Mundoro Q1 2011 Financial Highlights and Corporate Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 14, 2011) - Mundoro Capital Inc. ("Mundoro", "Company") (TSX:MUN) announces the filing of the Company's financial results for the quarter ended March 31, 2011. 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 2011 was $499,772 ($0.01 per share) compared to a loss of $865,941 ($0.02 per share) for 2010. The 2011 loss was principally attributable to the following: expenditures for China project-related activities of $32,928 in 2011, compared to $165,014 in 2010; other project-related costs of $40,622, compared to $Nil in 2010; and, expenditures for corporate expenses of $513,094, compared to $570,450 in 2010. The non-cash items were: foreign exchange gain of $91,507, compared to a foreign exchange loss of $94,019 in 2010; and, share-based payment expense of $18,926, compared to $33,348 in 2010. The Company maintains a low share count of 38.4 million shares and holds $9.1 million in cash.

In Q1 2011 the Company focused on: (i) continued effort to communicate with the Liaoning government and the Company's joint venture partner regarding the status of the business license of the Chinese joint venture company, Liaoning Tianli Mining Co., Ltd. ("Tianli"); (ii) negotiations and various levels of due diligence with Chinese groups in order to determine if a strategic transaction could be structured relating to the Maoling Gold Project ("Maoling"); and (iii) evaluated new resource opportunities at the project level and the corporate level.

The Company has not financed since 2005 and has maintained a share count of 38.4 million shares outstanding. The Company is in a financially strong position with $9,068,473 in cash and cash equivalents, and no debt as at March 31, 2011.

Throughout the first quarter of 2011, the Company continued attempts to communicate with the Liaoning government regarding the status of Tianli's business license and with the Company's joint venture partner for feedback from the Liaoning government regarding Mundoro's response in the August 2010 Letter to AIDI's request for liquidation in 2010. The Company has received no official response to the Mundoro August 2010 Letter. The Company continues to attempt to attain a resolution that involves either: a strategic transaction with a Chinese group or seeking compensation from the relevant Chinese government. At the same time, the Company is also evaluating legal alternatives in China; however, there is no assurance that the Company will be successful in any form of legal action against the Chinese government or the Chinese joint venture partner. Despite the Company's best efforts, Tianli's business license and exploration license were not renewed and the Maoling Gold Project remains stalled.

The Company is continuing negotiations and various levels of due diligence with various Chinese entities in order to determine if a strategic transaction could be structured such that a Chinese group would acquire the Maoling Gold Project and the Company would retain either a minority interest or a form of participation in the event the Maoling Gold Project is developed in the future. The Company has discussed nonbinding frameworks regarding a strategic transaction however there is no assurance a transaction can be consummated. There are no assurances these negotiations or the due diligence will be successful.

With respect to new resource projects, the Company evaluated a number of resource opportunities at the project level and the corporate level as part of its corporate strategy to build a portfolio of resource properties. The key criteria for project selection have been: located in a proven geological belt with existing mineral production; located in a jurisdiction where there is a precedent of developing a resource property from early exploration through to production; and demonstrates attractive valuation where there is upside after acquisition.

With increases in commodity prices, the valuation of many resource projects evaluated has outweighed their technical and/or economic merit and as a result, management initiated a project generation program. The first jurisdiction Mundoro is targeting is Mexico. Many of the easy epithermal vein type deposits have been explored for decades and in some cases for centuries, but deeper targets around the epithermal vein deposits are now considered prospective targets, considering the discovery and development of the Penasquito Ag-Au-Pb-Zn Deposit. This style of mineralization has generally been under explored in Mexico due to the abundance of mineralized systems with surface showings and has been primarily staked. Staking strategy is low cost to acquire properties however takes a longer time to advance projects. Mundoro set up a Mexican subsidiary and in the first quarter of 2011 the Company submitted applications for three exploration concessions in the State of Durango, Mexico. Subsequently, the Company made applications for an additional six exploration concessions in the State of Durango. The Company will continue to evaluate advanced project level resource opportunities alongside its project generation program.

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 100% ownership of Mundoro Mining, and its Maoling Gold Project, remains the key asset of the Company. Mundoro Capital will also evaluate and invest in other resource assets or companies in the natural resources field, which can create value for Mundoro Capital and its shareholders, using management's years of specialized experience in the capital markets focused on evaluating exploration and production assets and resource investment opportunities.

About Mundoro Mining Inc.

Our vision is to create value for all of our stakeholders from responsible mining. Our mission is to build a state of the art large scale gold mine at Maoling meeting applicable Chinese and international environmental standards. 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 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 in the Measured and Indicated category and an additional 4.4 million contained gold ounces in the Inferred category. In 2005 a Reserve of 2.8 million ounces in the Probable category was the basis for the Pre-Feasibility Study. Thus far, 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. 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.

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.