Operational And Exploration Update With New Target Areas Identified For Drill Testing in Serbia

VANCOUVER - Mundoro Capital Inc. CEO and President, Teo Dechev, said, "Despite an exploration year that has been slowed by the COVID-19 pandemic, Mundoro's exploration activity to drive value for shareholders is moving ahead as demonstrated with the US$1.9 million confirmed work program budget for the Vale-Mundoro projects. This work program has already identified new targets and upgraded current targets for drill testing which is expected to commence around year end. The improving commodity prices for copper and gold continue to drive interest by third parties in the copper and gold exploration projects Mundoro has generated in the Tethyan belt."

The Technical Committee has approved a US$1.9 million exploration work program up to Q4-2021. The exploration work program has commenced at two of the Vale-Mundoro Projects - Skorusa and Oblez, both located west-southwest of the Cukaru Peki Deposit and all within the Timok Magmatic Complex. The exploration completed to date over the two license areas includes: grid-based soil sampling, geological mapping and rock sampling as well as a ground magnetic survey. As a result of these exploration programs.