=======================================================================
Re:   News Releases - Thursday, July 23, 2009
      Mundoro Announces Management and Board Changes
=======================================================================

VANCOUVER, BRITISH COLUMBIA--(July 23, 2009) - Mundoro Capital Inc.
(the "Company") (TSX:MUN - News) announces that John Hoey, currently an
independent director of the Company, has been appointed Chairman of the
Company, to replace Mr. Robert van Doorn who has left the Company
effective immediately. Mr. Hoey has also been appointed Chairman of
Mundoro Mining Inc., a 100% subsidiary of the Company. Mr. Hoey's
background includes over 35 years of international investment
experience and has served on private and public company boards with
activity in various countries and a focus on emerging market countries
with direct experience in China.

Ms. Teo Dechev, the current President and Chief Financial Officer of
the Company, has been appointed Interim Chief Executive Officer of the
Company in place of Mr. van Doorn and will remain as President and
Chief Financial Officer. Ms. Dechev has been with the Company since
2006 and joined the Board of Directors in April 2008. Ms. Dechev has a
geological and mineral engineering degree with over 14 years experience
in the resource and financial industry.

The main areas of focus for the Company continue to be: corporate
development activity in China for Mundoro Mining's efforts to secure a
strategic partner; engaging the government of Liaoning directly; and,
evaluating investment opportunities in the resources sector for Mundoro
Capital. Mundoro Mining has been in discussions with various Chinese
companies in regards to a strategic partnership in China. These efforts
are in various stages of discussion with no certainty of completion.
With respect to the Maoling Gold Project, the Company continues to
dedicate its efforts to demonstrating the economic, technical and
environmental merits of a long life, sustainable mining operation in
China in close co-operation with the county, municipal, provincial and
national levels of government. A large scale, low grade operation at
Maoling would bring the latest international mining knowledge to China.
Mundoro Capital is looking to employ its financial strength and
technical expertise either in conjunction with others or as the
principal for resource projects. The Company will continue to monitor
carefully value driven opportunities and weigh these opportunities
against the necessity to conserve capital during this period of
restricted financial markets.

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 ("Maoling"),
remains the key asset of the Company. The Company will also evaluate
and invest in other resource assets or companies in the natural
resources field, which can create value for the Company and its
shareholders, using management's years of specialized experience in the
capital markets focused on evaluating exploration and production
assets, resource investment opportunities.

About Mundoro Mining Inc.

Mundoro Mining is a resource company focused on the exploration and
development of one of the world's top gold deposits, the Maoling Gold
Project. 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% interest.

Maoling is a feasibility stage gold deposit located in Liaoning
Province, China and is China's largest single, gold resource deposit
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. Mundoro Mining has outlined a Reserve of 2.8 million
ounces in the Probable category which 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
since November 2005 pending the renewal of a business license for
Mundoro Mining's joint venture company, Liaoning Tianli Mining Company
Ltd. Mundoro Mining and its partner, Liaoning Aidi Resources Company
Limited, have undertaken a strategy of engagement and building
awareness with a wide range of government agencies in order to resolve
the issue.

Investors are encouraged to review 'Risk Factors' associated with the
Maoling project as outlined in the Company's continuous disclosure
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.

Contact:
Teo Dechev
Interim CEO, President & CFO
604-630-3591

Ben Chow
Investor Relations Manager
604-630-3587

info@mundoro.com
www.mundoro.com

=======================================================================
Copyright (c) 2009 MUNDORO CAPITAL INC. (TSX:MUN)  All rights
reserved.  For more information visit our website at
http://www.mundoro.com/ or send mailto:info@mundoro.com
Message sent on Thu Jul 23, 2009 at 6:51:48 AM Pacific Time
=======================================================================
.
<