Mundoro and BHP Commence Drill Program at South Timok Project, Serbia
Mundoro and BHP Commence Drill Program at South Timok Project, Serbia
January 26, 2026, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF |
www.mundoro.com) ("Mundoro" or the " Company") is pleased to announce the commencement of the inaugural
drilling program at the South Timok Project (the "Project"), located within the Timok Magmatic Complex ("Timok")
in Serbia. The Project is part of the previously announced BHP-Mundoro option earn-in agreement where BHP is sole
funding the exploration. Mundoro is the operator and earns operating fees as well as annual option payments.
Figure 1: Location Map of South Timok in Timok Region, Serbia.
The planned drill program will comprise up to 2,500 meters of diamond drilling, representing the first drill test of
targets defined through systematic exploration over the past two years. The project has been advanced by applying
systematic deep-sensing geophysics to vector towards anticipated undercover porphyry systems. The drill holes are
designed to test various targets across the contiguous project area, where integrated datasets have outlined multiple
coincident geophysical anomalies. These anomalies are characterized by: resistivity signatures that could indicate
hydrothermal alteration and positive magnetic signatures which could indicate an intrusive body. In addition, the drill
tests will further inform the geological interpretation being applied in the target areas.
The Project area aggregates four contiguous exploration licenses covering a total of approximately 306 sq. km.
Located 40 to 70 km south of the Bor Mine Complex, this district represents the southern extension of the prolific
Timok Magmatic Complex.
For further information about Mundoro, please contact:
Teo Dechev, Chief Executive Officer, President and Director +1-604-669-8055 [email protected]
Christian Elferink, Investor Relations Manager +1-604-669-8055 [email protected]
About Mundoro Capital Inc.
Mundoro is a publicly listed company on the TSX -V in Canada and OTCQB in the USA with a portfolio of mineral
properties focused primarily on base and precious metals. To drive value for shareholders, Mundoro’s asset portfolio
generates near-term cash payme nts to Mundoro and creates royalties attached to each mineral property optioned to
partners. The portfolio of mineral properties is currently focused on predominantly copper in two mineral districts:
Western Tethyan Belt in Eastern Europe and the Laramide Belt in the southwest USA.
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Qualified Persons
R. Jemielita, PhD, MIMMM, a Qualified Person as defined by National Instrument 43 -101 and consultant to the
Company, has reviewed, verified and approved the disclosure of the technical information contained in this news
release.
Caution Concerning Forward-Looking Statements
This News Release contains forward -looking statements. Forward-looking statements can be identified by the use of
forward-looking words such as “could”, "will", "expect", "intend", "plan", "estimate", "anticipate", "believe" or
"continue" or similar words or the negative thereof, and include the following: completion of earn -in expenditures,
options and completion of a definitive agreement by the parties. The material assumptions that were applied in making
the forward looking statements in this News Release include expectations as to the mineral potential of the Company’s
projects, the Company's future strategy and business plan and execution of the Company's existing plans. We caution
readers of this News Release not to place undue reliance on forward look ing statements contained in this News
Release, as there can be no assurance that they will occur and they are subject to a number of uncertainties and other
factors that could cause actual results to differ materially from those expressed or implied by suc h forward-looking
statements. These factors include general economic and market conditions, exploration results, commodity prices,
changes in law, regulatory processes, the status of Mundoro's assets and financial condition, actions of competitors
and the ability to implement business strategies and pursue business opportunities. The forward -looking statements
contained in this News Release are expressly qualified in their entirety by this cautionary statement. The forward -
looking statements included in thi s News Release are made as of the date of this News Release and the Board
undertakes no obligation to publicly update such forward-looking statements, except as required by law. Shareholders
are cautioned that all forward-looking statements involve risks and uncertainties and for a more detailed discussion of
such risks and other factors that could cause actual results to differ materially from those expressed or implied by such
forward-looking statements, refer to the Company's filings with the Canadian se curities regulators available on
SEDAR+ at www.sedarplus.ca.
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.