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Press release from Marketwire

Mundoro Announces Strategic Investment and Update on Serbia Exploration Program

Wednesday, July 18, 2012

Mundoro Announces Strategic Investment and Update on Serbia Exploration Program18:02 EDT Wednesday, July 18, 2012VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) -Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") is pleased to announce a strategic investment in the Company to be made by the Sheridan Platinum Group Ltd. ("Sheridan Group"), which investment will bring additional value-added expertise to Mundoro through the Sheridan Group's long established presence in the Canadian mining industry. The Company will issue to the Sheridan Group, by way of a brokered private placement, 5,500,000 common shares (the "Shares") at a price of $0.40 per Share (the "Transaction"), resulting in aggregate gross proceeds to the Company of approximately $2,200,000. On closing of the Transaction, the Sheridan Group will have ownership of approximately 13.1% of the then outstanding shares of Mundoro. The pricing of the Transaction is at a 27% premium to the Company's 30 day volume weighted average price ("VWAP") of the common shares on the TSX Venture Exchange ("TSXV"), 25% premium to the 20 day VWAP and 11% to the 10 day VWAP."We are very pleased to announce this strategic alliance with the Sheridan Group. The Sheridan Group has a history of successful investments in the mining sector and their participation is an endorsement of Mundoro's management and defined corporate strategy of the Company" stated Mr. Hoey, Chairman of the Board. "Along with the value-added expertise we will receive from the Sheridan Group, this investment strengthens our financial and strategic relationship with the Sheridan Group and will assure we have the necessary financial resources to achieve critical milestones for the twelve properties in Mexico, six properties in South Eastern Europe and further acquisitions" stated Teo Dechev, CEO and President of the Company.The Shares to be issued under the Transaction will be subject to a four month hold period in accordance with Canadian securities laws. In connection with the Transaction, the Company will pay a 5% cash commission to Sheridan Brothers L.P., an investment dealer member of the Toronto Stock Exchange. The net proceeds will be used to fund the Company's exploration work programs in Mexico and South Eastern Europe and for potential further acquisitions. The Transaction is scheduled to close no later than July 25, 2012 and is subject to certain closing conditions, including receipt by Mundoro of a fairness opinion with respect to the Transaction and approval of the TSXV. Morrison Park Advisors, Mundoro's independent financial advisor, has been engaged to provide the fairness opinion to Mundoro's board of directors.As part of the strategic investment, the Sheridan Group has been granted one board seat, subject to their acceptance of certain voting covenants with respect to their holdings in the Company, including a requirement to issue to Mundoro a proxy to vote the common shares of Mundoro beneficially owned by the Sheridan Group in accordance with management's recommendations for a period of 24 months. The Sheridan Group will also be prohibited from acquiring beneficial ownership of more than 20% of the outstanding common shares of Mundoro for this period. In light of actions taken by Northern Minerals Investment Corp. ("NMI") earlier this year, an invitation has been made to NMI to participate in the Transaction on a pro rata basis to maintain its current level of ownership in Mundoro. In connection with this invitation, NMI has also been offered a board seat on the same terms and subject to the same conditions as was agreed to by the Sheridan Group. Serbia Exploration Program UpdateThe Company is also pleased to announce that the stream sediment sampling program has been progressing over the first six granted, 100% own by Mundoro, exploration license areas. Total of 322 stream sediment samples were collected and dispatched for analysis to SGS laboratory. Stream sediment sampling has been completed for: Osanica Bukovska 87 samples, Rakova Bara 74 samples, Zeleznik 85 samples and Glozana 76 samples. Total of 309 km² area was covered. Stream sediment sampling collection continues over Manastirica and Topla licenses where 210 samples have been designed to cover an area of 150 km². The first stage of the exploration work program was carried out at the Osanica-Bukovska license area in order to investigate historically reported mineral occurrences at Osanica (W-Sb-Au) and Antina Cuka (Pb-Zn-Au-Ag). The exploration team has collected a total of 21 rock samples from potentially mineralized rock and submitted to SGS laboratory for analysis. Teo Dechev, CEO and President of Mundoro, commented, "Mundoro has grown its land position to a district scale exploration effort in the highly prospective Timok Magmatic Complex in the Tethyan Metallogenic belt. The first phase exploration program is on schedule with our field team actively sampling, mapping and evaluating mineral prospects in the license areas. We are confident the current exploration work program will produce drill targets within the license areas by the end of the field program." OsanicaOsanica Au-Ag-W-Sb district is located near the town of Zagubica. The area explored for vein-type mineralization in Soviet times occupies an area of 1300 meters by 800 meters, part of a larger, 3 km by 3.5 km mineralized system. Reported gold grades from veins and underground adits range from 0.5 to 2.5 ppm Au.Osanica quartz vein system is hosted in basement metamorphic package of mica-schist and mica-feldspar gneiss. Basement rocks are cut by Carbon Age granite stocks and dike bodies followed by late intrusions of Paleogene andesite-rhyolite dikes and stocks. Field observations and rock sampling indicate Osanica mineralization occurs in several intersecting vein systems (Au-Ag-W-Sb) containing up to 5-10% sulphides with visible wolframite, stibnite, scheelite and pyrite. Potential may exist with quartz veinlets and possibly stockwork mineralization between the major veins or at veins contacts which were not recognized and sampled previously. Potential exists to discover either (Au-Ag-W-Sb) vein or bulk-mineable deposits within the 3 by 3.5 km area, since it has not been explored systematically with modern methods. Mundoro has initiated historical state data compilation and has planned additional follow-up stream sediment and rock sampling to cover footprints of the mineralized system.Antina CukaAn area with old workings, trenches and drillhole sites 500 meter by 500 meter in size is present within west-central part of the Osanica-Bukovska exploration license. The area is along strike continuation of known Pb-Zn-Au-Ag occurrence Antina Cuka representing mineralized system 2 km by 1.5 km.Historical exploration at Antina Cuka started during the 1980's and lasted intermittently until 1992. In this period, geology mapping in scale 1:10000 and 1:2500 with geochemical mapping and sampling 1:2500 were performed. Applied geophysical methods were Induced Polarization (IP) and Specific Electrical Resistance (SER). From 1981 to 1986, 17 boreholes were drilled, reported results were: Au 0.5 - 6.6 g/t, Ag 7.50 to 144.00 g/t, Cu from 0.01 to 1.8%, Pb from 0.15 to 5.10%, Zn from 0.08 to 0.39%.Reconnaissance rock samples were collected from excavated material from old trenches. One sample was collected from a 4 meter silicified calcschist containing quartz-carbonate-pyrite veinlets ± malachite. Mundoro will analyze stream sediment and rock sampling results when available and compile historical state data.This technical information of this Press Release has been reviewed and approved by Mr. G. Magaranov, P. Geo., the Qualified Person as defined by National Instrument 43-101.On behalf of the Company, Teo Dechev, Chief Executive Officer, President and DirectorAbout Mundoro Capital Inc.Mundoro is a Canadian based company which operates as a mineral acquisition, exploration, development and investment company. The Company's target areas are the Tethyan belt in South Eastern Europe and the Meso Central Belt in Northwestern Mexico, both of which are prolific mineral belts the Company believes have strong exploration and development potential. Mundoro has methodically staked a district-scale land position with 12 mineral concessions covering 154,098 hectares in the Meso Central belt. We have successfully acquired six mineral exploration licenses in Serbia within the well-known Timok Magmatic Complex which hosts significant Au-Cu porphyry deposits and related Au-Cu epithermal deposits. The Company maintains an interest in the Maoling Gold Project through its 5% interest in Mundoro Mining Inc. Maoling is a pre-feasibility stage gold deposit located in Liaoning Province, China. Caution Concerning Forward-Looking StatementsInvestors are encouraged to review 'Risk Factors' as outlined in the Company's disclosure documents and other regulatory filings, available 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.FOR FURTHER INFORMATION PLEASE CONTACT: Teo DechevMundoro Capital Inc.CEO, President and Director+1-604-669-8055Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.