Mundoro Shareholders Approve Transaction with China National Gold Hong Kong Limited

Mundoro Capital Inc. ("Mundoro" or the "Company") (TSX VENTURE:MUN) is pleased
to announce the Company received shareholder approval at the Special Shareholder
Meeting held on October 4, 2011 for the proposed strategic transaction announced
on August 2, 2011. The total percentage of shares voted were 64% of which 85%
Voted For the Special Resolution to approve the Proposed Strategic Transaction,
whereby China National Gold Group Hong Kong Limited ("CNGHK"), a wholly-owned
subsidiary of China National Gold Group Corporation, will acquire 95% of the
issued and outstanding shares of Mundoro Mining Inc. ("MMI"), the Company's
wholly owned subsidiary, for a cash purchase price of CDN$13,800,000 (the
"Proposed Strategic Transaction"). The Company will retain 5% of the issued and
outstanding shares of MMI. The Proposed Strategic Transaction is expected to
close on or about October 10, 2011.


On behalf of the Company,

Teo Dechev, Chief Executive Officer and President

About Mundoro Capital Inc.

Mundoro 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, which is a prefeasibility stage project with a significant gold
resource in Liaoning, China, through its wholly owned subsidiary MMI. As
described above, the Company has entered into a Share Purchase Agreement to sell
95% of the issued and outstanding shares of MMI to China National Gold Group
Hong Kong Limited. The Company will retain 5% of the issued and outstanding
shares of MMI. Mundoro also has an active project generation program in Mexico
where it has been granted title for the Cuencame Property (45,215 hectares) and
has made application for twelve additional mineral concessions (184,249
hectares) in Durango and Chihuahua States. The Company's project generation
program expands beyond Mexico with the evaluation of prospects in Europe.
Mundoro is well funded to advance its projects with approximately US$8.3 million
in cash and cash equivalents as of June 30, 2011. Mundoro has 38.4 million
shares issued and outstanding and 40.6 million shares on a fully diluted basis.


Forward-Looking Statements

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.