Mr. Teo Dechev reports

MUNDORO COMMENCES DRILLING AT HIGH PRIORITY SKORUSA EAST TARGET

Mundoro Capital Inc. has commenced drilling at the high-priority Skorusa East target within the Central Timok project, located within the Timok magmatic complex in Serbia. The project is part of the previously announced BHP-Mundoro option earn-in agreement (1), where BHP is sole-financing the exploration activities.

Highlight:

• Planned 1,000 metres (m) of drilling across two drill holes at the Skorusa East target.

Central Timok project

The project area is a comprehensive package of seven exploration licences covering 418 square kilometres (km) within the Timok magmatic complex in eastern Serbia. Timok is one of the most prolific metallogenic domains in the western portion of the Tethyan belt, hosting several large-scale deposits and producing mines.

This land package encompasses four alteration zones, each extending approximately four km for a cumulative 16 km of alteration. These zones display characteristic soil geochemistry and alteration zonation indicative of porphyry systems.

Skorusa East target

The exploration technical committee has approved 1,000 m of drilling across one to two drill holes at the Skorusa East target. Upon completion, the drill rig will be relocated to the high=priority Tilva Rosh South target:

• Location: Skorusa East is part of the larger Skorusa license, located five km southwest of the Bor mine complex and four km west of the Cukaru Peki mine.
• Geological context: Skorusa West and East targets together feature a significant two by three km alteration footprint related to a copper-gold porphyry system.
• Historical intercepts: Previous drilling at Skorusa West intersected a wide mineralization halo, including 201.2 m at 0.11 per cent copper (Cu) and 0.11 gram per tonne (g/t) gold (Au) (2), confirming a large-scale system hosted in intrusive and volcano sedimentary units with higher grades associated with potassic-altered diorite porphyry dikes.

The opportunity: Skorusa East is defined by a surface soil geochemical anomaly and alteration zone, located immediately east of the Skorusa West porphyry. Prior drilling in hole STRD-005 intersected hydrothermally altered medium- to fine-grained porphyritic diorite with trace disseminated chalcopyrite and quartz-chalcopyrite-pyrite-magnetite A-B-type porphyry veinlets and a late mineral dike postdating early veinlets, suggesting the existence of an additional mineralized centre. The two drill holes in the current drilling campaign are designed to test the eastern extent of Skorusa East target with approximately 1,000 m of drilling, where there are demonstrated geochemical and alteration vectors along with a coincident magnetic anomaly.

Qualified person

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

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: the western Tethyan belt in Eastern Europe and the Laramide belt in the southwestern United States.

(1) Mundoro Capital's Oct. 13, 2025, news release.

(2) Mundoro Capital's July 6, 2021, news release.

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