Mundoro Appoints Teo Dechev as Chief Financial Officer

Mundoro Appoints Teo Dechev as Chief Financial Officer

Mundoro Mining Inc. (TSX: MUN) is pleased to announce the appointment of Ms. Teo Dechev as Chief Financial Officer and Vice President of Corporate Development effective July 13, 2006.

Ms. Dechev has gained extensive experience in capital markets, most recently as a Vice President in Corporate Finance with Desjardins Securities in Toronto, covering investment banking, mergers and acquisitions, financial analysis and commodities trading with high-profile firms including CIBC World Markets, National Bank Financial, Loewen Ondaatje McCutcheon Limited and Sheridan Platinum Group. Throughout her investment banking career she has directly participated in corporate financings of over half a billion dollars. Ms. Dechev has an MBA from the Schulich School of Business at York University, a Bachelor of Applied Science and Engineering (Geological & Mineral Engineering Program) from the University of Toronto and is a licensed Professional Engineer in Ontario.

”We are very pleased to welcome Ms. Dechev to the Mundoro team,” said Colin H. McAleenan, Mundoro’s Chairman and CEO. ”Her extensive experience in mining finance and business development is well-suited to the stage we are at in executing our growth strategy as we advance the world-class Maoling Gold Project through the permitting, feasibility and development stages.”

About Mundoro Mining Inc.

Mundoro Mining Inc. is a TSX listed resource company focused on the exploration and development of the multimillion ounce, feasibility stage Maoling gold deposit in Liaoning Province, China. The Company has a 79% interest in the project through a Sino- Foreign co-operative joint venture with the corporate arm of the Liaoning provincial government, and has been exploring the 20 square kilometer exploration license area. Thus far, two deposits that outcrop at surface have been outlined at Maoling in which disseminated, free-milling gold mineralization occurs within a sequence of metasedimentary rocks. A pre-feasibility study completed in June of 2005 outlined a Probable Reserve of 2.8 million ounces of gold and demonstrated the economic viability of developing a large-scale open-pit mine on the Zone 1 orebody to produce an average of approximately 328,000 ounces of gold per year for 8 years. The Company has appointed an international team of engineers and environmental experts including Ausenco Limited, Golder Associates Pty Limited, Sinosphere and ENFI to optimize the mine/mill design and to complete the Definitive Feasibility Study that is now well underway. The joint venture company is currently seeking the renewal of its business license in Liaoning. Mundoro’s aim is to build a world-class gold mining operation at Maoling, one that will operate to the highest standards of environmental protection and sustainable development.

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

For further information, please contact: Colin H. McAleenan ”“ Chairman and CEO Cyrus Ameli ”“ Vice President, Communications

t. (604) 669-8055

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