Mundoro Extends Copper Mineralization With Drill Program at Zeleznik Property, Serbia

Vancouver, British Columbia (ots/PRNewswire) -

Mundoro Capital Inc. ("Mundoro" or the "Company") is pleased to
announce the drilling results from its 100% owned Zeleznik license,
located at the northern portion of the Timok Magmatic Complex in
northeastern Serbia.

The Zeleznik license covers 60kmsquared and is located 1.8km
directly north of, and adjacent to, the Majdanpek open pit
copper-gold mining operation (see Zeleznik Location Map [http://mundo
ro.com/sites/default/files/Zeleznik%20Location%20Map%20Jan%202015.jpg
]) and 45km northwest of the Bor Mine Complex.

Teo Dechev, CEO and President of Mundoro commented, "The Zeleznik
drill program has demonstrated that the previously defined surface
mineralization remains open at depth and along strike at both the
West Zone and East Zone targets. At the East Zone, drilling returned
a number of high grade intersections such as 2.8m @ 2.98% CuEq in
massive sulphides from hole ZELDD05 and bottomed with 4.9m @ 1.40%
CuEq in hole ZELDD06. These initial drill results are encouraging as
they confirm the presence of a mineralized porphyry and related
epithermal systems with higher copper-gold grades. The West Zone's
long intersections were in porphyry style copper-gold mineralization
in all three drillholes. They contained higher grade zones such as
25.8m @ 0.43% CuEq from hole ZELDD01. The results are very promising
as they demonstrate the potential for discovery of new near surface
copper-gold mineralization with open pit minable grades."

Interpretation of Drill Results

This first pass drilling of the Zeleznik property is follow up to
the mapping, trench sampling, geophysics and soil geochemical work
completed throughout the year in 2014 (see May 1, 2014 and January
13, 2014 press releases). Six inclined diamond drill holes totaling
1,t000m were drilled to test the vertical extent of the previously
defined encouraging surface copper-gold mineralization at the West
Zone (see Zeleznik West Zone Drill Hole Location Map [http://mundoro
.com/sites/default/files/West%20Zone%20-%20Plan%20map.pdf ]) and East
Zone (see Zeleznik East Zone Drill Hole Location Map
[http://mundoro.com/sites/default/files/EastZone%20-%20Plan%20map.pdf
]) targets. Three drill holes were drilled at each zone in order to
test the down dip mineralization to approximately 150m as well as
gain additional information about the geological and structural
controls.

Table 1: Summary of significant results from drill holes ZELDD01
to ZELDD06.

Drill Hole From To Interval
ID (m) (m) (m) Cu (%) Au (g/t) CuEq (%) AuEq (g/t)

ZELDD_01 0.0 230.3 230.3 0.16 0.025 0.17 0.30
Including 29.2 55.0 25.8 0.39 0.076 0.43 0.74
ZELDD_02 0.0 164.7 164.7 0.14 0.017 0.15 0.26
ZELDD_03 0.0 176.0 176.0 0.18 0.029 0.20 0.34
Including 2.0 32.0 30.0 0.23 0.037 0.25 0.43
Including 161.5 166.7 5.2 0.26 0.045 0.29 0.49
ZELDD_04 12.0 133.1 117.0 0.11 0.17 0.21 0.36
Including 33.0 39.0 6.0 0.48 0.46 0.75 1.28
Including 90.0 91.0 1.0 0.52 1.09 1.16 1.98
Including 100.0 101.0 1.0 0.74 1.22 1.45 2.49
ZELDD_05 24.5 105.7 81.2 0.22 0.23 0.35 0.61
Including 26.6 29.4 2.8 2.1 1.5 2.98 5.10
ZELDD_06 4.0 12.0 8.0 0.11 0.40 0.34 0.59
Including 77.0 77.6 0.6 0.35 0.63 0.72 1.23
Including 90.0 142.3 52.3 0.18 0.22 0.31 0.53
115.0 116.0 1.0 0.61 0.67 1.00 1.72
137.4 142.3 4.9 0.82 1.00 1.40 2.41

Gold Equivalent ("AuEq.") is calculated using the formula AuEq =
(g/t/Au)+[(%Cu) x (22.0462) x ($/lbCu)] / [(1/31.1035) x ($/ozAu)].
Copper equivalent (CuEq%) is calculated using the formula CuEq =
(%Cu) + [(g/t/AuEq) x (1/31.1035) x ($/ozAu)] / [(22.0462) x
($/lbCu)]. Metal prices used are: gold price of US$1200/oz, copper
price of US$3/lb.All thicknesses from intersections from drill holes
are down-hole drilled thicknesses or outcrop sample length thickness.

At the West Zone, Mundoro's geological team believes the
mineralized porphyry dykes and chalcopyrite bearing veins are surface
expressions of a mineralization source which remains to be defined in
future drilling programs. The West Zone target mineralization is
related to diorite porphyry dikes intruded into the basement gneiss
unit. Quartz-diorite porphyry was intersected in drillhole ZELDD01
from 30.6m to 35.5m striking north-northeast (see Individual Drill
Hole Sections for ZELDD01, ZELDD02, ZELDD03 [http://mundoro.com/site
s/default/files/Zeleznik%20West%20Zone%20Drill%20Sections%20Jan%20201
5.pdf ] ). Mineralization related to it consists of A-type and B-type
quartz-chalcopyrite-pyrite veins hosted in the porphyry and in the
surrounding wall rock. It is associated with k-feldspar veins and has
well defined copper-gold-moly geochemical signatures. The intersected
quartz-diorite porphyry outcrops at surface and was sampled in trench
ZELCH001. The outcropping porphyry is a small portion of the overall
copper-moly-gold in-soil and rock anomaly which remains open in all
directions and is a target for further drill testing.

At the East Zone (see Cross Section of ZELDD04, ZELDD05 and
ZELDD06
[http://mundoro.com/sites/default/files/ZELDD04-06_PR_Draft5.jpg ]),
regional stratigraphy, preserved limestone capping and epithermal
geochemical signature suggest little erosion and a potentially
preserved copper-gold mineralised system which needs further
exploration/drilling along strike and at depth. The East Zone target
mineralization is related to andesite-diorite porphyry intruded into
a basement gneiss and limestone cap on top. A sub-vertical to east
dipping north-northeast striking fault is a major controlling
structure. The East Zone target is characterized with skarn
mineralization at the limestone-andesite contacts and massive
sulphide veins of high-sulphidation affinity which our geological
team believes is probably overprinted on, or related to, the
porphyry. The skarn and massive sulphides are bearing high grade
copper-gold mineralization up to 2.65% Cu and 7.57 g/t Au.

At the East Zone target, drillhole ZELDD05 intersected2.8m @ 2.11%
Cu; 1.50 g/t Au which we believe is related to magnetite skarn
mineralisation from 26.6m to 29.4m while drillhole ZELDD06 ended in
mineralization of 4.9m @ 0.8% Cu; 1.00 g/t Au at a depth of 142.3 m.
Locally intersected high grade zinc values and
carbonate-pyrite-chalcopyrite stockwork veining suggest proximal
location to a mineralised porphyry center with related skarn and
massive sulphide high sulphidation mineralization. This is similar to
the Majdanpek orebody which is currently being mined approximately
2000m to the south of this hole. The Majdanpek operation is reported
to be mining ore grading 0.30% Cu and 0.26 g/t Au.

Drill Hole Description Highlights

West Zone

ZELDD 01 (AZ 266degree(s); -60) starts in propylitic altered
gneiss with quartz-iron oxide-magnetite veinlets and disseminated
copper oxides (copper wad) up to 26.7m. From 26.7m to 29.2m the hole
is cutting diorite dike with quartz-chalcopyrite veinlets (B-type)
and disseminated chalcopyrite. After 1.4m of brecciated gneiss,
quartz-chalcopyrite veins and massive chalcopyrite the drillhole cuts
potassic altered quartz-diorite porphyry dike from 30.6m to 35.5m
containing quartz-chalcopyrite B-veins and stockwork veining. Up to
55 m the chalcopyrite veining is relatively intensive with an average
sulphide content of 5-10%. By the end of the drillhole (230.3m)
several quartz diorite and diorite porphyry dikes are intersected.
B-type quartz-chalcopyrite-pyrite veining continues to the end of the
drillhole (230.3m) with appearance of A-type quartz veining from
187.1m and a decrease of sulphide content to 3-5%. The length of the
drillhole is anomalous in copper, gold and molybdenum with the best
intersection reporting 25.8m @ 0.43% CuEq or 0.74 g/t AuEq related to
quartz-diorite porphyry.

ZELDD 02 (AZ 266degree(s); -60) was drilled 100m north of ZELDD01.
The main objective was to test the continuity of Cu mineralisation
encountered in ZELTR1 and ZELTR14 (Figure 2). The drillhole
intersected propylitic altered gneiss from top to bottom (164.7m) cut
by two thin diorite dikes at 55.35m and 131.8m. Week potassic
alteration started from 131.8m to the end of the hole.
Quartz-pyrite-chalcopyrite vein and disseminated mineralization and
magnetite veining was encountered throughout the whole drillhole.
Average sulphide content varied from 1% to 3%.

ZELDD 03 (AZ 86degree(s); -60) was drilled 140m south of ZELDD01
and inclined to the east in order to test the continuity of Cu
mineralisation encountered in ZELCH004. The drillhole intersected
diorite dikes from 45.8m to 47.7m and from 82.6m to 90.5m in overall
propylitic altered gneiss lithology. Although vein and disseminated
chalcopyrite is present from the top to the bottom of the drillhole,
structural analysis showed that the surface mineralisation changes
dip direction at depth and the drillhole cut under it.

East Zone

ZELDD 04 (AZ 112degree(s); -60) intersected brecciated and faulted
diorite stock intruded into limestone. The diorite is propylitic
altered and contains quartz-carbonate-pyrite-chalcopyrite veinlets
throughout as well as pyrite-chalcopyrite veins. The higher
copper-gold grades are related to massive pyrite-chalcopyrite veins
with anomalous arsenic and zinc controlled by faults. The drillhole
is characterized by higher average gold content as reported in Table
1.

ZELDD 05 (AZ 115degree(s); -60) cut through propylitic altered
diorite from top to bottom (0-131.7m). The diorite contains
quartz-carbonate-pyrite-chalcopyrite veinlets throughout as well as
pyrite-chalcopyrite veins. The higher copper-gold grades are related
to magnetite-chalcopyrite-pyrite endo-skarn mineralisation and
massive sulphides with high arsenic and elevated zinc contents.

ZELDD 06 (AZ 297degree(s); -60) is the last drillhole of this
first pass exploration drilling program in the East Zone. It tests
for the continuation of the encouraging copper-gold results at depth
and seeks to confirm the strike and dip of the mineralised possible
feeder structure controlling it. The drillhole intersected brecciated
and faulted diorite, propylitic altered, and containing
quartz-carbonate-pyrite-chalcopyrite veinlets at upper levels with an
increase of massive sulphides and copper-gold grades at depth as
reported in Table 1. The drillhole ended in brecciated fault zone
bearing massive and disseminated pyrite-chalcopyrite mineralization
of 4.9m @ 0.8% Cu; 1.00 g/t Au.

Sampling, Analysis and Qualified Person

Drillhole orientations were surveyed at approximately 50 meters
intervals. Drill core was collected from drill sites by the Company's
geologists and processed and sampled at the Company's core shed
according to industry best practice standard procedures. Samples were
collected as half PQ or HQ core at two meters length intervals. Where
necessary the sampling lengths were adjusted to reflect the
geological boundaries.

All samples are assayed using 50 gram fire assay with atomic
absorption finish and ME-ICP61 by ALS Romania. The entire sample was
crushed to 2mm, then split off a 1 kg sample and pulverized the split
to better than 85% passing 75 microns. Quality Assurance and Quality
Control procedures include the systematic insertion of standards and
duplicates into the sample streams. Duplicate core samples are taken
every 25 samples and standards and blanks are inserted after every
20th sample. All data collected from detailed logging and assay
results from the laboratories are routinely verified and entered in
an Access data base.

Technical information contained in this Press Release has been
reviewed and approved by Mr. G. Magaranov, P. Geo., 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 Canadian based company with the mandate to generate
value for its shareholders through the acquisition, exploration,
development and investment of mineral projects. Mundoro has
methodically acquired and is now exploring a district-scale land
position on the prolific Tethyan mineral belt which hosts significant
Gold-Copper deposits. Our strong project pipeline in Serbia and
Bulgaria, as well as our mineral interest in the Maoling Gold Project
in China, is positioned to drive long-term growth to attain
production related 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.

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

ots Originaltext: Mundoro Capital Inc.
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