Mundoro Provides Update on Bulgarian Mineral Properties

Vancouver, British Columbia (ots/PRNewswire) -

Mundoro Capital Inc. ("Mundoro" or the "Company") is pleased to
provide an update on its exploration activities at its 100% owned
properties located in the Rhodopean region in the Republic of
Bulgaria ("Bulgaria). The Company's two mineral exploration licenses
Zvezda and Byalo, are located in a well-known mineral district that
is underexplored for epithermal low sulphidation gold-silver veins,
as well as disseminated, sediment hosted gold and porphyry
copper-gold deposits. Exploration at Zvezda and Byalo, focused on
compilation of historical data and analysis of geochemical results
from soil and rock sampling programs undertaken by the Company in
H2-2013.

Zvezda

The Zvezda license covers an area of 161 sq. km, and is designated
as brownfields exploration due to its proximity to an adjacent gold
mine. Historical mining and previous exploration in the area was
searching for lead, zinc, and silver mineralization.

During the 2013 exploration program, the company completed stream
sediment screening of the area, initial rock and soil sampling
surveys, and mapping and prospecting of known mineral occurrences.
The 2014 exploration program will continue to compile historical data
and analyze initial field work results in order to facilitate target
prioritization.

The project area boasts historical data from a total of 562 drill
holes, which have been digitized and compiled. The company is in the
process of integrating the data with Mundoro's earlier exploration
results so that a comprehensive database may be created for target
generation.

Significant results from recent field programs includes numerous
multi-element anomalies (Au-Ag-Cu-Mo-Pb-Zn-Sb-As) which were partly
followed-up this season. The anomalies successfully confirmed known
mineral occurrences and highlighted new areas of interest. To date
nine streams have returned very high Au anomalism in ranges from 0.2
to 1.04 ppm Au.

Reconnaissance soil sampling surveys were completed over the
central and northern parts of Zvezda and the southern part of the
Byalo licenses in order to follow-up on known mineral occurrences and
selected stream sediment anomalies. A total of 917 samples were
collected and results delineated several anomalous areas which
require in-fill sampling and follow-up exploration. The most
significant results from this work include a 3.5 km by 1 km Au and Ag
anomaly which starts south of the Chala Au mine and passes through
the Eplika Au vein prospect continuing to the south-east and the
Intrusion area which is highlighted by a 1000 m by 800 m Cu-Mo-Agplus
or minusAu in soil anomaly. Copper anomalism ranges from 150 ppm to
489ppm, moly up to 202 ppm, silver up to 1.23ppm and elevated gold up
to 0.010 ppm. The central Cu-Mo anomaly is rimmed by Pb-Zn and grades
outwards to As-Sb, demonstrating zoning indicative of a porphyry
target.

Byalo

The Byalo license covers a 161 sq.km area and is directly adjacent
to the northern area of the Zvezda license. Since acquiring the Byalo
license in October 2013, the Company has compiled available
historical data including a total of 97 drill holes. As with the
Zvezda license, this data will be integrated with Mundoro's
exploration results for target generation. The Company plans to
follow-up on the existing geochemical anomalies, as well as the
historical drill results on the property, starting in Q2-2014.

Chuprene

Mundoro has entered an agreement (the "Agreement") to purchase the
Chuprene Exploration Permit (the "Chuprene") located in north-western
Bulgaria close to the border with Serbia, from the current permit
holder who is an arm's length private third party (the "Holder"). The
Permit comprises 19,920 hectares in an area with known copper and
copper-gold occurrences.

In consideration of the transfer of the Permit, the Company will
make an upfront payment to the Holder of 350,000 common shares of
Mundoro at a deemed price of C$0.30 per share upon closing of the
transaction. In the event that the Company files a NI 43-101
compliant resource with respect to Chuprene, identifying at least
1,000,000 ounces gold-equivalent in the Measured and Indicated
resource categories, the Company will have the option to either (i)
issue an additional 3,500,000 common shares of Mundoro or (ii) pay
one million in cash to the Holder. The Holder will retain a 10% Net
Profit Interest royalty in Chuprene which can be repurchased by the
Company for C$1,000,000 at any time. The transaction is subject to
regulatory and TSX Venture Exchange approvals as well as customary
closing conditions. The transaction is expected to close in mid-2014.

Chuprene is located in the Late Palaeozoic Belt of north-west
Bulgaria which is host of numerous copper-gold, lead-zinc-silver and
poly-metallic gold-silver deposits mined underground in the early
twentieth century. The exploration area contains several Cu-Au
occurrences which have been exploited since ancient times.

Most significant is the Chuprene Cu-Au occurrence which was
explored in late 1940's and which had historical production of 30,000
t of ore at grades of 6-8% Cu.

The geology of Chuprene is made up of green schist metamorphic
rocks and meta-volcanics cut by granitoids. Structural network is
complex with numerous faults - normal, thrust and reverse. Recent
exploration work undertaken is stream sediment sampling followed by
prospecting and rock sampling. Rock grab sampling have returned
encouraging high grade gold results such as 2.64 g/t Au, 2.91 g/t Au
and up to 16.7 g/t Au. Quartz vein sample returned 3 m @ 2.41 g/t Au,
110 g/t Ag and 0.56% Cu.

Chuprene is underexplored by modern methods with potential for
discovery of high sulphidation copper-gold, sediment hosted gold and
intrusion related gold-silver deposits.

Sampling and Analysis in Zvezda and Byalo

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.

For further information:

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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