January 23, 2023, Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com) ("Mundoro" or the "Company"), announces it has entered into a definitive agreement with a wholly owned subsidiary of BHP Group Limited ("BHP"), which provides BHP with the right to earn-in to three (each, an “Option”) exploration areas that Mundoro holds in the Timok region (“Timok Properties”). Ms. Teo Dechev, Chief Executive Officer, President and Director of Mundoro commented, “Mundoro welcomes BHP as an exploration partner that recognizes the potential of further exploration in the western Tethyan Belt.  We are looking forward to commencing field exploration at the Timok Properties in order to advance targeting and testing of undercover, and near surface, porphyry and related epithermal systems in the Timok region of eastern Serbia.”  Ms. Dechev added, “Mundoro has established a decade-long history of generative and early-stage exploration in Serbia and Bulgaria.  Partner funded exploration programs along with Mundoro’s generative programs have invested over C$30 million of exploration expenditures which bring value to stakeholders in the communities where we operate, to our partners, and to our shareholders.” Regional Setting The porphyry copper projects under the Options with BHP are located in and around the Timok Magmatic Complex in Serbia. The Timok region is known as a mining district with more than 100 years of mining comprising approximately 4 billion tons in porphyry systems over 5 known mines. The Timok Magmatic Complex is host to the largest copper-gold porphyry deposits in the western portion of the Tethyan Belt such as (i) Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry copper deposit, (ii) Bor underground mine which is a copper-gold porphyry (“Bor Mining Complex”), (iii – iv) Veliki Krivelj and Majdanpek open-pit mines which are both copper-gold porphyries and (v) the recently re-opened Cerovo porphyry copper -gold open-pit mine (see Figure 1). Dr. Richard Jemeilita, Chief Geologist at Mundoro commented: “The Timok Properties represent a district scale, attractive exploration package in this prospective mineral belt in Serbia.  Our exploration team in the region has identified, in the South Timok Properties exploration area, extending south from the Timok Magmatic Complex, continuation of fertile geological units for further copper exploration.  We are encouraged by the initial reconnaissance sampling which has identified anomalous copper zones.” Follow our weekly updates on: LinkedIn and Twitter: @Mundoro Figure 1 – Location Map for Timok Region, Serbia Property Information Borsko The Borsko Jezero Project (“Borsko”) is located in the central portion of the Timok Magmatic Complex and aggregates an exploration area of 34.5 sqkm. The project is directly adjacent to and west of the producing Bor copper porphyry mine (see Figure 1). Exploration completed to date by Mundoro has identified several targets of which, Target 1 is an undercover preserved advanced argillic alteration lithocap covering an area approximately 1.6 km in strike length, discovered using a combination of geophysical techniques. The Target 1 system contains elevated copper-gold-arsenic geochemical results indicative of high sulphidation epithermal type mineralization with elevated copper at the bottom of the lithocap suggesting a porphyry source beyond the immediate drill tested area. South Timok An area that aggregates 213 sqkm, located at the southern end of the Timok Magmatic Complex and approximately 60 km south-southeast of Bor mining district in Central Timok.  The northern parts of exploration ground is covered by Paleogene sediments interlayered with Paleogene pyroclastics, while the central area consists of Upper Cretaceous sediments and volcanics. To the east the area is almost entirely covered by Upper Cretaceous volcanics from the Timok Magmatic Complex. Hornblende andesite that intrudes the Upper Cretaceous sediments from both licenses are considered to have the potential for copper-gold porphyry and epithermal related systems. Several small-scale coal mines and old workings have been exploited by the state during the 1950’s in this area. The southern portion of the exploration area comprises Cretaceous volcano-sedimentary lithologies intruded by late Cretaceous latite intrusions and partly overlain by Paleogene sediments. The volcanic-intrusive lithologies form part of the northwest-southeast L-shape-striking Cretaceous magmatic arc of Eastern Serbia. Mundoro started a stream sediment program over the favorable geological setting in the southern portion of the exploration area that yielded several drainage areas anomalous for gold, copper, lead and zinc within two outlined targets internally named Ponor North and Ponor South, respectively. Trstenik This exploration area covers an aggregate of 55 sqkm and lies within the northern portion of the Timok Magmatic Complex directly north of Majdanpek Mine Complex. To date, the systematic exploration work carried out by Mundoro in the exploration area has identified several target areas. Two of the targets at the southern end of the exploration area have similarities with the Majdanpek deposit in that the targets share similar geology, structural settings, and mineralisation – porphyry and skarn/massive sulphide replacement type and occur along strike of the main Timok trend. Transaction Overview Each of the three Options provides BHP with the right to earn a 100% interest in the relevant Timok Property by making (i) annual cash payments and operator payments (“Payments”) to Mundoro, with the aggregate amount of Payments for the three properties over three years amounting to approximately US$1,700,020, and (ii) incurring exploration expenditures within three years on the three properties amounting to US$7,500,000. The earn-in also includes an exploration expenditure commitment related to drilling by March 2023. BHP may exercise each Option independently or elect to extend each Option by one year by making additional Payments and incurring additional exploration expenditures.  Upon exercise of each Option, Mundoro will retain a 2% net smelter return ("NSR") royalty that includes development milestone payments for a total up to US$9,000,000 and annual cash payments until commercial production commences. Mundoro is appointed as the initial operator under the Options. Qualified Person The scientific and technical information in this news release was prepared under the supervision of, and approved  by, T. Dechev, a Qualified Person as defined by NI 43-101, and the Company's Chief Executive Officer and R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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

April 3, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce commencement of the 2023 drill program at the Vale-Mundoro Option Projects located in the southwest portion of the Timok Magmatic Complex (“Timok”) in Serbia. The drill program is part of the 2023 Work Program and Budget which is solely funded by Vale  and for which Mundoro is operator. The drill program has planned 8,000 meters to test five (5) target areas with nine (9) drill holes.  The five main target areas for drill testing during the 2023 drill program are: (i) Tilva Rosh, (ii) Markov Kamen, (iii) Bacevica North, (iv) Orlovo, and (v) Prekostenski. These five areas have been selected out of several target areas ranked as prospective for porphyry copper-molybdenum-gold deposits within the Vale-Mundoro Option Projects. Regional Setting The Timok region in eastern Serbia is known as a mining district with more than 100 years of mining comprising approximately 4 billion tons in porphyry systems over 5 known mines. The Timok Magmatic Complex is host to the largest copper-gold porphyry deposits in the western portion of the Tethyan Belt such as (i) Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry copper deposit, (ii) Bor underground mine which is a copper-gold porphyry (“Bor Mining Complex”), (iii – iv) Veliki Krivelj and Majdanpek open-pit mines which are both copper-gold porphyries and (v) the recently re-opened Cerovo porphyry copper -gold open-pit mine (see Figure 1). Figure 1 – Location Map of Vale-Mundoro Projects in Timok, Serbia with drill hole locations of the 2023 drill program. Highlights of the Targets In the Tilva Rosh and Markov Kamen target areas, the current drill program is a follow up drilling campaign utilizing vectors to a potential porphyry system identified from interpretation of previous drill results and geophysical surveys. At the Bacevica North target, a strong and near surface Induced Polarization (IP) anomaly is confirmed and will be further tested as a result of recently received encouraging drilling results from the 2022 drill campaign. At the Orlovo target, the drilling campaign is designed to test continuation to the NNW and NE of the porphyry copper-gold system with quartz veining within the potassic alteration as vectors to a potential porphyry system identified from interpretation of previous drill results and geophysical surveys followed by the surface geochemistry copper-gold-molybdenum anomalies. At Pekostenski target, a follow up drilling campaign will test the western extension of copper-gold bearing diorite as well as the potential for an alkali porphyry system. Discussion of Target Areas The five target areas are within zoned hydrothermal alteration which can be traced at surface for 20 km along strike and contains gold epithermal and copper-gold porphyry style mineralization. The north-south striking alteration corridor correlates with a regional scale strong magnetic anomaly interpreted as a magnetite destructive zone of advanced argillic alteration that comprises a broad lithocap at the north targets area as well as argillic and phylic alteration at the south targets. Tilva Rosh – exploration mapping and drilling to date confirmed advanced argillic alteration within a broad lithocap with epithermal gold mineralization and copper-gold-molybdenum geochemical anomalies at surface extending over an area of 3.6 km x 1.2 km in size. Alteration was identified down dip of alteration to the west in the drill core from the prior drilling campaign in Q4-2019. High-temperature advanced argillic alteration identified at the bottom of one of the nearest drill holes indicates a potential hydrothermal fluid up-flow zone. Three drill holes were designed to test the northern portion of Tilva Rosh, targeting: (i) the west and north extension from recently completed drill holes in the 2022 drill campaign which intersected quartz and quartz-magnetite banded veins suggestive of the base of the lithocap, and (ii) mineralized porphyry beneath the lithocap supported by both recent geophysics interpretation of IP,  a magentotelluric (MT) survey and magnetics survey, and (iii) potassic alteration identified in a prior drill hole in this target area. Markov Kamen – located directly south of Tilva Rosh, Markov Kamen is a large area of silicification covering 3.2 km x 500 m, hosts a significant hydrothermal breccia with anomalous gold grades, and is open to the west and at depth.  High-grade copper and gold grades received from sampling old workings contain hypogene chalcocite at the southern edge of the target area.  Based on geophysics, the target to be drill tested is interpreted as a root of an advanced argillic alteration zone.  Two drill holes are planned to test the southern portion of Markov Kamen, targeting (i) a deeper root of a MT anomaly as the continuation of surface hydrothermal alteration and (ii) a surface IP anomaly indicating potential for shallower porphyry beneath a copper-in-soil anomaly as follow up drilling from drill holes in the 2019 drill campaign. Bacevica North – located south-southwest of the Markov Kamen target area, this target was recently identified comprising a strong IP anomaly and intense quartz-sericite-pyrite (QSP) altered andesite at surface. One reconnaissance drillhole is planned to further test the IP anomaly confirmed by a  completed drill hole from the 2021 drill campaign which is supported by the encouraging geochemical sampling results from 2019 and surface mapping completed. Orlovo – located south-southeast of the Bacevica North target area, this target is a broad zone of phyllic alteration of 3 km x 700 m with elevated gold and copper in soil samples. Two drillholes are planned to test: (i) the  quartz vein stockwork mineralization related to potassic altered diorite, returning 26 m of 0.10% copper and 0.23 g/t gold, overlain by phyllic alteration from surface, identified in the 2019 drilling campaign, (ii) intermediate magnetic, IP and CSAMT anomalies followed by the encouraging gold-bismuth-molybdenum geochemical anomalies. Prekostenski – located west of the Orlovo target, this target area is a copper-gold porphyry target as well as potential alkali 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 to a depth of 68.6 m which was confirmed by a previous drilling campaign in 2018. One drillhole is planned to test (i) the quartz-pyrite-chalcopyrite veins hosted in potassic altered diorite porphyry which returned an intercept of 39 meters of 0.17 g/t gold and 0.17 % copper from 61 m and 49.8 meters of 0.14 g/t gold and 0.13 % copper from surface, and (ii) geophysics IP and MT anomalies which correspond well with intersected mineralization. Qualified Person The scientific and technical information in this news release was reviewed and approved by, R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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

April 5, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce commencement of a drill program at the BHP-Mundoro option project, Borsko, which is located in the central portion of the Timok Magmatic Complex (“Timok”) in eastern Serbia. The drill program is part of the 2023 Work Program and Budget which is solely funded by BHP and for which Mundoro is the operator.  The drill program is planned for 2,000 meters to test one target area with one deep drill hole. Regional Setting The Timok region in eastern Serbia is known as a mining district with more than 100 years of mining comprising approximately 4 billion tons in porphyry systems over 5 known mines. The Timok Magmatic Complex is host to the largest copper-gold porphyry deposits in the western portion of the Tethyan Belt such as (i) Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry copper deposit, (ii) Bor underground mine which is a copper-gold porphyry (“Bor Mining Complex”), (iii – iv) Veliki Krivelj and Majdanpek open-pit mines which are both copper-gold porphyries and (v) the recently re-opened Cerovo porphyry copper -gold open-pit mine (see Figure 1). Figure 1 – Location Map for Timok Region, Serbia. Follow the weekly updates from the Mundoro field programs on: LinkedIn and Twitter. Overview of Target 1 Target 1 is located in the center of the Borsko Project (Figure 2) and represents an undercover preserved advanced argillic alteration lithocap. The target covers a strike length approximately 1.6 km striking NNW-SSE. Target 1 remains open in three directions: (i) along strike to the northwest; (ii) down plunge to the northwest, and (iii) to the east-northeast. The Target 1 system was discovered using a combination of structural features and geophysical anomalies from Magnetotelluric (MT) survey in 2016 and Gravity surveys completed by Mundoro between 2018 and 2019. Figure 2 – Location Map of Borsko Project in central Timok with drill hole location of current drill program. Discussion of Target 1 All of the geochemical results and well defined hydrothermal alteration are indicative of high sulfidation epithermal type mineralization with elevated copper at the bottom of the lithocap suggesting a porphyry environment at depth below the epithermal zone. The current drill program over Target 1 aims to test: (i) the northwest extension of the high sulphidation epithermal alteration/mineralization intersected in drill hole 17-BJ-11 (15m @ 1.04 g/t Au and 6.9 g/t Ag) and in drill hole 19-BJ-20 (88m @446 ppm of Cu from 891m), (ii) potassic alteration extension to the northwest and below the high sulphidation epithermal zone, and (iii) a geophysical controlled source audio frequency MT anomaly. When compared with the discovered copper-gold deposits in the vicinity of Target 1 (Figure 2) in the Bor region, there is generally a shallow transition zone from the high sulphidation mineralization epithermal zone (preserved lithocap) to the porphyry body beneath in that system. At Target 1 there is remnants of shreddy biotite at the bottom of holes 17-BJ-07 and 17-BJ-12, with discrete occurrences of Quartz-Magnetite veins together with elevated copper results indicate the likely occurrence of a copper-bearing porphyry system in the vicinity of the preserved lithocap. Qualified Person The scientific and technical information in this news release was reviewed and approved by, R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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

April 11, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce commencement of a drill program at Mundoro’s Vale-optioned project, Dos Cabezas, located in Cochise, Arizona (Figure 1). The drill program is planned for 3,000 meters to test five target areas with 5 drill holes (Figure 2).  These five drill holes represent a rare opportunity in Arizona of untested porphyry copper systems. Highlights of the Targets The five target areas for drill testing during this drill program are (i) two pediment-covered targets (ii) Mescal Canyon (iii) Mineral Park (iv) Casey Copper Canyon. These areas have been selected out of multiple target areas ranked as prospective for covered and near surface porphyry copper deposit systems within the Dos Cabezas Project. The two pediment targets are testing identified geophysical anomalies 100% undercover by post mineral alluvium. The Mescal and Mineral Park targets are within zoned hydrothermal alteration with quartz-sericite-pyrite veining that has been mapped for approximately 700 meters along the surface, with copper oxide occurrences, local magnetite skarns, and correlative magnetic anomalies. The Casey Copper Canyon target is along a strong regional magnetic anomaly trending North-West to West-North-West. The Casey Copper Canyon target is interpreted as an intrusive-related, magnetite-bearing skarn. Regional Setting The Dos Cabezas Project is located in southeast Arizona, USA approximately 150 km east of Tucson (Figure 1). Dos Cabezas covers 58 sq.km. (5,800 hectares) within the Dos Cabezas Mountains and covers part of the Laramide Porphyry Copper Belt. The majority of production in Arizona is related to the Laramide Porphyry Copper Belt which hosts world class deposits such as Morenci, Safford, Miami-Inspiration, Sierrita, Silver Bell, Resolution, and others. Arizona was responsible for 66% US production of copper in 2018. The Dos Cabezas Project is near the historic Teviston, Silver Camp, and Mascot mining districts.  Immediately to the northwest of Mundoro's land package is the Spike E Hill porphyry system. With the exception of the Spike E Hills near Willcox, historic mining and exploration focused on gold/silver/base metal veins and substantial amounts of high-grade copper ore shipped directly to smelters. The Dos Cabezas mountains contain Laramide volcanic centers which generated intrusives, breccias and expression of volcanoclastics, ranging from andesitic to rhyolitic in composition. These volcanics have been deposited on Cretaceous aged sedimentary units consisting of siltstone, sandstone, conglomerates, and carbonates. The sedimentary package is unconformably deposited on Proterozoic granitic and metamorphic rocks. Laramide dikes, intrusive bodies and breccias crosscut the above units, giving rise to areas of alteration and potential metal deposition. Figure 1 – Location Map of Dos Cabezas Project Follow the weekly updates from the Mundoro field programs on: LinkedIn and Twitter. Figure 2: Map of Dos Cabezas Drill Hole Locations Discussion of Target Areas Pediment Targets - Two drill targets have been identified under shallow alluvial cover southwest of the the Dos Cabezas Mountain range. Both target areas are located along the inferred covered path of a major West-North-West striking structural zone known as the Apache Pass Fault Zone. This structure is locally mineralized where exposed on the surface. Two magnetic anomalies have been identified from a project wide aeromagnetic survey conducted in May 2022. The magnetic anomalies are located under shallow pediment cover. Mescal Canyon - This target is an area of approximately 700 x 600 m outcropping quartz-sericite-pyrite veining identified during the 2022 mapping program. Additionally, copper occurrences associated with chalcopyrite bearing veining and local magnetite skarns correlate with a copper + molybdenum geochemical anomaly identified from 2022 chip samping program. This target correlates with a broad magnetic anomaly identified from the project wide aeromagnetic survey conducted in May 2022. No evidence of any historic drill testing has been located within the target area. Mineral Park - Several outcropping magnetite skarns ringing a central monzonitic intrusive were identified during the 2022 field mapping program. Chip sampling has identified anomalous copper and gold values associated with this target area. The Mundoro conducted aeromagnetic survey shows magnetic anomalies associated with outcopping skarns. No evidence of any historic drill testing has been located within the target area. Casey Copper Canyon - This target area is on the edge of the Mescal Canyon Target. A large West-North-West magnetic anomaly has been identified from the project wide aeromagnetic survey. The 2022 field mapping has identified outcropping magnetite skarns and West-North-West mineralized structures that correlate with this anomaly. The aeromagnetic survey and forward modeling show this anomaly continuing at depth along mapped structures. No evidence of any historic drill testing has been located within the target area. Qualified Person The scientific and technical information in this news release was prepared under the supervision of, and approved by, T. Dechev, a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Capital Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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’s website www.mundoro.com Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

May 23, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") "), is pleased to announce the staking of the Picacho Project in Pinal County, Arizona. Picacho Property Highlights The Picacho Project is situated within the Laramide Porphyry Belt, a prolific region of porphyry copper deposits extending from northern Mexico through the southwestern US. The Project is surrounded by a cluster of known porphyry copper deposits including, the Resolution Deposit, the Miami-Inspiration District, Ray, Silver Bell, Lake Shore, Florence Copper, and others. Preliminary field reconnaissance by Mundoro conducted in 2022 identified porphyry style veining, alteration, and copper mineralization within Laramide aged intrusive rocks. Historic drilling in the area indicates the presence of disseminated copper mineralization characteristic of Laramide porphyry copper systems. The Picacho Project has an approved work program and budget to be sole-funded by Vale with Mundoro as the operator. The project will generate property payments, operator fees, and additional exploration potential for undercover copper porphyry systems in Arizona. Teo Dechev, CEO & President commented: “With the addition of this new project in Arizona, Mundoro now has 10 active exploration programs in the portfolio.  Mundoro’s generative business continues to expand by generating properties that can attract partner-funded exploration and royalty creation, with the focus of building long-term value for all of Mundoro’s shareholders. The Company continues to be focused on porphyry copper systems in both the Tethyan and Laramide Belt. The diversified nature of the portfolio gives shareholders multiple opportunities at a discovery in proven mining jurisdictions, while being led by a discovery-driven team.” Follow our weekly updates on: LinkedIn and Twitter @Mundoro Historical Exploration and Exploration Targets The Project surrounds the historic North Star Mine, where open-pit production of oxide copper occurred from around 1949-1970 primarily for smelter flux. Numerous prospect pits and workings are located within the project. Shallow post-mineral alluvial cover surrounds the North Star Mine and several outcropping vein systems. Cambior, Magma Copper, Cyprus, Cominco, ASARCO, BHP, and others undertook exploration of the area from the 1950s to 1990s, available data from which has been compiled by Mundoro into a data set to leverage for targeting. A number of IP and magnetic anomalies have been identified below shallow alluvial cover. Historic drilling intersected disseminated copper mineralization characteristic of Laramide porphyry copper systems, but was focused on just a small portion of prospective ground. The Picacho Project contains substantial potential for covered targeting below shallow alluvial cover. Regional Geology and Surrounding Mines The Picacho Project lies within the Laramide Porphyry Belt, a prolific region of porphyry copper deposits extending from northern Mexico through the southwestern US. The Project is surrounded by a cluster of known porphyry deposits including, the Resolution Deposit, the Miami-Inspiration District, Ray, Silver Bell, Lake Shore, Florence Copper, and others.  The Project is located along the extensions of historically recognized porphyry trends and lies near the inferred intersection of major NW-SE and NE-SW alignments of porphyry occurrences across the Laramide Porphyry Belt. Project Location The Picacho Project is located in south central Arizona, USA approximately 80 km northwest of Tucson and approximately 95 km southeast of Phoenix, see Figure 1: Location Map of the Picacho Project. The Picacho Project area covers approximately 105 sq.km. (10,500 hectares) north of the Picacho Mountains. The Project can be accessed via a combination of highways, secondary paved roadways, well maintained dirt roads, and trails. Mineralization and Alteration Preliminary field reconnaissance was conducted in 2022. This has identified porphyry style veining, alteration, and mineralization within Laramide aged intrusive rocks. Field reconnaissance along with historic data compilation has identified several prospective areas for covered targeting. Detailed geologic mapping and geochemical sampling is ongoing. Geophysical surveys are planned for Q2-Q4 of 2023 to define drill targets by Q1, 2024. Property Geology The Project area consists of Proterozoic granitic and metamorphic rocks intruded by a suite of Laramide aged monzonitic rocks. A swarm of generally NW-SE rhyolite to latite dikes crosscut the area. The outcropping intrusive and metamorphic rocks are surrounded by shallow alluvial cover, deepening to an estimated 500m of cover outside the project boundary. Commercial Terms Highlights Vale can acquire 100% of the Designated Project through: (i) sole-funding exploration expenditures during the option period, being up to US$1,500,000 over two years or US$2,500,000 over three years, (ii) make property payments during the option period of up to US$500,000 over the three years, (iii) upon completion of the option exercise, make cash milestone payments to Mundoro which combined equate to US$9,000,000 over four milestones and (iv) as part of the option exercise, grant to Mundoro a 2% NSR on the Designated Project, which includes annual advance royalty payments of US$200,000 per year through  to commercial production.  Mundoro is the initial Operator. Qualified Persons The scientific and technical information described in this press release has been prepared in accordance with National Instrument 43-101.  The scientific and technical information for the USA exploration programs has been reviewed and approved by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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 the 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’s website www.mundoro.com Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

October 10, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce commencement of a drill program at the Dos Cabezas Project (“Project”), Cochise County, Arizona. The Dos Cabezas Project is optioned to Vale Base Metals (“Vale”) to earn-in to the Project.  The Q4-2023 drill program is planned to test three target areas with 3 diamond drill holes for a total of 2,200 meters.  These drill holes represent a rare opportunity in Arizona of untested porphyry copper systems. Project Location The Dos Cabezas Project is located in SE Arizona, approximately 150 km east of the city of Tucson, within the highly prospective “Laramide” magmatic arc portion of the Southwestern USA cordilleran porphyry belt. The Dos Cabezas Project is surrounded by known porphyry districts, such as Safford and Morenci to the north, and Tyrone to the east. Figure 1: Location Map of the Three Target Areas to be Drill Tested in Q4-2023 Summary of the Target Areas Exploration to date has identified three target areas with outcropping alteration and mineralisation potentially associated with laramide age porphyry copper systems: Mescal Canyon, Mineral Park, and Casey Copper Canyon targets (see Figure 1).  These three target areas will be drill tested with one drill hole for each target. A drill rig has been mobilized with drilling anticipated to commence in the second week of October. The drill program is expected to be completed in November with assay results in Q1-2024. Mescal Canyon - mapping and sampling in the Mescal Canyon area has outlined a zone of pyritic veining with sericitic halos and sericitic fractures consistent with the distal portions of porphyries which commonly occurs outboard but also potentially above the central porphyry mineralization. One drill hole has been targeted to test the magnetic anomaly directly below the alteration and geochemistry mapped on the surface. Mineral Park - detailed mapping of the area has identified high temperature magnetite skarns and magnetite replacement lenses that were also recognised and modeled in the closely spaced helicopter borne magnetic survey flown in 2022.  One drillhole is planned to test the outcropping skarns and intersect the potential monzonite intrusion modeled at depth and potentially driving the system. Casey Copper Canyon - The magnetic survey highlighted two large magnetic highs, indicating the skarns mapped at surface are more extensive at depth. A drill hole is oriented perpendicular to the WNW structure at a steep angle to cross-cut mineralization and to test the magnetic anomaly below the outcropping skarns. Exploration in the Dos Cabezas Project also identified two undercover target areas: Northwest Pediments target and SouthEast Pediments target, along the apparent WNW trend defined by the Apache Pass Fault Zone which was interpreted to be covered by shallow pediments.  In Q2-2023, the Company drill tested the Northwest Pediments and the SouthEast Pediments targets with a total of 800 meters over two drill holes 400 m each.  The SE Pediments target appeared more interesting as it is a discrete magnetic feature at the intersection with the Apache Pass Fault system, however at both pediment locations, the post mineral cover was greater than 400 m and the drill holes were terminated. Qualified Person The scientific and technical information described in this Press Release has been prepared in accordance with National Instrument 43-101. The scientific and technical information for the USA exploration programs has been reviewed and approved by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. For further information about Mundoro, please contact Teo Dechev, Chief Executive Officer, President and Director, +1-604-669-8055, and Shamil Devji, Investor Relations Manager at +1-604-669-8055.  You can also visit Mundoro’s website www.mundoro.com. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, the Company's future strategy and business plan and execution of the Company's existing plans. We caution readers of this News Release not to place undue reliance on forward looking statements contained in this News Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include general economic and market conditions, exploration results, commodity prices, changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors and the ability to implement business strategies and pursue business opportunities. The forward-looking statements contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this News Release are made as of the date of this News Release and the Board undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to the Company's filings with the Canadian securities regulators available on www.sedar.com. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 4, 2024 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce that 2023 marked a year of  significant transition and advancement for the Company. Throughout the year, we successfully managed extensive field programs for four partners across ten projects in three countries and two continents. The Company’s partner-funded programs amounted to substantial exploration expenditures of approximately $14 million, advancing numerous targets over multiple projects to drill-ready phase, and demonstrating our commitment to advancing this project portfolio. In Arizona, the collaborative efforts have led to the identification of several drill targets on our Dos Cabezas and Picacho projects. In Serbia, exploration included conducting extensive geophysical surveys over greenfield prospects and defining numerous new drill targets. We believe that Mundoro's strategy of value creation through disciplined grass-roots exploration, prospect generation, and ultimately, royalty generation, has been validated by a clear track record of forming partnerships and executing the work programs to advance the projects. Teo Dechev, CEO and President commented “As we move into 2024, Mundoro is poised to embrace new opportunities as our portfolio of exploration properties undergoes transformation. Vale Base Metals (“VBM”) has notified Mundoro that it intends to terminate the agreements in 2024 and as a result, Mundoro will regain 100% control of the two projects in the Timok region of Serbia and the two projects in the Laramide belt in Arizona. With 100% ownership of the projects, Mundoro will be commencing discussions with third parties for additional partnerships. The company will provide quarterly updates on the status of these discussions. This transition affords new interested parties the opportunity of partnering with Mundoro to enter districts known for a century of mining heritage, substantial copper production, and a wealth of porphyry and high sulphidation mineral deposits.  Mundoro remains committed to leveraging our expertise and strategic partnerships to continue delivering value to our shareholders and advancing exploration towards discovery.” 2023 Portfolio Highlights Nine (9) active projects under option with four partners and one partner-funded generative alliance. Partner funded, Mundoro operated, 9 targets drill tested, totaling 13,325 meters in 2023 and 1 target drill tested with 600 meters in January 2024. Successfully deployed 11 geophysical surveys: in Serbia: 3 gravity surveys, 4 passive seismic surveys, and 1 ground magnetics survey; in Bulgaria: 1 magnetotellurics survey; and in the USA: 1 gravity survey and 1 drone magnetics survey. 2024 Corporate Outlook Strong Cash Position and No Need to Raise Capital in 2024: With $6.4 million in cash and cash equivalents (“Cash Position”) and no long-term debt as of December 31, 2023, the Company has sufficient cash for this fiscal year and no need to raise capital in 2024. Generative Outlook for 2024: The Company anticipates generating approximately $1 million in fees from the various properties under option to third parties in 2024. 2023 Year End Financials: to be announced at the end of April 2024. 2024 Portfolio Outlook Discussions with Third Parties: Mundoro is focused on discussions with mining companies that are interested to option Mundoro’s available projects, confirming interest for exploration in the Western Tethyan and Laramide belts. Partner Funded Programs: Mundoro is operating 3 partner funded programs under option with BHP and 1 partner funded program under an earn-in by JOGMEC. BHP programs will include: 3 ground-based gravity surveys, 2 airborne Magnetotelluric plus magnetic surveys, 3 ground-based Magnetotelluric surveys, and 1 ground-based magnetic survey, permitting for drilling in the second half of the year. JOGMEC programs - drone magnetics and permitting for drilling in the middle of the year. Outlook for Projects Available for Option In Serbia, there are no 2 projects (SWM, VR) with drill ready targets including: Branik, Skorusa, Skorusa Corridor/Glavica, Tilva Rosh North, Tilva Rosh South, Markov Kamen North, Markov Kamen South, Orlovo, Bacevica North, Prekostenki, D-Vein. In Arizona there are 2 projects with drill ready targets including: Mescal Canyon, Mineral Park, Casey Copper Canyon, Elma, Picacho and a 3rd project at reconnaissance stage. Gearing Up for Field Programs at the BHP-MUN Programs in 2024 Mundoro is pleased to provide an update on our exploration activities with BHP in the Timok region, based on the collaborative efforts by the partners to progress the 2024 field programs. These initiatives are part of the option agreement with BHP, reflecting our shared commitment to exploring and advancing the mineral potential of the region. The exploration programs carried over from 2023 underscore the potential of the Timok region and the systematic exploration strategy employed by Mundoro and BHP. We remain dedicated to leveraging our collective expertise and the latest in geophysical and geochemical techniques along with structural understanding to uncover additional potential in these projects. In 2023 the following Exploration Work was funded by BHP and completed by MUN: Drilling on 3 Target Areas totaling 3,065 m. Ground-based gravity surveys covering 190 sq. km in 4 exploration licenses. Passive seismic survey covering 50 sq. km in 1 exploration license. Collection of 828 soil samples within 2 exploration licenses. Within the BHP-MUN Programs, the following Exploration Work is planned for 1H 2024: Ground-based gravity surveys covering approximately 216 sq. km in 3 exploration licenses. Airborne magnetotelluric plus magnetic surveys covering approximately 442 sq. km in 7 exploration licenses. Ground-based magnetotelluric (MT) surveys covering approximately 442 sq. km in 7 exploration licenses. Infill ground-based magnetic survey in 1 exploration license. Figure 1a:  Overview map of the South Corridor exploration licenses with exploration targets and 2023 drill hole locations over the surface geology. Figure 1b:  Overview map of the Trstenik exploration license with exploration targets and 2023 drill hole locations over the surface geology. Advancing Drill Ready Targets at the JOGMEC-MUN Program in Bulgaria Mundoro is in the process of obtaining drilling permits from government agencies for the planned Phase I drilling program at EE1, planned to commence in 2024. This upcoming drilling program is designed to evaluate targets identified through the utilization of the Audio-Magnetotelluric (AMT) interpretation and the geological and geochemical data compilations from the area. Six sediment-hosted prospects are identified to be the focal points of this first phase of drilling as shown in Figure 2. In 2023, the EE1 Project saw the completion of the following Exploration Work: Soil sampling infill program on a 200 m by 200 m grid. Natural Source Audio-Magnetotelluric (NSAMT) survey conducted along 6 lines. Comprehensive Drone Magnetic survey is currently underway, covering the entire license area. This survey is expected to provide valuable insights into the subsurface magnetic properties, further enhancing our exploration efforts. The EE1 Project  now includes the following sediment-hosted drill-ready targets: Lakatnik & Venets – relatively flat bedded sediment sequences, block shaped by late tectonic activity. Garvana - relatively flat bedded sediment sequences, partially affected by sub horizontal tectonic movements, covered by late sediments. Central – relatively flat bedded sediment sequences covering shallow paleo relief. Koznitsa & Gradishte – flat bedded sediment sequences in relatively mild tectonic environment. Figure 2:  Overview map of the EE1 drilling prospects over the surface geology. Mundoro to Regain 100% Control of the VBM-Mundoro Projects Mundoro has commenced discussions with mining companies regarding our portfolio of properties within the central Timok Magmatic complex, following a reorganization of our project partnerships. Vale Base Metals ("VBM") has notified Mundoro that it intends to terminate the agreements such that VBM will relinquish its interest in the two projects in the Timok region of Serbia and the two projects in the Laramide belt of Arizona. This transition affords new interested parties the opportunity of partnering with Mundoro to enter districts known for a century of mining heritage, substantial copper production, and a wealth of porphyry and high sulphidation mineral deposits. Mundoro will regain 100% control of these four projects. Throughout our collaboration, VBM has contributed resources and insights towards advancing these projects. Upon the termination of the Earn-In Agreements, Mundoro retains all rights, including the extensive data, models, analysis, physical drill cores, and samples amassed during the exploration programs. Available Projects in the Timok Mining District, Serbia The available land package spans approximately 450 square kilometers in a region renowned for its large copper deposits and prospects. In Serbia, the two projects, when combined, include 10 target areas ripe for the discovery of Tier-One copper porphyry deposits. The target areas comprise three contiguous alteration trends which span 12 kilometers and have been demarcated through systematic soil geochemistry and geophysical surveys, highlighting their potential for porphyry systems. Potential partners will now have the opportunity to leverage over 20,000 meters of drilling data to refine vectoring techniques for exploration targets, along with the use of geophysical results from gravity, magnetics, AMT, passive seismic and IP surveys to identify mineralized systems under cover. Mundoro has designed a 16,000-meter drill program across 7 of the target areas, providing an extensive platform for in-depth exploration to evaluate the district's full mineral potential. The opportunity for new prospective partners is to capitalize on the groundwork laid by both Mundoro and VBM. The Timok Mining District, with its promising geological setting, offers a prime opportunity for science-based exploration and potential economic returns. Figure 3:  Overview map of the exploration licenses with exploration targets and 2023 drill hole locations over the surface geology. Valdor Project In 2023 the following Exploration Work was completed by MUN on the Valdor Project: Drilling on 2 Target Areas totaling 1758 m. Passive seismic survey covering 47 sq. km in 5 Exploration Licenses. Ground-based magnetic survey of 98 line km covering 19 sq. km in 1 Exploration License. Collection of 114 soil samples within 1 Exploration License. Within the Valdor Exploration Licenses the following targets are considered to be drill-ready: Skorusa: Quartz-magnetite±Au-Cu stockwork system related to multiple porphyry intrusions. Skorusa Corridor/Glavica: Structural trend marked by magnetic lineaments with silica-FeOx gossan  and argillic alteration between the Skorusa and Tilva Rosh Targets. Branik Corridor: Copper mineralisation associated with brecciated and altered andesitic volcanics. Southwest Minerals Project In 2023 the following Exploration Work was completed by MUN on the Southwest Minerals Project: Drilling on 5 Target Areas totaling 8,502 m. Passive seismic survey covering 15 sq. km in 1 Exploration License. Mapping on 2 Target Areas. Targeting reviews of all historical geochemical and SWIR mineralogy data. Compilation of district-scale structural data followed up by structural fieldwork at the license/target scale. Within the Southwest Minerals Exploration Licenses the following targets are considered to be drill-ready: Tilva Rosh (North and South): 6 x 1.2 km of advanced argilic lithocap alteration with porphyry-epithermal style alteration and porphyry style quartz-magnetite veining at depth. Markov Kamen (North and South): 2 x 0.5 mk of silica lithocap alteration in a brecciated host indicative of a high-level epithermal environment with potential for a concealed porphyry; High-grade chalcocite mineralization in historical workings. Bacevica North: Advanced argillic, argillic and quartz-sericite-pyrite alteration zones identified in drilling targeting IP and CSAMT anomalies under cover. Prekostenki: Diorite hosted porphyry style veining with Cu-Au. Orlovo: Porphyry style potassic alteration and quartz veining. D-Vein: Lithocap environment with epithermal alteration. Exploration Opportunities for Optioning in the Laramide Belt in Arizona, USA Dos Cabezas Project The Dos Cabezas Project, strategically located approximately 150 kilometers east of Tucson, Arizona, is situated within the highly productive Laramide magmatic arc segment of the Southwestern USA Porphyry province (Figure 3). This region is renowned for its proximity to established porphyry districts, including Safford and Morenci to the north and Tyrone to the east. The project area is also adjacent to the historic Teviston, Silver Camp, and Mascot mining districts, where historical mining and exploration activities have primarily focused on gold, silver, base metal veins, replacement type ores, and skarns, that are likely porphyry related, with significant quantities of high-grade copper ore historically shipped to smelters. Since the inception of the Dos Cabezas Project in the fourth quarter of 2021, with Mundoro as the operator, substantial progress has been made. Completed work includes reconnaissance-scale and target-scale mapping, as well as grid-based rock geochemical sampling across the entire outcropping area. Airborne geophysical surveys including magnetics and radiometrics have been conducted over the license area, with inversion models developed for 3D drill targeting. The continued exploration and development of the Dos Cabezas Project underscores our commitment to unlocking the potential of this promising region and contributing to the advancement of the mining industry in Southeast Arizona. In 2023, the Dos Cabezas Project saw the completion of the following Exploration Work: Field based geological mapping and grid based geochemical sampling over the outcropping portions of the property. Approval of drill site permits for drilling at: Mescal Canyon, Mineral Park, Casey Copper Canyon, and two buried Pediment targets. Diamond drilling at the two Pediment targets (802.7 m) using a track mounted drill rig. Execution of a helicopter supported drill program at both Mescal Canyon (744 m) and Mineral Park (598 m). Establishing waterline infrastructure to both Mineral Park and Mescal Canyon drill pads. The Dos Cabezas Project includes the following drill-ready targets: Mescal Canyon: Outcropping porphyry alteration center with mapped porphyry B and D veins hosted in the Silver Camp Granodiorite at the center of the project area. One drill hole drilled in Q4 2023 intercepted widespread alteration and anomalous geochemistry with elevated Cu-Mo-Ag mineralisation associated with zones of increased veining. Mineral Park: A second potential porphyry center located east of Mescal Canyon in the Mineral Park Monzonite, with proximal pods of skarn mineralisation. The drill hole ended in mineralization. Casey Copper Canyon: Cu-Au skarn pods historically mined from the Paleozoic carbonates with potential for wider zones adjacent to an intrusive and proximal to the Mescal Canyon target. Elma: Potential for an additional concealed porphyry at the east end of the project area associated with the historical mining in the Mascot-Elma district with 3 targets identified from reconnaissance fieldwork. Pediment Target Areas: Drilling into geophysical targets within the pediment intercepted Laramide volcanics and has validated the possibility for buried targets adjacent to the intrusives identified in the mountains of Dos Cabezas Project and along the Apache Pass Fault Zone. The conducted exploration work has propelled the Dos Cabezas Project into an exciting drilling phase, with a total of four drill holes completed over four distinct target areas in 2023 and with permitted sites, the flexibility to quickly move to a second phase of drilling. Figure 4:  Overview map of the Dos Cabezas exploration license with exploration targets and Phase 1 drill hole locations over the surface geology. Picacho Project The Picacho Project is strategically situated within the Laramide Porphyry belt, surrounded by a cluster of established porphyry deposits (Figure 4). It is also located near the intersections of historically recognized porphyry trends, enhancing its exploration potential. The project encompasses the historic North Star Mine, which saw open-pit production of oxide copper from approximately 1949 to 1970. The area has a history of exploration by notable groups such as BHP, Asarco, Cyprus, Magma Copper, and others. The exploration strategy for the Picacho Project focuses on identifying buried porphyry targets adjacent to surface alterations, geochemical, and geophysical anomalies along this trend. The depth to the basement in this area is believed to be relatively shallow, which is advantageous for exploration efforts. Preliminary field reconnaissance conducted by Mundoro in 2022 revealed the presence of porphyry-style veining, alteration, and copper mineralization within Laramide-aged intrusive rocks. Historic drilling in the vicinity has indicated the presence of disseminated copper mineralization, characteristic of Laramide porphyry copper systems. In 2023, the Picacho Project saw the completion of the following Exploration Work: Outcrop mapping focusing on mapping alteration and vein trends adjacent to pediment cover. Grid based geochemical sampling of the outcropping areas of basement geology. Drone based magnetics Survey. Ground based Gravity Survey. Geophysical inversion and modeling of depth to basement with several potential undercover drill targets proposed for permitting. The Picacho Project  now includes the following drill-ready targets: South Trend: Porphyry style, quartz-biotite veins observed on surface correspond with mapped mineralization, with these veins have a consistent trend which aligns with historical and recent magnetic anomalies projecting under Quaternary cover, producing an encouraging, untested copper porphyry target. Northern Diorite: Laramide aged, dioritic unit hosting structurally controlled mineralization which correlates with the dominant vein orientation. A broad geochemical anomaly coupled with complex magnetics features and a shallow cover sequence produces an intriguing, covered copper porphyry target. Central Zone: Structurally controlled copper sulphides and oxides occur adjacent to covered magnetic lows within a Laramide aged Monzonitic unit. The mineralization, shallow cover, and neighboring geophysical anomalies can be quickly tested with very little infrastructure improvement. Western Mag Target: A strong, discrete magnetic feature at a complex contact between Laramide aged intrusives and a gneissic unit is an attractive target with little to no Quaternary cover. Central East Area: The southern continuation of a previously drilled magnetic low with nearby historical holes containing intersections of up to 0.29% Cu over 100m from 10.7m. Figure 5:  Overview map of the Picacho exploration license with exploration targets over the surface geology. Mundoro Generates and Stakes the Copperopolis Project in the Laramide Belt of Arizona The Copperopolis Project is strategically located in central Arizona, approximately 52 kilometers northwest of Phoenix, within the Black Rock Mining District and 18 kilometers west of the Sheet Mountain porphyry deposit (Figure 5). The district was mined from the 1880s to the 1950s for high-grade Cu-Au quartz-specularite rich veins and breccia systems along major NW-SE striking structures and vein corridors. The Copperopolis Project exhibits promising potential for structurally controlled Au-rich epithermal to mesothermal vein-breccia mineralization at dilational or sheeted vein sites along the major structures. Analogous to the Cu-Ag-Au rich vein systems, such as the Magma Mine that was mined for over a hundred years, the project area holds significant exploration potential. Additionally, the Copperopolis Project area is in proximity to the Sheet Mountain Porphyry and recent porphyry targets being developed under the Copper Wolf JV by Buxton Resources and Ivanhoe Electric. Representing one of the largest clusters of copper occurrences in Arizona, the project area has been relatively overlooked by modern exploration. There exists potential for deeper porphyry systems that could potentially be driving the structurally controlled vein systems. Reconnaissance fieldwork has been conducted to date with multiple zones of sheeted quartz-hematite-Cu-oxide veins identified from historical mining. One of the known targets is the San Juan Area, which unlike other prospects with a NW strike the San Juan quartz-specularite-Chrysocolla veins and breccias have a predominately NE trend with the veins held on land staked by Mundoro. Figure 6: Land position with geology and targets at the Copperopolis Project in the Laramide belt, Arizona. Mundoro to Regain 100% Control of the Kinross-Mundoro Project in Serbia Working in central Serbia continues to be challenging for mineral exploration due to the lack of appreciation by some local residents for how mineral resources can add value to the local economy.  The GT7 project area is approximately 200 kilometers west of the Timok region which, by contrast to central Serbia, has enjoyed over a century of economic, infrastructural, educational, and employment benefits through its involvement in mining and exploration. As a result, Kinross Gold Corporation (“Kinross”) and Mundoro have agreed to terminate the option agreement, which will result in the relinquishment of a 100% interest in the project to Mundoro. Since the beginning of the partnership, Kinross and Mundoro have enjoyed a strong working relationship which has led to Kinross investing $0.8 million into the exploration of this project. Although this project has not been able to advance at the pace either partner would have liked, Mundoro and Kinross are discussing other opportunities for partnership. Within the GT7 exploration license, the following targets are considered to be drill-ready: Central: Outcropping porphyry style B-vein stockwork veining in diorite with associated geochemical and geophysical anomalies. South: Geochemical and geophysical anomalies suggestive of another porphyry system. Corporate Update Further to the Company’s news release on December 14, 2023, and January 24, 2024, announcing its intention to undertake a Normal Course Issuer Bid (“NCIB”), the Company confirms it has obtained final acceptance from the TSX Venture Exchange on January 26, 2024. The commencement date of the NCIB will be from January 31, 2024, to January 30, 2025, or the earlier of the purchase for cancellation up to a maximum of 3,741,502 of its Common Shares, representing approximately 5% of the 74,830,051 Common Shares outstanding in its public float. Qualified Persons The scientific and technical information described in this Press Release has been prepared in accordance with National Instrument 43-101. The scientific and technical information for Serbia exploration programs was reviewed and approved by Thomas Sant, FGS (EurGeol, CGeol) a Qualified Person as defined by NI 43-101 the Company’s Exploration Director for Serbia. The scientific and technical information for the Bulgaria and USA exploration programs has been reviewed and approved by and Richard Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and the Company’s Chief Geologist. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base metal and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners.  The portfolio of mineral properties is currently focused on predominantly copper exploration in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. For further information please contact: You can also visit Mundoro’s website www.mundoro.com. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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.

April 18, 2024 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce results from the inaugural drilling at the Dos Cabezas Project (“Project”), in Cochise County, Arizona.  As of April 12, 2024, Mundoro holds 100% of the Project. Teo Dechev, CEO and President commented “Mundoro is pleased with the initial drilling results from the Dos Cabezas Project. The first phase of drilling tested four target areas, with scout drill holes in each target.  In two of the target areas: Mineral Park and Mescal Canyon, these holes aimed to investigate the presence of a porphyry system, suggested by surface geochemistry, alteration, and veining. Both holes confirmed mineralization, supporting the potential for a porphyry-style system and indicating the need for further drilling. Mundoro is progressing in discussions with external parties to potentially option the Project.” Project Location The Dos Cabezas Project is located in SE Arizona, approximately 150 km east of the city of Tucson, within the prospective Laramide magmatic arc portion of the Southwestern USA cordilleran porphyry belt. The Dos Cabezas Project is surrounded by known porphyry districts, including Safford and Morenci to the north, and Tyrone to the east. Dos Cabezas Drill Program Overview Exploration to date has identified three target areas with outcropping alteration and mineralisation potentially associated with Laramide age porphyry copper systems: Mescal Canyon, Mineral Park, and Casey Copper Canyon targets.  An additional two undercover target areas were identified: Northwest Pediments target and SouthEast Pediments target, along the apparent WNW trend of the Apache Pass Fault Zone which was interpreted to extend below the shallow pediments (Figure 1). In the fourth quarter of 2023, two drill holes were successfully completed at the project (Figure 2). The first hole, targeting the Mineral Park area, reached a depth of 598 meters and encountered Cu-Au-Mo mineralization. The second hole, in the Mescal Canyon area, reached a depth of 743.7 meters and intercepted multiple zones of anomalous Cu-Mo-Ag mineralization and logged alteration and veining. At Casey Copper Canyon, the company has a permitted drill location to test the potential for skarn-style mineralization, as well as deeper porphyry copper mineralization. The two drill holes designed to explore beneath the pediment cover were completed in Q2-2023, each extending 400 meters for a combined depth of 801.7 meters. Both holes intersected volcanic units located under the pediment cover, without reaching the basement unit. Magnetic susceptibility measurements and inversion modeling suggest that these volcanic units could be responsible for the observed magnetic anomalies, however further evaluation of the geophysics in this area is required. Figure 1: Location map of the target areas in the Dos Cabezas drill program Figure 2: Plan map of the Mescal Canyon and Mineral Park drill holes and trace with surface geology. Geology and Mineralization Mineral Park Target The Mineral Park drill hole, reaching a depth of 600 meters, was designed to evaluate skarns previously mined at Mineral Park. This exploration was guided by magnetic anomalies identified through drone-based surveying and inversion modeling techniques. The deeper exploration target associated with a magnetic low was linked to exposed veining and alteration mapped within the Mineral Park Monzonite, situated to the west in an erosional window. The upper 450 meters of the borehole intersected andesite volcanic rocks that were veined and altered with sericite, chlorite, and epidote, exhibiting localized zones of more intense alteration and mineralization (Figure 3). Below 450-meters depth, the drill core revealed more felsic lithologies, including rhyolite and granite, with the presence of granitic breccias containing magnetite-pyrite infill accompanied by increased Cu-Mo-Au values towards the base of the hole (Figure 2). The final 76.7 meters, starting from 521.5 meters downhole, yielded assay results averaging 665.1 ppm Cu, 26 ppm Mo, 0.92 g/t Ag, and increasing Au values. The entire drilled length of 598.2 meters displayed anomalous zones in Cu-Mo-Ag, accompanied by pathfinder geochemistry of Bi-Te-W-Sn-Zn, characteristic of the upper levels of a porphyry system. Due to technical challenges and timing constraints, the drilling was terminated at 598.2 meters, with the final 1.8-meter sample returning 0.4% Cu, 0.14 g/t Au, 93 ppm Mo, and 2.2 g/t Ag. This deeper mineralized zone warrants further investigation through a steeper drilling angle from a permitted location east of the current hole, as geological and geochemical indicators suggest the potential for a distinct mineral center separate from the Mescal Canyon target. Figure 3: Schematic section for the Mineral Park drillhole showing downhole copper assay histogram. Table 1: Selected intervals from the drilling program completed at Dos Cabezas at Mescal Canyon (DC_003) and Mineral Park (DC_004) with intervals in meters and weighted averages reported. Mescal Canyon Target At Mescal Canyon, mapping and sampling in the area outlined a zone of pyritic veining with sericitic halos and sericitic fractures consistent with the upper and distal portions of a porphyry system.  One drill hole was designed to test the magnetic anomaly directly below the alteration and geochemistry mapped on the surface. The magnetic highs in the inversion model are associated with outcropping volcanics and skarns; with the magnetic low associated with the argillic alteration seen in the Silver Camp Monzodiorite. The entire hole was hosted in the Monzodiorite with stockwork veining and sericite-pyrite alteration all the way downhole; and narrow higher-grade zones associated with skarn style alteration near the top of the hole  (Figure 4). Elevated Copper Zones of >0.1% include 92.5m at 0.11% Cu from 230m and 101m at 0.1% Cu from 502.5m (Weighted averages). Highest zone of Mo mineralisation was 83.7m at 57.1ppm Mo from 335.1m with these zones typically associated with an increase in vein density and alteration intensity. The upper zone of skarn style mineralisation seen in outcrops and from historical mining close to the collar from 4.9m with massive magnetite assayed 14.6m at 64.7g/t Ag. 0.5g/t Au, 0.15% Cu (Weighted averages) with elevated Bi-Sn-W-Pb. The entire hole showed anomalous Ag-Cu with 738.8m assaying 3g/t Ag and 0.058% Cu with higher grade zones of Cu-Ag-Mo and elevated zones of pathfinder mineralisation. Strong pathfinder geochemistry downhole also suggests that we are on the edge and/or upper level of a porphyry copper system with additional drilling required to test the extents and core of the system. The drilling operation achieved a final depth of 743.7 meters, falling short of the targeted 900 meters. The cessation of drilling activities was initially due to the holiday season, followed by an inability to resume operations due to the termination of the Vale earn-in agreement. Figure 4: Schematic section for the Mescal Canyon drillhole showing downhole copper assays histogram. Sampling, Analysis and Quality Assurance and Quality Control (QAQC) Drill core was transported from the drill platform to the logging facility where it was logged, photographed, processed and split by diamond saw prior to being sampled. Samples were taken approximately every 3 meters or at lithologic or mineral breaks then bagged, and blanks, duplicates and certified reference materials inserted at intervals of 1 QAQC sample every 10 samples. Groups of samples were placed in collection bags, sealed with numbered tags in order to maintain a chain-of-custody, and transported from the logging facility to the ALS preparatory laboratory in Tucson, Arizona. Sample preparation was carried out at ALS, Tucson. Analytical work for this drill program was carried out by ALS Reno for Au and Vancouver, Canada for multi-element geochemistry.  Samples were prepared for analysis according to ALS method PREP 31, individual samples were crushed to 70% less than 2mm, rotary split off 1kg, pulverize split to better than 85% passing 75 microns is applied. Gold in samples were analyzed using ALS method Au AA24 where 50g split is analyzed with fire assay by Pb collection and AAS finish.  Multi-element geochemical analysis (48 elements) was performed on all samples using ALS method ME-MS61 where a 50g split is by four-acid digestion with ICP-MS finish. For samples returned >1% Cu from the ME-MS61 method to be re-assayed using 4-acid digestion and AAS finish, lab code Cu-OG62. For samples returned >100ppm Ag from the ME-MS61 method to be re-assayed using 4-acid digestion and AAS finish, lab code Ag-OG62. Quality Assurance and Quality Control procedures include the systematic insertion of standards, blanks and duplicates into the sample process. Duplicate core samples are taken every 30 samples and standards or blanks and duplicates are inserted after every 10th sample. All data collected from detailed logging and assay results from the laboratories are verified and entered into a database with any samples failing QAQC reassayed along with samples related to the QAQC sample batch either side. Qualified Person The scientific and technical information described in this Press Release has been prepared in accordance with National Instrument 43-101. The scientific and technical information for the USA exploration programs has been reviewed and approved by R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company and by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro and creates royalties attached to each mineral property optioned to partners.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. For further information about Mundoro, please contact Teo Dechev, Chief Executive Officer, President and Director, +1-604-669-8055, and Shamil Devji, Investor Relations Manager at +1-604-669-8055.  You can also visit Mundoro’s website www.mundoro.com. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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 21, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to provide an update on the Company’s corporate activities in Q4-2022 as well as outlook for 2023. Teo Dechev, CEO and President commented: “Mundoro grew the number of properties optioned to partners to a record total of nine, with the most recent announcement being with BHP Exploration. This demonstrates (i) the ongoing interest by global mining companies for the Company’s generated copper-gold focused exploration properties, and (ii) the value Mundoro provides to partners with its exploration and operational experience in the western Tethyan Belt and now also in the Laramide Belt of the southwest USA. In 2023, Mundoro is in a position to generate cash flow to cover operating expenses and continue growing the Generative Portfolio without the need to raise equity.” Follow our weekly updates on: LinkedIn and Twitter @Mundoro 2023 Outlook Stable Cash Position: As of December 31, 2022, the Company held C$4.8 million in cash and cash equivalents and no long-term debt. Generating Cash Flow to Cover Operating Expenses and Grow Generative Portfolio: In 2023, the Company estimates receiving Operator Fees and Option Payments of approximately C$2 to C$2.5 million while Corporate Expenses and Portfolio Generative Costs for 2023 are estimated to be approximately C$1.6 million.  As a result, the Company does not anticipate a need for capital raising in 2023. Partner Funded Exploration: For 2023, the Company estimates the partner funded exploration expenditures to be approximately C$11 to C$15 million. In 2023, Mundoro is operating six (6) exploration programs in Serbia, one (1) exploration program in Bulgaria and two (2) exploration programs in the USA.  Total drilling across all programs is estimated to be approximately 14,000 meters to 17,000 meters of drilling depending on various factors such as permitting. Operational Highlights from Q4-2022 Mundoro options to BHP Exploration Properties in Timok, Serbia: In January 2023, the Company entered into a definitive agreement with a wholly owned subsidiary of BHP Group Limited (“BHP”) such that BHP has the right to earn-in to three (each, an “Option”) exploration areas that Mundoro holds in the Timok region. The projects under the Options with BHP are located in and around the Timok Magmatic Complex in Serbia (see press release dated January 23, 2023). Mundoro is appointed as the operator of the work programs. The Timok Magmatic Complex is host to the largest copper-gold porphyry deposits in the western portion of the Tethyan Belt such as (i) Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry deposit, (ii) Bor underground mine which is a copper-gold porphyry, (iii-iv) Veliki Krivelj and Majdanpek open-pit mines which are both copper-gold porphyries, (v) the recently reopened Cerovo open-pit mine which is a copper-gold porphyry and (vi) the recently announced discovery of Coka Rakita exploration prospect. Mundoro Commenced Drill Program at the Vale Funded Projects in Timok, Serbia: In Q4-2022, Mundoro announced the commencement of a drill program at the Mundoro-Vale optioned projects located in the south central Timok Magmatic Complex (“Timok”) in Serbia. The drill program commenced drilling for a total of 4,000 meters to test 3 target areas with 5 drill holes.  A total of 3,016 meters have been drilled to date.  The drill program is ongoing with completion estimated by the end of March 2023.  Mundoro is appointed as the operator of the work programs.  For further information see press release dated October 5, 2022. Advancing Permitting for Drill Testing at the Vale Funded Dos-Cabezas Project in Arizona, USA: Several porphyry copper targets have been identified for drill testing. In Q4-2022 the Company advanced permitting for a Phase 1 drill program for approximately 3,000 meters of drilling which is planned to commence in late Q1-2023. Bureau of Land Management (BLM) permits have been received in Q4-2022 while the Arizona State Land Department  (ASLD) permits are in the final stage of review and expected to be complete in Q1-2023.  Additionally, new areas within the project are being evaluated for porphyry targets.  Mundoro is the operator of the work program. Advancing Exploration at the JOGMEC Funded EE1 Project in Bulgaria: The budgeted work program for the 2022 field season consisted of: historical data compilation, stream sediment sampling, soil sampling and detailed mapping. A preliminary geophysics survey to test the response over the sediments is being carried out with interpretation of initial results expected in Q1-2023. The Company is interpreting geochemical results from the field sampling programs as they are received from the assay lab. Mundoro is the operator of the work program. Exploration Identifies Drill Targets at Kinross Funded GT7 Property in Serbia: Based on the completed exploration work program completed in 2022, a work program and budget has been designed to: follow up on geochemical soil sampling anomalous areas, further detailed mapping and geophysics as well as drilling to test the initial targets. The Company is focused on permitting and access for drill testing the target areas.  Mundoro is the operator of the work program. Corporate Update Stock Option Grant: The Company issued 1,899,000 stock options to employees, contractors, officers and directors. The stock options were issued in accordance with the Company’s Equity Incentive Plan, exercisable for a period of 5 years from the date of the grant at an exercise price of C$0.195 per Common share (being the closing price on the TSX Venture Exchange on February 16, 2023). Qualified Persons The scientific and technical information in this news release was prepared under the supervision of, and approved by, T. Dechev, a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer and R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and the Company’s Chief Geologist. About Mundoro Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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 the 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’s website www.mundoro.com Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

May 9, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to announce the filing of its audited Financial Statements (FS), and Management’s Discussion and Analysis (MD&A) for 2022 with Canadian securities regulators on SEDAR (www.sedar.com). The Company’s audited FS, and MD&A are also available on Mundoro’s website at www.mundoro.com under the heading “Investors”.  All amounts are expressed in Canadian dollars unless otherwise indicated. Ms. Teo Dechev, CEO of Mundoro commented “The Company is pleased to have entered the 2023 field season with a solid balance sheet, approved work programs and budgets for partner-funded exploration on our exploration portfolio which plans to complete approximately 17,000 meters of drill testing across various porphyry targets in Serbia, Arizona and a copper sediment hosted target in Bulgaria. In 2023, Mundoro is anticipating to be cash flow positive with no need to return to the equity markets for operating capital.” Follow our weekly updates  on: LinkedIn and Twitter Financial Highlights Strong Cash Position: As of December 31, 2022, the Company held $4,843,844 in cash and cash equivalents and no long-term debt. Partner-Funded Exploration in 2022: The exploration expenditures, the majority of which are sole-funded by partners, were higher at $5,108,607 in fiscal year 2022 compared to $3,053,322 in fiscal year 2021 due to additional partner funded work program expenditures in Serbia, Bulgaria and the USA.  As a result, recoveries from option partners in fiscal year 2022 were higher when compared to 2021 and were $4,275,666 (84%) and $2,082,141 (68%) respectively, resulting in net exploration costs of $832,941 in fiscal 2022 and $971,191 in fiscal 2021. Generating Fees to Cover Corporate Expenses: The Company also received higher fee income (including operator fees, option fees, and miscellaneous income) of an aggregate $936,984 in fiscal year 2022 compared to $211,067 in fiscal year 2021.  A total of $102,628 of option fees which were not included in the fee income aggregate for 2022, were instead used to offset against the capitalized value of mineral properties rather than being recognized in income.  As a result, the total fees received from the portfolio in fiscal 2022 is $1,039,612. Portfolio Outlook for 2023 Generation of Fees Guidance for 2023: For 2023, the Company estimates generating $2 - $2.5 million in fees from partner programs while the Corporate Expenses and Generative Exploration Costs are estimated to be approximately $1.6 million. As a result, the Company does not anticipate a need to raise capital in 2023. Partner-Funded Exploration Expenditure Guidance in 2023: For 2023, the exploration expenditures funded by partners estimated at approximately $11 million to $15 million. During 2023, Mundoro is the designated operator of six (6) exploration programs in Serbia, one (1) exploration program in Bulgaria and two (2) exploration programs in the USA. Total drilling across all programs is planned to be approximately 17,000 meters depending on various factors such as permitting. Portfolio Highlights for 2023 Year to Date Signed Agreement with BHP to Option Exploration Properties in Timok, Serbia: In Q1-2023, the Company entered into a definitive agreement with a wholly owned subsidiary of BHP Group Limited (“BHP”) such that BHP has the right to earn-in to three (each, an “Option”) exploration areas that Mundoro holds in the Timok region. The projects under the Options with BHP are located in and around the Timok Magmatic Complex (“Timok”) in Serbia (see press release dated January 23, 2023). Mundoro is appointed as the operator of the work programs. The Timok Magmatic Complex is host to the largest copper-gold porphyry deposits in the western portion of the Tethyan Belt such as (i) Cukaru-Peki, a high sulphidation epithermal copper-gold and porphyry deposit, (ii) Bor underground mine which is a copper-gold porphyry, (iii-iv) Veliki Krivelj and Majdanpek open-pit mines which are both copper-gold porphyries, (v) the recently reopened Cerovo open-pit mine which is a copper-gold porphyry and (vi) the recently announced discovery of Coka Rakita exploration prospect. Commenced Drill Program at Vale Optioned Projects in Timok, Serbia: Mundoro announced the commencement of a drill program at the Mundoro-Vale optioned projects located in the southwest portion of Timok in Serbia. The drill program has planned 8,000 meters to test five (5) target areas with nine (9) drill holes. The five main target areas for drill testing during the 2023 drill program are: (i) Tilva Rosh, (ii) Markov Kamen, (iii) Bacevica North, (iv) Orlovo, and (v) Prekostenski. For further information see press release dated April 3, 2023. Commenced Drill Program at BHP Optioned Projects in Timok, Serbia: Mundoro announced the commencement of a drill program at the Mundoro-BHP optioned project, Borsko, located in the central portion of Timok in Serbia. The drill program has planned 2,000 meters to test one target area with one deep drill hole. For further information see press release dated April 5, 2023. Commenced Drill Program at Vale Optioned Project, Dos Cabezas, in Arizona, USA: Mundoro announced the commencement of a drill program at the Mundoro-Vale optioned project, Dos Cabezas located in Cochise, Arizona. The drill program has planned 3,000 meters to test five target areas with five (5) drill holes. For further information see press release dated April 11, 2023. Portfolio Exploration Plans for 2023 Vale-Mundoro Projects: The Management Committee approved a work program and budget covering the following exploration at each project area: Bobot and Odej: A Phase II drill program of 3,200 meters is planned for Tilva Rosh North target to follow up on the banded quartz-magnetite-chalcopyrite veins and mineralization intersected in the 2022 drill program. Drilling is anticipated to be completed in Q3-2023 with assay results from this drill program anticipated in Q4-2023. A Phase II drill program of 1,600 meters is planned for Markov Kamen South target to follow up on mineralization extension towards the south intersected in previous drill campaigns. Drilling is anticipated to be completed in Q4-2023 with assay results from this drill program anticipated in Q1-2024.  Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. Odej South and Gramada: Reprocessing and modeling of geophysical data is in progress to refine drill targets planned for drilling in 2023. Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. The exploration work program has planned an IP survey for the Orlovo-Bacevica North corridor for a total of 48 line-km. There is infill soil geochemistry planned over the Gramada southeast area as well as 50 rock chip samples as a part of the program to follow up on geochemical anomalies identified from the 2022 sampling field program. A Phase II drilling program is planned for 800 meters at the Bacevica North target to follow up the geophysical anomalies and alteration. The drilling is anticipated to be completed by Q3-2023 with the assays expected in Q4-2023. A Phase I drilling program is planned for 1,600 meters at the Orlovo and D-vein targets to follow up on porphyry mineralization extension intersected in a previous drill campaign, as well as soil geochemistry anomalies, and new geophysical anomalies. The drilling is anticipated to be completed by the end of Q2-2023 with the assays expected in Q3-2023. A Phase I drilling program is planned for 800 meters at the Prekostenski target to follow up on mineralization extension by depth intersected in previous drill campaigns as well as geophysical anomalies identified. The drilling is anticipated to be completed by the end of Q3-2023 with the assays expected in Q4-2023. Skorusa: A Phase II AMT geophysics survey as well as evaluation of other geophysical methods is planned in 2023. Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. Soil geochemistry is planned with a total of 210 soil samples to cover the western extension area. Rock chip sampling is planned for follow up of the soil geochemistry anomalies over the Skorusa license including 50 rock chip samples. A Phase II drill program is planned in Q3-2023 at Skorusa to follow up on the AMT geophysical anomalies and test mineralization at depth for a total of 1000 meters with the potential to extend by an additional 1000 meters. Assay results are expected in Q4-2023. Oblez: The geophysical models are being interpreted and correlated with the geochemical results from drill programs along with lithological and alteration down hole data to refine further targets for drill testing. Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. Rock chip sampling with up to 50 rock chip samples, is planned as follow-up of the soil geochemistry copper anomalies over the Oblez South area. Padina: The Company is evaluating additional geophysical methods for use in this exploration area. A passive seismic geophysical survey is planned over the entire license area. The expected start time is in Q2-2023 with the results anticipated in Q3-2023.  Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. Branik: A passive seismic geophysical survey is planned over the entire license area. The expected start time is in Q2-2023 with the results anticipated in Q3-2023. A Phase I drill program is planned for a total of 750 meters to follow up on the orientation of the hydrothermal breccia with mineralized ore clasts intersected in a previous drilling campaign. The assay results are expected in Q4-2023. Regional structural interpretation is planned in order to improve the understanding of the structural setting and for targeting. Dos Cabezas Project: A phase 1 drill program designed to test five (5) target areas with a total of 3,000 meters commenced in Q1-2023. Complete assay results are expected in Q4-2023. BHP-Mundoro Projects: The Management Committee approved a work program and budget covering the following exploration at each project area: Borsko Project: A drill program designed to test Target 1 at depth and to the northwest is planned with one (1) drill hole for a total of 2,000 meters of drilling during 2023. The drill hole is expected to be complete in Q2-2023 with assay results expected in Q3-2023. Trstenik Project: Continuation of drilling has been designed to test the extension of IP anomalies further to the south and southwest. One drill hole is planned for a total of 600 meters with petrophysics on the drill core. Geophysics is being planned with BHP as part of the 2023 work program to improve the for targeting at depth and throughout the license. The exploration program is aiming to test for a porphyry system at depth based on completed geophysics and results from Phase 1 drilling. South Timok Project: At Vitanovac, the Company is also planning for project scale sampling, mapping and geophysical surveys to be complete during 2023 as well as a drill program designed to test one of the target areas with one (1) drill hole for a total of 600 meters of drilling during 2023. While at Ponor, the Company is planning for project scale sampling, mapping and geophysical surveys to be completed during 2023. JOGMEC-Mundoro EE1 Project: The Management Committee has approved a work program and budget to cover additional soil sampling, mapping, continuation of an AMT geophysical survey and drill testing for approximately 2,000 meters. Kinross-Mundoro GT7 Project: The Management Committee has approved a work program and budget for the field season in 2023 to cover infill soil sampling with up to 730 samples to follow up on geochemical anomalies that remain open from the soil sampling program to the northwest and southwest. Rock chip sampling, with up to 50 rock samples, and detailed geology mapping within the infill soil sampling areas. IP Geophysics continuation for a total of 20.8 line-km, and a Phase I drilling program designed to test the Central and South target areas with four (4) drill holes, for a total of 2,500 meters.  The work program also has plans for a water monitoring environment study with a focus on water quality in the area prior to a drill program. Corporate Update The Company issued 200,000 stock options to a Consultant of the Company. The stock options were issued in accordance with Mundoro’s Equity Incentive Plan and are exercisable into common shares of Mundoro at $0.22 per share (being the closing price on the TSX Venture Exchange on May 5, 2023) over a five-year term. Qualified Persons The scientific and technical information described in this press release has been prepared in accordance with National Instrument 43-101.  The scientific and technical information for Serbia and Bulgaria exploration programs was reviewed and approved by, R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company.  The scientific and technical information for the USA exploration programs has been reviewed and approved by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company's Chief Executive Officer. About Mundoro Capital Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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’s website www.mundoro.com Contact Information: Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

June 5, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or 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. Teo Dechev, CEO commented: “Mundoro has built a diversified, copper focused, exploration portfolio generating payments to the Company which exceed the corporate expenses resulting in positive cash flow.  Mundoro grew the exploration portfolio in Q1-2023 with the addition of the Picacho Project, in Arizona resulting in 10 active exploration programs. With a strong balance sheet, positive cash flow, and 17,000 meters of anticipated drilling, Mundoro is well positioned to increase shareholder value throughout 2023.” Q1-2023 Financial Highlights Strong Cash Position: As of March 31, 2023, the Company held cash and cash equivalents totaling $7,290,012 (December 31, 2022 – $4,843,844) and no long-term debt. Positive Net Income: In Q1-2023, the Company recorded income of $321,748 ($0.00 per share), compared to a net loss of $430,630 ($0.01 per share) for the quarter ended March 31, 2022 for an increase of $752,378. Partner Funded Exploration Expenditures & Generative Expenditures: The exploration and project evaluation expenditures, the majority of which are sole-funded by partners, were higher at $1,686,880 in Q1-2023 compared to $948,776 in Q1-2022 due to higher budgeted exploration expenditures across the various partner funded programs. Recoveries from option partners in Q1-2023 were $1,549,658 (92% recovery) compared to $774,330 (82% recovery) in Q1-2022, resulting in net exploration costs of $137,222 in Q1-2023 and $174,446 in Q1-2022.  The net exploration costs are attributable: (i) costs that have been spent on behalf of a partner and will be reimbursed in the next reporting period under recoveries from partners and (ii) to the Project Generative segment of the Company. The Project Generative segment creates long-term royalty opportunities and receives property payments, milestone payments and other fees in exchange for mineral projects. Corporate Expenses: Corporate expenses in Q1-2023 were $341,199 compared to $186,461 in Q1-2022 which represented an increase of $154,738 compared to Q1-2022.  The increase was driven by an increase in salary related costs, increased overall professional and services costs and increased travel and corporate development related expenses resulting from less travel restrictions over the reporting period. Positive Cash Flow from Operations: The Cash Flow from Operations is higher at $2,729,681 in Q1-2023 compared to $(569,252) in Q1-2022, resulting in an increase of $3,298,933 from Q1-2022 to Q1-2023. Q1-2023 Exploration Portfolio Highlights & Outlook Follow our weekly updates from the field on: LinkedIn and Twitter Vale-Mundoro Projects Announced new Picacho Project with Vale in Pinal County, Arizona: The Picacho Project is situated within the Laramide Porphyry Belt, a prolific region of porphyry copper deposits extending from northern Mexico through the southwestern US. The Picacho Project has an approved work program and budget to be sole-funded by Vale with Mundoro as the Operator. The project will generate property payments, operator fees, and additional exploration potential for undercover copper porphyry systems in Arizona. For further information see our press release dated May 23, 2023 Ongoing Drill Testing at Bobot and Ojej: In Q1-2023, drill testing at the Tilva Rosh North target commenced where a total of 113.7 meters of diamond drilling was completed out of the planned 3,200 meters. Drilling is anticipated to be completed in Q2-2023 with assay results from this drill program anticipated in Q3-2023. Additionally, drill testing at the Markov Kamen South target started, where a total of 867.9 meters of diamond drilling was completed out of the planned 900 meters that remained from the 2022 drill program.  The assay results are expected to be received in Q2-2023. Completion of Permitting in Das Cabezas: Permitting with State and Federal agencies was completed in Q1-2023 for the Phase 1 Drill Program to test five target areas. Drilling commenced in April 2023 and is expected to be completed in Q4-2023. Advancing Exploration for upcoming Drill Programs with Vale: In Q1-2023, the Company mobilized for a Passive Seismic geophysical survey over the Branik and Padina licenses with the geophysical interpretations anticipated in Q3-2023. BHP-Mundoro Projects Ongoing Drilling in Borsko: During Q1-2023, drilling commenced where a total of 566.0 meters of diamond drilling was completed out of the planned 2,000 meters. Drilling is anticipated to be completed in Q2-2023 with assay results from this drill program anticipated in Q3-2023. Advancing Exploration for upcoming Drill Program with BHP: During Q1-2023 the Company conducted permitting for the upcoming drilling program at Trstenik and Vitanovac with the State Forestry Department. The State Forestry permit approvals are expected in Q2-2023. JOGMEC-Mundoro Project Advancing Exploration for upcoming Drill Program with JOGMEC: In Q1-2023, the work program consisted of soil sampling, mapping, site visits and preparation for additional geophysics and 2,000 meters of drilling in 2023. Kinross-Mundoro Project Advancing Exploration for upcoming Drill Program with Kinross: During Q1-2023 the Company focused on community relations and landowner permitting for the planned work program in 2023. Qualified Persons The scientific and technical information described in this press release has been prepared in accordance with National Instrument 43-101.  The scientific and technical information for Serbia and Bulgaria exploration programs was reviewed and approved by, R. Jemielita, PhD, MIMMM, a Qualified Person as defined by NI 43-101 and Chief Geologist to the Company.  The scientific and technical information for the USA exploration programs has been reviewed and approved by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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’s website www.mundoro.com Contact Information: Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 info@mundoro.com

August 31, 2023 Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to report profitable financial results from its operations in the first six months ending June 30, 2023 (“H1-2023”). Teo Dechev, CEO and President commented: “The Company has delivered a profitable first half of 2023 as a result of the generative business strategy which continues to operate 10 exploration programs, generating new exploration opportunities for partnering while maintaining low corporate expenses. Cash Flow from Operations increased by 561% to $1,263,215 which continues to improve the company’s balance sheet.  For the second half of 2023, Mundoro is on track to reach the forecasted $2 million to $2.5 million in fees earned with total corporate and generative expenses of $1.6 million. The company is projected to complete 17,000 meters of drilling as a result of the $15 million in partner funded exploration expenditures in 2023.” Follow our weekly updates on: LinkedIn and Twitter @Mundoro Financial Highlights and Outlook For complete details of the Company’s financial results, please refer to the condensed interim consolidated financial statements and MD&A for the six-month periods ended June 30, 2023, and 2022. The Company’s filings are available on SEDAR at www.sedar.com and on Mundoro’s website at www.mundoro.com. Strong Cash Position: As of June 30, 2023, the Company held $8,398,601 in cash and cash equivalents (“Cash Position”) and no long-term debt. Fees Earned: In H1-2023, the Company generated $1,464,598 in Fees and Payments, up 298% compared to the same period in 2022. Corporate Expenses: General and administrative expenses of $625,164 were incurred in the H1-2023, up 38% compared to the same period in 2022. Net Income from Operations: Net income was $1,084,863 for H1-2023, compared to a net loss of $481,794 for the same period in 2022. Positive Cash flow from Operating Activities: Cash flow of $3,725,504 was generated from operating activities in H1-2023. Cash flow generated from operating activities, excluding changes in non-cash working capital, was $1,263,215, up 561% compared to the same period in 2022. Portfolio Outlook for 2023 Generation of Fees Guidance for 2023: For 2023, the Company estimates generating $2 – $2.5 million in fees from partner programs while the Corporate Expenses and Generative Exploration Costs are estimated to be approximately $1.6 million. As a result, the Company does not anticipate a need to raise capital in 2023. Partner-Funded Exploration Expenditure Guidance in 2023: For 2023, the exploration expenditures funded by partners estimated at approximately $11 million to $15 million. During 2023, Mundoro is the designated operator of six (6) exploration programs in Serbia, one (1) exploration program in Bulgaria and two (2) exploration programs in the USA. Total drilling across all programs is planned to be approximately 17,000 meters depending on various factors such as permitting. Project Portfolio Highlights for Q2-2023 For complete details of the Company’s Summary of Operations, please refer to the MD&A for the six-month periods ended June 30, 2023, and 2022. The Company’s filings are available on SEDAR at www.sedar.com and on Mundoro’s website at www.mundoro.com. Announcement of New Copper Project in Arizona: In Q2-2023, Mundoro announced the staking of the Picacho Project in Pinal County, Arizona. The Picacho project is situated within the Laramide Porphyry Belt, and has an approved work program and budget to be sole-funded by Vale, with Mundoro as the operator. The project will generate property payments, operator fees, and additional exploration potential for undercover copper porphyry systems in Arizona. Commencement of Drilling with Vale in Arizona: In Q2-2023, Mundoro announced the commencement of a drill program at Mundoro’s Vale optioned project, Dos Cabezas, located in Cochise, Arizona. The drill program is planned for 3,000 meters to test five target areas with 5 drill holes. These five drill holes represent a rare opportunity in Arizona to test an undrilled porphyry copper system.  The first two holes were drilled in Q2-2023 with the next three drill holes to be drilled in Q4-2023. Commencement of Drilling with BHP in Serbia: In Q2-2023, Mundoro commenced a drill program at Mundoro’s BHP option project, Borsko Jezero, which is located in the central portion of the Timok Magmatic Complex in eastern Serbia. The drill program was completed in Q2-2023 to test one target area with one 2,000 meter drill hole. Commencement of Drilling with Vale in Timok, Serbia: In Q2-2023, Mundoro announced the commencement of a drill program at Mundoro’s Vale optioned project area located in the southwest portion of the Timok Magmatic Complex in eastern Serbia. The drill program is planned for 8,000 meters to test five (5) target areas with nine (9) drill holes. The five main target areas for drill testing during the 2023 drill program are: (i) Tilva Rosh, (ii) Markov Kamen, (iii) Bacevica North, (iv) Orlovo, and (v) Prekostenski. Advancing Exploration for Upcoming Drill Program with JOGMEC: In Q2-2023, Mundoro submitted 8 drill hole locations for permitting to the responsible authorities. Qualified Person The scientific and technical information described in this Press Release has been prepared in accordance with National Instrument 43-101. The scientific and technical information for Serbia and Bulgaria exploration programs was reviewed and approved by Thomas Sant, FGS (EurGeol, CGeol) a Qualified Person as defined by NI 43-101 and Exploration Director to the Company. The scientific and technical information for the USA exploration programs has been reviewed and approved by T. Dechev, P.Eng (PEO, APEGBC), a Qualified Person as defined by NI 43-101, and the Company’s Chief Executive Officer. About Mundoro Capital Inc. Mundoro is a publicly listed company on the TSX-V in Canada and OTCQB in the USA with a portfolio of mineral properties focused primarily on base and precious metals.  To drive value for shareholders, Mundoro’s asset portfolio generates near-term cash payments to Mundoro from partners and creates royalties attached to each mineral property.  The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts: Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA. For further information about Mundoro, please contact Teo Dechev, Chief Executive Officer, President and Director, +1-604-669-8055, and Shamil Devji, Investor Relations Manager at +1-604-669-8055.  You can also visit Mundoro’s website www.mundoro.com. 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 earn-in expenditures, options and completion of a definitive 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 Company’s projects, 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.