Mundoro Provides Exploration Program FOR 2018 IN Serbia

MUNDORO PROVIDES EXPLORATION PROGRAM FOR 2018 IN SERBIA

April 16, 2018, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN, www.mundoro.com ) (" Mundoro "

or the " Company ") is pleased to provide the exploraon work program for 2018 in Serbia for the four

licenses being sole funded under the Opon Agreement between Mundoro and Japan Oil, Gas and

Metals Naonal Corporaon (" JOGMEC ") at the Timok mining camp in eastern Serbia (see Figure 1:

Location Map JOGMEC optioned Licenses) .

JOGMEC has nofied Mundoro that it has budgeted an addional US$1.5 million (~C$1.89 million) for

the Exploraon Work Program for Year 3 of the Phase 1 Earn-in Opon commencing April 2018 to March

2019. The Year 3 Exploraon Work Program will include:

● Borsko license (see Figure 2: Target Map for Borsko) :

○ Follow up drill program to the 2017 drilling;

○ Geophysics that will include a gravity survey and a deep IP survey to further refine the

targeng at Borsko; and

○ Further structural analysis with the new data to update on inial structural analysis from

2017.

● Zeleznik license (see Figure 3: Target Map for Zeleznik) :

○ Interpretaon of the ground magnecs survey which now covers the enre 55 sqkm of

the Zeleznik license;

○ Soil sampling program to cover the remaining 25 sqkm of the license which will result in

a soil sampling survey over the enre 55 sqkm: and

○ Drill program to test key targets.

● Padina license (see Figure 4: Target Map for Padina) :

○ Interpretaon of several geophysics surveys and structural interpretaon has idenfied

four targets one of which will be drill tested by May 2018.

Teo Dechev, CEO & President commented: “We are very pleased to connue our partnership with

JOGMEC for Year 3 of Phase 1 of the Earn-in for the Timok North Projects. The joint venture with

JOGMEC has successfully drill tested two porphyry systems in the southern poron of the Zeleznik

license and in the Borsko license idenfied undercover mineralizaon at Target 1 that is indicave of high

sulphidaon style mineralizaon. The Year 3 exploraon program will connue with a focus on

geophysics and drilling.”

Borsko to focus on Geophysics and Drilling

At Borsko, as the license area for exploraon is enrely undercover, our exploraon methodology has

been to use a combinaon of systemac exploraon including grid soil sampling, structural

interpretaon, various geophysics surveys including but not limited to: CSAMT, IP, gravity, and magnecs

to idenfy an inial 6 targets on the license area.

Due to the general depth of the main contact zone at Target 1, an IP survey commenced in April 2018

designed to reach greater depth. A gravity survey is scheduled to commence by the end of April 2018 to

further define structures. These geophysics surveys are expected to be completed in May 2018. The

geophysical surveys will further refine the structural understanding that control the intersected system.

Our expectaon is to commence drilling in mid-2018 with a follow up drill program in the Borsko license.

Zeleznik to focus on Interpretation of Geochemistry and Geophysics for Target Development

At Zeleznik, geophysics is being used along with geochemistry, structural interpretaon, mapping and

spectral analysis of alteraon to further develop targets. To date, the systemac exploraon program at

Zeleznik has idenfied four main target areas: West Zone, East Zone, Central Zone and North Zone. The

Central Zone and North Zone have yet to be drill tested. The porphyry systems in the West Zone and

East Zone are being evaluated for an inial resource.

To further assist with the exploraon of the project as a whole, which now includes 55 sqkm (5,500

hectares), a ground magnec survey over the enre project began in October 2017 and was completed

in February 2018. The team is currently conducng a systemac soil sampling program which is expected

to be completed in May 2018. This magnec data along with the geochemical analysis from the soil

sampling program will be used to further define targets. Mundoro and JOGMEC will then use the

informaon to design a drill program to test one of the target areas.

Timok South Projects Continue to Receive Interest from Third Parties

Mundoro ended Q1-2018 with approximately C$4.7 million in treasury with the Timok North Projects

oponed to JOGMEC; and the Timok South Projects, which is the largest conguous exploraon area in

the Timok district, available for joint venture. As such, Mundoro connues discussions with third pares

for the Timok South Projects comprising of Sumrakovac, Osnic, Savinac and Bacevica as it is the

Company’s connued view to establish partnerships that will generate greater exploraon expenditures

for drilling targets than would otherwise be available to the projects. Although there are discussions, the

Company cannot provide assurance that a transacon will be concluded as a result of these discussions.

The Company will keep the market apprised of material developments.

Qualified Person

Technical informaon contained in this Press Release has been reviewed and approved by Mr. G.

Magaranov, P. Geo., Qualified Person as defined by Naonal Instrument 43-101.

On behalf of the Company,

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a Canadian mineral exploraon and development public company focused on building value

for its shareholders through directly invesng in mineral projects that have the ability to generate future

returns for shareholders. The Company currently holds a diverse porolio of projects in two European

countries as well as an investment in a producing gold mine in Bulgaria and a feasibility stage gold

project in China. The Company holds eight 100% owned projects in Serbia, the four Timok North Projects

are in opon to JOGMEC, and the four Timok South Projects are being advanced by Mundoro.

Mundoro’s common shares trade on the TSX Venture Exchange under the symbol "MUN".

For further information please contact:

Teo Dechev, CEO, President and Director of Mundoro Capital Inc. at +1-604-669-8055

Caution Concerning Forward-Looking Statements

This News Release contains forward-looking informaon and statements (“forward-looking statements”)

under applicable securies laws. All statements, other than statements of historical fact, included or

incorporated by reference in this News Release are forward-looking statements, including, without

limitaon, the compleon of the proposed exploraon work on the Timok North Projects and results of

that exploraon work, the prospect of one or more joint ventures on the Timok South Projects and other

statements regarding acvies, events or developments that the Company expects or ancipates may

occur in the future. These forward-looking statements can be idenfied by the use of forward-looking

words such as "will", "expect", "intend", "plan", "esmate", "ancipate", "believe", “promising”,

“encouraging” or "connue" or similar words or the negave thereof. The material assumpons that

were applied in making the forward looking statements in this News Release include expectaons as to

the Company's future strategy and business plan and execuon of the Company's exisng plans. There

can be no assurance that the plans, intenons or expectaons upon which these forward-looking

statements are based will occur. We cauon readers of this News Release not to place undue reliance on

forward looking statements contained in this News Release, which are not a guarantee of performance

and are subject to a number of uncertaines and other factors that could cause actual results to differ

materially from those expressed or implied by such forward-looking statements. These factors include

general economic and market condions, changes in law, regulatory processes, the status of Mundoro's

assets and financial condion, acons of competors and the ability to implement business strategies

and pursue business opportunies. The forward-looking statements contained in this News Release are

expressly qualified in their enrety by this cauonary statement. The forward-looking statements

included in this News Release are made as of the date of this News Release and Mundoro undertakes no

obligaon to publicly update such forward-looking statements to reflect new informaon, subsequent

events or otherwise, except as required by law. Shareholders are cauoned that all forward-looking

statements involve risks and uncertaines 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 securies regulators

available on www.sedar.com .

Neither TSX Venture Exchange nor its Regulaon 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.