Ms. Teo Dechev reports

MUNDORO RECEIVES NEW COPPER-GOLD PROJECT IN SERBIA

Mundoro Capital Inc. has been granted a new exploration licence totalling 98 square kiloemtres located in the northern portion of the Serbo-Macedonian Metallogenic province, which is part of the Tertiary magmatic belt in central Serbia and south of the Rudnik lead-zinc-silver mining district.

Highlights:

• The licence is a copper-gold area totalling 98 square km in central Serbia (GT7 copper project);
• Considered highly prospective for porphyry and related epithermal mineralization;
• Located 40 km southeast of the Rudnik lead-zinc-silver mining district;
• At least four historically recorded base metal occurrences within the project;
• Historical data collection under way with exploration programs commencing this summer;
• Further applications have been submitted across key mineralized belts in Serbia.

Teo Dechev, chief executive officer and president, commented: "We are delighted to be granted this new copper-gold project area in Serbia. GT7 copper project contains exposures of diorite porphyry copper-gold type quartz stockwork mineralization and likely to related precious and base metals veins in surrounding sedimentary country rocks.

"Our field team will advance exploration in the summer, focusing on the priority targets defined from initial field reconnaissance. In the meantime, we will commence marketing the project to potential partners seeking drill-ready targets for copper-gold exploration in a prospective mineral belt in Serbia. Mundoro has also applied for additional projects in key belts in Serbia to which we await the results of these applications."

Project summary

Project location:

• GT7 is located approximately 150 km south of Belgrade, the capital of Serbia, and near Kraljevo and Kragujevac, the largest industrial centers of Serbia.
• GT7 covers 98 square km of the northern portion of the Serbo-Macedonian metallogenic province, part of the Tertiary magmatic belt.
• The Tertiary magmatic belt is an emerging belt that is host to several lead-zinc-base-metal vein and carbonate replacement type of deposits with recently recognized potential for porphyry and epithermal copper-gold deposits.

Project geology:

• Geology at GT7 comprises Cretaceous siliciclastic and carbonate sedimentary lithologies intruded by Tertiary diorites and overlain by andesite porphyry volcanic rocks.
• The volcanic-intrusive lithologies form part of the north-northwest striking Tertiary magmatic arc of central Serbia. Lead and zinc mineral occurrences are recorded in the area as well as old workings.
• Polymetallic quartz-carbonate veins (including pyrite, sphalerite, galena and rhodochrosite) are reported to contain some gold grades.
• Porphyry style B vein stockworks are observed in magnetic diorite to the north. Widely spaced networks of approximately one-centimere-thick quartz and calcite veins with some coarse molybdenite are common in bedded sedimentary lithologies.

Generative program:

• Numerous mineral exploration targets have been identified throughout Serbia under the generative program carried out by the company.
• Targets with indications of copper and/or gold have been prioritized to explore for potential porphyry copper and related deposits.
• GT7 was one of those targets selected for field follow-up. Several more targets have been identified with exploration applications submitted to the ministry.

Qualified person

The technical disclosure in this press release has been reviewed, verified and approved by R. Jemielita, PhD, MIMMM, a qualified person as defined by National Instrument 43-101 and consultant to the company.

About Mundoro Capital Inc.

Mundoro is a royalty generator company with a portfolio of projects focused on base and precious metals that generate royalties and near-term mineral revenue. To drive value for shareholders, Mundoro has generated a portfolio of mineral projects primarily focused on copper and gold in Serbia and Bulgaria. Value generated from its mineral properties is through near-term revenues from various forms of payments from partners and long-term through the generated royalties.

We seek Safe Harbor.