December 03, 2008
Mundoro Appoints John Hoey to Board of Directors

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.