Ms. Teo Dechev reports

MUNDORO ANNOUNCES ANNUAL GENERAL MEETING RESULTS AND BOARD CHANGES

Mundoro Capital Inc. has released the voting results of its annual general meeting of shareholders, held on July 14, 2025.

The company's shareholders voted in favour of all matters brought before the meeting. A summary of the voting results is provided in the attached table.

Shareholders approved the reappointment of PricewaterhouseCoopers LLP as the auditor of the company for the ensuing year at the remuneration to be fixed by the board of directors.

Board changes

Mundoro is pleased to announce the election of Siegfried Weidner, BSc, PGeo, as a director of the company. Mr. Weidner's appointment is effective as of July 14, 2025. Mr. Weidner is a professional geologist registered in British Columbia with over 35 years of international experience in mineral exploration. A significant portion of his distinguished career includes 18 years with Rio Algom Ltd./Billiton/BHP Billiton, culminating in his role as BHP-Billiton Exploration's manager of operations for North America and Europe. He is widely recognized for his proven record of discoveries, successful project evaluations and effective project execution, guiding initiatives from greenfield exploration through to advanced stages. Notably, Mr. Weidner was the recipient of several industry accolades, including Prospector of the Year (New Brunswick PDAC branch in 1993). Furthermore, he was a key part of the team that received the International Bill Dennis (PDAC) Prospector of the Year award in 1998 for the discovery of the Spence porphyry copper deposit in Chile. His deep expertise will be instrumental in the board's oversight of Mundoro's strategic exploration efforts and project advancements.

"We are delighted to welcome Siegfried Weidner to Mundoro's board," stated Teo Dechev, chief executive officer of Mundoro Capital. "His extensive experience as a professional geologist and his proven track record of significant discoveries and project advancements will be an invaluable asset. Siegfried's addition significantly strengthens our technical expertise and strategic oversight at the board level as we continue to advance our exploration portfolio and pursue new opportunities."

Nick Hatch has retired from the company's board of directors, effective at the close of the company's recent annual general meeting. Mr. Hatch's retirement follows five years of dedicated service to the board of Mundoro. "On behalf of the entire board, we extend our sincere gratitude to Nick Hatch for his contributions and unwavering support as an independent director," stated Ms. Dechev. "We wish him all the very best in his future endeavours."

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 predominantly on copper in two mineral districts: the western Tethyan belt in Eastern Europe and the Laramide belt in the southwestern United States.

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