January 8, 2026, Vancouver, BC - Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to review the progress achieved across the portfolio throughout 2025 and to present the exploration outlook for 2026.



Key Highlights 2025



Additional Exploration Licenses Optioned to BHP in Serbia

On October 13, 2025¹, Mundoro entered into an option agreement with BHP for seven exploration licenses (“BHP-Mundoro Central Timok Project”) within the Timok Magmatic Complex in Serbia. Under the terms, BHP can earn 100% by funding US$35 million in exploration over 10 years, while Mundoro retains a 2% NSR royalty upon exercise and will earn annual option payments and operating fees.

Drilling at BHP-Mundoro Trstenik JV (Serbia)

Drilling commenced in September 2025 at the North Central target, with the first hole reaching its 900-meter depth target². The technical team also upgraded the targeting for the Southern Target areas (adjacent to the north end of the Majdanpek mine).

Strategic Capital Raise at a Premium

In November 2025, the Company completed an oversubscribed, non-brokered private placement, raising C$1,517,500 at a price of C$0.26 per share, representing a premium to the prevailing market price. Approximately C$665,000 of the financing was subscribed by company insiders. This marked the Company’s first capital raise since January 2021, which was completed at C$0.16 per share, and demonstrates the effective execution of the prospect generator model by limiting shareholder dilution while advancing projects through partner-funded exploration. The net proceeds of the financing will be used to expand the Company’s generative program in the western United States, with a focus on copper opportunities.

Advancing Exploration in Arizona

Throughout 2025, Mundoro advanced its 100% owned Arizona portfolio into a more partner-ready position. At Copperopolis, detailed mapping identified mineralization and structural features while the new geochemical sampling collected throughout the year illustrated metal zonation that is being used to vector toward potential concealed porphyry systems. At Dos Cabezas, the company refined the geological model for a Laramide-age porphyry system through geochronology confirmation and integration of Phase 1 drilling. The company updated data rooms to support third party technical reviews, executed multiple ..
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