Mundoro reports exploration progress and financial results

VANCOUVER, British Columbia, Aug. 31, 2026 (GLOBE NEWSWIRE) -- Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com ) (" Mundoro " or the " Company ") is pleased to announce an update regarding exploration program results achieved to date, as well as the filing of its Management's Discussion and Analysis (MD&A) and Financial Statements for the second quarter and six-month period ended June 30, 2026.

"Our financial results for the quarter reflect our strategic commitment to generate new property opportunities, particularly within Serbia, while simultaneously realizing efficiencies in corporate expenses, which were reduced by 24%, directing our capital toward the project pipeline. That priority carries into the second half of the year, where our generative focus shifts toward our Arizona copper assets. On the properties held with BHP, where exploration is partner-funded, the coming quarter includes drill testing of the Vitanovac target. We also remain focused on advancing the Borsko drill target, navigating the administrative and permitting process in Bulgaria, and progressing partnership discussions for our copper projects in Arizona," stated Teo Dechev, CEO of Mundoro.

Exploration Highlights

Skorusa East drilling completed: Assays received in full for drill holes completed at Skorusa East, 26-SKO-08 (499.8 m) and 26-SKO-09 (788.3 m).

Tilva Rosh South: Assay results for Hole 26-OBL-05, drilled to a total depth of 1,302.7 m, have been partially received.

New Hyperspectral core scanning: Approximately 9,725 m of core across 17 holes scanned to date.

Petrophysical sampling: Programme advanced with selection of core intervals which are to be sent for petrophysical study in an independent laboratory.

Target Refinement & Drill Proposals: Established formal drill proposals targeting three prospective areas: Borsko — Integration of early veinlets stockwork, cross-cutting relationshi