Mundoro Reports Q1-2013 Financials, Corporate Update and Filing of Technical Report for Borsko Jezero Copper-Gold Property in...

Mundoro Capital Inc. (TSX VENTURE:MUN) (www.mundoro.com)  ("Mundoro" or the
"Company") announces the following updates:


First Quarter 2013 Financial Summary

The Company has filed the financial results for the first quarter ended March
31, 2013 (Q1-2013). This information should be read in conjunction with the
Company's unaudited Financial Statements and the Management Discussion and
Analysis, which are available on SEDAR at www.sedar.com. All dollar amounts are
in Canadian dollars unless otherwise stated. The Company changed its
presentation currency from United States dollars (US$) to Canadian dollars
(CAD$) effective January 1, 2013. This was done to better reflect the Company's
business activities and to make it easier for investors to compare the Company's
financial results with its peers within the minerals exploration industry. 


Commenting on Mundoro's first quarter results and outlook for 2013, CEO &
President Teo Dechev said, "We are very pleased with the exploration progress
made to date in Serbia on our projects along the Tethyan Belt, several of which
surround the Bor Mine and are adjacent to the Timok JV Project in the Timok
Complex. The Company continues to exercise discipline in effectively spending
our cash on quality projects with good exploration potential. With the current
market conditions and the Company's cash on hand, Mundoro is also actively
evaluating prospective development stage or producing mineral resource
properties for investment, acquisition or joint venture. This strategy would add
to our existing strong project pipeline, drive long-term, sustainable growth and
attain production related cash flow sooner, while enhancing shareholder return."


Mundoro ended the first quarter of 2013 in a strong financial position with
$14,918,359 in cash, cash equivalents and short-term investments. The Company
has no debt.


The Company recorded a loss for the three months ended March 31, 2013 of
$1,209,630 ($0.03 per share), an increase of $256,927 when compared to the loss
of $952,703 ($0.03 per share) for the quarter ended March 31, 2012. The increase
in loss is primarily the result of the acceleration of exploration activity in
Serbia. 


Due to the market conditions for mineral resource companies, the Company has
reduced its exploration expenditures for 2013. The primary focus of the current
work programs is on the exploration properties along the Tethyan Belt in
Southeastern Europe. 


The Mexico exploration program has been reduced to primarily care and
maintenance until market conditions improve. The Company believes there is
potential for discovery on this assembled property package; however, due to the
market conditions, the Company is pursuing joint venture opportunities for its
exploration properties in Mexico as well as other value enhancing transactions
for these properties. 


All properties staked or acquired are evaluated on a quarterly basis as to
whether to continue exploration, progress into development, joint venture to
another company, or drop the property. In the first quarter of 2013, the Company
applied to drop three properties in Mexico and has dropped two properties in
Serbia. At the end of Q1-2013, the Company held ten properties in Serbia, one in
Bulgaria and twelve in Mexico. Subsequent to quarter-end, the Company filed with
the Mexican General Bureau of Mines to drop the Hidalgo 1, Hidalgo 2, and
Tejamen mining concessions, reducing the total number of properties in Mexico to
nine.


Corporate Update

As part of the strengthening of our management team, in Q1-2013 the Company
announced the engagement of a new contract Chief Financial Officer, Thomas
Wilson, who brings over 30 years of financial reporting and accounting
experience to the Company. Mr. Wilson replaces a third party accounting services
firm which had previously filled this role.


The Company announces an addition to the Board of Directors with the appointment
Michael Sheridan effective May 15, 2013. Mr. Sheridan is the nominee of the
Sheridan Platinum Group Ltd. ("SPG"), which was granted one board seat with
certain voting and standstill covenants as a result of a strategic investment in
2012. Mr. Sheridan is the President, Chief Executive Officer, director and
principal shareholder of Sheridan Brothers Limited Partnership, a Toronto based
investment dealer. Mr. Sheridan has spent his career in the investment industry
with a particular focus on the mining sector. Mr. Sheridan was previously the
founder and President of a number of private investment companies that were
active in many sectors of the securities trading business. Mr. Sheridan holds a
Bachelor of Arts degree from the University of Western Ontario.


The Board of Directors welcomes Michael Sheridan as a Director of the Company. 

Filing on SEDAR of the Technical Report for Borsko Jezero Copper-Gold Property
in Serbia


The Company is also pleased to announce that it has filed on SEDAR a Canadian
National Instrument 43-101 ("NI 43-101") compliant technical report for the
Company's 100% owned Borsko Jezero copper-gold property, located in Bor, Serbia.
The Borsko Jezero property is within the Timok Magmatic Complex (TMC) and is
situated directly west of the Bor Mine and directly north of the
Reservoir/Freeport-McMoRan JV Timok Project (See press release dated April 15,
2013 announcing technical report).


The technical report of the Borsko Jezero copper-gold property was prepared by
D. Power-Fardy, P. Geo., EurGeol and Senior Geologist with Watts, Griffis and
McOuat Limited, Consulting Geologists and Engineers of Toronto Canada and G.
Magaranov, P. Geo., EurGeol and Senior Exploration Manager, SE Europe for
Mundoro Capital, Inc. Mr. Power-Fardy is independent of Mundoro. Their review
and report are in compliance with Canadian Securities Administrators' National
Instrument 43-101 and the definitions of the Council of Canadian Institute of
Mining, Metallurgy and Petroleum ("CIM") standards. 


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 mineral 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. 


Caution Concerning Forward-Looking Statements

Information included, attached to or incorporated by reference into this News
Release may contain forward looking statements. All statements, other than
statements of historical fact, included or incorporated by reference in this
News Release are forward-looking statements, including, without limitation,
statements regarding activities, events or developments that the Board expects
or anticipates may occur in the future. These forward-looking statements can be
identified by the use of forward-looking words such as "will", "expect",
"intend", "plan", "estimate", "anticipate", "believe" or "continue" or similar
words or the negative thereof. The material assumptions that were applied in
making the forward looking statements in this News Release include expectations
as to the Company's future strategy and business plan and execution of the
Company's existing plans. There can be no assurance that the plans, intentions
or expectations upon which these forward-looking statements are based will
occur. We caution readers of this News Release not to place undue reliance on
forward looking statements contained in this News Release, which are not a
guarantee of performance and are subject to a number of uncertainties and other
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements. These factors include
general economic and market conditions, changes in law, regulatory processes,
the status of Mundoro's assets and financial condition, actions of competitors
and the ability to implement business strategies and pursue business
opportunities. The forward-looking statements contained in this News Release are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements included in this News Release are made as of the date
of this News Release and the Board undertakes no obligation to publicly update
such forward-looking statements to reflect new information, subsequent events or
otherwise, except as required by law. Shareholders are cautioned that all
forward-looking statements involve risks and uncertainties and for a more
detailed discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the Canadian
securities regulators available on www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mundoro Capital Inc.
Teo Dechev
CEO, President and Director
[phone]
[phone] (FAX)
[e-mail]
www.mundoro.com


Roth Investor Relations
Michelle Roth
[phone]