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Re:   News Releases - Monday, August 11, 2008
      Mundoro Q2 2008 Financial Results
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VANCOUVER, BRITISH COLUMBIA--(Aug. 11, 2008) - Mundoro Capital Inc.
(the "Company") (TSX:MUN) announces the financial results for the
quarter ended June 30, 2008. This press release should be read in
conjunction with the Company's interim financial statements and
Management Discussion and Analysis, which are available on the
Company's website (www.mundoro.com) and SEDAR (www.sedar.com). All
dollar amounts are in U.S. dollars unless otherwise stated.

Financial Highlights

- The Company's consolidated and comprehensive loss for the quarter was
$335,544 or $0.01 per share compared with a net loss of $2,646,045 or
$0.07 per share over the same quarter last year. The net loss is
attributable to:

I. earning interest income of $122,014;

II. recovering $149,821 on non-cash accounting items;

III. expending $94,038 on Engineering and Exploration; and

IV. expending $513,341 on Corporate Expenses.

- The Company ended the quarter with $16,883,266 in cash with no long
term debt.

Company Highlights

Corporate Restructuring

The Company completed the plan of arrangement which was approved at the
Company's Annual General and Special Meeting on April 11, 2008. As a
result on April 16, 2008, Mundoro Mining Inc. ("MMI") became a wholly
owned subsidiary of the newly formed, Mundoro Capital Inc., which
immediately began trading on the Toronto Stock Exchange under the
ticker symbol "MUN".

The Company owns 100% interest in MMI, which remains a key asset of
Mundoro Capital. MMI's sole focus is the development of the Maoling
Gold Project ("Maoling") located in Liaoning Province, China. The
resource at Maoling stands at 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. Maoling has a Reserve of 2.8
million ounces in the Probable category was the basis for the 2005
Pre-Feasibility Study. MMI is working diligently with Chinese agencies
and enterprises to achieve renewal of the joint venture company's
business license.

Future Investments

The Company has been actively evaluating new investments in resource
assets and companies in the natural resources field, which can create
value for Mundoro Capital and its shareholders, using management's
specialized experience focused on the resource sector in the capital
markets. Management believes the current market cycle for resource
assets and equities is attractive for investment and as such has been
evaluating a number of resource investment opportunities.

Share Repurchase Program

On May 27, 2008, the Company issued a press release announcing its
intention to make a Normal Course Issuer Bid ("NCIB") to buy back a
maximum of 1,933,203 common shares ("Common Shares") for cancellation
through the facilities of the Toronto Stock Exchange ("TSX"). In the
opinion of the board of directors of the Company, its common shares
have been trading at prices that do not reflect the underlying value of
its strong financial position, the fundamental value of Maoling and
future growth opportunities. Mundoro believes purchasing back its
Common Shares represents an opportunity to enhance value for its
shareholders.

Maoling Progress Update

Work on the Feasibility Study for Maoling has been substantially
completed apart from some fieldwork and final cost estimation that
awaits the business license renewal. Because of the delays in the
renewal of Tianli's business license, certain portions of the
feasibility study, such as geotechnical drilling for the final pit
slope design in Zone 1 and final Chinese cost estimations, cannot be
completed at this stage. It is anticipated that once the joint venture
company's business license has been renewed, the remaining engineering
work needed to produce a National Instruments 43-101 compliant
feasibility study and a full Environmental Social Impact Assessment for
Maoling will be completed.

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 since November 2005
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.

For further information, please contact:

Robert van Doorn
Chief Executive Officer & Chairman, Mundoro Capital Inc.
604-630-3593

Teo Dechev
President & Director, Mundoro Capital Inc.
604-630-3591

Ben Chow
Investor Relations Manager, Mundoro Mining Inc.
604-630-3587

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Copyright (c) 2008 MUNDORO MINING 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 Tue Aug 12, 2008 at 9:33:56 AM Pacific Time
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