Mr. Teo Dechev reports

MUNDORO COMMENCES THE 2025 SUMMER DRILL PROGRAM AT BORSKO WITH BHP

Mundoro Capital Inc. has started its summer drill program at the Borsko project, part of the BHP-Mundoro option earn-in agreement in the Central Timok magmatic complex (TMC) in Serbia.

The Borsko project, covering approximately 40 square kilometres, is strategically situated directly west of the established Bor mine and lies along a parallel structural corridor within the highly prospective TMC. To date, exploration has identified several key targets. Notably, Target 1 is an undercover, well-preserved alteration lithocap, extending approximately 1.6 kilometres by one kilometre. This intact lithocap, representing the upper portion of a preserved hydrothermal system with classic alteration zonation indicative of a nearby porphyry, was initially identified through geophysical techniques and drill testing. Building on the understanding gained from Target 1, the exploration team has since identified a similar geophysical anomaly in the northwest portion of the licence (Borsko NW target). The new Borsko NW target will be the focus of an initial 1,000-metre drill hole. The drill rig was mobilized in June with drilling anticipated to conclude in Q3 2025. The program is solely financed by BHP as part of the approved work program and operated by Mundoro's operations team.

The Timok region in eastern Serbia is a well known mining district with over a century of mining operations, with approximately four billion tonnes in porphyry systems across five known mines. The Timok magmatic complex is host to some of the largest copper-gold porphyry deposits in the western Tethyan belt, including Cukaru-Peki (high sulphidation epithermal copper-gold and porphyry copper), the Bor Mining complex (copper-gold porphyry), Veliki Krivelj and Majdanpek (both copper-gold porphyry open-pit mines), and the recently reopened Cerovo porphyry copper-gold open-pit mine. The company believes Borsko's strategic location within the prolific TMC positions it favourably for discovery.

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 this press release 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.

About Mundoro Capital Inc.

Mundoro is a publicly listed company on the TSX Venture Exchange in Canada and OTCQB in the United States 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 United States.

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