Mr. Teo Dechev reports

MUNDORO ANNOUNCES STRATEGIC INVESTMENT BY CENTERRA GOLD

Mundoro Capital Inc. has entered into a subscription agreement and an investor rights agreement (IRA) dated Nov. 5, 2026, with Centerra Gold Inc. (TSX: CG) (NYSE: CGAU), under which Centerra (or an affiliate of Centerra) will make an equity investment in Mundoro by way of a private placement. On closing, Centerra, directly or indirectly, will hold 9.9 per cent of Mundoro's issued and outstanding common shares.

• Private placement shares and price: 12,374,000 common shares of Mundoro at 33 cents per share;

• Gross proceeds: approximately $4.08-million;

• Ownership: Centerra will hold 9.9 per cent of Mundoro's issued and outstanding common shares on closing;

• Expected closing: on or about Nov. 27, 2026, subject to the satisfaction of closing conditions, including receipt of all required corporate and regulatory approvals and acceptance of the TSX Venture Exchange;

• Hold period: four months and one day from the closing date;

• Use of proceeds: exploration on the company's non-partnered projects and general working capital

Completion of the private placement is subject to customary closing conditions, including the receipt of all necessary corporate and regulatory approvals, including acceptance of the TSX-V. No finders' fees or commissions are payable in connection with the private placement. Following closing, Centerra will not be an insider or control person of Mundoro, as those terms are defined in TSX-V policies.

The IRA sets out certain rights for a shareholder of its size, including the right to participate in future equity financings to maintain its ownership in Mundoro.

Timok 2026 exploration results and BHP option update

In a separate news release issued today, Mundoro reported its 2026 exploration results in the Timok magmatic complex, Serbia, and an update on its option agreements with BHP, including the continuation of BHP's options over the Trstenik and South Timok programs and Mundoro regaining the Central Timok and Borsko licences, with five drill-ready porphyry targets. The eight licences that make up the Central Timok and Borsko programs remain 100 per cent owned by Mundoro and, on termination, will be free of the BHP options. The company intends to seek one or more new partners for these licences.

About Mundoro Capital Inc.

Mundoro is a Canadian mineral acquisition, exploration, development and investment company with a portfolio of mineral properties focused primarily on base and precious metals.

We seek Safe Harbor.