MMI Messina Minerals Inc.

Mundoro Capital Inc. ("Mundoro" or the "Company") (TSX VENTURE:MUN) is pleased
to announce the completion of the Strategic Transaction with China National Gold
Group Hong Kong Limited ("CNGHK") as announced on August 2, 2011. CNGHK is a
wholly-owned subsidiary of China National Gold Group Corporation ("CNG"), the
long established state-owned enterprise that is currently the largest gold
producer in China and is held by the State-Owned Assets Supervision and
Administration Commission of the State Council of China. China Gold Hong Kong
Holding Corporation Limited ("CGHK"), a subsidiary of CNGHK has purchased
36,711,858 common shares of Mundoro Mining Inc. ("MMI") representing 95% of the
issued and outstanding shares of MMI for a cash purchase price of $13,800,000.
The Company now owns 1,932,203 common shares of MMI, representing 5% of the
issued and outstanding shares of MMI. 


As previously announced on August 2, 2011, and as outlined in the Company's
Information Circular dated August 30, 2011, the Company and CGHK entered into a
Shareholders Agreement that governs the shareholding of MMI. CGHK has operating
control of MMI and its board with the goal of advancing the development of the
Maoling Gold Project. Upon attaining a mining permit for Maoling, CGHK can
effect a control sale of its position in MMI to a public entity controlled by
CNG, CNGHK or any other purchaser for Fair Market Value, as defined in the
Shareholders Agreement and, under these circumstances, the Company would have a
tag along obligation to sell its 5% in MMI on the same terms and conditions. If
the control sale does not meet the conditions outlined in the Shareholders
Agreement, the Company does not have a tag along obligation. Both the Company
and CGHK have a mutual right of first refusal to purchase the shares in MMI held
by the other party if either party desires to transfer the shares it owns to a
third party that does not meet control sale conditions. Mundoro shall nominate
one director to the MMI board.


Teo Dechev, President and CEO of Mundoro, commented, "The completion of the
Strategic Transaction is an important step for the future development of the
Maoling Gold Project. Mundoro's 5% retained interest in MMI is an opportunity
for shareholders to attain further value should the CNG group of companies
attain a mining permit for Maoling. Going forward, Mundoro is well-funded to
execute its exploration strategy which includes the project generation program
that has resulted in 15 mineral concessions staked in Mexico as well as
identified geological areas of interest in Europe." 


On behalf of the Company,

Teo Dechev, Chief Executive Officer and President

About Mundoro Capital Inc.

Mundoro is a Canadian based company which operates as a mineral exploration,
development and investment company. The Company has an interest in the Maoling
Gold Project through its 5% interest in MMI. Maoling is a pre-feasibility stage
gold deposit located in Liaoning Province, China and has a gold resource with
4.8 million gold ounces (161 million tonnes at 0.92 g/t gold) in the Measured
and Indicated category and an additional 4.4 million gold ounces (158 million
tonnes at 0.9 g/t gold) in the Inferred category. The pre-feasibility study
outlined a Reserve of 2.8 million ounces (88 million tonnes at 1 g/t gold) in
the Probable category. Mundoro also has an active project generation program in
Mexico where it has been granted title for the Cuencame Property (45,215
hectares) and has made application for twelve additional mineral concessions
(184,249 hectares) in Durango and Chihuahua States. The Company's project
generation program expands beyond Mexico with the evaluation of properties in
Europe. Mundoro is well funded to advance its projects with approximately
US$20.8 million as of October 11, 2011. Mundoro has 38.4 million shares issued
and outstanding and 40.6 million shares on a fully diluted basis.


Forward-Looking Statements

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 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.
Resource estimation for the Zone 4 area in 2001 was carried out by Dr. Peter D.
Lewis, P.Geo., (Lewis Geoscience Services Inc.), 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.

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