Mundoro Identifies New Porphyry and Epithermal Targets at Bulgaria Projects

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
Bulgarian properties - Zvezda, Byalo and Chuprene. Recent exploration
results have delineated a new porphyry copper-gold target at the
Ramadanska Chuka ("RC") project area within the southwest corner of
the Byalo exploration license, a new epithermal gold target at the
Angel Voyvoda ("AV") project area within the Zvezda exploration
license and confirmed anomalous copper-gold grades in quartz veins at
the Chuprene exploration license.

Teo Dechev, CEO and President of Mundoro commented, "The
exploration work completed to date by our exploration team to
identify these new targets on our three licenses underscores the
effectiveness of our exploration programs and ability to generate new
discovery opportunities to our shareholders. At RC, the delineation
of a new porphyry copper-gold-molybdenum system is being followed up
by an Induced Polarization/Resistivity survey in September to refine
the drill targets. At AV, rock sampling of the breccia returned
grades from 1.1 g/t gold to 3.33 g/t gold. A ground magnetic survey
is currently underway to delineate the structures."

Byalo

The Company started a systematic exploration program comprising
stream sediment sampling, rock grab sampling, mapping, soil
geochemistry and ground geophysics. The infill soil sampling program
at the RC project area has delineated a new porphyry
copper-gold-molybdenum system approximately 650m x 600m in size which
is related to a larger advanced argillic alteration lithocap.

Rock sampling results returned anomalous copper-gold-molybdenum up
to 0.39% copper, 0.55 g/t gold and 587 ppm molybdenum related to
quartz stockwork veining and hydrothermal breccia. Soil geochemical
sampling results identified a well-defined molybdenum anomaly that
haloes a copper-gold central core anomaly and is rimmed by Bi, Te, Pb
and Zn. The Company carried out the ground magnetic survey in Q2 2014
over the RC hydrothermal system approximately 5kmsquared in size (2.3
x2.2 km). The survey identified several anomalies including a
well-defined magnetic bull's-eye anomaly that overlaps with the
porphyry related copper-gold-molybdenum soil and rock anomalies (see
Figure 1 [http://mundoro.com/sites/default/files/1%20-%20RC%20RTP%20
Press%20map%20v1.1.pdf ]).

The Company has mobilised a geophysics team to carry out an
Induced Polarization/Resistivity survey over the RC porphyry target.
The survey includes four lines totalling 10 line km designed to
penetrate to 500m in depth. Current exploration at the Byalo license
also includes regional soil sampling over an area 8km x 8km
(64kmsquared) north and east of RC project area and which was
highlighted as anomalous and prospective by the Company's stream
sediment screening program.

The RC project area is located 3km west of Chala, a producing
epithermal quartz vein gold mine which is hosted in the andesite
volcanic rocks part of the Tertiary Volcanic Belt extending from West
Turkey through to Northern Greece, Macedonia and western Serbia. The
Tertiary Belt is host to numerous producing and developing gold and
copper-gold mines and projects.

Zvezda

The systematic exploration program carried out by the Company
covering stream sediment screening, mapping, soil and rock sampling
at the Zvezda license resulted in identifying the new Angel Voyvoda
("AV") project area as prospective for sediment hosted epithermal
gold mineralisation. Exploration at the AV project area initially
focused on following up anomalous rock-chip samples (up to 2.6 g/t
Au) that were reported by prior explorer, Newmont. Follow up
reconnaissance mapping established the presence of mineralised quartz
fault breccia which was followed discontinuously for 1.3 km in
tertiary marine sediments. Rock sampling of the breccia along three
parallel structures returned grades from 1.1 g/t gold to 3.33 g/t
gold.

Recently completed soil sampling along a focused grid has
established continuity along strike of the fault breccias, which
identified several WNW-ESE trending zones coincident with mapped
orientations of the sampled quartz breccia structures (see Figure 2 [
http://mundoro.com/sites/default/files/2%20-%20AV%20Press%20Low%20gra
de%20clip%20%281%29.pdf ] ). The Company will conduct trenching which
will target areas with anomalous gold values in soils that coincide
with anomalous gold values reported from mapped quartz breccias as
well as targeting linear soil anomalies that are interpreted to be
breccia structures which are not exposed at surface. This
gold-in-soil anomaly is 2.6km x 2km and is open to the west and
southwest. A ground magnetic survey is taking place at the AV project
area in September to identify fault structures that are interpreted
to be conduits for gold mineralisation in quartz breccias.

Another target area in the Zvezda license is the Eplika project
area where soil sampling identified a north-west trending
gold-in-soil anomaly 3.5km long with reported grades up to 1.55 g/t
gold. Reconnaissance mapping identified quartz veins related to the
soil anomaly which are immediately south of the Chala gold mine (see
Figure 3 [http://mundoro.com/sites/default/files/3%20-%20Eplika%20Map
ped%20Geology%2050ppb%20contour.pdf ] ). Mapping and rock samples
returned gold values up to 13.6 g/t gold along a quartz vein zone
discontinuously followed for 750 meters. Further mapping has
established that faulting across these vein systems may have offset
these structures. Prior explorers had reported values up to 8 g/t
gold. The Company will sample historical trenches in the vicinity of
the reported high grade gold samples in order to establish the
continuity and correct dip of the vein system in order to better
define drill targets.

Chuprene

Mundoro acquired the Chuprene exploration license in July 2014.
The Chuprene license is located approximately 175km NW of Sofia and
includes numerous copper-gold and gold occurrences and mines hosted
in the Palaeozoic Mineral Belt of Bulgaria. The Company has started
reconnaissance field work and assessment of the available historical
data.

Initial work includes surveying, mapping and channel sampling of
the known Chuprene copper-gold occurrence which has been exploited
since ancient times. Several mineralised quartz vein zones occupying
an area 4,000m x 700m have been followed up by initial prospecting in
the field. The vein zones are hosted by an NW-SE trending regional
thrust fault system mapped in the northern part of the license for
25km. Initial rock channel sampling included 42 samples collected
across the central zone starting from the main adit. Results returned
encouraging copper-gold values up to 2.54% Cu and 2.9 g/t Au.
Distribution of copper and gold values suggests at least two
mineralised pulses: one bearing copper and a second bearing gold
following the same fault-vein structures. Work continues with mapping
and sampling parallel and sub-parallel vein zones along the fault
system hosting the Chuprene occurrence as well as other project areas
within the Chuprene license.

Sampling and Analysis Procedure

All channel and rock intercepts were obtained from continuous
channel sampling intervals. All samples are assayed using 50 gram
fire assay with 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 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 minerals 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.

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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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