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Re:   News Releases - Tuesday, May 27, 2008
      Mundoro Receives TSX Approval for Normal Course Issuer Bid
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VANCOUVER, BRITISH COLUMBIA (May 27, 2008) - Mundoro Capital Inc.
(TSX:MUN - News; "Mundoro" or the "Company") announce that it has
received approval from the Toronto Stock Exchange ("TSX") of its Notice
of Intention to Make a Normal Course Issuer Bid (the "NCIB Program").
In the opinion of the board of directors of the Company, its common
shares ("Common Shares") have been trading at prices that do not
reflect the underlying value of the Company, including its financial
position, Maoling gold project asset and future growth opportunities.
Accordingly, Mundoro believes purchasing back its Common Shares
represents an opportunity to enhance value for its shareholders. The
Company's cash position allows for the implementation of the NCIB
Program without adversely affecting Mundoro's other growth
opportunities.

Pursuant to the NCIB Program, the Company may purchase for cancellation
up to a maximum of 1,933,203 of its Common Shares, or approximately 5%
of the Common Shares outstanding as of the date of this announcement.
As of May 23, 2008, there were 38,664,061 Common Shares of Mundoro
Capital issued and outstanding.
 
The purchases will be made by the Company through the facilities and in
accordance with the rules of the TSX, and the price which the Company
will pay for any such Common Shares will be the market price at the
time of acquisition. The Company will make no purchases of Common
Shares other than open market purchases or other means approved by the
TSX. Other than block purchases allowable under the TSX rules,
purchases will be subject to a daily restriction of 9,190 Common
Shares, being 25% of the average daily trading volume for the preceding
six months.

The actual number of Common Shares of the Company that are purchased
for cancellation under the Bid and the timing of such purchases will be
determined by management as approved by the Board of Directors of the
Company. The Company has not previously entered into a normal course
issuer bid.

To the knowledge of the Company, no director, senior officer or other
insider of Mundoro currently intends to sell any Common Shares under
this Bid. However, sales by such persons through the facilities of the
TSX may occur if the personal circumstances of any such person change
or any such person make a decision unrelated to these normal course
purchases. The benefits to any such person whose shares are purchased
would be the same as the benefits available to all other holders whose
shares are purchased.

The NCIB Program will commence on May 29, 2008 and will terminate on
the earlier of: (i) May 28, 2009 (ii) the date Mundoro completes its
purchases pursuant to the notice of intention filed with the TSX, or
(iii) the date of notice by Mundoro of termination of the NCIB Program.

About Mundoro Capital Inc.
Mundoro Capital will carry on the business of a mineral exploration,
development and investment company. The ownership of Mundoro Mining as
a wholly-owned subsidiary remains the largest and key asset of Mundoro
Capital which will continue with the business strategy of Mundoro
Mining to develop the Maoling Gold Project. Mundoro Capital will also
evaluate and invest in resource assets or companies in the natural
resources field, which can create value for Mundoro Capital and its
shareholders, using management's years of specialized experience in the
capital markets focused on evaluating exploration and production
assets, resource investment opportunities and structuring unique
transactions for investments in the resource sector.
 
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 prospectus documents and
other regulatory 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.

The TSX has neither approved nor disapproved of the information
contained herein.

Contact:
Teo Dechev
Mundoro Capital Inc.
President & Director
(604) 630-3591

Ben Chow
Mundoro Mining Inc.
Investor Relations Manager
(604) 630-3587

Email: info@mundoro.com
Website: www.mundoro.com

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Copyright (c) 2008 MUNDORO MINING 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 May 27, 2008 at 9:30:24 AM Pacific Time
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