August 8, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the Company is mobilizing for the Phase II drill program at the Borsko Jezero license (“Borsko”) where drilling is expected to commence in August. Borsko is one of the four licenses being sole funded by JOGMEC as part of the Amended Earn-in Agreement announced August 2016. Borsko is located in the central portion of the Timok Magmatic Complex (“Timok”) and is directly west of the Serbian state-operated producing mines, RTB Group’s Bor copper porphyry mine and the Veliki Krivelj copper-gold porphyry mine. HIGHLIGHTS The Borsko Phase II drill program is in follow-up to the Phase I drill program completed in May 2017 which tested two of the six generated drill targets. The Phase II drill program will test Target 1 with four diamond drill holes totalling approximately 3000 m (see Figure 1). The main goal of this drill program is to further test for epithermal high-sulphidation copper-gold mineralisation stepping out from the alteration intersected in BJ-06 and BJ-07 which began at approximately 580 m depth. Teo Dechev, CEO & President of Mundoro commented, “With our partner JOGMEC, we are looking forward to the Phase II step-out drill program to test Target 1 with 200 m step-out holes to the north, south, west and east. Mundoro will have an active H2-2017 field season comprising of the two JOGMEC funded drill programs: (i) Borsko Phase II step-out drill program in order to test for the epithermal high-sulphidation copper-gold mineralization, and (ii) Zeleznik Phase III fence drill program in order to further delineate the mineralized zones. As of Q1-2017, Mundoro had approximately $4.2 mln in cash and is debt free.” Figure 1: Location Map of Borsko Phase II Drill Program Summary of Borsko Drill Program Core logging and assay results from BJ-06 and BJ-07 highlighted important findings: The highest concentration of geochemical anomalism in both BJ-06 and 07 is situated in the uppermost 30 m of the lithocap. The highest gold and copper values are related to breccia and veins within and cross-cutting the lithocap. The contact between the lithocap and overlying chlorite-smectite zone is a replacement front, as defined by the narrow transitional alteration zone and the magnetite remnants in the uppermost 1 to 2 m of the advanced argillic lithocap (see Figure 2). A similar abrupt vertical change from advanced argillic to chloritic alteration appears to correlate with the tops of the Čukaru Peki (approximately 10 km to the southeast) and Bor epithermal high-sulphidation copper-gold orebodies(approximately 4 km to the east) all within the Timok Magmatic Belt. Interpretation of the geology and alteration encountered in the Borsko Phase I drilling program highlights the uppermost part of the lithocap, immediately below the less-altered volcanic sequence, as the prime target for epithermal high-sulphidation copper-gold orebodies of the Bor and Čukaru Peki type. In order to further test the Borsko Target 1 for its copper-gold potential, the Company has designed the Phase II step-out drilling program to attain vectoring information towards a epithermal high-sulphidation system. The goal is to use geochemical and alteration information obtained in the four Phase II drill holes (drilled in four quadrants) to vector towards a epithermal high-sulphidation centre, if it is not directly intersected by Phase II drilling. For further description of the Borkso geology and Phase I drill program, see press release from June 7, 2017 at www.mundoro.com. Figure 2: Cross Section of Borsko Target 1 Next Steps The Company expects to complete the drilling in Q4-2017 and to release the results around year-end. 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". 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 core 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 m in length, up to a maximum 2 metres. In sections of poorly mineralized or unaltered and unmineralised rocks one 2 meter sample was collected at every 15 meter core. The samples were submitted to ALS Laboratory in Bor, Serbia, for sample preparation and analysis. Drill core samples are assayed using 50-gram fire assay with atomic absorption finish and ME-MS61 by ALS Romania. 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. 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.

July 19, 2017, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce drilling results from the Tilva Rosh prospect within the 100% controlled Savinac exploration license in north-eastern Serbia. The Savinac license covers 90 km² and is located in the Timok Magmatic Belt, approximately 20 km southeast of the Bor mining camp. Teo Dechev, CEO and President of Mundoro commented, “This Phase II drilling program at Tilva Rosh was designed to test mineralization along 400 m of strike to an average depth of 100 m as follow-up to the discovery trench, which contained a 12 m interval of 30 g/t gold and 171 g/t silver, and to the initial drill testing of this area. Results from drilling, trenching, geochemical soil sampling and alteration mapping have successfully demonstrated a gold system associated with three identified structures.  Exploration has also identified a large intact lithocap extending approximately 650 m to the north of the current drilling for follow-up exploration. As a result mineralization remains open to the north, south and at depth. Phase II Drill Program The Phase II drill program at Tilva Rosh comprised 14 inclined reverse circulation drill holes totalling 1144 m to test the extent of the previously identified gold mineralisation laterally, along strike and at depth.  The system was first supported by high grade trenching results of 12 m @ 33.03 g/t AuEq (30.39 g/t Au, 171.27 g/t Ag) (see October 21, 2013 press release) and later by Phase 1 drill testing (see August 19, 2014 press release). Highlights from Phase II drilling at Tilva Rosh are shown in Table 1. Collar locations are shown on Figure 1 -Tilva Rosh Drill Plan. Table 1: Summary of significant results from drill holes SAV01 to SAV06. Gold Equivalent (“AuEq.”) is calculated using the formula AuEq = (g/t/Au) + (g/t/Ag) + ($/ozAu)/65 + <(%cu) x (22.0462) x ($/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$1300/oz, copper price of US$2.6/lb, and silver price US$20/oz. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thickness and not true widths. Drill holes 17-SAV_16; 17-SAV_18; 17-SAV_19 contain anomalous Au-Ag and Cu but did not return significant intersections. Interpretation of Phase II Drill Results Phase II results support the continuation of the main north-south trending mineralised structure over a length of at least 250 m. The surface trace of the structure strikes towards the north and under the lithocap (see Figure 2 - Geology, Alteration and Geochemistry at Tilva Rosh). The lithocap appears to be displaced by late east-west faults resulting in uplifting the southern portion and uncovering Tilva Rosh mineralisation. A significant portion of the lithocap over the larger northern block appears to be preserved. It continues for at least another 650 m from the edge of the intersected mineralised structure and is marked by a gold-silver-in-soil anomaly with elevated molybdenum. The Tilva Rosh lithocap is zinc free but bordered by a prominent (100-600 ppm) zinc anomaly reminiscent of the zinc distribution in porphyry copper systems. Recent detailed mapping of the lithocap revealed patchy alteration texture composed of pyrophyllite-replaced clasts in a silicified matrix and banded quartz veinlets. This is a promising sign that a porphyry copper centre could occur at depth in the general vicinity of the lithocap. Prior Exploration at Tilva Rosh by Mundoro During the 2013 and 2014 field seasons, Mundoro conducted geochemical, mapping, trenching, ground magnetic surveys over the Savinac license as well as compiling historic data, targeting epithermal and porphyry copper-gold systems. This work outlined the Savinac mineralised belt (9 km by 2 km) which includes the Tilva Rosh epithermal system expressed on the surface with a large area of advanced argillic alteration covering 4 km by 1 km. The Tilva Rosh prospect was explored previously in late 1970’s and early 2000’s but significant gold mineralisation and porphyry Cu-Au potential was not identified until Mundoro’s exploration program in Q4-2013. The Phase I drill program, comprising six inclined RC drill holes totalling 917.8 m, was drilled at the southern portion of Tilva Rosh system to test the vertical extent of gold mineralization discovered through previously reported trenching which returned 12m of 30.39 g/t gold and 171.27 g/t silver (see press release dated October 21, 2013).  Highlights from Phase I drilling are shown in Table 2. The Tilva Rosh prospect was originally outlined by a gold-in-soil anomaly of 600 m by 150 m and confirmed with follow up trenching in Q4-2013 and Q2-2014.  The Company also completed ground magnetics in Q1-2014. These initial drill results at Tilva Rosh are encouraging and are interpreted to be proximal to a copper-gold porphyry system related to a large area of advanced argillic lithocaps to the north. Table 2: Summary of significant results from Phase I drill holes SAV01 to SAV06. Gold Equivalent (“AuEq.”) is calculated using the formula AuEq = (g/t/Au) + (g/t/Ag) + ($/ozAu)/65 + <(%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$1300/oz, copper price of US$2.6/lb, and silver price US$20/oz. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thickness and not true widths. Sampling, Analysis and Qualified Person Entire 1m interval RC cuttings are collected from the cyclone in pre-numbered (from/to) large plastic bag. The sample is weighed. Company technician sieves a small sample from the bag to generate a chip log and places it in a pre-numbered (from/to) chip box. The sample is passed through riffle splitter between 1 and 2 times until a ~3-4kg sample is obtained and sent to ALS Bor prep lab. Duplicate sample is kept in company core shed for future reference. 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 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 database. Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. Caution Concerning Forward-Looking Statements Information included, attached to or incorporated by reference into this News Release may contain forward-looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055.

VANCOUVER, BRITISH COLUMBIA--( May 18, 2017) - Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the start of the drilling program at the Tilva Rosh gold target on the Company's 100% owned Savinac license ("Savinac"). Savinac is one of the four exploration licenses located in the southern portion of the Timok Magmatic Complex in Serbia that are 100% controlled by Mundoro ("Timok South Projects" see Figure 1: Savinac License Location Map). Teo Dechev, CEO and President of Mundoro commented, "The prior drilling results at Tilva Rosh successfully followed the surface trench results of high grade gold-silver mineralisation down dip along the structure. The current program aims at defining the extent of near surface mineralisation along a 400 meters strike length and up to 100 meters depth. To date the mineralisation is open to the north, south and at depth. Mundoro is focused on drill testing select target areas in the Timok South Projects in parallel to furthering the JOGMEC funded Timok North Projects programs. We believe this parallel strategy of testing and advancing assets, through either partnerships or our own treasury, provides continuous opportunities to shareholders for creating value." TILVA ROSH GOLD TARGET The current drill program at the Tilva Rosh gold target is designed to follow up on two key gold bearing features: (i) a mineralised gold bearing hydrothermal breccia structure containing significant gold grades and (ii) quartz veins that also host gold mineralisation which have been identified with prior trenching and drilling. The 2017 drill program is budgeted for 1,500 meters of shallow drilling in 14 holes as shown in Figure 2: Tilva Rosh Drill Plan Map to test 400 meters along strike and up to 100 meters down dip extension. Previous Work at Tilva Rosh Mundoro conducted geochemical, mapping, trenching, and ground magnetic surveys over the Savinac license as well as compiling historic data, targeting epithermal and porphyry Cu-Au systems. This work outlined the Savinac mineralised belt (9 km by 2 km) which includes the Tilva Rosh epithermal system expressed on the surface with a large area of advanced argillic alteration covering 4 km by 1 km. Tilva Rosh was explored previously in the late 1970's and early 2000's but significant gold mineralisation and porphyry Cu-Au potential was identified by Mundoro's exploration in Q4-2013. As part of the 2014 program, six inclined diamond drill holes totaling 917.8 m were drilled at the southern portion of Tilva Rosh system to test the down dip extent of the high-grade gold mineralisation, which was previously confirmed by trenching results of 12 m @ 33.03 g/t AuEq (30.39 g/t Au, 171.27 g/t Ag). Collar locations for the previously drilled holes are also shown in Figure 2: Tilva Rosh Drill Plan Map. The previous Tilva Rosh drilling program demonstrated continuation of surface mineralisation at dow-dip for a north-west striking hydrothermal breccia structure which hosts the high grade gold. Copper mineralisation was intersected at depth in four of the six drill holes drilling in 2014 as shown in Table 1 below and appears to be related to supergene enrichment. The Company believes copper was not present at surface due to the highly acidic nature of the lithocap in the area caused by the high pyrite content in the system. The eastern most drill holes, SAV02 and SAV05, intersected the highest lead-zinc contents (up to 2.2% Zn and 0.6% Pb) suggesting lateral zoning indicative of a porphyry style hydrothermal system. Table 1: Summary of significant results from the 2014 Tilva Rosh drill program Gold Equivalent ("AuEq.") is calculated using the formula AuEq = (g/t/Au) + (g/t/Ag) + ($/ozAu)/65 + <(%cu) x (22.0462) x ($/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$1300/oz, copper price of US$3/lb, and silver price US$20/oz. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thicknesses. True widths cannot be determined from the information available. Future Targets at Tilva Rosh The initial drill results from Tilva Rosh are encouraging and are interpreted to be proximal to a Cu-Au porphyry system related to a large area of advanced argillic lithocaps to the north (approximately 500 meters), highlighted with a molybdenum anomaly and followed outwards to zones of lead-zinc. These are geochemical signatures of porphyry deposit footprints and where the Company believes there is good potential for further porphyry drill targets. BORSKO DRILL PROGRAM UPDATE The drill program at the Borsko license in Serbia, which is being sole funded by JOGMEC as part of the JOGMEC option announced in August 2016 ("Timok North Projects"), has completed to date a total of 3,123 meters of diamond drilling in three holes: BJ-06, BJ-07, BJ-08. Due to the extended drill campaign at Borsko, which began in February 2017 and was extended twice, the Company now expects the assay results from this drill program to be announced in June. ANGEL DRILL PROGRAM UPDATE The commencement of the drill program at the Angel Vyvoda ("Angel") gold target in the Zvezda license in southeastern Bulgaria has been moved back due to mechanical problems with the drilling equipment. The Company expects the drilling program to now commence around the end of May with assay results from the Angel drilling program expected in August. The Angel drill program will test the large gold-in-soil geochemical anomaly that is also associated with the Au-Ag-Sb-As-Mo suit of elements (which indicate an epithermal environment that has the potential to host a mineralized system) seen in the geochemical survey that cover an area of a 2.7 km x 1.5 km and delineating at least three sets of E-W to NW-SE structures. For further information on the Angel drill program, please refer to our press release on September 16, 2014. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director 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.

February 26, 2020, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to report on exploration activity for the Company’s partner funded exploration programs that are ongoing in Serbia and Bulgaria. The Company’s unaudited consolidated financial statements and Management’s Discussion and Analysis are expected to be filed by the end of April 2020 on SEDAR at www.sedar.com and posted on the Company’s website at www.mundoro.com. EXPLORATION ACTIVITY DURING Q4-2019 Mundoro Generative Programs and Outlook for Projects Available for Option or Joint Venture Mundoro’s exploration portfolio of targets, projects and partners is designed such that the success of the company is driven by the proven earn-in funding model. The Company has an ongoing target generation program where we evaluate both existing and new target areas in Serbia and Bulgaria. The Company has applications in Serbia and Bulgaria for further exploration areas. Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok, Serbia as well as in Bulgaria. At December 31, 2019, Mundoro had a treasury position of $2.6 million which is a strong working capital position for new project generation, completing license maintenance exploration work while optioning our projects to third parties, and general administration. Freeport-Mundoro Projects At the Freeport-Mundoro Projects (see Figure 1 – Location Map of Projects in Serbia), drilling is ongoing and has been increased from an initial 3,500 meter program to 8,541 meters with the possibility it may increase further such that drilling is not expected to be completed until the end of Q1-2020 with results expected in Q2-2020 (see Figure 2 – Freeport-Mundoro Project - Drill Target Locations).  A summary of the targets and exploration at each area is provided below: Tilva Rosh (Savinac License) This target is a large area of 5 km x 1 km of advanced argillic alteration containing epithermal gold mineralization cropping out at surface as observed through trench sampling by Mundoro in 2013 which returned 12 m of 30 g/t gold and 171 g/t silver. Interpretation of prior drilling suggests the epithermal mineralization is proximal to a copper-gold porphyry system. Status: Interpretation models from both the IP-Resistivity and CSAMT/NSAMT were completed and combined with other layers of data to select targets for follow up drilling. Drilling commenced in October 2019 which has drilled a total of  2,980.5 meters over 4 drill Markov Kamen (Savinac License) This is another epithermal target identified by several copper-gold-in-soil geochemical anomalies related to 4 km x 1.2 km zone of argillic and advanced argillic alteration. Five holes drilled during a previous program at Markov Kamen which intersected hydrothermal breccia, and vuggy silica, suggesting high-sulphidation type epithermal mineralisation controlled by dominantly northwest structures. Status: Interpretation models from both the IP-Resistivity and CSAMT/NSAMT were completed and combined with other layers of data to select targets for follow up drilling. Drilling is expected to commence at the end of February 2020 with completion around the end of Q1-2020. Prekostenski (Bacevica License) This area is a copper-gold porphyry target identified by mapping and surface sampling which resulted in 55 m of 0.28 g/t gold and 0.21 % copper. The exploration work identified chalcopyrite-magnetite mineralisation hosted in potassic altered diorite. One drill hole from 2018 confirmed the extension of the surface mineralisation to a depth of 68.6 m. Quartz-pyrite-chalcopyrite veins were observed hosted in potassic altered diorite porphyry and returned an intercept of 8 meters of 0.14 g/t gold and 0.13 % copper from surface. Detailed mapping was completed for an area of approximately 9 sq.km. and surface extension of the mineralised porphyry was identified further to the west. Status: Drilling commenced in November 2019 which has drilled a total of 2,404.8 meters over 5 drill Drilling is ongoing and expected to be completed in Q1-2020. Orlovo Brdo (Bacevica License) This target is a broad zone of phyllic alteration of 3 km x 700 m with gold and copper anomalism. One drill hole from 2018, intersected a zone of quartz vein stockwork mineralization related to potassic altered diorite at depth of 458 m, returning 26 m of 0.10% Cu and 0.23 g/t Au, overlain by phyllic alteration from surface. Status: Drilling commenced in November 2019 which has drilled a total of 2,325.4 meters over 4 drill D-Vein (Bacevica License) This target represents an area containing several copper-gold quartz veins hosted in propylitic altered andesite. Mapping and rock sampling of the veins returned up to 2% Cu and 7.2 g/t Au in grab samples. The veins area is interpreted to be related to a porphyry Cu-Au system. Detailed alteration mapping of the area highlighted a zoned alteration pattern. Status: Drilling commenced in November 2019 which has drilled a total of0 meters over 1 drill hole. JOGMEC-Mundoro JV Project in Serbia Borsko is a 35 sq.km license area sole funded by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as part of the earn-in agreement entered into in 2016. Borsko is located near the central portion of the Timok Magmatic Complex (see Figure 1 – Location Map of Projects in Serbia). Borsko is directly adjacent and to the west of the producing Bor copper porphyry mine which is directly west of the Veliki Krivelj copper-gold porphyry mine. For further description of the Borkso geology see Mundoro’s press release dated December 18, 2017 at www.mundoro.com. Borsko’s exploration model for blind epithermal and related porphyry Cu-Au system was proven in the 2017 drill program which discovered advanced argillic alteration system (“Target 1”) hosted in andesite under 570 m agglomerate volcanic cover. The hydrothermal alteration consists of semi-massive pyrite, pervasive silica, alunite and hydrothermal breccias. It correlates with resistivity-high, density low and high contacts, and magnetic low geophysical anomalies. This alteration system with related epithermal geochemical signature is an important discovery as it is approximately 4 km west of the Bor deposit. Q4-2019 Drilling Program Outcomes During Stage One (March 2016 – March 2019) of the Earn-in, exploration completed at Borsko identified a CSAMT geophysical anomaly over 1.6 km in areal extent which has been identified as Target 1 and has only been partially tested. Drilling identified this CSAMT geophysical anomaly appears to be related to advanced argillic alteration (“lithocap”) under cover. The Target 1 system contains elevated copper-gold-arsenic values indicative of high sulphidation type mineralisation, while the weak potassic alteration with elevated copper identified at the bottom of the lithocap suggests a porphyry source beyond the immediate area drill tested to date. From April 2019 to date, which was part of the first year of the Stage Two Earn-in, exploration completed was focused on (i) filling in the geophysical gravity survey covering an area of 22 sq.km (63% of the license) with 2,163 measured stations at grid 100 m x 100 m and (ii) a drill program testing six new ranked CSAMT and gravity geophysical anomalies under cover which were tested with six diamond drill holes totaling 3899.8 m (see Figure 3 – Borkso Drill Target Locations). Five of the six geophysical anomalies did not identify hydrothermal alteration related to the geophysical features. Targeting was carried out by estimation of the geophysical characteristics of the hydrothermal alteration based on results of Target 1. The last drill hole 19-BJ-26, however did intersect approximately 30m of argillic altered andesite which correlates with previously intersected argillic alteration containing pyrite in drill hole 18-BJ-19. Our exploration team has interpreted this alteration as a trend towards Target 1 to the north as an indication for extension of Target 1 hydrothermal system to south (see Figure 4 – Long Cross Section of Target 1 and Southwest Target). The regional target testing drilling campaign from 2019 added significantly to the understanding of Borsko geology setting and structural control as well as refining the geophysical responses which are very important for under cover exploration. Intersected argillic alteration with pyrite and minor chalcopyrite in drill holes 19-BJ-26 and 18-BJ-19 suggest possible additional 2km extension to south of Target 1 connecting to the newly identified “Southwest Target”. This coincides also with interpreted significant gravity low anomaly (see Figure 4). Next Steps: The latest phase of target testing proved that Target 1 is unique and remains open to the south, the north, the west and at depth (see Figure 4). JOGMEC-Mundoro Generative Alliance in Bulgaria In March 2019 Mundoro entered into a Generative Program Agreement (the “Generative Alliance”) in the Republic of Bulgaria with JOGMEC to be sole-funded by JOGMEC. The purpose of the Generative Alliance is to establish a program between Mundoro and JOGMEC, whereby Mundoro will carry out mineral exploration activities in Bulgaria under the direction of a joint Technical Committee with the view to identifying areas of interests that merit additional exploration and/or development work. Upon JOGMEC determining that one or more properties merit additional exploration and/or development work, JOGMEC has the right to establish a joint venture on that property with Mundoro. Status: The generative program has been completed and JOGMEC has selected designated projects to proceed to the next stage of the agreement. Vale-Mundoro Projects For the Vale-Mundoro Projects, the Technical Committee is reviewing work programs in order to be in a position for exploration in the second half of 2020. On behalf of the Company Teo Dechev, Chief Executive Officer, President and Director 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. Drilling, Sampling, Analysis and Quality Assurance and Control The drilling technique was triple tubed diamond drilling from surface for PQ and HQ, while for NQ was double tubed. The drill holes were generally cased from surface progressing from PQ to HQ at 380m on average, however exact depths vary from hole to hole. Drill hole orientations were surveyed at approximately 30 meters intervals. Drill core was oriented using the Reflex EZ-Trac and Devico Pee Wee tools, the bottom of the core was marked by the drillers and this was used for marking the whole drill core with reference lines. 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 was measured and recorded continuously from the top to the end of the hole for every drill hole. Each run of 3m length was marked by plastic core block which provided the depth drilled. Core recovery is recorded as 99.4-100% in most intervals. The drill core was sawn into two along drill core orientation line using a core-cutter and left half looking downhole was collected in bag and submitted for analysis, the other half is kept in tray and stored. Samples were collected at one or two-meter lengths from mineralised intervals and every fifteen meters one sample of two-meter lengths from non-mineralised intervals with brakes for major geological changes. The samples were submitted to SGS managed laboratory in Bor, Serbia for sample preparation and analysis. Drill core samples are assayed using 50-grams charge for fire assay with atomic absorption finish and multi-element method 4 acid digestion ICP-AES package IMS40B. 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. About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company holds a portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria.  There are eight licenses in Serbia, four of which are optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and two licenses are available for joint venture.  In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. 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. Figure 1 – Location Map of Projects in Serbia Figure 2 – Freeport-Mundoro Project - Drill Target Locations Figure 3 – Borkso Drill Target Locations Figure 4 – Long Cross Section of Target 1 and Southwest Target

June 30, 2016, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), is pleased to announce that 16,290,261 common shares representing 37% of the total number of shares issued and outstanding were voted at its Annual General Meeting held on June 28, 2016 (the “Meeting”). Resulting from the Meeting, the following nominees to the Board have been elected by the shareholders: Prior to the commencement of the Meeting, Michael Sheridan resigned from the board and withdrew his name as nominee for election as director at the Meeting due to personal reasons. As a result, he was not elected to the board.  Mr. Hoey, Chairman of the Company stated, “On behalf of the Board, we would like to thank Mr. Sheridan for his years of service on Mundoro’s Board of Directors and wishes him well in his future endeavors.” Furthermore, the Company issued 1,107,500 stock options to its directors, officers and staff on June 28, 2016. The stock options were issued in accordance with Mundoro’s Stock Option Plan and are exercisable into common shares of Mundoro at $0.125 (being the closing price on the TSX Venture Exchange on June 27, 2015) over a five-year term. For the option grants, 369,167 vest immediately on the day the options were granted ("Grant Date"), 369,167 vest twelve (12) months after the Grant Date and the final 369,167 vest twenty four (24) months after the Grant Date.  Following the grant, the total number of options outstanding under the Company's Stock Option Plan are 3,737,500.  The last option grant the Company made was in January 2015. Shareholders also approved the re-appointment of PricewaterhouseCoopers LLP as auditors of the Company for the ensuing year at the remuneration to be fixed by the directors. The Company's shareholders voted in favor of all matters brought before the meeting. The results of voting will be filed at www.sedar.com. About Mundoro Mundoro is a Canadian based public company which is focused on generating value for its shareholders through utilizing the collective expertise of our directors, management and technical staff to invest in mineral projects that have the ability to generate future cash. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055. Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the mineral potential of the Timok North Properties, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

February 6, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update for the two drill programs currently ongoing on the Company’s licenses in the Timok Magmatic Complex (“Timok”) in eastern Serbia. JOGMEC - Mundoro JV Property Drill Program Borsko is one of the four licenses being sole funded by Japan Oil, Gas and Metals National Corporation (“JOGMEC”) as part of the JOGMEC-Mundoro option agreement announced in August 2016 (Figure 1: Location Map). The Year 3, Phase I drill program updated on October 23, 2018, which included approximately 7,200 m of diamond drilling in 7 drill holes, has been extended to approximately 9,000 meters over 9 drill holes to be completed by mid-March with the drill results by the end of March. The current drill program aims to test: (i) Target 1: lateral extension of the hydrothermal alteration and mineralisation intersected in drill hole 17-BJ-11 (15m @ 1.04 g/t Au and 6.9 g/t Ag) further to the east-northeast  is associated by a CSAMT anomaly; (ii) Target 5: a new target identified to test IP chargeability anomaly coincident with magnetic low anomaly at favorable structural intersection located 1,500 m north-northeast of Target 1; and (iii) Additional targets: identified by both structural interpretation and geophysical programs using CSAMT and ground magnetics within the exploration license further to the south. Borsko is located directly west of the Bor copper porphyry underground mine and the Veliki Krivelj copper-gold porphyry open-pit mine, all located in the central portion of Timok.  Timok is one of the most prolific metallogenic domains in the Tethyan Belt with deposits such as the Cukaru-Peki copper-gold deposit and the Bor copper porphyry underground mine and the Veliki Krivelj copper-gold porphyry open-pit mine. This drill program is being sole funded by Freeport-McMoRan Exploration Corporation ("Freeport") as part of the earn-in agreement ("Agreement") with Freeport, in which Mundoro has granted to Freeport an option to earn-in to Mundoro’s Savinac and Bacevica exploration licenses (the “Freeport-Mundoro JV Projects”).  Savinac and Bacevica are located within the southern portion of Timok in eastern Serbia (Figure 1: Location Map). The Year 1, Stage 1, drill program announced October 30, 2018, which was extended from 3,550 m of diamond drilling in 5 drill holes to approximately 5,000 m in 7 drill holes, is ongoing and expected to be completed by early-February with drill results to follow within a month. Freeport - Mundoro JV Property Drill Program The current drill program, aims to test the following four target areas: (i) Tilva Rosh: epithermal gold target which contains 12 meters of 30 g/t gold and 171 g/t silver from rock chip sampling. Combined drill results from approximately 2,000 meters of drilling in 2014 and 2017 have interpreted the epithermal target to be proximal to a copper-gold porphyry system related to a large area of advanced argillic alteration, highlighted with a molybdenum anomaly followed by outwards zones of lead-zinc geochemical anomalies; (ii) Markov Kamen: epithermal target identified by several copper-gold-in-soil geochemical anomalies related to a broad zone of argillic and advanced argillic alteration located at the southern portion of the Savinac license. Drilling from 2015, which intersected hydrothermal breccia, massive sulphides and vuggy silica, appears to be a high sulphidation style epithermal system controlled by NW structures; (iii) Prekostenski: porphyry copper-gold target identified from geochemical analysis of soil sampling and trench results containing 55 meters of 0.28 g/t gold and 0.21% copper located in the western portion of the Bacevica license. The exploration work identified chalcopyrite-magnetite mineralisation hosted by potassic altered andesite; and (iv) Orlovo Brdo: broad zone of phyllic alteration with gold and copper anomalism that remains untested at the central portion of Bacevica license. Timok South Projects Continue to Receive Interest from Third Parties Mundoro ended Q4-2018 with approximately C$4.8 million in treasury. The remaining two Timok licenses, Sumrakovac and Osnic, are available for joint venture.  As such, Mundoro continues discussions with third parties for these two licenses Sumrakovac and Osnic as it is the Company’s continued view to establish partnerships to fund exploration activity for testing drill targets.  Although there are discussions, the Company cannot provide assurance that a transaction will be concluded as a result of these discussions. The Company will keep the market apprised of material developments. Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined  by National Instrument 43-101. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director 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 information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", “promising”, “encouraging” or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Figure 1: Location Map

April 5, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the completion of the initial target testing drill program at the Savinac and Bacevica exploration licenses (the “Freeport-Mundoro Projects”) in the Timok Magmatic Complex (“Timok”) in eastern Serbia.  The exploration programs on the Freeport-Mundoro Projects are sole funded by Freeport-McMoRan Exploration Corporation ("Freeport") as part of the earn-in agreement ("Agreement") with Freeport, in which Mundoro has granted to Freeport an option to earn-in to the Freeport-Mundoro Projects.  The Freeport-Mundoro Projects are located within the southern portion of Timok in eastern Serbia, one of the most prolific metallogenic domains in the Tethyan Belt with deposits such as the Cukaru-Peki deposit, the Bor copper porphyry underground mine and the Veliki Krivelj copper-gold porphyry open-pit mine (Figure 1: Freeport-Mundoro Project Location Map). Teo Dechev, CEO & President of Mundoro commented, “Mundoro has benefited from establishing earn-in relationships to fund our exploration programs.  Mundoro is appointed operator for Phase I and has completed, five months after closing the transaction, the first target testing drill program funded by Freeport. The 2019 exploration program will continue with follow-up geophysical surveys and alteration mapping. The geophysical surveys have been scheduled for Q2-Q3 2019 in order to be used for planning further drill programs.  As a result of having optionee funded exploration programs, Mundoro conserves its cash.  At the end of Q1-2019, the treasury of the Company was approximately C$3.2 million.  Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring the Tethyan Belt in Timok, Serbia as well as Bulgaria.” Freeport-Mundoro Projects - Target Testing Drill Program A total of 4,778 m of diamond drilling has been completed in seven drill holes. Planning has commenced for geophysics surveys and alteration mapping at both licenses as part of the 2019 exploration program.  The aim of the initial target testing drill program was to test four target areas located along the 16-km elongated zone of extensive hydrothermal alteration defined by mapping and Cu-Mo-Au-Ag-Pb-Zn geochemical anomalies (see Figure 2: Map of Targets, Hydrothermal Alteration, Drill Hole Locations and Planned Geophysics). Tilva Rosh (Savinac License) This target is a large area of 2.5 km by 1 km of advanced argillic alteration containing epithermal gold mineralization cropping out at surface as observed through trench sampling by Mundoro in 2013 which returned 12 m of 30 g/t gold and 171 g/t silver. Interpretation of drill results suggests the epithermal mineralization is proximal to a copper-gold porphyry system. Drill hole FMSC18006, was collared near this surface gold mineralisation and orientated to drill through the mineralization. Final depth of drill hole reached 1154.9 m. The drill hole intersected an interval for 263 m of fragmental volcanics from 190 m that display patchy-kaolinite texture with banded quartz-magnetite-specularite veins, which is suggestive for proximal porphyry source of the mineralization. A fault zone containing vuggy silica, massive pyrite, barite and patches of sphalerite cross cut the fragmental volcanics and returned a high grade interval of 7.3 m of 0.18% Cu and 3.22 g/t Au (2.39% CuEq) (see Table 1). At depth, the drill hole intersected diorite dykes that contain traces of chalcopyrite mineralization indicating relation to a porphyry source. Patchy texture, with dickite and pyrophyllite was also observed and mapped on surface 300 meters to the north of drill hole FMSC18006 and remains a compelling target for future testing. Targeting will continue with IP-Resistivity and CSAMT/NSAMT geophysics after which further drilling can be planned. Markov Kamen (Savinac License) This area is another epithermal target identified by several copper-gold-in-soil geochemical anomalies related to 4 km by 1.2 km zone of argillic and advanced argillic alteration. It is located 2 km south of the Tilva Rosh target (see Figure 2). One hole drilled in 2015 at Markov Kamen intersected hydrothermal breccia, massive sulphides and vuggy silica, suggesting high-sulphidation type epithermal mineralisation controlled by northwest structures. Three drill holes FMSC18001, FMSC18003 and FMSC19007 tested the eastern contact of the advanced argillic zone. Results of note are (see Table 1): FMC19007 with 36 m of 0.25 g/t gold and 0.19 % copper from 65.0 m and FMC18003 with 22.7 m of 0.46 g/t gold from 78.7 m. All three drill holes were terminated in andesitic country rock that display propylitic alteration at the east. Measured contacts to the country rock suggest the advanced argillic zone and the epithermal mineralisation remain open towards the west. Drill hole FMSC18005 was collared at the central portion of the Markov Kamen advanced argillic zone and was drilled sub vertical into a magnetic low anomaly to a depth of 1269.1 m. Drill hole intersected dominantly advanced argillic alteration determined by the presence of strong and pervasive silica intervals and hydrothermal breccias with anomalous gold grades of: 7.1 m of 0.60 g/t gold from 308.4m; 12.3 m of 0.24 g/t gold from 395.7m; 12.0 m of 0.24 g/t gold from 469.0m. The advanced argillic zone remains open down plunge to the south and west beyond the vertical depth of 1200 m, where the drill hole was terminated due to the drill rig capacity. Targeting will continue with alteration mapping, IP-Resistivity and CSAMT/NSAMT geophysics after which further drilling can be planned. Prekostenski (Bacevica License) This area is a copper-gold porphyry target identified from geochemical analysis surface sampling which resulted in 55 m of 0.28 g/t gold and 0.21 % copper located in the western portion of the Bacevica license. The exploration work identified chalcopyrite-magnetite mineralisation hosted by potassic altered diorite. Drill hole FMSC18004 confirmed the extension of the surface mineralisation to a depth of 68.6 m. Quartz-pyrite-chalcopyrite veins were observed hosted in potassic altered diorite porphyry and returned an intercept of 49.8 metres of 0.14 g/t gold and 0.13 % copper from surface (see Table 1). Detailed mapping, CSAMT/NSAMT and IP-Resistivity geophysics are planned in order to better define the lateral and vertical extension of the mineralised porphyry. Orlovo Brdo (Bacevica License) This target is a broad zone of phyllic alteration of 3 km by 700 m with gold and copper anomalism located at the central portion of Bacevica license. One drill hole FMSC18002 was completed to a depth of 837 m. The drill hole intersected a zone of quartz vein stockwork mineralization related to potassic altered diorite at depth of 458 m overlain by phyllic alteration from surface. An intercept of0 metres of 0.23 g/t gold and 0.10 % copper from 458.0 m (see Table 1). Detail mapping, CSAMT/NSAMT and IP-Resistivity geophysics are planned in order to better define the lateral and vertical extension of the mineralised porphyry. Table 1: Freeport-Mundoro Projects Diamond Drill Hole Summary Results 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$1,268/oz, copper price of US$2.7/lb, the average for the last 3-year period. All thicknesses from intersections from drill holes are down-hole drilled thicknesses or outcrop sample length thickness and not true widths. Drilling, Sampling, Analysis and Quality Assurance and Control The drilling technique was triple tubed diamond drilling from surface for PQ and HQ, while for NQ was double tubed. The drill holes were generally cased from surface progressing from PQ to HQ at 260m on average, however exact depths vary from hole to hole. Drill hole orientations were surveyed at approximately 30 meters intervals. Drill core was oriented using the Reflex EZ-Trac and Devico Pee Wee tools, the bottom of the core was marked by the drillers and this was used for marking the whole drill core with reference lines. 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 was measured and recorded continuously from the top to the end of the hole for every drill hole. Each run of 3m length was marked by plastic core block which provided the depth drilled. Core recovery is recorded as 96.3-100% in most intervals. The drill core was sawn into quarter for PQ diameter and into two for HQ and NQ diameter, along drill core orientation line using a core-cutter and left half looking downhole was collected in bag and submitted for analysis, the other half is kept in tray and stored. Samples were collected at two-meter lengths from mineralised intervals and three to five-meter lengths from non-mineralised intervals with brakes for major geological changes. The samples were submitted to ALS Prep Laboratory in Bor, Serbia, for sample preparation and then internally submitted to ALS Romania and ALS Ireland for analysis. The samples were fine crushed to 2mm with 70% pass, split by rotary splitter to produce 1000 g sub-sample which was pulverized with 85% passing 75 um using. The samples were assayed using 50 grams charge for Au-fire assay with AES finish and multi-element method ME-MS61 – 48 element four acid ICP-MS. Samples returned above > 3 ppm Au, >1% Cu, >1% As and >100 ppm Ag were additionally analyzed with method OG62. 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 and 30 samples, blank samples every 50 samples, field duplicates every 50 samples, crush duplicates every 50 samples and pulp duplicates at every 50 samples. Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  The Company holds a portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria.  There are eight licenses in Serbia, four of which are optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation and two licenses are available for joint venture.  In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC.  Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. For further information please contact: Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any projects and licenses and results of that exploration work, the prospect of one or more joint ventures, options and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", “further”, "estimate", "anticipate", "believe", “promising”, “encouraging” or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward-looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Figure 1: Freeport-Mundoro Project Location Map Figure 2: Map of Targets, Hydrothermal Alteration, Drill Hole Locations and Planned Geophysics

October 7, 2019, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") announces it has entered into an earn-in agreement ("Agreement") with Vale Canada Limited ("Vale"), in which Mundoro has granted to Vale an option to earn-in to four of Mundoro’s exploration licenses: Sumrakovac, Osnic, Dubrava and Padina (the “Vale-Mundoro Projects”) located within the Timok Magmatic Complex (“Timok”) in Serbia.   Timok is one of the most prolific metallogenic domains in the Tethyan Belt. Timok hosts the Cukaru-Peki deposit and the producing mines: the Bor copper porphyry underground mine and the Veliki Krivelj copper-gold porphyry open-pit mine (“Bor Mine Complex”) (see Figure 1: Location Map). Teo Dechev, CEO and President of Mundoro commented, “Mundoro is pleased to welcome Vale as our latest partner in Serbia, which reflects the prospectivity of Mundoro’s land package within the Timok region and demonstrates the growing interest in this region.” Terms Overview Pursuant to the Agreement, Mundoro has granted to Vale an option to earn, over two primary phases, up to a 75% interest in the Vale-Mundoro Projects by sole funding expenditures of up to US$45 million (C$60 million) as follows: Phase One: Vale has the right to earn a 51% interest in the Vale-Mundoro Projects by sole-funding US$5 million (C$7 million) in expenditures over 3 years from satisfaction of the due diligence condition (“Phase One”). Mundoro will be the operator of the Vale-Mundoro Projects in Phase One. Phase Two: Following Phase One, Vale has the right, exercisable within 60 days, to elect to enter Phase Two, whereupon it can earn an additional 24% interest in the Vale-Mundoro Projects, for a total 75% interest, by sole-funding an additional US$40 million (C$53 million) in expenditures (the “Phase Two Option”) by the fifth anniversary of the election date. If Vale (a) elects not to enter Phase Two, or (b) does not satisfy the Phase Two Option, then Vale will pay to Mundoro an annual fee of US$150,000 (C$198,550) (“Annual Payment”). Annual Payments cease upon commencement of commercial production. All Annual Payments will be credited against future payment obligations under the NSR. Additional Terms: The parties have agreed to establish a new Serbian corporation as the legal vehicle representing the earn-in/joint venture and to hold the relevant licenses and permits; the earn-in period will commence once all relevant organizational matters and transfers relating to the new corporation have been completed. On completing the Phase Two, Vale will have a right, exercisable for a period of 60 days, to purchase an additional 5% interest in the Vale-Mundoro Projects from Mundoro, for a total of 80% interest.  The purchase price for the 5% interest will be based on a calculation of the fair market value as determined by an independent appraisal. If Mundoro’s interest in the joint venture is reduced below 10% through dilution, Mundoro’s interest will be converted to a 2% Net Smelter Returns Royalty (“NSR”) subject to Vale’s right to reduce the NSR to a 1% NSR by making a fixed price payment to Mundoro. Project Information Overview of Sumrakovac Sumrakovac license is 106 sq.km area located 5 km southwest of the Bor Mine Complex and 4 km west of the Cukaru-Peki high sulphidation Cu-Au deposit and hosts porphyry copper-gold style mineralisation. Main target is the Skorusa hydrothermal system, 4.5 km by 2 km  of pervasive argillic-phyllic alteration hosting two porphyry centers Skorusa West and Skorusa East. Skorusa West target hosts a zone with potassic alteration and associated Quartz-stockwork mineralisation at surface, extending NE-SW for about 200 m along strike. Surface rock sampling of the Quartz-stockwork returned 23m @ 0.72 g/t Au and 0.17% Cu. Work completed to date at Sumrakovac includes geological mapping, soil and rock sampling and geophysical surveys. Mundoro drill programs include 9 diamond drill holes totalling 2896m and 6 reverse circulation (RC) holes totalling 609m drilled within the Skorusa hydrothermal system 4.5km by 2km and aimed to test various targets. The drilling confirmed the existence of a large porphyry related alteration system with at least two mineralized centers (Skorusa West and Skorusa East). Drilling at Skorusa West successfully confirmed gold-copper mineralisation related to stockwork veining as part of a multiphase porphyry system. The mineralisation remains open laterally and vertically down plunge to the WNW. Some of the significant results are: 63.4m @ 0.30 g/t Au and 0.11% Cu from 71.6m; drill hole SUMDD001 60.0m @ 0.30 g/t Au and 0.14% Cu from 54.0m; drill hole SUMDD002 36.0m @ 0.21 g/t Au and 0.19% Cu from 289m; drill hole STDD002, collared 270m SW of SUMDD001 At Skorusa East all drill holes intersected hydrothermally altered andesite volcanics interpreted to be part of a larger footprint of a porphyry system. Trace disseminated chalcopyrite and quartz-chalcopyrite-pyrite B-veins were encountered throughout the STRD005 drillhole suggesting existence of a different mineralized center to the east. Quartz-magnetite stockwork-like veinlets and D-type porphyry sulphide veins were also identified and remain untested. 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. 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. Overview of Osnic Osnic license totals 76 sq.km and is located directly east of the Savinac license and south-east of Sumrakovac license. The Osnic license covers an area of structural complexity - intersection of major structures recognised in Timok Belt and has potential for undercover epithermal and porphyry Cu-Au mineralisations. Completed exploration work at Osnic includes geological mapping, limited geochemical sampling (stream, soil and rock), ground magnetic survey and scout drilling of three RC holes totalling 501 m and one diamond drill hole totaling 251.2m. Northern part of the license is highlighted by copper-in-soil anomaly from a regional 1km x 1km grid survey. Drill hole 18-OSN-01 intersected disseminated native copper and chalcocite mineralisation in clasts indicative for nearby mineralised source. Overview of Dubrava Dubrava totals 51 sq.km wrapping around the eastern side of the Bor Mine Complex and the Veliki Krivelj open pit mining operation and 3.5km north from the Cukaru Peki deposit. Previous drilling identified hydrothermal breccia in drill hole BJ04 from the southwestern corner of the license and intersected 28m @ 0.24% Cu and 0.25 g/t Au from 22m. The brecciated zone correlates with resistivity geophysical anomaly that remains open to the west and is controlled by NNW striking fault zone. NNW regional structures also control the Bor and Veliki Krivelj Cu-Au epithermal and porphyry orebodies. Southern part of the license is mostly covered by Miocene and Cretaceous sediments with scarce outcrop of prospective andesite which has demonstrated anomalous Cu-Mo-Au rock, soil and drill core geochemical assay results as well as containing argillic hydrothermal alteration at surface. Structurally this part of the project sits on the main Bor – Cukaru Peki mineralised trend. Lack of outcrop and the cover predetermined reliance on geophysical exploration methods. The company has completed AMT, CSAMT, IP and gravity surveys. 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 breccia zone in drill hole BJ04. The two drill 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 to the direction of the drill holes. Additionally, the Company has carried out structural analysis over the license which will be combined with detailed interpretation of all results obtained to date in order to prioritize the next phase of exploration. Overview of Padina Padina is located 4 km east of the Bor Mine Complex and totals 12 sq.km with the potential to host sediment hosted epithermal Au and Cu-Au porphyry style mineralization. Similar to the Dubrava license, Padina’s potential is considered undercover, therefore geophysical exploration was widely applied and used for targeting combined with regional and detail structural analysis.   Six conceptual targets were delineated and prioritised using the current knowledge of geophysical models of porphyry and epithermal deposits. One diamond drill hole was completed to 401m depth testing one of the conceptual targets. The drill hole intersected wide fault zone containing disseminated sulphides - mainly pyrite with no significant results. Mundoro Generative Programs and Outlook for Projects Available for Option or Joint Venture The Company has an ongoing target generation program where we evaluate both existing and new target areas. Several target areas in Serbia are currently under review.  The Company has made a number of applications in 2019 for further exploration areas.  Mundoro continues to have discussions with interested third parties seeking options on our available projects, confirming the growing interest in exploring in Timok, Serbia as well as in Bulgaria. Sampling, Assaying, QA/QC, and Qualified Person Mundoro’s samples were collected in accordance with industry best practice standards. The samples were submitted to SGS managed laboratory in Bor, Serbia for sample preparation and analysis or to  ALS Prep Laboratory in Bor, Serbia, for sample preparation and then internally submitted to ALS Romania and ALS Ireland for analysis. Samples are processed and assayed using 50-gram fire assay with atomic absorption (AAS) finish and multi-element method 4 acid digestion ICP-AES package. 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. All data collected in the field and assay results from the laboratories are routinely verified and entered into an Access database. Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. About Mundoro Mundoro is a Canadian mineral exploration and development public company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. The Company holds a diverse portfolio of projects in Serbia and Bulgaria as well as an investment in a producing gold mine in Bulgaria. There are eight licenses in Serbia, one of is optioned to JOGMEC, two licenses are optioned to Freeport-McMoRan Exploration Corporation, four licenses are optioned to Vale and one license, Zeleznik available for third parties to option. In Bulgaria, Mundoro has formed a Generative Alliance with JOGMEC. Mundoro’s common shares trade on the TSX Venture Exchange under the symbol “MUN”. For further information please contact: Teo Dechev, CEO, President and Director Mundoro Capital Inc. Phone: +1-604-669-8055 Caution Concerning Forward-Looking Statements This News Release contains forward-looking information and statements (“forward-looking statements”) under applicable securities laws. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, the completion of exploration work on any Projects and licenses and results of that exploration work, the prospect of one or more joint ventures and other statements regarding activities, events or developments that the Company expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe", “promising”, “encouraging” or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward-looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and Mundoro undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Figure 1: Location Map

September 3, 2013, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on its exploration activities at the 100% owned Savinac property within the Timok Magmatic Complex (TMC) in northeast Serbia.  The TMC hosts significant Cu-Au porphyry and related Cu-Au epithermal deposits. Detailed mapping and rock sampling have been completed over the Savinac license at the southern end of the TMC. Following up on an assay result of 8.19 g/t Au from a grab rock sample collected during geological mapping at the Tilva Rosh prospect within the Savinac license, the Company conducted a trenching program over the anomalous area (Figure 1). First assay results received from the trenching at Tilva Rosh highlighted high grade mineralized intercepts in three trenches: Trench 4  -  12m @ 30.39 g/t Au and 171.27 g/t Ag Trench 2  -  8m @ 5.31 g/t Au and 21.07 g/t Ag Trench 1  -  18m @ 2.21 g/t Au and 29 g/t Ag Table 1:  Initial Trench Results from Tilva Rosh -Weighted average calculated using uncut assays. -Trench intercepts are sample lengths and further work is required to determine true widths. Teo Dechev, President and CEO commented, "We are very pleased to see the grade and widths of gold mineralization in our first Tilva Rosh trenches at the Savinac license. We will continue to explore this prospective area, as well as the Markov Kamen prospect further south in the same license.  In addition, the Company’s first scout drill program is continuing at our 100% owned Borsko Jezero property where we expect to announce results in the fourth quarter of 2013.  This is an exciting time for our shareholders." The Tilva Rosh epithermal system is expressed on the surface with a large area of advanced argillic alteration covering 4 km by 1 km in size and is part of the Savinac mineralized belt (9 km by 2 km), which also includes the Markov Kamen prospect (See Figure 1), entirely within Mundoro’s 100% owned Savinac license.  The highest grade results are related to a NNW oriented mineralized structure controlling massive gossan-silica hydrothermal breccia, vuggy quartz and quartz veins. The mineralized intervals are open to the north and south and need further exploration in all directions. Additional trenching to follow-up continuation of the mineralized feeder structure is underway. Sampling and Analysis All trench intercepts were obtained from continuous channel sampling at 2m intervals. All samples are assayed using 50 gram fire assay with atomic absorption finish 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 data base. The technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., the Qualified Person as defined by National Instrument 43-101. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director About Mundoro Capital Inc. Mundoro is a well-funded, Canadian based, company focused on mineral acquisition, exploration, and development. Our primary focus is advancing our properties on the Tethyan Belt in Southeastern Europe.  Mundoro has methodically acquired a district-scale land position on this prolific mineral belt which hosts significant Gold-Copper porphyry and related epithermal deposits. Our strong project pipeline, which also includes assets in Mexico and China, is positioned to drive long-term, sustainable growth in order to attain production and shareholder return. Caution Concerning Forward-Looking Statements Information included, attached to or incorporated by reference into this News Release may contain forward looking statements. All statements, other than statements of historical fact, included or incorporated by reference in this News Release are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Board expects or anticipates may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar words or the negative thereof. The material assumptions that were applied in making the forward looking statements in this News Release include expectations as to the Company's future strategy and business plan and execution of the Company's existing plans. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contact Information For further information please contact Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor Relations at +1-732-792-2200.

April 29, 2020 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), announces filing audited consolidated financial statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posting on the Company’s website at www.mundoro.com. All amounts are in Canadian dollars unless otherwise stated. Along with the filing of financial statements, Mundoro provides an update on our exploration activity and corporate activity in response to the COVID-19 outbreak which has created evolving guidelines and rules in the jurisdictions where we operate. COVID-19 Response Mundoro is closely monitoring the COVID-19 situation and have taken precautionary measures at the Company’s sites and offices to help protect the safety of our workforce and local communities. The Company is following the public health directives for COVID-19 safety outlined by the local governments at each of its operations. Mundoro’s exploration team continues to work with project data for interpretation and targeting as well as converting our project workspaces to 3D environments for enhanced visualization of targets and further drill planning. Corporate Initiatives to Manage Costs As of March 30, 2020, Mundoro had working capital of C$3.1 million with no debt and 80.6 mln shares outstanding. Mundoro remains in a strong overall financial position as a result of its treasury and the reduction in expenditures in 2020. Mundoro’s cash position exceeds the Company’s exploration work commitments for calendar 2020 as well as general corporate expenditures. Mundoro’s Objectives for 2020 Commence exploration on the Vale-Mundoro JV Projects in the second half of 2020. Add partner(s) for Mundoro’s projects available for optioning. Enter into exploration contract for the Svoboda project with Bulgarian government. Outlook for Projects Available for Option or Joint Venture Mundoro continues to have discussions with interested third parties seeking to option Mundoro’s available projects, confirming the continued interest in exploring in Timok, Serbia as well as Bulgaria.  Additionally, the Company has seven areas under application in Serbia and three areas under application in Bulgaria. Zeleznik (Available for Optioning) Exploration Update Mundoro completed a 450-meter drill program in March 2020 at the Zeleznik group of licenses which are 100% owned by the Company and available for optioning.  Zeleznik is directly north of the Majdanpek mine at the north end of the Timok district (see Figure 1).  The drill program was designed to test the southern extension of the East Zone by 200 m to the south with two inclined drill holes.  Figure 2 illustrates a 3D model of the West and East Zones with a chargeability shell to illustrate the potential for further mineralization to the south, the north and at depth.  After the state of emergency is lifted in Serbia, the Company will send samples to the assay lab in Bor.   In the meantime, the Company is completing detailed logging, core photo collection along with XRF analysis and alteration analysis.  The Company expects to send assays to the lab and receive assay results in Q2/2020. Figure 1 – Location Map of Projects in Serbia Notes: 1. Third party resources estimates based on those reported by RTB Bor Group. Resources reported according to Russian classification system.  2. Nevsun NI 43-101 Technical Report on SEDAR. Figure 2 – Zeleznik 3D model of West and East Zone with IP Chargeability Shell with drilling targets (click on image to view 3D model video) https://youtu.be/AYRia3jC1Dw Option Status A data room for the project has been opened for third parties which have a confidentiality agreement (“CA”) signed with the Company.  Mundoro has received interest and progressed on discussions for this project area. Vale-Mundoro Projects Exploration Update and Earn-in Status For the Vale-Mundoro Projects, compiled data sets are being reviewed for targeting and exploration planning.  Data review includes: drill logs, structural interpretation, geophysical survey review of ground magnetics, CSAMT, IP and gravity data, as well as alteration and geochemistry analysis. The parties await final regulatory approvals for field exploration activity to be restarted. Freeport-Mundoro Projects Exploration Update For the October 2019 to March 2020 drill program, Mundoro deployed three drill rigs and tested four of the five target areas (see Figure 3 – Freeport-Mundoro Projects - Drill Target Locations).  The original program contemplated 3,500 meters of drilling, but Freeport-McMoRan Exploration Corporation (“Freeport”) and Mundoro agreed to substantially  increase the scope of the program, completing 8,735 meters by the time the program was suspended due to restrictions related to the COVID-19 pandemic in March.  The parties had not yet commenced drilling on the fifth target, Markov Kamen, when exploration work on the property was suspended.  The Company is waiting for the final batch of assay drill results and intends to provide a market update on the program in Q2-2020. All work commitments for the licenses have been met and exceeded in investment through to October 30, 2021.  Therefore, no further expenditures are required to maintain the licenses for these projects. Markov Kamen (Savinac License) – NOT COMMENCED Status: Drilling did not commence as the Company was awaiting permits from the Forestry Department and thereafter a decision was made to terminate drilling due to the state of emergency imposed in Serbia from COVID-19. Tilva Rosh (Savinac License) - COMPLETED Status: Drilling has been completed with a total of 2,980 meters drilled over 4 drill holes. Interpretation of drill results are expected in Q2-2020. Prekostenski (Bacevica License) - COMPLETED Status: Drilling was completed for 2,887 meters over 6 drill holes. Interpretation of drill results are expected in Q2-2020. Orlovo Brdo (Bacevica License) - COMPLETED Status: Drilling has been completed with a total of 2,325 meters over 4 drill holes. Interpretation of drill results are expected in Q2-2020. D-Vein (Bacevica License) - COMPLETED Status: Drilling has been completed with a total of 542 meters over 1 drill Interpretation of drill results are expected in Q2-2020. Figure 3 – Freeport-Mundoro Projects - Drill Target Locations Option Status To date, Freeport has sole funded a total of US$3.2 million (C$4.5 million) on the Freeport-Mundoro Projects.  Freeport informed Mundoro that it is restructuring its exploration programs.  On April 28, 2020 Freeport sent notice terminating the earn-in agreement.  This results in the entire project areas reverting 100% to Mundoro for no consideration.  A data room for the project has been prepared for third parties which have a CA signed with the Company.  Mundoro has received interest for this project area. JOGMEC-Mundoro JV Project in Serbia Exploration Update At the Borsko license, upon completion of the 2019 drill program consisting of 4,000 meters over six drill holes, Japan Oil, Gas and Metals National Corporation (“JOGMEC”) and Mundoro, the joint venture partners (“JV Partners”), engaged a geophysical contractor from Australia which has experience in utilizing geophysics for undercover exploration to reprocess the geophysical data.  Interpretation from the geophysics review identified further drill targets to follow up at Target 1 and additional locations to test on the license. JV Status To date, JOGMEC has sole funded a total of US$5.8 million (C$8.3 million) for the JOGMEC-Mundoro JV Project, and has completed the earn-in for a 51% interest in the project.  All work commitments have been met for the JOGMEC-Mundoro JV Project during this term. The joint venture is now at a proportionate funding stage, with Mundoro entitled to exercise an option to acquire a 2% interest in the joint venture from JOGMEC (taking Mundoro to 51%) for nominal consideration and maintain its role as the operator.  The JV Partners are discussing alternatives for further funding and exploration at Borsko.  A data room for the project has been opened for third parties which have a CA signed with the Company.  Mundoro has received interest for this project area. JOGMEC-Mundoro Generative Alliance in Bulgaria In March 2019 Mundoro entered into a Generative Alliance with JOGMEC to generate project areas in the Republic of Bulgaria.  The Generative Alliance was sole-funded by JOGMEC and completed in Q4-2019. In Q1-2020 JOGMEC elected to designate a few target areas to proceed to the next stage of the agreement.  Upon receiving relevant government approvals, Mundoro and JOGMEC intend to enter into an agreement to pursue exploration of these target areas. About Mundoro Capital Inc. Mundoro is a Canadian listed (TSX-V: MUN) precious and base metal company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  Mundoro has generated an attractive pipeline of copper and gold projects in Serbia and Bulgaria, as well as an investment in a producing gold mine in Bulgaria, in order to drive long-term growth and achieve shareholder return.  Potential future returns for our shareholders from our mineral projects can be in various forms such as discovery of mineral resources, royalties, advance royalty payments from partners, a direct interest in production, dividend payments or sale of our interest in the mineral property. On behalf of the Company, Teo Dechev, Chief Executive Officer, President and Director Qualified Person Technical information contained in this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., Qualified Person as defined by National Instrument 43-101. Caution Concerning Forward-Looking Statements This News Release contains forward-looking statements. Forward-looking statements can be identified by the use of forward-looking words such as “can”, "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 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.

May 22, 2020 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), is pleased to report its quarterly update for exploration and corporate activity for the three months ending March 31, 2020.  The Company has filed its quarterly Consolidated Financial Statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posted on the Company’s website at www.mundoro.com. Mundoro’s Objectives for 2020 Commence exploration on the Vale-Mundoro JV Projects in the second half of 2020. Add partner(s) for Mundoro’s projects available for optioning. Enter into exploration contract for the Svoboda project with the local government. Corporate and Business Development Mundoro continues to have discussions with interested third parties regarding Mundoro’s projects which are available for optioning, confirming the continued interest in exploring in Timok, Serbia as well as Bulgaria. Savinac and Bacevica The two licenses, Savinac and Bacevica, previously part of the Freeport earn-in from October 2018 to April 2020, have reverted 100% to Mundoro for no consideration.  Freeport informed Mundoro that it is restructuring its exploration programs and accordingly terminated their earn-in.  Mundoro has since then set up a data room, signed confidentiality agreements and engaged in due diligence with third parties.  Freeport sole funded a total of US$3.2 million (C$4.5 million) on these two licenses, therefore the current term work commitments for the licenses have been met.  No further exploration expenditures are required to maintain the licenses while Mundoro continues discussions with third parties. Vale-Mundoro Projects For the Vale-Mundoro Projects, compiled data sets are being reviewed for targeting and exploration planning.  The parties await government approvals before exploration activity can be commenced. JOGMEC-Mundoro JV Project To date, JOGMEC has sole funded a total of US$5.8 million (C$8.2 million) for the JOGMEC-Mundoro JV Project, and has completed the earn-in for a 51% interest in the project.  All work commitments have been met for the JOGMEC-Mundoro JV Project during this term. The joint venture is now at a proportionate funding stage, with Mundoro entitled to exercise an option to acquire a 2% interest in the joint venture from JOGMEC (taking Mundoro to 51%) for nominal consideration and maintain its role as the operator.  The JV Partners are discussing alternatives for further funding and exploration at Borsko.  A data room for the project has been opened for interested third parties which have signed a confidentiality agreement with the Company. Zeleznik A data room for the Zeleznik project has been opened for interested third parties which have a confidentiality agreement signed with the Company. Generative The Company has several areas under application in Serbia and Bulgaria as a result of the Company’s generative programs in these two jurisdictions. Financial Highlights and Initiatives to Manage Costs Earn-in parties funded exploration costs totaled $1,230,158 and operator fees earned totaled $108,636. Mundoro funded exploration costs for generative programs totaled $136,916. Corporate expenses totaled $98,839, versus $120,346 in 2019. At March 31, 2020, Mundoro had a treasury position of $3.1 million and no debt. During ongoing global impacts to commerce as a result of the COVID-19 health pandemic, the board of directors and management considers it prudent for the Company to take steps to reduce non-essential expenditure pending a return to normal business conditions. The initiatives below are expected to result in cash preservation for 2020 whilst they are in effect: Capital expenditures that are not essential to support ongoing exploration programs have been reduced or deferred, and Corporate and marketing expenditures have been reduced. Summary of Completed Drill Programs in Q1-2020 Savinac and Bacevica, Timok, Serbia (Available for Option) In Q1-2020, Mundoro completed the target testing drill program at the Savinac and Bacevica exploration licenses in the Timok Magmatic Complex (“Timok”) in eastern Serbia. The two licenses are located within the southern portion of Timok, one of the most prolific metallogenic domains in the Tethyan Belt with deposits such as the Cukaru-Peki, the Bor copper porphyry underground mine and the Veliki Krivelj copper-gold porphyry open-pit mine (Figure 1 and 2). Following the results from the initial drilling program carried out between October 2018 – February 2019, as well as based on results from the completed alteration mapping and geophysical surveys, a second drilling campaign was initiated in October 2019. Total drilling was originally planned for a 3,500-meter program and increased to a total of 8,735 meters.  The three-drill rig program tested four of the five target areas between October 2019 and February 2020 (see Figure 3 and 4).  The fifth target to be tested, Markov Kamen, was scheduled to commence in March 2020 but the program was suspended due to restrictions related to the COVID-19 pandemic. Tilva Rosh (Savinac License) The Tilva Rosh target is a large area of zoned argillic to advanced argillic alteration containing epithermal gold mineralization cropping out at surface as observed through trench sampling by Mundoro in 2013 which returned 12 m of 30 g/t gold and 171 g/t silver (see Figure 3). Interpretation of prior drilling suggests the epithermal mineralization is proximal to a copper-gold porphyry system. The target is characterized by: a large 3.5 km x 1 km alteration zone at surface, which correlates laterally with an Induced Polarization (“IP”) chargeability-high.  Beneath the IP chargeability high and resistivity high, remains an untested intermediate to low CSAMT/NSAMT resistivity anomaly. Interpretation models from both the IP-Resistivity and CSAMT/NSAMT were combined with additional layers of data to select targets for follow up drilling. Drilling commenced in October 2019 which drilled a total of 2,980 meters over 4 drill holes. Results of note are in Table 1. Signs of nearby porphyry system were found in the drill holes through observations of: minor banded quartz-specularite, center parting quartz-pyrite “B” veins, and pyritic “D” veins. Zoned alteration pattern was recognized in drill holes FMSC19008 and FMSC20018 completed in the central portion of the target. Core of inner propylitic alteration, presented by remnants of patchy hydrothermal magnetite and traces of chalcopyrite mineralization was observed in drill hole FMSC19008 rimed by a halo of phyllic alteration (sericite-chlorite-quartz).  The inner propylitic alteration appears open and down plunging to the west.  The advanced argillic alteration and gossano texture mapped at surface was confirmed in the first 200 m of drill hole FMSC19008, right above the phyllic and the inner propylitic zones with elevated copper of 700-800 ppm Cu. Drill hole FMSC20018 (east of FMSC19008) was drilled into dominantly argillic alteration and thereafter entered an epidote-rich zone which suggests outward alteration zoning to the east.  Therefore, the drill hole was terminated. The area 500 m to the west of recent drill hole FMSC19008, as well as to the north and south, all along the mapped 3.5 km of strong argillic to advanced argillic alteration zone, remain open for further drill testing based on the drill core review which is also supported by the geophysical and geochemical data. Broad zone of alteration and veining over several kilometers suggest that the Tilva Rosh target has potential to host a significant porphyry system. Markov Kamen (Savinac License) The Markov Kamen target is an epithermal target identified by several copper-gold-in-soil geochemical anomalies related to 4 km x 1.2 km zone of argillic and advanced argillic alteration located 2 km south of the Tilva Rosh target (see Figure 3). Five drill holes completed from previous programs at Markov Kamen intersected hydrothermal breccia and vuggy silica, signs of high-sulphidation type epithermal mineralisation controlled by northwest structures. Measured contacts to the country rock suggest the epithermal mineralization remains open towards the west. Markov Kamen target is characterized by narrow IP anomalies that coincide spatially with narrow magnetic susceptibility low and intermediate resistivity anomalies.  At depth, beneath the IP high anomaly, large intermediate resistivity CSAMT/NSAMT anomalies are observed associated with altered volcanic rocks. The priority target for drill testing is around drill hole FMSC19007, which is located in Markov Kamen South.  This drill hole returned 36.0 m of 0.19% copper, 0.25 g/t gold starting at 65 meters, related to quartz-pyrite-sphalerite-galena-chalcopyrite veins, and 35.6 m of 0.17% copper, 0.16 g/t gold starting at 138.4 meters, related to black sulfides and chalcopyrite, among silicified breccia bodies. During this drill program, drilling did not commence at this target as the Company was awaiting permits from the Forestry Department and thereafter the decision was made to terminate drilling due to the COVID-19 related restrictions. The Markov Kamen target requires further drill testing. Prekostenski (Bacevica License) Copper-gold porphyry target identified by mapping and surface sampling which resulted in 55 m of 0.28 g/t gold and 0.21 % copper. The exploration work identified chalcopyrite-magnetite mineralisation hosted in potassic altered diorite at surface (see Figure 2 and 4). One drill hole from 2018 confirmed the extension of the surface mineralisation to a depth of 68.6 m. Quartz-pyrite-chalcopyrite veins were observed hosted in K-Feldspar altered diorite porphyry and returned an intercept of 49.8 meters of 0.14 g/t gold and 0.13 % copper from surface. Drilling commenced in November 2019 which has drilled a total of 2887 meters over 6 drill holes. Best results were obtained from drill hole FMSC19013 that returned: 13.5m of 0.14% copper, 0.11 g/t gold from 34 meter and, 69.0 m of 0.14% copper, 0.19 g/t gold from 75 meter, both within much larger anomalous interval of 152m of 0.11% copper and 0.12 g/t gold from 20.0m depth. Results of note are (Table 1). Drilling confirmed copper-gold porphyry system at Prekostenski related to sub-vertical diorite porphyry with quartz stockwork veining. Late faulting plays a role to displace the system making difficult to understand the directions and controls of the mineralization at that stage. Late diatreme (pebble dike) contains quartz stockwork porphyry clasts intersected next to the diorite porphyry suggesting undiscovered mineralisation at depth and around. Four additional drill targets have been interpreted within the property area and require further drilling to test the conceptual model. Orlovo Brdo (Bacevica License) This target is a broad zone of phyllic alteration of 3,000 m x 700 m with gold and copper anomalism (see Figure 2 and 4). Our drill hole from the 2018 drill program, intersected a zone of quartz vein stockwork mineralization related to potassic altered diorite from a depth of 458 m, returning 26 m of 0.10% Cu and 0.23 g/t Au, overlain by strong phyllic alteration from surface. In 2019 the geophysics completed identified the target has high IP anomalies coincident with resistivity and magnetic susceptibility anomalies. After completion of geophysics, drilling commenced in November 2019 which drilled a total of 2,325 meters over 4 drill holes.  The drill program was designed to define the down-dip extension and the geometry of the quartz-veined zone intersected in the drill hole from 2018.  The zone was confirmed in holes FMSC19012 and FMSC19015, as well as in FMSC20020 to a depth of 793.8 m when the drill hole was abandoned due to technical difficulties. Drilling confirmed a porphyry copper-gold system with quartz veining, remnants of distal potassic alteration and at least two porphyry phases. The system remains open to north-northwest and northeast as supported by the drilling results and the soil Cu-Au anomalies. Further drilling was planned to test for the continuation of veining, stronger potassic alteration and increasing of copper-gold grades at Orlovo. This target requires further drill testing. D-Vein (Bacevica License) This target covers an area of 1,000 m x 500 m of phyllic, argillic and advanced argillic alteration, located 2.3 km south-southeast of the Orlovo Brdo target (see Figure 2 and 4).  Adjacent to this zone, there are copper-gold mineralized D-veinlets, that could represent the top or lateral portion of a porphyry system. Mapping and rock sampling of the veins returned 2% copper and 7.2 g/t gold in grab samples. The target is characterized by north-south trending IP high anomaly from surface to 650 m.  The IP anomaly appears on either side (to the west and to the east respectively) of a sharp resistivity contact interpreted as a north-south trending fault. Drilling commenced in November 2019 which drilled 542 meters in one drill hole.  Drill hole FMSC19009 targeted the depth extension of the mapped D-veinlets on surface which correlate with the IP chargeability high and the resistivity high/low contact. Although, the continuation of outcropping D-veinlets was not confirmed at depth with this drill hole, the conclusion from the drill program is that further exploration and targeting is needed to understand the controls of the veins and their relation to a possible porphyry source. Table 1: Drill Hole Summary Results Copper equivalent (CuEq%) is calculated using the formula CuEq = (%Cu) + <(g/t/aueq) x (1/31.1035) x ($/oz au)> ÷ <(22.0462) x ($/lb cu)>. Metal prices used are: gold price of US$1,357/oz, copper price of US$2.81/lb, the average of the last three years period. All thicknesses from intersections from drill holes are down-hole drilled thicknesses and not true widths. Zeleznik, Timok, Serbia (Available for Option) Mundoro completed a 450-meter drill program in March 2020 at the Zeleznik group of licenses which are 100% owned by the Company and available for optioning.  Zeleznik is directly north of the Majdanpek mine at the north end of the Timok district (see Figure 1).  The drill program was designed to test the southern extension of the East Zone by 200 m to the south with two inclined drill holes.  After the state of emergency related to COVID-19 is lifted in Serbia, the Company will send samples to the assay lab.  In the meantime, the exploration team is completing detailed logging, core photo collection along with XRF analysis and alteration analysis.  The Company expects to be able to report assay results in Q2-2020. Drilling, Sampling, Analysis and Quality Assurance and Control The drilling technique was triple tubed diamond drilling from surface for PQ and HQ, while for NQ was double tubed. The drill holes were generally cased from surface progressing from PQ to HQ at 260 m on average, however exact depths vary from hole to hole. Drill hole orientations were surveyed at 30 meters intervals. Drill core was oriented using the Reflex EZ-Trac tool, the bottom of oriented core was marked by the drillers and this was used for marking the whole drill core with reference lines. 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 was measured and recorded continuously from the top to the end of the hole for every drill hole. Each run of 3m length was marked by plastic core block which provided the depth drilled. Core recovery is recorded as 96.3-100% in most intervals. The drill core was sawn into quarter for PQ diameter and into two for HQ and NQ diameter, along drill core orientation line using a core-cutter and left half looking downhole was collected in bag and submitted for analysis, the other half is kept in tray and stored. Samples were collected at three-meter lengths from mineralised intervals and three to five-meter lengths from non-mineralised intervals with brakes for major geological changes. The samples were submitted to ALS Prep Laboratory in Bor, Serbia, for sample preparation and then internally submitted to ALS Romania and ALS Ireland for analysis. The samples were fine crushed to 2mm with 70% pass, split by rotary splitter to produce 1000 g sub-sample which was pulverized with 85% passing 75 um using. The samples were assayed using 50 grams charge for Au-fire assay with AES finish and multi-element method ME-MS61 – 48 element four acid ICP-MS. Samples returned above > 3 ppm Au, >1% Cu, >1% As and >100 ppm Ag were additionally analyzed with method OG62. 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 and 30 samples, blank samples every 50 samples, field duplicates every 50 samples, crush duplicates every 50 samples and pulp duplicates at every 50 samples. 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 listed (TSX-V:MUN) precious and base metal company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders.  Mundoro has generated an attractive mineral project pipeline in Serbia and Bulgaria, as well as an investment in a producing gold mine in Bulgaria, in order to drive long-term growth and achieve shareholder return.  Potential future returns for our shareholders from our mineral properties can be in various forms such as discovery of mineral resources, royalties, advance royalty payments from partners, an interest in production, dividend payments or sale of our interest in the mineral property. 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. Figure 1 – Project Location Map in Timok Notes: 1. Third party resources estimates based on those reported by RTB Bor Group. Resources reported according to Russian classification system.  2. Nevsun Resources Inc - NI 43-101 Technical Report on SEDAR.  Mineralization hosted on adjacent and or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties. Figure 2 – Savinac and Bacevica - Target Area Locations Figure 3 – Savinac - Drill Targets and Current Drill Hole Locations Figure 4 – Bacevica - Drill Targets and Current Drill Hole Locations For further information, please visit Mundoro Capital website www.mundoro.com Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

August 24, 2020 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), is pleased to report its quarterly update for exploration and corporate activity for the three months ending June 30, 2020. The Company has filed its quarterly Consolidated Financial Statements and Management’s Discussion and Analysis on SEDAR at www.sedar.com and posted on the Company’s website at www.mundoro.com. Highlights for Q2-2020 Financial Update The Company ended Q2-2020 with $2,378,168 in cash and cash equivalents. Mundoro has no long-term debt. During the six months ended June 30, 2020 and 2019, the Company received operator fees of $116,302 and $135,940 for its role as the operator on exploration programs for option partners. The Company’s exploration costs were lower for the six months ended June 30, 2020 at $1,742,150 compared to $1,990,496 for the six months ended June 30, 2019. Exploration costs related to the JOGMEC Generative Alliance, JOGMEC-Mundoro JV Project, Vale-Mundoro Projects, and the two licenses, Savinac and Bacevica, previously part of the Freeport earn-in from October 2018 to April 2020, were sole-funded by option partners. Recoveries from partners during the six months ended June 30, 2020 and 2019, amounted to $1,197,817 and $1,337,490, resulting in net exploration costs of $544,333 and $653,006, respectively. During the period, Mundoro recorded lower corporate expenses of C$151k mainly due to decreased expenses for governance, accounting and audit, and corporate communication. All other corporate expenses incurred by the Company remained relatively constant from the prior period. Operational Update and Outlook Since 2016, Mundoro’s business strategy has benefited from partner-sole-funded programs of US$13.6 million and Mundoro has generated operator fees of US$1.3 million (C$1.7 million). Mundoro continues to advance discussions with interested third parties regarding Mundoro’s existing copper and gold projects in our portfolio. These discussions are in line with the Company’s business model to generate future returns for our shareholders from our mineral properties through royalties, advance royalty payments, milestone payments, operator fees to operate partner programs, an interest in commercial production or sale of our interest in a mineral property. In eastern Europe, MUN was an early mover in recognizing the opportunities for copper and gold projects in the western portion of the Tethyan belt, and quickly staked and then optioned projects for operator fees, work commitments, and royalty interests. Mundoro continues to grow the eastern European exploration portfolio while working on new deals for the existing projects. The Company has new applications for gold and copper projects in Serbia and Bulgaria which can continue to attract mining industry interest. A core part of our business is to identify new opportunities in the field, hence to remain in the field we have developed new practices to work within the restrictions observed during the COVID-19 health pandemic in the jurisdictions in which we operate, in order to protect the health and well-being of our staff, consultants and partners, as well as the members of the communities where we operate. Figure 1 – Project Location Map in Timok Notes: 1. Third party resources estimates based on those reported by RTB Bor Group. Resources reported according to Russian classification system. 2. Nevsun Resources Inc - NI 43-101 Technical Report on SEDAR. Mineralization hosted on adjacent and or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties. Vale-Mundoro Projects For the Vale-Mundoro Projects (see Figure 1), compiled data sets are being reviewed for targeting and exploration planning. Data review includes: drill logs, structural interpretation, geophysical surveys of ground magnetics, CSAMT, IP and gravity data, as well as alteration and geochemistry analysis. The parties are awaiting government approvals before exploration activity can commence. JOGMEC-Mundoro JV Project To date, JOGMEC has sole funded a total of US$5.8 million (C$8.2 million) for the JOGMEC-Mundoro JV Project (see Figure 1), and has completed the earn-in for a 51% interest in the project. All work commitments have been met for the JOGMEC-Mundoro JV Project during this term. The joint venture is now at a proportionate funding stage, with Mundoro entitled to exercise an option to acquire a 2% interest in the joint venture from JOGMEC (taking Mundoro to 51%) for nominal consideration and maintain its role as the operator. An online data room with a 3D model for the project has been opened for interested third parties which have signed a confidentiality agreement with the Company. The Company has received interest from a number of third parties to review the project. Savinac and Bacevica (Available for Option) The two licenses, Savinac and Bacevica (see Figure 1), previously part of the Freeport earn-in from October 2018 to April 2020, have reverted 100% to Mundoro for no consideration. Freeport sole funded a total of US$3.2 million (C$4.5 million) on these two licenses, therefore the current term work commitments for the licenses have been met. Mundoro has signed Confidentiality Agreements with a number of third parties to review an online data room with 3D models for the two project areas. These third-party reviews are advancing for the purpose of adding a new partner to the projects. No further exploration expenditures are required to maintain the licenses while Mundoro continues discussions with third parties. Zeleznik (Available for Option) The Zeleznik group of licenses (“Zeleznik”), which are 100% owned by the Company, are available for optioning. An online data room with 3D models for this project has been opened for third parties which have a confidentiality agreement signed with the Company. Summary of Completed Drill Program in Q2-2020 Zeleznik is located directly north of the Majdanpek copper mine at the north end of the Timok district (Figure 2). Two identified targets: West Zone and East Zone, respectively, have similarities with the Majdenpek deposits in terms of geology, structural settings and type of mineralization - porphyry and skarn/massive sulphides. A 450 meter drill program was completed in Q1-2020 which was designed to test the southern extension of the East Zone by 200 m to the south with two inclined drill holes. The East Zone target is a 1000 m by 300 m gold-copper geochemical anomaly with porphyry signature (Figure 3). Diorite porphyry and subvolcanic andesite are intruded into a limestone and gneiss to form contact zones of semi-massive sulphide of carbonate-replacement type. Copper-gold mineralisation is bounded to sub-vertical faults in diorite-andesite and consists of disseminated to semi-massive sooty pyrite and chalcopyrite. Magnetite skarn occur on the diorite-limestone contacts. Some of the best intercepts from previous drilling program returned: Drill hole 17-ZEL-25 – 35 meters of 0.32 g/t gold and 0.29% copper from 46.0 m Drill hole 17-ZEL-15 – 20.8 meters of 0.26 g/t gold and 0.20% copper from 33.0 m Best results from the current 450 meter drill program were obtained from drill hole 20-CZ-02 that returned: 42.4 m of 0.14 g/t gold and 0.14% copper (0.24% CuEq), from 41 meters Including 6 m of 0.27 g/t gold and 0.38% copper (0.57% CuEq) from 63 meters The mineralized system remains open to the east, southeast, and southwest. The IP chargeability anomaly beneath the copper-gold and base metal mineralization identified to date also remains untested at depth. Table 2: Drill Hole Summary Results . Figure 2 – Zeleznik - Target Area Locations Figure 3 – Zeleznik East Zone - Geology and Drill Hole Locations Strategic Alliance with JOGMEC In March 2019 Mundoro entered into a Generative Program Agreement (the “Strategic Alliance”) in the Republic of Bulgaria with Japan Oil, Gas and Metals National Corporation (“JOGMEC”). The purpose of this Strategic Alliance is to establish a generative program, whereby Mundoro carried out mineral exploration activities in Bulgaria under the direction of a joint Technical Committee with the view to identifying areas of interests that merit additional exploration and/or development work. JOGMEC sole funded the Strategic Alliance. Upon JOGMEC determining that one or more properties merit additional exploration and/or development work, JOGMEC has the right to establish a joint venture on that property with Mundoro. The generative program has been completed and JOGMEC has selected designated projects to proceed to the next stage of the agreement. Drilling, Sampling, Analysis and Quality Assurance and Control The drilling technique was triple tubed diamond drilling from surface for PQ and HQ. The drill holes were generally cased from surface progressing from PQ to HQ at 40 m on average, however exact depths vary from hole to hole. Drill hole orientations were surveyed at 30 meters intervals. Drill core was oriented using the Reflex EZ-Trac tool, the bottom of oriented core was marked by the drillers and this was used for marking the whole drill core with reference lines. 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 was measured and recorded continuously from the top to the end of the hole for every drill hole. Each run of 3m length was marked by plastic core block which provided the depth drilled. Core recovery is recorded as 100% in most intervals. The drill core was sawn into two for PQ and HQ diameter, along drill core orientation line using a core-cutter and left half looking downhole was collected in bag and submitted for analysis, the other half is kept in tray and stored. Samples were collected at two-meter lengths from mineralised intervals and three-meter lengths from non-mineralised intervals with breaks for major geological changes. The samples were submitted to SGS managed laboratory in Bor, Serbia for sample preparation and analysis. Drill core samples are assayed using 50-grams charge for fire assay with atomic absorption finish and multi-element method 4 acid digestion ICP-AES package IMS40B. 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 and field duplicates every 25 samples. Qualified Person The exploration work programs described herein were supervised by Yassen Khrischev, the Company’s Exploration Manager in Serbia and Bulgaria who has also prepared the above technical information in this press release in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. The above technical disclosure in this press release has been reviewed, verified and approved, by Richard Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and consultant of the Company. About Mundoro Capital Inc. Mundoro is a Canadian listed (TSX-V: MUN) precious and base metal company focused on building value for its shareholders through directly investing in mineral projects that have the ability to generate future returns for shareholders. Mundoro has generated an attractive mineral project pipeline in Serbia and Bulgaria, as well as an investment in a producing gold mine in Bulgaria, in order to drive long-term growth and achieve shareholder return. Potential future returns for our shareholders from our mineral properties can be in various forms such as discovery of mineral resources, royalties, advance royalty payments from partners, an interest in production, dividend payments or sale of our interest in the mineral property. 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. For further information, please visit Mundoro Capital website www.mundoro.com Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com