GBM

Mundoro Capital Inc. ("Mundoro" or the "Company" or "MCI") (TSX:MUN) announces
an update on its project in China and properties in Mexico and the resulting
decision by the Company to voluntarily delist from the Toronto Stock Exchange
("TSX") and seek listing on the TSX Venture Exchange ("TSX Venture"). The
Company is pleased to announce the appointment of Richard Moores to the
Company's board of directors ("Board") effective July 14, 2011.


Maoling Gold Project, Liaoning, China 

The Company continues negotiations with Chinese companies to structure a
transaction such that a Chinese company would acquire substantially all of the
Company's interest in the Maoling Gold Project with the Company retaining a form
of minority interest ("Strategic Transaction"). Discussions for the Strategic
Transaction have advanced to the documentation stage; however there is no
assurance a transaction can be consummated. There are no assurances these
negotiations or the due diligence will be successful. If the Company sells
substantially all of its interest in the Maoling Gold Project it will not meet
TSX original listing requirements. 


Voluntary TSX Delisting and Application for Listing on TSX Venture 

TSX has advised the Company that it believes a change in business has occurred
as a result of Mundoro's level of current business operations. Due to this
determination the Company will be required to meet TSX's original listing
requirements. In light of the discussions with the TSX, and the Company's
negotiations to sell its interest in the Maoling Gold Project, the Company has
elected to voluntarily delist from the TSX and seek a listing on the TSX
Venture. The common shares of Mundoro will continue to trade on the TSX under
the symbol MUN up to and including September 30, 2011. The Company intends to
apply for listing of its common shares on the main board of the TSX Venture and,
as an alternative, NEX, a separate TSX Venture board, to ensure, to the extent
possible, continued and seamless trading liquidity for shareholders. The Company
notes that a transfer in its stock exchange listing to the TSX Venture would
provide greater operational efficiency and lower costs for the Company, while
allowing shareholders continued liquidity on a recognized exchange. The TSX and
TSX Venture, including NEX, are each owned and operated by TMX Group Inc. The
Company's common shares continue to trade on the Frankfurt Exchange under the
symbol "NGU" and the over the counter market in the United States under "MUNMF"
and should remain uninterrupted on these two markets.


Appointment of New Independent Director to Mundoro Capital Board

The Company is pleased to announce the appointment of Richard C. Moores to the
Board effective July 14, 2011. Mr. Moores brings over 40 years of experience
with geology, mine development and public junior resource companies. He is
currently President, CEO and Director of Core Values, a private exploration
company active in Colombia. Between May 1996 to February 2008, Mr. Moores was
the CEO, President and Director of Anatolia Minerals Development Limited, a
publicly listed mineral resources company focused on exploration and development
in Turkey which discovered several large copper and gold deposits of which the
Copler Gold Mine was put into production in 2011. Mr. Moores began his career
with the metals/minerals departments of Conoco and Mobil, where he helped
discover and/or develop copper, uranium, gold and synfuels projects.
Specializing in porphyry-style deposits, he has worked with or created a number
of resources companies, both private and public directing exploration and
development programs in a wide range of countries including the USA (Florence
Cu, Sanchez Cu SXEW, et al), Kazakhstan (Balkhash Cu), Mongolia (Erdenet Cu
SXEW), Turkey (Copler Au, et al), Colombia (Toldafria Gold, et al), among
others. Mr. Moores holds a Bachelors Degree in Geology from Cornell University,
a Masters Degrees in Geology from University of Arizona and a Masters of
Business Administration from University of Arizona. Mr. Moores has been granted
200,000 stock options of the Company, subject to certain vesting provisions,
exercisable for a period of five years.


Cuencame Property, Durango, Mexico 

The Company has received from the Mexican General Bureau of Mines ("GBM") the
granting of three mineral concessions, comprising the Cuencame Property. The
mineral property is located in the Southeast corner of Durango State, bordering
the states of Coahuila and Zacatecas, within the highly prospective Altiplano
Gold-Silver belt of north-central Mexico. The Cuencame Property covers
approximately 43,000 hectares in three 100% owned mineral concessions through
Mundoro's wholly owned Mexican subsidiary, Mundoro de Mexico, S.A. de C.V.


This region of Mexico is referred to as the Mesa Central Block and is a well
known mining district, historically exploited for Ag-Pb-Zn deposits associated
with Tertiary Volcanism and Epithermal veins or replacement deposits along
porous horizons. The discovery of Penasquito, approximately 120 km to the east
of the Cuencame Property, along with other recent discoveries on this belt, has
shown the potential for bulk tonnage deposits that can host significant gold
mineralization. Approximately 25 km west of the Cuencame Property, is the
Velardena Properties (ECU Silver Mining Inc.) which have disclosed over 30
million tonnes of silver, gold, lead and zinc mineralization. The Cuencame
Property mineral concessions are spatially associated with the Velardena mining
camp which is skarn and epithermal vein deposits associated with magnetic highs.
Approximately 55 km to the west of the Cuencame Property, is the San Juan
Property (Fresnillo Plc), where the main exploration target has been the Lorena
vein which is part of an 18 km structure. 


The Company has approved a $500,000 exploration budget for an exploration
program to be completed over the next twelve months involving geological
mapping, geophysical surveys (Magnetics, IP, EM) and drilling. 


The Company has submitted applications for five (5) additional mineral
concessions in Durango State, which applications are awaiting title grant from
the GBM. 


On behalf of the board of directors,

Teo Dechev, Chief Executive Officer and President

About Mundoro Capital Inc.

Mundoro Capital Inc. is a Canadian based company which operates as a mineral
exploration, development and investment company. The Company has an interest in
the Maoling Gold Project through its wholly owned subsidiary Mundoro Mining.
Mundoro has an active project generation program in Mexico where it has been
granted title for the Cuencame Property (approximately 43,000 hectares) and has
made application for five additional mineral concessions in Durango State.
Mundoro is well funded to advance its projects with approximately $9 million in
cash and cash equivalents. Mundoro has 38.4 million shares issued and
outstanding and 40.6 million shares on a fully diluted basis.


About Mundoro Mining Inc.

Mundoro Mining has a 79% interest in Maoling through a Sino-Foreign co-operative
joint venture with the corporate arm of the Liaoning provincial government which
owns 21%. Maoling is a pre-feasibility stage gold deposit located in Liaoning
Province, China and is a significant gold resource deposit in China with 4.8
million contained gold ounces (161 million tonnes at 0.92 g/t gold) in the
Measured and Indicated category and an additional 4.4 million contained gold
ounces (158 million tonnes at 0.9 g/t gold) in the Inferred category. In 2005 a
Reserve of 2.8 million ounces (88 million tonnes at 1 g/t gold) in the Probable
category was the basis for the Pre-Feasibility Study. Two deposits that outcrop
at surface have been outlined at Maoling in which disseminated, free-milling
gold mineralization occurs within a sequence of metasedimentary rocks. Since
2005, the renewal of the exploration license for Maoling has been deferred
pending the renewal of a business license for Mundoro Mining's joint venture
company, Liaoning Tianli Mining Company Ltd. Despite the Company's best efforts,
Tianli's business license and exploration license were not renewed and the
Maoling Gold Project remains stalled.


Investors are encouraged to review 'Risk Factors' associated with the Maoling
project as outlined in the Company's prospectus documents and other regulatory
filings, available on the SEDAR website at www.sedar.com.


The pre-feasibility described herein was prepared to broadly quantify the
Maoling Zone 1 deposit's capital and operating cost parameters, and to further
the development of the project. It was not prepared for use as a valuation of
the deposits, nor should it be considered to be a final feasibility study. The
information contained in the Study reflects various technical and economic
conditions at the time of writing that can change significantly over relatively
short periods of time. There can be no assurance that the potential results
contained in the Study will be realized. The study was prepared by AMEC Americas
Ltd. under the direction and oversight of Mr. Mark Pearson P.Eng. of Vancouver,
BC, an 'Independent Qualified Person' as defined by National Instrument 43-101.
Resource estimation for the Zone 1 area in 2006 was carried out in the Brisbane,
Australia office of Golder Associates Pty Limited, an international earth
sciences consulting group under the direction and oversight of Dr. Andrew
Richmond, MAusIMM, an 'Independent Qualified Person' as defined by NI43-101.
NI43-101 compliant technical reports for the pre-feasibility study and all
reserve and resource estimates have been filed on the SEDAR website at
www.sedar.com.


The statements herein that are not historical facts are forward-looking
statements. These statements address future events and conditions and so involve
inherent risks and uncertainties, as disclosed under the heading "Risk Factors"
in the company's periodic filings with Canadian securities regulators. Actual
results could differ from those currently projected. The Company does not assume
the obligation to update any forward-looking statement except as required by
law.

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