NMI Namibia Critical Metals Inc

Mundoro Capital Inc. (TSX VENTURE:MUN) ("Mundoro" or the "Company") is pleased
to announce that it has closed the brokered private placement consisting of
3,950,000 common shares sold at a price of $0.40 per share to Sheridan Platinum
Group Ltd. ("Sheridan Group"). The Sheridan Group now holds approximately 9.9%
of the Company's issued and outstanding shares. As previously announced, as part
of the strategic investment the Sheridan Group has been granted one board seat
and has agreed to certain voting and standstill covenants. In connection with
the private placement, the Board of Directors of the Company received a fairness
opinion from Morrison Park Advisors, Mundoro's independent financial advisor. 


"We are pleased with the Sheridan Group's strengthened relationship with the
Company and their support for Mundoro's strategic vision," said Mr. Hoey,
Chairman of the Board. The net proceeds of the private placement will be used to
fund the Company's exploration work programs in Mexico and South Eastern Europe
and for potential further acquisitions. 


The common shares issued under the private placement are subject to a four month
hold period in accordance with Canadian securities laws. In connection with the
transaction, the Company has paid a 5% cash commission to Sheridan Brothers
L.P., a broker dealer member of IIROC. Any nominee of the Sheridan Group will be
subject to clearance of a PIF. In addition, as a new substantial shareholder
with nominee rights, the financing closed on the condition of the provision of
certain additional information by the investor and its control person to the
TSXV, to their satisfaction.


As previously announced, an invitation was made by the Company to Northern
Minerals Investment Corp. ("NMI") to participate in the private placement on a
pro rata basis to maintain its current level of ownership in Mundoro, subject to
certain conditions. NMI did not respond with respect to this invitation. 


On July 20, 2012, the Supreme Court of British Columbia released its Reasons for
Judgment (see press release dated July 20, 2012) dismissing the application that
was brought last month by NMI. The application was dismissed in its entirety.
The Court upheld the Mundoro board of directors' decision to postpone the annual
general meeting (the "Meeting") to August 27, 2012 and to adopt the Advance
Notice Policy to protect all shareholders. On the same day that the Judgment was
released, the Company received NMI's notice pursuant to Mundoro's Advance Notice
Policy to nominate five individuals for election to the board of directors at
the Meeting. 


The adoption of the Advance Notice Policy and the postponement of the Meeting
were steps taken by the Mundoro board in the best interests of the Company in
order to ensure that all shareholders may be fully informed in preparation for
the Meeting on August 27, 2012. 


The Company also announces the resignation of Director Thomas I. Allen who has
been on the board of Mundoro and its predecessor company since 2000. Mr. Allen
was expected to retire from the board on June 26, 2012. However, he graciously
agreed to remain on the board for an additional month due to the Meeting
postponement. Mr. Hoey, Chairman of the Board said, "The Board would like to
thank Mr. Allen for his invaluable contributions during his long and
distinguished service as a Director and wish him well." Mr. Allen's vacancy on
the board will be filled by the nominee of the Sheridan Group upon approval of
such nominee by the board.


On behalf of the Company,

Teo Dechev, Chief Executive Officer, President and Director

About Mundoro Capital Inc.

Mundoro is a Canadian based company which operates as a mineral acquisition,
exploration, development and investment company. The Company's target areas are
the Tethyan belt in South Eastern Europe and the Meso Central Belt in
Northwestern Mexico, both of which are prolific mineral belts the Company
believes have strong exploration and development potential. The Company
maintains an interest in the Maoling Gold Project through its 5% interest in
Mundoro Mining Inc. 


Caution Concerning Forward-Looking Statements

Investors are encouraged to review 'Risk Factors' as outlined in the Company's
disclosure documents and other regulatory filings, available 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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