SPR Supreme Resources Ltd.

Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") announces
the filing of the Company's financial results for the quarter ended March 31,
2012. The highlights provided in this release should be read in conjunction with
the Company's quarterly financial statements and Management Discussion and
Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are
in U.S. dollars unless otherwise stated.


The Company's loss for the first quarter of 2012 was $969,778 ($0.03 per share)
compared to a loss of $694,852 ($0.02 per share) for the first quarter of 2011
which included loss from discontinued operations of $112,220. The 2012 loss was
principally attributable to the following: expenditures on project exploration
and evaluation of $567,883 in 2012 compared to $149,823 in 2011; and,
expenditures for corporate expenses of $381,467 compared to $174,736 in 2011.
The non-cash items were: foreign exchange loss of $49,599 compared to $256,485
in 2011; share-based payment expense of $21,354 compared to $18,926 in 2011;
and, depreciation $3,366 compared to $Nil in 2011. The Company maintains a low
share count of 37.9 million shares and at March 31, 2012 held $8.8 million in
cash and cash equivalents with a further $10.1 million in short-term
investments.


Serbia Update - Approval of Two Additional Exploration Licenses 

Mundoro is pleased to announce the Company, through its wholly-owned subsidiary,
Stara Planina Resources EAD ("SPR"), has received approval from the Serbian
government for two additional mineral exploration licenses in the Republic of
Serbia ("Serbia"): (i) Glozana, and (ii) Manastirica. The Company now owns 100%
of five mineral exploration licenses. The two new license areas are:




--  Glozana license area covers 49 sq. km. (4,930 hectares) and is located
    in the Kucevo and Zagubica Municipalities in NE Serbia, 110 km East of
    Belgrade and 40 km NW of Bor's smelter-refinery. 
--  Manastirica license area covers 77 sq. km. (7,690 hectares) and is
    located in the Malo Crnice and Petrovac Municipalities in NE Serbia, 83
    km SE of Belgrade and 73 km NW of Bor's smelter-refinery.



The two mineral exploration licenses are within the well-known Timok Magmatic
Complex ("TMC"), which hosts significant Au-Cu porphyry deposits (Bor,
Madjenpek, etc) and related Cu-Au epithermal deposits. TMC is a segment of the
Tethyan Metallogenic Belt, a host to world class porphyry and epithermal Cu-Au
deposits from Eastern Europe to Southeast Asia, which resulted from the
convergence and collision of the Indian, Arabian and African plates with
Eurasia. Within the Timok province the most economically significant segments
comprise the Upper Cretaceous subduction-related magmatic rocks. The bulk of
Mundoro's project areas contain Jurassic sediments and late Cretaceous
volcanics, sediments and breccias of andesitic composition intruded by dykes,
sills and stocks, of dioritic, quartz-dioritic and granodioritic composition,
similar to areas containing major mines and ore deposits in the area.


On April 5, 2012 Mundoro announced the approval of three mineral exploration
licenses in Serbia: 




--  Osanica-Bukovska license area covers 100 sq. km. (10,000 hectares) and
    is located in the Kucevo and Zagubica Municipalities in NE Serbia, 100km
    East of Belgrade and 45km NW of Bor's smelter-refinery. 
--  Rakova Bara license area covers 100 sq. km. (10,000 hectares) and is
    located in the Kucevo and Zagubica Municipalities in NE Serbia, 140km SE
    of Belgrade and 56 km NW of Bor's smelter-refinery. 
--  Zeleznik license area covers 60 sq. km. (6,000 hectares) and is located
    in the Kucevo and Majdanpek Municipalities in NE Serbia, 160km SE of
    Belgrade, 5 km north of Majdanpek and 45 km NW of Bor smelter-refinery. 



Mundoro has planned a systematic exploration approach which started with careful
data compilation. The assembly of topography, satellite imagery, historic
airborne magnetics, ground geophysics, and geology data is underway. Mundoro
will conduct stream sediment sampling. Anomalous areas will be followed up by
rock chip sampling, mapping and soil sampling. Soil anomalies will be followed
up by trenching, detailed mapping and geophysics (ground magnetics and IP) where
required. Known mineral occurrences within the permit will be mapped,
rock-sampled and assessed using applicable exploration models. Special attention
will be paid to structural controls of the known mineralisation. 


Mundoro has an experienced Balkan-based team in place, and based upon the first
phase exploration results, Mundoro will follow up any generated targets with
exploration drilling.


Mexico Update

During the quarter, Mundoro continued with the reconnaissance exploration
program in Mexico. Mundoro's Durango-based team has begun to prepare compilation
and analysis of the results from each property and will conduct more intensive
studies on the most promising prospects after which the Company will provide the
next phase of exploration program to be conducted. To date, the following
exploration work has been completed for the Rodeo, Mapimi, Jimenez, Camargo,
Cuencame and Hidalgo concessions:




--  The Rodeo concession is located 160 kilometres north of Durango City,
    Mexico and covers 46 sq. km. (4,589 hectares). This property lies within
    the Sierra Madre Occidental physiographic province that is made up of an
    island arc assemblage of early Mesozoic age rocks comprised of
    metamorphosed, deep-water sedimentary and island arc volcanic. Work
    completed on the Rodeo concession includes; 'Aster' alteration imagery
    (property wide), prospecting (property wide), geochemical (rock-10
    samples; stream sediment-163 samples) and geophysical surveys (Induced
    polarization-8.25 line kilometres; Ground magnetic-33.3 line
    kilometres). 
--  The Mapimi concession is located 250 kilometres northeast of Durango,
    Mexico and covers 34 sq. km. (3,360 hectares). This property lies within
    the Sierra Madre Oriental physiographic province. This province is made
    up of Mesozoic marine strata that were deformed during the Laramide
    orogeny. Northeast-southwest oriented compression during the Cretaceous
    to Early Tertiary deformed the Mesozoic sedimentary rock into a series
    of roughly parallel northwest trending folds and faults. Work completed
    on the Mapimi concession includes; 'Aster' alteration imagery (property
    wide), prospecting (property wide); geochemical (rock-20 samples; stream
    sediment-52 samples) and geophysical surveys (Induced polarization-5.4
    line kilometres; Ground magnetic-26.2 line kilometres). 
--  The Jimenez concession is located 300 kilometres north of Durango City,
    Mexico and covers 727 sq. km. (72,748 hectares). This property lies
    within the Sierra and Llanuras del Norte physiographic province. This
    province is made up of Tertiary volcanic, intrusive and Cretaceous,
    Tertiary and Quaternary sedimentary rocks. Work completed to date on the
    Jimenez concession includes; 'Aster' alteration imagery (property wide),
    prospecting (property wide); mapping of continuous chip sampling
    trenches, geochemical (rock-86 samples; stream sediment-121 samples;
    soil-7 samples) and geophysical surveys (Induced polarization-12.0 line
    kilometres; Ground magnetic-41.1 kilometres). 
--  The Camargo concession is located 480 kilometres north of Durango City
    and covers 221 sq. km (22,100 hectares). This property lies within the
    Sierra and Llanuras del Norte physiographic province. This province is
    made up of Tertiary volcanic, intrusive and Cretaceous, Tertiary and
    Quaternary sedimentary rocks. Work completed on the Camargo concession
    includes; 'Aster' alteration imagery (property wide), geochemical (rock-
    6 samples) and geophysical surveys (Induced polarization-21.5 line
    kilometres; Ground magnetic-35.8 line kilometres). 
--  The Cuencame (Cuencame and Cuencame 1, 2, 4) concessions are located 165
    kilometres northeast of Durango City and cover 464 sq. km (46,455
    hectares). These properties lie within the Sierra Madre Oriental
    physiographic province. This province is made up of Mesozoic marine
    strata that were deformed during the Laramide orogeny. Northeast-
    southwest oriented compression during the Cretaceous to Early Tertiary
    deformed the Mesozoic sedimentary rock into a series of roughly parallel
    northwest trending folds and faults. Work completed to date on the
    Cuencame concessions includes 'Aster' alteration imagery (property wide)
    and 32 stream sediment samples (Cuencame 1). 
--  Hidalgo (1, 2, 3, 4 and 5) concessions are located approximately 250
    kilometres north of Durango City and cover 164 sq. km. (16,375
    hectares). These properties lie within the Sierra and Llanuras del Norte
    physiographic province. This province is made up of Tertiary volcanic,
    intrusive and Cretaceous, Tertiary and Quaternary sedimentary rocks.
    Work completed to date on the Hidalgo concessions includes 68 stream
    sediment samples completed on Hidalgo 1, 2 and 5. In addition, 'Aster'
    alteration imagery (property wide) and geophysical surveys (Induced
    polarization-not completed; Ground magnetic-21.5 line kilometres) have
    been done.



Mundoro's CEO & President, Teo Dechev added: "The Company continues to evaluate
advanced and development stage mineral resource properties for acquisition or
joint venture while at the same time advancing the exploration properties in
Mexico and South Eastern Europe. Mundoro expects to continue to maintain a 5%
interest in MMI and thereby an interest in the Maoling Gold Project until
further value can be realized."


On behalf of the Company,

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a Canadian based company which operates as a mineral acquisition,
exploration, development and investment company. The Company's target
exploration areas are the Tethyan belt in South Eastern Europe and the Mesa
Central Belt in Mexico, both of which are mineral belts the Company believes
have strong exploration potential. The Company maintains an interest in the
Maoling Gold Project through its 5% interest in Mundoro Mining Inc. Maoling is a
pre-feasibility stage gold deposit located in Liaoning Province, China and has a
gold resource with 4.8 million gold ounces (161 million tonnes at 0.92 g/t gold)
in the Measured and Indicated category and an additional 4.4 million gold ounces
(158 million tonnes at 0.9 g/t gold) in the Inferred category.


Technical Information

For the Maoling Gold Project, the Pre-Feasibility Study("PFS") 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 PFS reflects
various technical and economic conditions at the time of writing that can change
significantly over relatively short periods of time. Reserves quoted were
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. The Zone 4 Resource Estimate (2001) was prepared by AMEC
Americas and is reviewed in a technical report prepared by Peter Lewis, Ph.D.,
P.Geo. 


For the Cuencame Property, the Technical Report was prepared by Alain-Jean
Beauregard, P. Geol., FGAC, AEMQ, an 'Independent Qualified Person' as defined
by National Instrument 43-101, and an employee of Geologica GroupeConseil Inc.,
who consented to the filing of the Technical Report prepared for Mundoro Capital
Inc. titled "NI 43-101 Technical Evaluation Report on the Cuencame Concessions",
dated September 20, 2011 with the securities regulatory authorities.


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. 


Caution Concerning Forward-Looking Statements

Investors are encouraged to review 'Risk Factors' as outlined in the Company's
disclosure documents and other regulatory filings, available 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.

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