November 10, 2011, Vancouver, BC – Mundoro Capital Inc. (“Mundoro” or the “Company”) announces it has received approval from the TSX Venture Exchange (“TSXV”) of its Notice of Intention to Make a Normal Course Issuer Bid (the “NCIB Program”).

In the opinion 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 (i) strong financial position, (ii) minority interest in the Maoling Gold Project (iii) exploration program in a prospective mineral region in the Mesa Central belt of Durango-Chihuahua, and (iv) continued project generation program to bring further projects to the Company. Accordingly, Mundoro believes purchasing its Common Shares at current price levels represents an opportunity to enhance value for shareholders. The Company’s strong cash position allows for the implementation of the NCIB Program without adversely affecting Mundoro’s growth opportunities.

Pursuant to the NCIB Program, the Company may purchase for cancellation up to a maximum of 1,919,963 of its Common Shares, or approximately 5% of the Common Shares outstanding. As of November 10, 2011, there were 38,399,276 Common Shares of Mundoro Capital issued and outstanding.

The purchases will be made by the Company through TD Securities Inc. and in accordance with the rules of the TSXV, 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 TSXV.

The actual number of Common Shares of the Company that are purchased for cancellation under the Bid, if any, and the timing of such purchases will be determined by management as approved by the Board of Directors of the Company.

The Company previously entered into a normal course issuer bid between May 29, 2008 and May 28, 2009. During this time, the Company repurchased 323,760 common shares at an average price of $0.33. All shares purchased were cancelled according to the requirements of the Toronto Stock Exchange.

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 TSXV 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 November 14, 2011 and will terminate on the earlier of: (i) November 13, 2012; (ii) the date Mundoro completes its purchases pursuant to the notice of intention filed with the TSX Venture; or (iii) the date of notice by Mundoro of termination of the NCIB Program.

On behalf of the Company,
Teo Dechev, Chief Executive Officer and President