Mundoro Corporate Update

Geschrieben am 01-12-2014

Vancouver, British Columbia (ots/PRNewswire) -

Mundoro Capital Inc. ("Mundoro or the "Company") is pleased to
announce the Company has filed financial results for the third
quarter ended September 30, 2014.

Teo Dechev, CEO & President commented, "Mundoro has been extremely
prudent in allocating our cash as we advance our exploration targets.
We currently have sufficient cash on hand to see us through two years
of exploration programs in southeastern Europe. The Company continues
to evaluate strategic opportunities such as joint ventures with
producers for the Company's projects in Bulgaria and Serbia as we
work to enhance shareholder value."

Mundoro ended the third quarter and nine months with cash, cash
equivalents and short term investments totaling $8,357,951 and no
debt which represents approximately $0.19 per share. For the three
months ended September 30, 2014 the Company recorded a net loss of
$1,189,581 ($0.03 per share) compared to a net loss of $1,429,071
($0.03 per share) for the comparable period in 2013. During the
quarter the Company advanced its properties on the Tethyan
Metallogenic Belt in Serbia and Bulgaria. A summary of activity can
be found in the MD&A. The highlights provided in this press release
should be read in conjunction with the Company's unaudited Financial
Statements and Management Discussion and Analysis, which are
available on SEDAR at http://www.sedar.com. All dollar amounts are in
Canadian Dollars unless otherwise specified.

The Company also announces that Ernst & Young LLP (the "Former
Auditors") have, at the Company's request, resigned. They have been
replaced, effective November 28, 2014, by PricewaterhouseCoopers LP
("PwC"), to hold office until the close of the next annual general

Teo Dechev, CEO & President commented, "On behalf of the Company,
we would like to thank Ernst & Young for their past services and look
forward to working with PwC."

There were no disagreements or unresolved issues with the Former
Auditors on any matter of audit scope or procedure, accounting
principles or policies or financial statement disclosure. It is the
Company's opinion that there have been no reportable events (as
defined in NI 51-102 (Part 4.11)) between the Company and the Former
Auditors. The Former Auditors did not have any reservation in the
auditors' report for the financial statements for the Company's last
two fiscal years or for any period subsequent to the date the most
recent audit report was issued and preceding the date hereof.

The Company has sent a Notice of Change of Auditor ("Notice") to
the Former Auditors and to PwC and has received a letter from each,
addressed to the securities commissions in each of Ontario, British
Columbia and Alberta stating that they agree with the information
contained in the Notice. The Notice, together with the letters from
the Former Auditor and from PwC have been reviewed by the Company's
Board of Directors and are available on http://www.sedar.com

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,
including the amount of time that existing cash resources will be
sufficient for exploration and potential strategic joint venture
partnerships. 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: 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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