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Re:   News Releases - Tuesday, June 14, 2011
      Mundoro Q1 2011 Financial Highlights and Corporate Update
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VANCOUVER, BRITISH COLUMBIA -- Mundoro Capital Inc. ("Mundoro",
"Company") announces the filing of the Company's financial results for
the quarter ended March 31, 2011. The highlights provided in this
release should be read in conjunction with the Company's quarterly
financial statements and Management Discussion and Analysis, which are
available on SEDAR at www.sedar.com. All dollar amounts are in U.S.
dollars unless otherwise stated.

The Company's loss for the first quarter of 2011 was $499,772 ($0.01
per share) compared to a loss of $865,941 ($0.02 per share) for 2010.
The 2011 loss was principally attributable to the following:
expenditures for China project-related activities of $32,928 in 2011,
compared to $165,014 in 2010; other project-related costs of $40,622,
compared to $Nil in 2010; and, expenditures for corporate expenses of
$513,094, compared to $570,450 in 2010. The non-cash items were:
foreign exchange gain of $91,507, compared to a foreign exchange loss
of $94,019 in 2010; and, share-based payment expense of $18,926,
compared to $33,348 in 2010.

In Q1 2011 the Company focused on: (i) continued effort to communicate
with the Liaoning government and the Company's joint venture partner
regarding the status of the business license of the Chinese joint
venture company, Liaoning Tianli Mining Co., Ltd. ("Tianli"); (ii)
negotiations and various levels of due diligence with Chinese groups in
order to determine if a strategic transaction could be structured
relating to the Maoling Gold Project ("Maoling"); and (iii) evaluated
new resource opportunities at the project level and the corporate
level.

The Company has not financed since 2005 and has maintained a share
count of 38.4 million shares outstanding. The Company is in a
financially strong position with $9,068,473 in cash and cash
equivalents, and no debt as at March 31, 2011.

Throughout the first quarter of 2011, the Company continued attempts to
communicate with the Liaoning government regarding the status of
Tianli's business license and with the Company's joint venture partner
for feedback from the Liaoning government regarding Mundoro's response
in the August 2010 Letter to AIDI's request for liquidation in 2010.
The Company has received no official response to the Mundoro August
2010 Letter. The Company continues to attempt to attain a resolution
that involves either: a strategic transaction with a Chinese group or
seeking compensation from the relevant Chinese government. At the same
time, the Company is also evaluating legal alternatives in China;
however, there is no assurance that the Company will be successful in
any form of legal action against the Chinese government or the Chinese
joint venture partner. Despite the Company's best efforts, Tianli's
business license and exploration license were not renewed and the
Maoling Gold Project remains stalled.

The Company is continuing negotiations and various levels of due
diligence with various Chinese entities in order to determine if a
strategic transaction could be structured such that a Chinese group
would acquire the Maoling Gold Project and the Company would retain
either a minority interest or a form of participation in the event the
Maoling Gold Project is developed in the future. The Company has
discussed nonbinding frameworks regarding a strategic transaction
however there is no assurance a transaction can be consummated. There
are no assurances these negotiations or the due diligence will be
successful.

With respect to new resource projects, the Company evaluated a number
of resource opportunities at the project level and the corporate level
as part of its corporate strategy to build a portfolio of resource
properties. The key criteria for project selection have been: located
in a proven geological belt with existing mineral production; located
in a jurisdiction where there is a precedent of developing a resource
property from early exploration through to production; and demonstrates
attractive valuation where there is upside after acquisition.

With increases in commodity prices, the valuation of many resource
projects evaluated has outweighed their technical and/or economic merit
and as a result, management initiated a project generation program. The
first jurisdiction Mundoro is targeting is Mexico. Many of the easy
epithermal vein type deposits have been explored for decades and in
some cases for centuries, but deeper targets around the epithermal vein
deposits are now considered prospective targets, considering the
discovery and development of the Penasquito Ag-Au-Pb-Zn Deposit. This
style of mineralization has generally been under explored in Mexico due
to the abundance of mineralized systems with surface showings and has
been primarily staked. Staking strategy is low cost to acquire
properties however takes a longer time to advance projects. Mundoro set
up a Mexican subsidiary and in the first quarter of 2011 the Company
submitted applications for three exploration concessions in the State
of Durango, Mexico. Subsequently, the Company made applications for an
additional six exploration concessions in the State of Durango. The
Company will continue to evaluate advanced project level resource
opportunities alongside its project generation program.

On behalf of the board of directors,

Teo Dechev, Chief Executive Officer and President

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Copyright (c) 2011 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 Jun 16, 2011 at 11:54:33 AM Pacific Time
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