Mundoro Provides Exploration Program Update for Serbia

Vancouver (ots/PRNewswire) -

Mundoro Capital Inc. ("Mundoro" or the "Company") is pleased to
provide an update on its exploration activities at its 100% owned
properties in Serbia. The Company completed Ground Magnetic Surveys
over three license areas: Savinac, Sumrakovac and Zeleznik, all
located in the Timok Magmatic Belt.

Teo Dechev, President and CEO commented, "We are very pleased to
provide investors with this exploration update. On the Savinac
license, trenching continued at Tilva Rosh, where we previously
reported high grade gold results near surface. The follow up trenches
identified continued extension of the mineralization while the
geochemical sampling around the area identified new parallel zones.
Our next step at Tilva Rosh will be to drill test the targets. Work
at our Zeleznik license, which sits along the same geological and
structural setting as the Majdanpek Mine, highlighted two areas with
significant Cu-Au-Mo anomalies which are slated for trenching and
drill testing.

Mundoro has quickly progressed from compiling an extensive
property package in the TMC area within the past two years, to
defining a number of near surface mineralized zones, to now drill
testing."

Ms. Dechev continued, "As a result of the successful targets
identified and future exploration potential in Serbia, we have been
approached by various producers and are evaluating joint venturing.
We are in active discussions with potential partners for our projects
in Serbia. A successful joint venture would provide non-dilutive
access to capital and generate further exploration value. Concurrent
to our exploration efforts, we continue to evaluate developed assets
closer to production."

Savinac

A detailed ground magnetic survey totaling 178 km was completed
over an area of 18 sq.km. The survey lines had an east-west
orientation and were largely spaced 100 meters (m) apart, with some
select lines spaced 50 m apart. The survey was designed to cover the
previously confirmed mineralized structural zone (identified by soil
and rock geochemical surveys) extending over a strike length of more
than 7 km.

Analysis of the ground magnetic data defined five anomalous areas
of interest. The north-northwest trending magnetic lows are
characteristic of the ore controlling structures within the Timok
Magmatic Complex.

Further analysis suggests that three of these magnetic lows could
potentially host mineralization, meriting further exploration. This
interpretation is supported by geological mapping of the property.
All three of these zones trend north-northwest (and occasionally
north-south) and demonstrate demagnetized zones that extend down to
between 200 m and 500 m depth.

Exploration work continues with detailed mapping, trenching and
rock sampling over identified anomalous areas. Follow-up drill
testing of selected targets as defined by systematic and multiple
exploration data is planned later in the year.

Zeleznik

The Zeleznik License covers 60 sq.km. and is located at the
northern part of the Timok Magmatic Complex. The southern portion of
this license continues along strike and shares the same geological
and structural setting as its neighbor, the Majdanpek Copper-Gold
porphyry mine, which has a reported resource of 1000 million tonnes @
0.4-0.8% Cu, 0.25-1 g/t Au (Jelenkovic, 2007). The anomalies in our
license lie directly north of the latest, ongoing northerly extension
of the Majdanpek Mine, which has is now some 1,600 meters from our
property boundary.

Mundoro completed a ground magnetic survey program over the two
areas highlighted by significant Cu-Au-Mo in the soil anomalies
located at the southern part of the project (see press release from
January 13, 2014 for details). Interpretation of the results
highlighted that the zone of hydrothermal alteration is characterized
by a 600 m to 700 m long, by 600 m wide, magnetic high. Several other
local magnetic highs appear to define a ring at the margins of the
zone of alteration. The zone is interpreted to extend down from the
surface. The company is following up with trenching in Q2-2014 and
follow on drill testing in H2-2014.

Sumrakovac

The Sumrakovac License covers 103 sq.km in the southern portion of
the Timok Magmatic Complex. The property contains a cluster of
underexplored occurrences with the potential for gold-copper porphyry
style mineralization. The Company has completed stream sediment
screening, rock and soil geochemical sampling and partially competed
the reconnaissance mapping.

A ground magnetic geophysical survey was completed over 1.5 sq.km
area coincident with Cu-Au-Mo geochemical soil anomalies. The results
highlighted additional anomalous centers to the east of the known
Skorusa Cu-Au porphyry and have been interpreted as possible
stockwork related mineralisation. Interpretation of the geophysical
survey results shows:

- The existence of a major north-south to north-west linear magnetic low
defined at the contact between tuffs and argillic altered rocks. The anomaly is 400 to
500 meters deep and dips to the west. In general, north-west magnetic lows are a
characteristic feature of the ore controlling structures in the Timok Magmatic
Complex.
- A north-northwest trending magnetic high interpreted as a previously unknown
stockwork zone needs additional follow-up, as do the "bullseye" type magnetic
anomalies at the eastern end of the known diorite intrusion, which overlap with an
area of hydrothermal alteration. This area is highlighted by Cu-Au-Mo soil and stream
sediment anomalies.

Follow up work on these areas has already begun with detailed
mapping of the anomalies in order to better understand them while
work continues to identify additional porphyry mineralisation. Rock
channel sampling of promising outcrops has also begun. Planned
trenching activities over covered areas will be undertaken once the
necessary permissions are attained.

Sampling and Analysis

Ground magnetic surveys were carried out by the Department of
Applied Geophysics at the University of Mining and Geology "St. Ivan
Rilski", Sofia, Bulgaria. Geomagnetic data was collected using two
magnetometers, created by GEM Systems Inc. The GSM-19T magnetometer
model was used as a base station, the GSM-19 model was used as a
walking magnetometer, collecting readings continuously along the
profiles. Data quality control, analysis and interpretation were
carried out by a qualified independent consultant using the MAG3D
program for the 3D inversion modeling developed by the University of
British Columbia (UBC). The topography was accurately incorporated by
using smaller model cells at the surface. The 3D models were
visualized as contour maps of magnetic susceptibility along vertical
and horizontal slices. This type of presentation facilitates the
comparison between geology and geophysics.

All trench and rock intercepts were obtained from continuous
channel sampling at 2 m intervals. All samples are assayed using 50
gram fire assay with an atomic absorption finish by ALS Bor, Serbia.
Quality Assurance and quality control procedures include the
systematic insertion of standards and duplicates into the sample
streams. Field duplicate samples are taken every 25 samples and
standards and blanks are inserted after every 20th sample. All data
collected in the field and assay results from the laboratories are
routinely verified and entered in an Access data base.

Soil samples were collected from the "B" horizon of the soil media
by hand digging a hole from 0.1 to 0.5m. Material of ~500 grams was
collected, sealed and send directly to the ALS laboratory in Bor.
Samples were dried at 60degree(s)C/140F, sieve sample to -180 micron
(80 mesh) and assayed using 30 gram fire assay with an atomic
absorption finish.

The technical information contained in this Press Release has been
reviewed and approved by Mr. G. Magaranov, P. Geo., the Qualified
Person as defined by National Instrument 43-101.

On behalf of the Company,

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a well-funded, Canadian based, company focused on
mineral acquisition, exploration, and development. Our primary focus
is advancing our properties on the Tethyan Belt in Southeastern
Europe. Mundoro has methodically acquired a district-scale land
position on this prolific mineral belt which hosts significant
Gold-Copper porphyry and related epithermal deposits. Our strong
project pipeline, which also includes assets in Mexico and China, is
positioned to drive long-term, sustainable growth in order to attain
production and shareholder return.

Caution Concerning Forward-Looking Statements

Information included, attached to or incorporated by reference
into this News Release may contain forward-looking statements. All
statements, other than statements of historical fact, included or
incorporated by reference in this News Release are forward-looking
statements, including, without limitation, statements regarding
activities, events or developments that the Board expects or
anticipates may occur in the future. These 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. The material
assumptions that were applied in making the forward looking
statements in this News Release include expectations as to the
Company's future strategy and business plan and execution of the
Company's existing plans. There can be no assurance that the plans,
intentions or expectations upon which these forward-looking
statements are based will occur. We caution readers of this News
Release not to place undue reliance on forward looking statements
contained in this News Release, which are not a guarantee of
performance and 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, 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 to
reflect new information, subsequent events or otherwise, 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 http://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.

SOURCE: Mundoro Capital Inc.

For further information:

please contact Teo Dechev, CEO, President and Director of Mundoro
Capital Inc. at +1-604-669-8055 or Michelle Roth, Roth Investor
Relations at +1-732-792-2200.

(MUN.)

ots Originaltext: Mundoro Capital Inc.
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