GBM

Mundoro Capital Inc. (the "Company" or "Mundoro") (TSX VENTURE:MUN) is pleased
to announce an update on the exploration activity on the Company's mineral
properties along the Meso Central Belt in northwestern Mexico.


Since the first quarter of 2011, Mundoro registered a local Mexican subsidiary
(Mundoro de Mexico, S.A. de C.V., "MMSA") and has staked ground in the Meso
Central Belt in northwestern Mexico. To date, the Mexican General Bureau of
Mines ("GBM") has granted MMSA four 100%-owned mineral concessions. Three
licenses totaling approx. 452 sq. km. comprise the Cuencame Property and one
approx. 221 sq. km. concession comprises the Camargo Property. The Company has
twelve additional applications pending for mineral concessions totaling 1319
sq.km.


The areas which Mundoro has staked have been staked for the purpose of exploring
for porphyry and epithermal related mineralization. Many of the outcropping vein
type deposits in Mexico 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 latter style of mineralization has
generally been under explored in Mexico.


Mundoro has completed an initial evaluation and ranking of the mineral
concessions staked by the Company on the basis of: (i) air borne geophysics,
(ii) favorable geology, (iii) known mineral occurrences and (iv) potentially
productive structures. Results from this work have identified the most
prospective areas for follow up exploration including: (i) ground magnetics,
(ii) ground Induced Polarization and Resistivity, (iii) stream sediment
sampling, (iv) geologic mapping and (v) ASTER imagery. The reconnaissance
program began in November 2011 and is ongoing. The overall objective of the
reconnaissance exploration program is to define drill targets. With completion
of the reconnaissance exploration program, scheduled for mid-2012, Mundoro
expects to advance the properties to the next phase of exploration, through
initiation of a drilling program to test the targets in the second half of 2012.


To advance the Company's exploration efforts, Mundoro has:



i.  hired a team of five local Mexican geologists to conduct the field
    exploration programs; 
ii. engaged Dr. Richard Tosdal to review the exploration programs in Mexico
    and work with our exploration team on a focused exploration work program
    for 2012; Dr. Tosdal is a former Director of the Mineral Deposit
    Research Unit at the University of British Columbia where he supervised
    collaborative industry-university research projects on 5 continents
    investigating a wide range of deposits and their environments. In 2009,
    Dr. Tosdal became an independent geologist to consult with the minerals
    industry around the world; 
iii.Michel Cormier has stepped down as Vice President of Exploration,
    effective immediately. The Company thanks Mr. Cormier for his assistance
    in initiating exploration operations for the Company in Mexico and wish
    Mr. Cormier continuing success in future endeavours; and 
iv. hired Mr. George Magaranov as Senior Exploration Manager for South
    Eastern Europe. Mr. Magaranov has over 17 years international mineral
    exploration and evaluation experience in a range of geographic locations
    in Eastern Europe, Middle East, Latin America, West Africa and Asia.
    Much of his experience was gained working as project and senior project
    geologist for Anglo American and Rio Tinto. He has managed drilling
    programs, designed and participated in targets generation and project
    evaluation programs for Au, Base metals and Iron ore in Russian Far
    East, Chile, Turkey, Iran, Mali and Ghana West Africa. Mr. Magaranov is
    a Qualified Person as defined by National Instrument 43-101.



The Company has accepted Mr. Louis MacEachern's desire to retire from the board.
Mr. MacEachern has agreed to make his services available to the Company as a
consultant whenever requested. As Mr. MacEachern has been a director of Mundoro
since 2003, the board of directors sincerely thanks Mr. MacEachern for his
valuable contributions to the board of this Company for close to a decade of
service and wishes Mr. MacEachern continued success in his business ventures.


The Company has also appointed Mr. Michael Calyniuk to the board of directors,
effective February 8th, 2012 and appointed Mr. Calyniuk as Chair of the Audit
Committee. Mr. Calyniuk will be retiring as a partner with
PricewaterhouseCoopers LLP in June 2012. Mr. Calyniuk has worked for more than
30 years in audit and more recently in their advisory Performance Improvement,
Risk and Technology Practice focusing on governance and strategy. He has had
considerable exposure to Boards, Audit Committees and Risk, Governance and
special committees in mergers, acquisitions and special reviews. Currently Mr.
Calyniuk is a Chapter Chair of the Institute of Corporate Directors (ICD) - the
BC Chapter - and holds a Director's ICD.D certification.


Mundoro's CEO & President added "In 2011, Mundoro expanded its area of interest
beyond China to focus on proven mineral belts which the Company believes have
strong exploration potential and could prove to be focus areas for our industry
over the next five years. We have built a strong team of in-house geologists and
external consultants to provide the right balance of execution with leading
experts insights for the exploration of our projects. The Company is well funded
to execute on the exploration strategy in Mexico and has generated a pipeline of
projects, characterized by sizeable land packages and district-wide potential,
that can meet the Company's growth needs going forward."


On behalf of the Company,

Teo Dechev, Chief Executive Officer and President

About Mundoro Capital Inc.

Mundoro is a Canadian based company which operates as a mineral acquisition,
exploration, development and investment company. Mundoro has initiated an
exploration program in a prospective mineral region in the Mesa Central belt of
Durango and Chihuahua States in Mexico where it has received approval for four
concessions covering 673 sq.km. and has made application for twelve additional
mineral concessions covering 1319 sq.km. 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 and
has a gold resource with 4.8 million gold ounces (161 million tonnes at 0.92 g/t
gold) in the Measured and Indicated category and an additional 4.4 million gold
ounces (158 million tonnes at 0.9 g/t gold) in the Inferred category. The
pre-feasibility study outlined a Reserve of 2.8 million ounces (88 million
tonnes at 1 g/t gold) in the Probable category. The Company's project generation
initiatives focus on targeting mineral belts which the Company believes have
strong exploration potential. Mundoro is well funded to advance its projects and
has 38.1 million shares issued and outstanding.


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 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.

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