Mundoro Files Third Quarter Results

Mundoro Capital Inc. (the "Company"
or "Mundoro") (TSXV: MUN) announces the filing of the Company's
financial results for the quarter ended September 30, 2011. The
highlights provided in this release should be read in conjunction with
the Company's interim financial statements and Management Discussion
and Analysis, which are available on SEDAR at HUwww.sedar.comUH and the
Company's website at www.mundoro.com.  All dollar amounts are in U.S.
dollars unless otherwise stated.

The Company's loss for the nine months ended September 30, 2011 was
$1,768,825 ($0.05 per share), which included loss from discontinued
operations of $494,401 compared to a loss of $1,790,162 ($0.05 per
share) for 2010, which included loss from discontinued operations of
$888,348.  The 2011 loss was principally attributable to the following:

.. Other project related costs of $286,113, compared to $NIL in 2010;
.. Expenditures for corporate expenses of $912,489, compared to $669,723
in 2010;
.. Foreign exchange gain of $51,444, compared to a loss of $77,876 in
2010.

The Company has not financed since 2005 and has maintained a low share
count of 38.4 million shares outstanding.  As at September 30, 2011,
the Company is in a financially strong position with $6.71 million in
cash and cash equivalents, and no debt. 

Pursuant to the share purchase agreement announced on August 2, 2011
with China Gold Hong Kong Holding Corporation Limited ("CGHK"), CGHK
purchased 95% of the issued and outstanding shares of MMI, the
Company's wholly owned subsidiary, for a cash purchase price of
CDN$13,800,000. On October 11, 2011, the Company completed the
transaction with CGHK.

On behalf of the Company,
Teo Dechev, Chief Executive Officer and President