Mundoro Provides Update on Serbia Drilling and Announces Closing of Acquisition of New Copper Gold License

Vancouver (ots/PRNewswire) -

Mundoro Capital Inc. ("Mundoro" or the "Company") is pleased to
announce an update on the Tiva Rosh drilling program in Serbia as
well as the closing of the acquisition of the Chuprene Exploration
Permit ("Chuprene"), located in northwestern Bulgaria approximately
65km southeast of Bor in the Timok Complex.

Serbia Drilling Program Update

Mundoro recently began drilling on its Tilva Rosh prospect in
Serbia on June 28, 2014. The Tilva Rosh prospect was outlined by a
gold-in-soil anomaly of 600m by 150m which was confirmed with follow
up trenching in Q4-2013 and Q2-2014.

The Company is drill testing depth extension of the outcropping
epithermal gold mineralization with six diamond drill holes each with
a depth of approximately 150m (see Figure 1 - Tilva Rosh Drill Plan
and Progress [http://mundoro.com/sites/default/files/Drilling%20prog
ram%20on%20Soil%20anomally%20v5%20-%20july%2014%202014.jpg ] ). The
Company has completed the first three holes concentrating on the
area of the previously reported trenching results, which returned 12m
of 30.39 g/tonne gold and 171.27 g/tonne silver (see press release
dated October 21, 2013).

The drill core has intersected the hydrothermal breccia hosting
the mineralization which was trenched on surface as well as a
feldspar porphyry which is argillic altered. The drill core has also
intersected sections of (i) quartz-pyrite-chalcopyrite
mineralization; (ii) pyrite-galena-sphalerite mineralization and
(iii) semi-massive pyrite chalcocite-covellite-bornite
mineralization.

Assay results are scheduled to be published in Q3-2014 along with
further description of the drill core from the holes.

Chuprene License Acquisition

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

In consideration for the transfer of Chuprene, the Company has
made an upfront payment to the seller of 350,000 common shares of
Mundoro at a deemed price of C$0.30 per share. The shares will be
subject to a four month hold period expiring November 15, 2014. In
the future, in the event that the Company files a NI 43-101 compliant
resource with respect to Chuprene, identifying at least 1,000,000
ounces of 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 C$1 million
to the seller. The seller also retains a 10% Net Profit Interest
royalty in Chuprene which can be purchased by the Company for C$1
million at any time.

"Chuprene is located in an underexplored portion of the prolific
Tethyan Gold Belt which the Company believes has potential to host
further new discoveries. Mundoro will be initiating an exploration
program in Q3-2014 to build upon the prior stream sediment and rock
sampling program conducted by the prior operator, to cover
geochemical sampling, prospecting, mapping and ground geophysics to
delineate drill targets" stated Teo Dechev, President and CEO of
Mundoro.

Chuprene is located in the Late Palaeozoic Belt of north-west
Bulgaria which is host to 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
mineral occurrences which have been exploited since ancient times.

Most significant of the historical mineral occurrences in the
Chuprene license is the Chuprene Cu-Au occurrence which was explored
in the late 1940's and which had historical production of 30,000
tonnes 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 by the prior operator is:

- Data compilation, general prospecting and rock grab sampling of known
mineral occurrences.
- Stream sediment sampling over an area of 87kmsquared within the central part
of the license consisted of two parts: regional and detailed. The regional sampling
was done at 1kmsquared grid with 1km between two neighboring samples along the same
stream. The detailed sampling covered 12kmsquared at a grid 0.17kmsquared and distance
between two neighboring samples less than 300m.
- Limited follow up of anomalous stream sediment catchments.

Prospecting work has covered the known mineral occurrences and
partly the anomalous stream sediment catchments. A total of 279 rock
samples were collected from hydrothermally altered and mineralized
rocks over five areas totaling 18.7kmsquared deemed to be prospective
for discovery of Au and Cu-Au mineralization. Rock grab sampling has
returned encouraging high grade gold results such as: 2.64 g/tonne
Au, 2.91 g/tonne Au and up to 16.7 g/tonne Au. Quartz vein sample
returned 3m @ 2.41 g/tonne Au, 110 g/tonne Ag and 0.56% Cu.

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 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.

Sampling, Analysis and Quality Assurance and Control (QAQC)

The Company uses the ALS Romania and Bor Serbia managed
laboratories to assay all samples from Serbian and Bulgarian
properties. Soil and stream sediment samples are assayed in ALS
Romania using ultra-trace level methods combination of ICP-AES and
ICP-MS acid digest, 51 elements; whereas gold is assayed by low level
detection fire assay method 50g, AAS finish. Preparation of samples
includes drying, screening to -80#, fine crushing, split and
pulverizing to 75 microm. Rock samples are assayed in ALS Romania
using ME-ICP61M four acid digest 35 elements; gold fire assay 50 g,
AAS finish.

Stream sediment samples were collected from optimum trap sites for
heavy minerals, wet or dry sieved approximately 2kg -1mm silt in the
field. Samples were taken at regular intervals of approximately 1.5km
along stream, designed to represent catchment areas of approximately
3-4kmsquared. Soil sampling was carried out along grid profiles
oriented perpendicular to controlling structures of the
mineralisation. Samples were collected at regular 50m intervals. Rock
sampling was carried out as chip-channels in outcrops on 1 to 3m
intervals collecting minimum 1kg material per meter.

In addition to laboratory's internal quality assurance quality
control (QAQC) procedures the Company implements its own QAQC with
systematic insertion into sample streams of certified reference
materials, field duplicates and blanks. Field duplicate samples are
taken every 25 samples and known standards and blanks are inserted
after every 20th sample. All data collected in the field and assay
results from the laboratories are routinely entered into a data base.

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 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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