHTS The Skorusa drill program included three diamond drill holes totalling 1000 m which encountered a multiphase porphyry system in dominant high-temperature potassic alteration and associated stockwork mineralisation at surface. These drill holes encountered significant gold-copper mineralisation at depth including: 63.4 m @ 0.46 g/t AuEq (0.3g/t Au and 0.11% Cu) from 71.6 m at SUMDD-001; Including: 26.0 m @ 0.68 g/t AuEq (0.47g/t Au and 0.14% Cu) from 73 m 60.0 m @ 0.51 g/t AuEq (0.3g/t Au and 0.14% Cu) from 54 m at SUMDD-002; Including: 28.3m @ 0.61 g/t AuEq (0.33g/t Au and 0.19% Cu) from 85.7 m 72.0 m @ 0.32 g/t AuEq (0.17g/t Au and 0.1% Cu) from surface to 72 m at SUMDD-003. Teo Dechev, CEO and President of Mundoro commented, "We are encouraged with this first pass drill program at Skorusa West.  It has encountered significant near surface intervals of gold mineralisation and gives our geological team valuable information to refine the understanding of this porphyry system.   The mineralisation appears open to the west and our recent data compilation and interpretation has identified several additional drill targets over the Skorusa system as well as a newly identified parallel alteration trend 3 km east of Skorusa and 7 km west of Nevsun’s Cukaru Peki deposit.” Skorusa Drilling Results The Q4-2016 drill program at Skorusa comprised three diamond drill holes totalling 1000 m. The Skorusa target was identified through systematic work completed by Mundoro which resulted in the location of a zone with potassic alteration and associated stockwork mineralisation at surface, extending NE-SW for about 200 m along strike. Continuous rock-chip sampling on surface along the central mineralised zone returned 23m @ 0.72g/t Au and 0.17% Cu.  The historical drilling on this portion of the system was not systematically sampled.  This initial drilling program aimed to clarify the previously limited understanding of the controls and depth continuation of the stockwork mineralisation and associated gold-copper grades (Figure 2: Location Map of the Drill Holes at Skorusa West Target). These three drill holes completed at Skorusa were successful in confirming gold-copper mineralisation related to stockwork veining as a part of a multiphase porphyry system. Three main porphyry phases were identified to date. The porphyry system is intruded into a volcanic host of andesitic composition with mineralised contact zones abutting the porphyry. The mineralisation identified at Skorusa remains open  laterally and vertically down plunge to the WNW. It has been concluded that the recently completed drill holes are most probably representing the eastern boundary of the porphyry stock where a tendency of decreasing grades towards east were observed. Better grades could be expected from the central portion of the stock to the west-northwest and at depth (Figure 3: Skorusa West Target - Cross Section A-A’, Looking NE). Table 1: Summary of significant results from Skorusa drill holes. Gold Equivalent (“AuEq.”) is calculated using the formula AuEq = (g/t/Au)+<(%cu) x (22.0462) x ($/lbcu)> ÷ <(1/31.1035) x ($/ozau)>. Copper equivalent (CuEq%) is calculated using the formula CuEq = (%Cu) + <(g/t/aueq) x (1/31.1035) x ($/ozau)> ÷ <(22.0462) x ($/lbcu)>.    Metal prices used are: gold price of US$1200/oz, copper price of US$2.6/lb. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thickness.Drill hole SUMDD-001 was collared next to the outcropping quartz-sulphide stockwork mineralisation defined through mapping and rock sampling. The drill hole intersected gold-copper mineralisation related to A-type quartz stockwork veining containing pyrite, chalcopyrite and magnetite. The stockwork continues for 156 m from surface and is hosted by moderate to strong potassic (biotite/magnetite) altered diorite porphyry interpreted as an early mineralising event.  At the upper part of the drill hole the mineralised diorite porphyry (Porphyry 1) is cut by a late mineral diorite porphyry (Porphyry 3) and only narrow intervals of high-grade mineralisation are present. At 103 m the drill hole went into the andesite host rock however the stockwork mineralisation extends down hole to 156m. Within the host andesite the copper-gold grade decreases to the end of hole (“EOH”). Drill hole SUMDD-002 was drilled 85 m south-southwest from SUMDD-001. The drillhole intersected diorite porphyry (Porphyry 1) from surface to 130 m with A-type quartz stockwork mineralisation and quartz-diorite porphyry (Porphyry 2) to EOH (370m) with mostly disseminated to veinlet sulphide mineralisation. Steep dipping quartz-pyrite-chalcopyrite B-type veins and magnetite M-type veins were observed at the bottom part of the hole suggestive for a deep source to the west-northwest. Drill hole SUMDD-003 was drilled as a step back 80 m east-northeast from SUMDD-002. It intersected diorite porphyry (Porphyry 1) from surface to 82m with A-type quartz stockwork mineralisation and andesite host rock to the end of the drillhole at 299.8m. The stockwork is carrying gold-copper mineralisation throughout, and shows a tendency of decreasing grade towards the contact of the porphyry stock with host andesite. Discussion and Next Steps The three drill holes of the completed program at Skorusa West were successful in identifying three porphyry phases as well as the important contact with the andesite. Data interpretation suggests that the drill holes were drilled at the eastern contact of the intrusions with the host andesite while the system remains open to the west. The stockwork mineralisation dips to the WNW and was tested at its upper and peripheral parts which are overprinted by phyllic alteration. The Company will continue to model and interpret Skorusa West which is part of a broader 4.5 km by 2 km pervasive alteration trend containing several additional interpreted drill targets which remain untested. The additional drill targets were identified with structural interpretation and alteration mapping (Figure 4: Skorusa Porphyry System Drill Targets).  The Company will prioritise current results and various targets and determine testing either with a partner or with the existing 2017 budget. Adding to the prospectivity of the Sumrakovac license, completed regional exploration and historical data compilation has identified an additional trend of mineral occurrences and hydrothermal alteration located ~ 3 km east of the Skorusa system and ~7 km west of the Cukaru Peki discovery (see Figure 1). This area has had very little exploration in the past, shares the same geology and structural setting and offers further exploration potential within the Sumrakovac license. 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 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 drill core samples are processed and assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Serbia and 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. 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 the 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 2, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the Company has been notified by the Ministry of Energy that Bulgaria Alpha EOD, a 100% subsidiary of the Company, has won the tenders for the Svoboda permit (“Svoboda”) and the Pesnopoy permit (“Pesnopoy”) in Bulgaria. Teo Dechev, CEO and President of Mundoro commented, “We are pleased to have been named the winner of the Svoboda and Pesnopoy tenders.  Before exploration can begin on these two projects, further procedural steps are required before the exploration contracts are signed with the local government which we estimate may be completed by mid-2018.  Part of capital to be raised through the Company’s current C$1.5 million financing will be used to fund project acquisition and exploration of these projects.” Dechev adds “Mundoro continues to advance projects both through direct exploration and strategic partners in joint ventures.  Mundoro completed Q2-2017 with C$3.1 million in cash and cash equivalents and short term investments and no debt.  We are pleased to be working with our joint venture partner in Serbia, JOGMEC, who is funding the drilling at the Borsko and Zeleznik projects in H2/2017.  As well, Mundoro has a portfolio of four projects covering 400 sq.km of the southern half of the Timok magmatic complex in Serbia and a growing package of exploration contracts in Bulgaria. ” Svoboda Project Overview Svoboda is located in the Panagyurishte Region which is  approximately 100 km south-east of Sofia, see Figure 1: Location Map of Projects. Svoboda covers 189 sq.km. (18,900 hectares) of the south-eastern portion of the Panagyurishte Metallogenic Zone (“Panagyurishte”). The Panagyurishte Belt is the most prospective belt for copper and gold porphyry and epithermal high sulphidation deposits in Bulgaria. It is part of the upper Cretaceous Banat-Timok-Srednogorie Belt which hosts a number of economically viable porphyry and epithermal copper and gold deposits such as the: Moldova Nova, Majdanpek, Bor and Chelopech. Figure 1: Location Map of Projects Within Svoboda, there are two identified prospects to date: the Radka high sulphidation copper and gold deposit (“Radka”) and the Red Hill copper and gold prospect (“Red Hill”). Radka The Radka mine was in operation from 1928 to 1993 with total production of 6.4 million tonnes at 1.06% Cu and 3 g/t Au, according to historical records in the Bulgarian National Geological Fund. The Radka deposit is reported to host a historical mineral resource estimates, calculated under the Bulgarian classification system, consisting of 2.02 million tonnes at 0.60% Cu and 0.57 g/t gold (category 221) and 0.27 million tonnes at 0.60% Cu and 0.53 g/t Au (category 222). Red Hill Red Hill is a high sulphidation gold-silver prospect with reported outcropping mineralisation of 2.98 g/t Au and 59 g/t Ag over 20 m hosted in a wider 61.5 m interval averaging 0.59 g/t Au and 10 g/t Ag. The Red Hill deposit is reported to host historical mineral resource estimates, calculated under the Bulgarian classification system, as follows: 50,000 tonnes at 1.42% Cu and 0.60 g/t Au (category 331) and 0.6 million tonnes at 0.76 % Cu and 4.5 g/t Au (category 333). The historical mineral resource estimates at Radka and Red Hill are derived from prior data and reports prepared by the National Geological Survey and held in the Bulgarian National Geological Fund.  The company is not currently able to confirm the dates of the estimates or the key assumptions, methods and parameters used to prepare them.  At this time, Mundoro is not able to determine the reliability of the resource estimates with reference to the standards applicable to CIM-compliant resource estimates, although expects that additional exploration work will be required to enable Mundoro to report some or all of the mineralized material in conformity with CIM resource estimate categories. A Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the issuer is not treating the historical estimates as current mineral resources or mineral reserves. Around Red Hill and Radka, there is pervasive argillic-phyllic altered andesite volcanics containing numerous other copper and gold mineral occurrences. Figure 2: Svoboda Geology, Alteration and Occurrences 1.1 Location, Access and Infrastructure Svoboda is easily accessible by a network of asphalt roads from various directions. It is approximately 110 km or 1.5 hours drive from Sofia, the capital city of Bulgaria.  There are small towns in the immediate area where local labour could be readily obtained for general exploration activities, and there are relatively modern facilities available.  Power could be supplied from the Bulgarian national transmission and distribution system which is close to site. 1.2 Historical Exploration and Exploration Targets Svoboda is situated in the south-eastern part of Panagyurishte which is the most mineralised region of Bulgaria with much evidence of ancient and modern mining activity. The area was actively explored in Soviet style from the 1950’s to 1990’s. More than 150 mineral occurrences have been documented in Panagyurishte, approximately 50 of which fall within Svoboda. There are two exploited mines within the area: Radka, which is a high sulphidation copper and gold deposit and Tsar Assen copper porphyry deposit, which is not part of Svoboda. The Red Hill prospect was explored in the past with 43 drill holes which intersected mineralization from 250 m to 375 m. None of the drill holes were assayed for gold. In 1992-1993, exploration continued with trenching along profile lines at 100 m and 5 additional drill holes were drilled totaling 1,400 meters, which proved the gold potential at Red Hill. Previous exploration activity includes ancient workings, excavation of trenches and exploratory adits, diamond drilling and bulk sampling. The Red Hill prospect and the Radka deposit are the primary targets for exploration. Red Hill The Red Hill prospect has prior trenching and drilling. Although a historical government drilling program did not assay for gold, later exploration proved the high grade gold, silver and copper content which now requires further systematic exploration with trenching and drilling to assess economic potential. Radka The Radka high sulphidation copper and gold deposit has been exploited in the past however significant resources remain which need to be systematically explored to assess economic potential. Other areas Additional around-mine and along-strike potential exists for discovery of new ore bodies of similar type to Radka. The large area of pervasive hydrothermal alteration between the known deposits containing numerous documented copper and gold occurrences adds significantly to the overall prospectivity of. 1.3 District Geology Svoboda is located within the south-eastern portion of Panagyurishte within the Apuseni-Banat-Timok-Srednogorie belt (“ABTS Belt”), Europe’s most extensive belt of calc-alkaline magmatism and copper and gold mineralisation. The ABTS Belt is related to the subduction of the Tethys ocean beneath the European continental margin during the Late Cretaceous phase of the Alpine–Himalayan orogeny.  To date, economic deposits appear to be restricted to certain segments along the belt, and all major porphyry-style and high-sulphidation ore deposits in Bulgaria are aligned on the Panagyurishte corridor, a narrow zone obliquely crossing the ABTS Belt (Albrecht von Quadt et al., 2005). 1.4 Property Geology The geology of the property is dominated by Upper Cretaceous volcanic and intrusive rocks.  The Upper  cretaceous volcanics are predominantly represented by andesite-dacite and andesite-basalt lava flow, volcanic breccias and tuff, alternated with narrow siltstone beds. Diorite and granodiorite porphyry stocks are largely exposed in the southern portion of the property. 1.5 Mineralization and Alteration High sulphidation epithermal copper-gold and gold-silver mineralisation is the most important style in the property. It is hosted in andesite-dacite volcanics which are intensely phyllic-argillic altered. Radka The Radka deposit consists of lens-like massive sulphides and stockwork hosted copper and gold mineralisation made up of chalcopyrite, bornite, chalcocite, covellite and tennantite. Red Hill Red Hill is hosted in a large zone of of advance argillic and phyllic alteration covering at least 3 square kilometers. This alteration zone is host to a number of small vuggy silica-enargite bodies and quartz-stockworks related to a large breccia body. The breccia is host of massive silica-barite replacement lenses up to 50 m x 15 m in size with reported grades up to 2.5 g/t Au and 59 g/t Ag from rock samples. Porphyry copper-gold mineralization has been the primary target for historic exploration efforts. This resulted in the discovery and mining of the Tsar Assen copper porphyry deposit. Pesnopoy Project Area Pesnopoy is located in the Tertiary Eastern Rhodopean Metallogenic Region of Bulgaria and is approximately 200 km south-east of Sofia, see Figure 1: Location Map of Projects. The East Rhodopean Belt is host to at least 10 documented low sulphidation epithermal occurrences and deposits with Ada Tepe, Chala and Rosino being the most important and the most thoroughly investigated. The mining activity in the region dates back to prehistoric times. Pesnopoy covers 35.95 sq.km (3595 hectares) of the north-western portion of the Tertiary East Rhodopean Belt. Within Pesnopoy there is one known gold occurrence, Rusalsko, which was partly explored by a local private company in the past. 2.1 Historical Exploration and Exploration Targets Pesnopoy has not been actively explored in the past. Several state run mapping campaigns were carried out in the region. The main target for initial exploration will be the Rusalsko gold occurrence on Pesnopoy. The Rusalsko gold occurrence is located in the center of Pesnopoy and is described as epithermal low sulphidation. It covers a wide area of alteration more than 500 m long and 300 m wide, elongated in a NW direction. Central part of the altered zone is completely silicified and brecciated at some parts containing pyrite, arseno-pyrite and hematite. It reportedly contains up to 1 g/t Au in single rock samples. West of Rusalsko is an area of advanced argillic alteration which is reported at 1000 m long and 400 m wide and related to brecciated latite volcanics. 2.2 Location, Access and Infrastructure Pesnopoy is located 25 km from the town of Kardjali. Local labour could be readily obtained for general exploration activities, and there are relatively modern facilities available from which to conduct field programs. Local towns are connected with a network of asphalt roads and can be reached by highway from Sofia with approximately 3 hours driving. 2.3 Regional Geology Pesnopoy region is part of the East Rhodopean Belt and consists of Tertiary volcanics superimposed on crystalline basement composed of Proterozoic metamorphics. Structurally it falls at the southern edge of the Borovitsa caldera which is a major regional structure with north-east trending axis extending for approximately 20 km. 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 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. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", “would”, “could”, "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof.  Forward-looking statements in this news release include (i) the completion of the transfer of the Svoboda and Pesnopoy properties to Mundoro; (ii) the potential for historical resource estimates to be calculated under CIM guidelines in a manner consistent with that identified in the historical estimates; and (iii) the results of prospective exploration work on these properties.  The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the targets, prospects and properties, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

November 2, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the Company is mobilizing for drilling at the East and West Zone on the Zeleznik license (“Zeleznik”). Zeleznik is one of the four licenses currently being sole funded by our joint venture partner Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as part of the JOGMEC-Mundoro joint venture announced in March 2016. Zeleznik is located at the northern end of the Timok Magmatic Complex in northeastern Serbia as shown in Figure 1: Location Map of Timok North Projects; the license is north of the Serbian state-owned Majdanpek copper-gold mine. Figure 1: Location Map of Timok North Projects Teo Dechev, CEO and President of Mundoro commented, “Following up on the Q4-2016 Phase II drilling program at Zeleznik, Mundoro and our partner JOGMEC are pleased to be mobilising for the Phase III fence drilling program with both delineation and step-out drilling at the West Zone and East Zone. The exploration program at Zeleznik has been advancing over the last three years to now reach Phase III drilling which will be used to determine initial volume and grade for the mineralized zones in this area of the license. Mundoro is also completing drilling at the JOGMEC-Mundoro joint venture project, Borsko, with 3,000 meters over four drill holes to further test the high sulphidation epithermal target identified earlier this year. Drill results are anticipated for mid-December 2017.” ZELEZNIK EAST ZONE AND WEST ZONE TARGET AREAS The 2017 Phase III drill program is budgeted for 4120 meters of drilling in 16 holes as shown in Figure 2: Zeleznik Drill Plan Map to test the East Zone with seven holes and the West Zone with nine holes. The West Zone proposed drill holes are collared on three parallel sections at approximately 100 m between fences and 100 m between holes on each fence. The East Zone proposed drill holes are designed as fences to holes ZELDD06, ZELDD05 and ZELDD04 and proposed to further test the carbonate-replacement potential of the East Zone porphyry-marble contacts. Figure 2: Zeleznik Drill Plan Map This Phase III drill program for the East Zone and West Zone is designed to follow up on the previous two drilling campaigns which successfully intersected copper-gold mineralisation at both zones and expanded the extents of the mineralised envelopes (see press releases from November 4, 2016 and June 27, 2017). The focus of this Phase III drilling program is to locate and better define the higher-grade bearing porphyry intrusions and massive sulphides which would upgrade the lower grade bulk material to potentially minable material. The goal is to establish volume and grade through both delineation and step out drilling across the mineralized zones. At the West Zone target, one of the diorite porphyry dikes contains chalcopyrite stockwork veining returned 25.8 m @ 0.39% Cu, 0.076 g/t Au (0.43% CuEq) in drill hole ZELDD01. This result demonstrated that higher grade porphyry mineralisation exists at the West Zone which requires systematic drilling. At the East Zone target, drill hole ZELDD05 intersected 2.8 m @ 2.11% Cu; 1.50 g/t Au while drill hole ZELDD06 ended in mineralization of 4.9 m @ 0.8% Cu; 1.00 g/t Au at a depth of 142.3 m. The high grade mineralisation is carbonate-replacement on the porphyry dyke margins or, as in the Majdanpek deposit nearby, in marble contacts within the larger dykes. The drilling results to date suggest that carbonate-replacement bodies abutting (or within) the early porphyry dykes are likely to be better mineralized and potentially larger in size and require further drilling to test this potential. Southern Extension of copper-gold-molybdenum-in-soil anomaly In Q2-2017, Mundoro announced an extension of the copper-gold-molybdenum-in-soil anomaly for an additional 500 meters along strike, and towards the south, at the West Zone and East Zone (see Figure 2: Zeleznik Drill Plan Map). Mundoro has received permission for trenching along the southern extension area after which the aim is to drill test the copper and gold soil anomalies at the southern extension of the West Zone and East Zone in Q1-2018. 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 Sampling and Analysis All drill core samples are processed and assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Serbia and 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. 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. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company currently holds a diverse portfolio of projects in two European countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects are in option to JOGMEC, and the four Timok South Projects are being advanced by Mundoro.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN". Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "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.

December 18, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") announces that it has received laboratory results for the four diamond drill holes at the Company’s Borsko Jezero license (“Borsko”) for 3990 meters, Figure 1: Plan Map of Drillhole Locations. HIGHLIGHTS Drill holes 17-BJ-11 and 17-BJ-12 confirmed the extension of the advanced argillic alteration 250 m to the northeast and 100 m to the northwest, respectively, with two new epithermal gold-silver intersections: 1.04 g/t Au and 6.9 g/t Ag over 15 m in 17-BJ-11 (1.15 g/t AuEq) Including 2.1 g/t Au and 13.7 g/t Ag over 4 m (2.32 g/t AuEq) 0.77 g/t Au and 1.9 g/t Ag over 31.2 m in 17-BJ-12 (0.85 g/t AuEq) Including 1.8 g/t Au and 4.7 g/t Ag over 8 m (1.97 g/t AuEq) Both drill holes also demonstrated the epithermal alteration remains open in three directions: (i) along strike to the northwest; (ii) down plunge to the northwest beyond the vertical depth of 1120 m as shown in Section B-B’, and (iii) to the northeast as shown in Section A-A’ Vectoring Towards High-Sulphidation Copper-Gold Ore Bodies The opportunity for discovery appears to improve to the northwest and northeast along strike of the main fault zone as identified in drill core and supported by a magnetic-low anomaly. Furthermore, it appears east-west striking faults could also be displacing blocs of the alteration, which are also well documented in nearby Bor deposit (See Figure 1). The creation and subsequent shifting of blocks of alteration suggests targeting should remain tightly spaced rather than large step-out drilling which was attempted with two of the drill holes towards the south and the west. Compilation of drill hole geology shows that hydrothermal alteration towards the south and west has been either offset or cut-off at a distance of approximately 400 m. This is defined by drill hole 17-BJ-09 and 17-BJ-10 remaining in the cover volcanic units and the appearance of native copper which is generally considered as distal to an epithermal system. The 2017 drilling program discovered the alteration system and provides vectoring towards the northwest and northeast. The Company is now evaluating structural analysis, data from the recently completed borehole electromagnetic survey and additional geophysical techniques to assist in defining the next drill program to vector towards mineralization around Target 1 and test further Targets in the Borsko license. The results provided in the table above are early-stage and insufficient to establish a true thickness of the mineralized zones. These intervals are provided as an illustration of specific environments encountered in the drilling program and do not represent all the precious metal intervals from the drilling program. Additional drilling will be required to determine the relevance of the widths of drill hole intervals reported here. Borsko Jezero Copper-Gold-Silver Epithermal Project 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 Borska Reka copper-gold porphyry mine and the Veliki Krivelj copper-gold porphyry mine, all located in the central portion of the Timok Magmatic Complex (“Timok”). 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. Target 1 at Borsko is approximately 4 km west of the Bor mine and approximately 7 km northwest of the Cukaru Peki deposit which are both documented to host high sulphidation systems. The interpretation of Borsko geology along with models of known deposits in the district highlights the uppermost part of the lithocap, immediately below the less-altered volcanic sequence, as the prime target for any high-sulphidation copper-gold orebodies of Bor (Tilva Rosh) and Čukaru Peki type. Any such massive sulphide bodies are likely to lie within the footprint of the underlying porphyry copper-gold centre. The 2017 drilling at Borsko shows that an advanced argillic lithocap hosted in andesite underlies 550 m of weak-altered agglomerate volcanic rocks, which were in existence at the time the advanced argillic alteration took place. The advanced argillic altered andesites at Borsko are moderate to strong pyritized, with commonly exceeding 30% fine-grained sooty pyrite, and alternates with pervasive silica, vuggy silica, alunite and hydrothermal breccias, all of which are common features for the high-sulphidation epithermal systems. Private Placement Update Pursuant to its non-brokered private placement press release of November 30, 2017, Mundoro is pleased to announce that it has received, at the same terms and conditions, additional subscriptions for 7,444,444 units for a total of $1,005,000, subject to approval of the TSX Venture Exchange. Each unit consists of one common share and one-half of a share purchase warrant, with each full warrant exercisable to acquire a common share at a price of $0.20 for a term of three years. Closing is anticipated to occur before December 31, 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 Drill hole orientations were surveyed at approximately 30 metre intervals. Company personnel monitored the drilling, with cores delivered daily to the Company's core storage facility in the town of Bor, where it was logged, cut and sampled. Core recovery is recorded as 95-100% in most intervals, with the exception of the more intensely tectonized sections. The samples were collected in accordance with the Company’s protocols that are compatible with accepted industry procedures and best practice standards. Most samples through the mineralized intervals were 1 metre in length, up to a maximum 2 metres. In sections of poorly mineralized or unaltered and unmineralised rocks one 2m sample was collected at every 15 meters core. The samples were submitted to ALS Laboratory in Bor, Serbia, for sample preparation and analysis. In addition to the laboratory’s internal QA/QC procedures, the Company conducted its own QA/QC with the systematic inclusion of certified reference materials every 20 samples , blank samples every 20 samples and field duplicates at every 25 samples. Drill core samples are assayed using 50-grams charge for fire assay with atomic absorption finish and multi-element method MS 61 by ALS laboratory. 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.

January 19, 2018, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that the drill program at the East and West Zone on the Zeleznik license (“Zeleznik”) has been completed with 4200 meters of diamond drilling over sixteen completed drill holes. The drill core has been cut and sampled with all assay results expected by end-February 2018. Zeleznik is one of the four licenses being sole funded under the Option Agreement between Mundoro and Japan Oil, Gas and Metals National Corporation ("JOGMEC") announced March 7, 2016. Zeleznik is located directly north of the Serbian state-owned Majdanpek copper-gold mine and at the northern end of the Timok Magmatic Complex (“Timok”) (Figure 1: Location Map). Teo Dechev, CEO and President of Mundoro commented, "Mundoro and JOGMEC believe the West Zone and East Zone merit a follow-up program of fence drilling across the two systems. Mundoro’s technical team is incorporating the new data into our model of the systems and looking forward to developing a follow up drilling program for 2018.” ZELEZNIK EAST ZONE AND WEST ZONE TARGET AREAS The 2017 Phase III drill program on the East Zone and West Zone was designed to follow up on the previous two drilling campaigns that successfully intersected copper-gold mineralisation at both zones (see press releases from November 4, 2016 and June 27, 2017). The focus of the Phase III fence drilling program was to define copper-gold bearing porphyry intrusions and dykes, as well as related sulphide mineralisation. East Zone The East Zone drill holes were designed as fences to previous completed holes ZELDD06, ZELDD05 and ZELDD04 and planned in order to further test the carbonate-replacement potential of the East Zone porphyry-marble contacts (Figure 2: East Zone Drill Hole Location Map). Drill hole ZELDD05 intersected 81.2 m @ 0.22% Cu and 0.23g/t Au from 24.5 m, including 2.8 m @ 2.11% Cu; 1.50 g/t Au while drill hole ZELDD06 ended in mineralization of 4.9 m @ 0.82% Cu; 1.00 g/t Au at a depth of 142.3 m. Thicknesses from intersections from drill holes are down-hole drilled thicknesses. The current exploration model has not had sufficient drill testing to be able to determine true thickness of mineralization. Porphyry-marblized-limestone contacts are commonly marked by intervals of massive sulphide carbonate-replacement origin and the reported copper and gold values from the East Zone are usually associated with these contact bodies. In addition to this type of mineralization, the recent drilling has also identified patches to semi-massive aggregates of fine-grained sooty pyrite and chalcopyrite mineralisation within the porphyry intrusion. This is observed in drill hole 17-ZEL-23 which intersected a mineralised zone for approximately 100 meters starting at 76 m depth where fine-grained black sulfides, pyrite, chalcopyrite and/or magnetite were observed within the brecciated and faulted portion of the porphyry. This observed zone may be considered as a feeder to the porphyry mineralisation. Drill hole 17-ZEL-23 was designed to test depth extension of the surface channel that returned 30 m with 0.66g/t gold and 0.1% copper. The East Zone remains open laterally to the south-southwest for more than 500 m and beneath the carbonate cap as supported by the gold in soil anomaly (see Figure 2). The Company believes this target merits a follow-up program of fence drilling across the entire system. West Zone The West Zone drill holes were collared on three parallel sections at approximately 100 m between fences and 100 m between holes on each fence in order to further test the West Zone potential that is built by a swarm of porphyry dykes intruded into a gneiss complex (Figure 3: West Zone Drill Hole Location Map). In a previous drilling campaign, drill hole ZELDD01 instersected one of the early-mineral porphyry dikes with intensive chalcopyrite veining that returned 25.8 m @ 0.39% Cu, 0.08 g/t Au. Thicknesses from intersections from drill holes are down-hole drilled thicknesses. The current exploration model has not had sufficient drill testing to be able to determine true thickness of mineralization. The Company has identified four types of porphyry dykes according to their textural composition that are intruded into a metamorphic unit which is part of Timok. Copper mineralisation is associated with A-type quartz veinlets and B-type quartz-pyrite-chalcopyrite veins, as well as disseminated pyrite-chalcopyrite mineralisation. Both the early-mineral dykes and the surrounding wall-rock gneiss are mineralised. The recently completed drill hole 17-ZEL-24, at the eastern part of the West Zone, intersected an interval of 30 metres from 35 m depth where chalcocite-covellite-chalcopyrite vein type mineralisation was observed within the gneiss. This is new type of mineralization identified in the Phase III drill program. The West Zone mineralisation remains open to the south supported by the extension of the copper-gold-molybdenum-in-soil anomaly for an additional 500 metres along strike (see Figure 3). The Company believes this target merits a follow-up program of fence drilling across the entire system. 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, Analysis and Quality Assurance and Control (QA/QC) Drill hole orientations were surveyed at approximately 30 metre intervals. Company personnel monitored the drilling, with drill core delivered daily to the Company’s core storage facility where it was logged, cut and sampled. Core recovery is recorded as 95-100% in most intervals. The samples were collected in accordance with the Company’s protocols that are compatible with accepted industry procedures and best practice standards at one or two meter lengths from mineralised intervals and three meter lengths from non-mineralised intervals. The samples were submitted to ALS Laboratory in Bor, Serbia, for sample preparation and analysis. In addition to the laboratory’s internal QA/QC procedures, the Company conducted its own QA/QC with the systematic inclusion of certified reference materials every 20 samples , blank samples every 20 samples and field duplicates at every 25 samples. Drill core samples are assayed using 50-grams charge for fire assay with atomic absorption finish and multi-element method MS 61 by ALS laboratory. 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 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”, “encouraging” or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and 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.