Definitive Agreement On Properties In Timok, Serbia

VANCOUVER - Mundoro Capital Inc. has entered into a definitive agreement with a wholly owned subsidiary of BHP Group Limited (BHP), which provides BHP with the right to earn-in to three (each, an "Option") exploration areas that Mundoro holds in the Timok region.

Teo Dechev, Chief Executive Officer, President and Director, said, "Mundoro welcomes BHP as an exploration partner that recognizes the potential of further exploration in the western Tethyan Belt. We are looking forward to commencing field exploration at the Timok Properties in order to advance targeting and testing of undercover, and near surface, porphyry and related epithermal systems in the Timok region of eastern Serbia."

Ms. Dechev added, "Mundoro has established a decade-long history of generative and early-stage exploration in Serbia and Bulgaria. Partner funded exploration programs along with Mundoro's generative programs have invested over C$30 million of exploration expenditures which bring value to stakeholders in the communities where we operate, to our partners, and to our shareholders."