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Re:   News Releases - Tuesday, October 11, 2011
      Mundoro Completes Strategic Transaction With China National Gold
      Hong Kong Limited
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VANCOUVER, BRITISH COLUMBIA - Mundoro Capital Inc. ("Mundoro" or the
"Company") (TSX VENTURE:MUN) is pleased to announce the completion of
the Strategic Transaction with China National Gold Group Hong Kong
Limited ("CNGHK") as announced on August 2, 2011. CNGHK is a
wholly-owned subsidiary of China National Gold Group Corporation
("CNG"), the long established state-owned enterprise that is currently
the largest gold producer in China and is held by the State-Owned
Assets Supervision and Administration Commission of the State Council
of China. China Gold Hong Kong Holding Corporation Limited ("CGHK"), a
subsidiary of CNGHK has purchased 36,711,858 common shares of Mundoro
Mining Inc. ("MMI") representing 95% of the issued and outstanding
shares of MMI for a cash purchase price of $13,800,000. The Company now
owns 1,932,203 common shares of MMI, representing 5% of the issued and
outstanding shares of MMI.
As previously announced on August 2, 2011, and as outlined in the
Company's Information Circular dated August 30, 2011, the Company and
CGHK entered into a Shareholders Agreement that governs the
shareholding of MMI. CGHK has operating control of MMI and its board
with the goal of advancing the development of the Maoling Gold Project.
Upon attaining a mining permit for Maoling, CGHK can effect a control
sale of its position in MMI to a public entity controlled by CNG, CNGHK
or any other purchaser for Fair Market Value, as defined in the
Shareholders Agreement and, under these circumstances, the Company
would have a tag along obligation to sell its 5% in MMI on the same
terms and conditions. If the control sale does not meet the conditions
outlined in the Shareholders Agreement, the Company does not have a tag
along obligation. Both the Company and CGHK have a mutual right of
first refusal to purchase the shares in MMI held by the other party if
either party desires to transfer the shares it owns to a third party
that does not meet control sale conditions. Mundoro shall nominate one
director to the MMI board.
Teo Dechev, President and CEO of Mundoro, commented, "The completion of
the Strategic Transaction is an important step for the future
development of the Maoling Gold Project. Mundoro's 5% retained interest
in MMI is an opportunity for shareholders to attain further value
should the CNG group of companies attain a mining permit for Maoling.
Going forward, Mundoro is well-funded to execute its exploration
strategy which includes the project generation program that has
resulted in 15 mineral concessions staked in Mexico as well as
identified geological areas of interest in Europe."
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 through its 5% interest in MMI.
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. The pre-feasibility study
outlined a Reserve of 2.8 million ounces (88 million tonnes at 1 g/t
gold) in the Probable category. 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 properties in Europe. Mundoro is
well funded to advance its projects with approximately US$20.8 million
as of October 11, 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.
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. Resource
estimation for the Zone 4 area in 2001 was carried out by Dr. Peter D.
Lewis, P.Geo., (Lewis Geoscience Services Inc.), 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 TSXV has neither approved nor disapproved of the information
contained herein.

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Copyright (c) 2011 MUNDORO CAPITAL INC. (TSX-V:MUN)  All rights
reserved.  For more information visit our website at
http://www.mundoro.com/ or send mailto:info@mundoro.com
Message sent on Tue Oct 11, 2011 at 7:08:46 PM Pacific Time
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