MMI Messina Minerals Inc.

Mundoro Capital Inc. ("Mundoro" or the "Company") (TSX:MUN) announces the filing
of the Company's financial results for the quarter ended June 30, 2011. The
highlights provided in this release should be read in conjunction with the
Company's interim financial statements and Management Discussion and Analysis,
which are available on SEDAR at www.sedar.com. All dollar amounts are in U.S.
dollars unless otherwise stated.


The Company's loss for the six months ended June 30, 2011 was $848,983 ($0.02
per share) compared to a loss of $1,019,772 ($0.03 per share) for 2010. The 2011
loss was principally attributable to the following: China project related costs
of $74,634, compared to $232,019 in 2010; other project related costs of
$113,890, compared to $NIL in 2010; and, expenditures for corporate expenses of
$986,823, compared to $1,007,037 in 2010. The non-cash items were: foreign
exchange gain of $291,972, compared to $219,541 in 2010; and, share-based
payment expense of $4,900, compared to $1,906 in 2010. The Company ended the
period with $8,262,834 in cash and cash equivalents, and no debt.


In the second quarter, Mundoro focused on: (i) negotiations and various levels
of due diligence with Chinese groups in order to determine if a strategic
transaction could be structured relating to the Maoling Gold Project
("Maoling"); (ii) continued effort to communicate with the Liaoning government
and the Company's joint venture partner regarding the status of the business
license of the Chinese joint venture company, Liaoning Tianli Mining Co., Ltd.;
and (iii) continued the project generation activity in Mexico and other
jurisdictions as well as evaluated new resource opportunities at the project
level and the corporate level. 


Subsequent to the end of the quarter, on August 2, 2011, the Company announced
that it entered into a definitive share purchase agreement with China National
Gold Group Hong Kong Limited ("CNGHK"), a wholly-owned subsidiary of China
National Gold Group Corporation. Pursuant to the share purchase agreement, CNGHK
will acquire 95% of the issued and outstanding shares of Mundoro Mining Inc.
("MMI"), the Company's wholly owned subsidiary, for cash purchase price of
CDN$13,800,000, with the Company retaining 5% of the issued and outstanding
shares of MMI (the "Strategic Transaction"). The completion of the Strategic
Transaction is subject to a number of conditions, including but not limited to,
receipt of approval by special resolution from the Company's shareholders and
receipt of appropriate Stock Exchange approval.


Mundoro is pleased to announce the addition of Michel Cormier, as Vice
President, Exploration. With the announcement on August 2, 2011 regarding the
Strategic Transaction with CNGHK, the Company is focusing on growing its
exploration portfolio of properties and beginning the exploration program on the
Cuencame Property in Durango, Mexico. Mr. Cormier is a geological engineer with
over 35 years of a proven track record in gold and base metals exploration,
discoveries, development and mining. He gained expertise in project generation,
planning and management of exploration programs leading to the discovery and
development of economically feasible gold deposits in Canada, Mexico, Guinea,
Niger, Burkina Faso, Algeria and Ghana. Mr. Cormier has solid international
expertise in exploration and mine geology, including mineral resource and
reserve evaluation, and in underground and open-cast grade control. Since 2000,
he has been acting as Qualified or Competent Person for compliance with Canadian
National Instrument 43-101 or JORC code. Mr. Cormier has Bachelor and Master
degrees in Geological Engineering from Ecole Polytechnique in Montreal.
Mundoro's CEO and President, Teo Dechev commented, "Mr. Cormier is an excellent
addition to the management team and has a wealth of experience as we expand
Mundoro's exploration activity. With the Cuencame Property as our first project
in Mexico, Michel will be vital in overseeing the initial exploration program."


With the proposed sale of substantially all of the Company's interest in the
Maoling Gold Project, Mr. Alan Riles, metallurgical engineer and Chief Operating
Officer of the Company, has resigned his position as officer of the Company and
will continue with his consultancy services work with Mundoro and various other
clients. Ms. Dechev commented, "Mr. Riles was a valuable member of the
management team for the development phase of the Maoling Gold Project which
included the feasibility study and environmental studies. We thank him for his
contributions."


On behalf of the Company,

Teo Dechev, Chief Executive Officer and President

About Mundoro Capital Inc.

The Company is a Canadian based company with a management team focused on
acquisition, exploration, development and investment in mineral resource
properties with the ability to host significant resources. The Company has an
interest in the Maoling Gold Project through its wholly owned subsidiary Mundoro
Mining. Mundoro has an active project generation program in several
jurisdictions which includes Mexico where it has been granted title for the
Cuencame Property (approximately 43,000 hectares) and has made application for
five additional mineral concessions in Durango State. Mundoro is well funded to
advance its projects with approximately $8.3 million in cash and cash
equivalents. Mundoro has 38.4 million shares issued and outstanding and 40.6
million shares on a fully diluted basis.


About Mundoro Mining Inc.

Mundoro Mining has rights to a 79% interest in Maoling through a Sino-Foreign
co-operative joint venture with the corporate arm of the Liaoning provincial
government which has rights to 21% interest. Maoling is a pre-feasibility stage
gold deposit located in Liaoning Province, China and has a significant 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. In 2005 a Reserve
of 2.8 million ounces (88 million tonnes at 1 g/t gold) in the Probable category
was the basis for the Pre-Feasibility Study. The Pre-Feasibility Study for
Maoling was completed in June 2005 and demonstrated the economic viability of
developing a large-scale open-pit mine for Zone 1 at Maoling. Since 2005, the
renewal of the exploration license for Maoling has been deferred pending the
renewal of a business license for Tianli. Despite the Company's best efforts,
Tianli's business license and exploration license have not been renewed and the
Maoling Gold Project remains stalled. 


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.
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.


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.

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