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Re:   News Releases - Wednesday, December 03, 2008
      Mundoro Appoints John Hoey to Board of Directors
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December 3, 2008 Vancouver, BC -- Mundoro Capital Inc. (the "Company")
is pleased to announce the appointment of John J. Hoey to the Company's
Board of Directors ("Board") effective immediately.

John J. Hoey joins the Board with over 35 years of international
investment experience. Mr. Hoey is President of Beneficial Capital, a
private New York-based investment company that he co-founded in 1977
and serves as an executive director of Quondam Partners, an association
of independent financial markets experts who have experience as senior
executives of major international financial institutions and who
conduct special assignments in emerging market countries.  Mr. Hoey has
also co-founded Quondam-Aquila, a Zurich-based asset management
company. Currently, he is a Director of Tethys Oil, a Swedish company
focused on exploration for and production of oil and natural gas, which
he co-founded in 2001 and took public in 2004 on the Stockholm Exchange
and remains a major shareholder.

Previous executive and/or director positions include: (i) Vietnam
Holding Ltd, an investment company focused on the privatization of
state-owned enterprises in Vietnam and quoted on LSE/AIM in London;
(ii) Hondo Oil & Gas Co, a publicly traded international exploration
and production company which was acquired by Lonmin Plc.; (iii)
Atlantic Petroleum Corp. until its sale to the Sun Company; and (iv)
co-founder and director of Jaguar Acquisition Corp in its merger with
China Cablecom Holdings Ltd quoted on NASDAQ. 

Mr. Hoey has held various executive positions in commercial and
investment banking in Saudi Arabia, England and the USA. He has also
served as a Foreign Service officer in the U.S. State Department in
Saigon, South Vietnam. Mr. Hoey received a B.S. in Mechanical
Engineering from the University of Notre Dame and an M.B.A. from
Harvard University.

Mundoro's Chairman and CEO, Robert van Doorn commented on Mr. Hoey's
appointment: "John's exceptional track record in industry and the
emerging markets will be of great benefit to Mundoro and its efforts to
develop Maoling in China. Mr. Hoey brings local knowledge, respect and
strong relationships in China and abroad, built over 35 years that will
assist Mundoro in advancing its strategy."

Mundoro's President and Director, Teo Dechev highlighted: "Mr. Hoey has
demonstrated exceptional leadership throughout his career in asset
management and advisory roles which will be of great benefit to Mundoro
Capital.  We are extremely pleased to welcome him to the Board and
expect his knowledge and experience will contribute to Mundoro's
success."

For further information, please contact:

Robert van Doorn
Chief Executive Officer & Chairman
604-630-3593

Teo Dechev
President & Director
604-630-3591

Ben Chow
Investor Relations Manager
604-630-3587

About Mundoro Capital Inc.

Mundoro Capital Inc. is a Canadian based company which operates as a
mineral exploration, development and investment company.  The ownership
of Mundoro Mining, and its Maoling Gold Project, remains a key asset of
Mundoro Capital and the Company will continue to develop the Maoling
Gold Project.  Mundoro Capital will also evaluate and invest in
resource assets or companies in the natural resources field, which can
create value for Mundoro Capital and its shareholders, using
management's years of specialized experience in the capital markets
focused on evaluating exploration and production assets, resource
investment opportunities and structuring unique transactions for
investments in the resource sector.

About Mundoro Mining Inc.

Mundoro MIning is a resource company focused on the exploration and
development of one of the world's top gold deposits, the Maoling Gold
Project.  Mundoro Mining has a 79% interest in Maoling through a
Sino-Foreign co-operative joint venture with the corporate arm of the
Liaoning provincial government which owns 21% interest.  Maoling is a
feasibility stage gold deposit located in Liaoning Province, China and
is one of China's largest gold resource deposits with 4.8 million
contained gold ounces in the Measured and Indicated category and an
additional 4.4 million contained gold ounces in the Inferred category.
Mundoro Mining has outlined a Reserve of 2.8 million ounces in the
Probable category which was the basis for the Pre-Feasibility Study.
Thus far, two deposits that outcrop at surface have been outlined at
Maoling in which disseminated, free-milling gold mineralization occurs
within a sequence of metasedimentary rocks.  The renewal of the
exploration license for Maoling has been deferred pending the renewal
of a business license for Mundoro Mining's joint venture company,
Liaoning Tianli Mining Company Ltd. Mundoro Mining and its partner,
Liaoning Aidi Resources Company Limited, have undertaken a strategy of
engagement and building awareness with a wide range of government
agencies in order to resolve the issue.

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 pre-feasibility described herein was prepared to broadly quantify
the Maoling Zone 1 deposit's capital and operating cost parameters, and
to further the development of the project. It was not prepared for use
as a valuation of the deposits, nor should it be considered to be a
final feasibility study. The information contained in the Study
reflects various technical and economic conditions at the time of
writing that can change significantly over relatively short periods of
time. There can be no assurance that the potential results contained in
the Study will be realized. The study was prepared by AMEC Americas
Ltd. under the direction and oversight of Mr. Mark Pearson P.Eng. of
Vancouver, BC, an 'Independent Qualified Person' as defined by National
Instrument 43-101. Resource estimation for the Zone 1 area in 2006 was
carried out in the Brisbane, Australia office of Golder Associates Pty
Limited, an international earth sciences consulting group under the
direction and oversight of Dr. Andrew Richmond, MAusIMM, an
'Independent Qualified Person' as defined by NI43-101. NI43-101
compliant technical reports for the pre-feasibility study and all
reserve and resource estimates have been filed 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.

The TSX has neither approved nor disapproved of the information
contained herein.

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Copyright (c) 2008 MUNDORO CAPITAL INC. (TSX:MUN)  All rights
reserved.  For more information visit our website at
http://www.mundoro.com/ or send mailto:info@mundoro.com
Message sent on Wed Dec 3, 2008 at 2:58:02 PM Pacific Time
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