Mundoro Mining Inc.

Address:	Suite 702, 543 Granville Street Vancouver, B.C. Canada V6C 1X8
Tel No.:	(604) 669-8055
Fax No.:	(604) 669-8056
Web Site:	www.mundoro.com
Corporate Email:	info@mundoro.com
Contact Person:	Cyrus Ameli
Position:	VP Communications

COMPANY DATA

Traded Market:	TSX
Traded Symbol:	MUN
Outstanding Shares:	38,346,561
52 Week High:	$ 3.40
52 Week Low:	$ 1.42
Present Price:	Click Here

INTRODUCTION

Mundoro Mining Inc. is a TSX listed company focused on the exploration and development of the large-scale, advanced exploration stage Maoling Gold Project in Liaoning Province, north-east China.

Maoling is a pioneering project in many ways. It is the largest gold project in China to be explored by a Sino-Canadian joint venture; is believed to be the largest undeveloped gold deposit in China; and is anticipated to be among the first large-scale mining projects to be licensed under the new mining laws and regulations of China.

For the past four years, Mundoro has been aggressively exploring the project, outlining multi-million ounces Reserves and Resources. A pre-feasibility study was completed in June 2005 demonstrating the economic potential of developing a large-scale open-pit mine at Maoling, establishing a Probable Reserve of 2.8 million ounces of gold. Using a conservative 93% metallurgical recovery rate for Zone 1 ore, the pre-feasibility envisages producing an average of 328,000 ounces of gold per year. The initial mine-life of approximately eight years is expected to be significantly extended in the final feasibility, as more of the project's Resources are converted to Reserves (remaining Zone 1 Indicated Resource of 1.0 million ounces, Inferred Resource of 2.3 million ounces in Zone 1 plus 2.8 million ounces in Zone 4. Mundoro is moving quickly to optimize the design and to expand the overall resource-base for the Definitive Feasibility Study).

MUNDORO IN CHINA

Before forming an agreement to explore and develop the Maoling project, Mundoro reviewed many projects throughout China. Data on Maoling was reviewed in late 1997 when the project was placed on a list of projects that the government has approved for development with foreign investment, and after completion of due diligence sampling and testing, a joint venture agreement was signed with a corporate division of the Liaoning Provincial Government in 2001.

The result was the establishment of a Co-operative Exploration Joint Venture company: Liaoning Tianli Mining Company Ltd., which is the operator of the 20 square-kilometre Maoling property. Under the terms of the joint venture contract, Mundoro will earn 79% of the profits from the joint venture in return for managing and funding the project to production.

Based on an initial drilling program and subsequent Resource estimate, Mundoro completed an initial public offering on the TSX-V in November of 2003, raising $13.0 million, and was soon promoted to the senior TSX exchange.

After an aggressive exploration program that has included more than 63,000 metres of core drilling, Mundoro has successfully completed a resource estimate update and pre-feasibility study and is now proceeding with a Definitive Feasibility Study for Zone 1. Further exploration work is planned for 2006 to delineate the Zone 4 Resource and expand Zone 1, both of which remain open-ended.

THE MAOLING GOLD PROJECT

The Maoling Gold Project is a multi-million ounce gold project that Mundoro is advancing quickly to development and production. Disseminated gold mineralization has been identified in two principal deposit areas at Maoling, known as Zone 1 and Zone 4. Mundoro has collected by far the most information in the Zone 1 deposit through extensive programs of drilling, trenching and mapping. A pre-feasibility study completed in June 2005 has demonstrated the economic potential of developing a large-scale open-pit mine at Maoling while establishing a Probable Reserve of 2.8 million ounces of gold. Mundoro is working to optimize the mine and processing design and to expand the overall resource-base for the full feasibility study, the results of which are expected in mid-2006.

The 20 square kilometer Maoling license area is located approximately 500 kilometres east of Beijing in Liaoning Province, P.R. China. The area is endowed with significant infrastructure, including power, water, telephone and cellular service, and is easily accessed by paved road from either the provincial capital of Shenyang or the city and port city of Dalian, both a short flight from Beijing.

MANAGEMENT

Mundoro Mining Inc. has a well management team with experience in different areas.

Colin H. McAleenan, Chairman and Chief Executive Officer

Robert van Doorn, President and Director

A.L. (Tony) Arias, Chief Financial Officer

Patrick Powers, Vice President, China

James Huan Liu, Chief China Representative

Cyrus Ameli, Vice President, Communications

Allan R. St. James, Manager, Special Projects

Matthew Hughes, Chief Geologist

UPDATE STATUS

As announced on September 6th 2005, the renewal of the business license for Tianli has been delayed. As a result, Tianli's application for renewal of its exploration license, which expired on November 5, 2005, has been deferred pending the issuance of a new business license. Operations have not been impacted by these license delays, which are not uncommon in China's evolving regulatory environment.

Mundoro's management team continues to pursue the renewal of its business and exploration licenses, addressing the issue as part of a multi-level government relations program. They have engaged in a series of productive meetings with officials in both Liaoning and Beijing in an effort to expedite the renewal process, and have been encouraged by the level of local support for the development of the Maoling project. The Company is confident that the licenses will be renewed, and is on course to achieve the next major milestones for the Maoling project.

The Maoling Project's 2005 exploration program has been completed on schedule and work is proceeding to update the Zone 1 Resource Estimate for the definitive feasibility study and Environmental and Social Impact Assessment.

With the issuance of the new exploration license, plans are in place for a minimum 25,000 metre drill program in 2006 to explore the Zone 4 deposit and the western and southern peripheries of Zone 1, in addition to further investigating a possible mineralized link between the two deposits. The significant remaining 'blue sky' potential for the project can significantly expand the project and lengthen its overall mine-life.

Mundoro has assembled a highly qualified professional team in China that is undertaking the Definitive Feasibility Study and preparation of the environmental impact assessments required for project permit applications. This development team has the extensive technical capability and country-specific experience to assist Mundoro to transform what is currently China's largest undeveloped gold resource into China's largest operating gold mine.

· Ausenco Limited (Feasibility Study Process Design and Management) is an international engineering firm that has developed specific mining expertise within China, and is currently involved in the construction of Sino Gold's Jinfeng gold mine in China. Mr. Ivor Whitefield is the Project Manager for Maoling, bringing more than 30 years experience in construction and project management, most recently as Newcrest's site development project manager for the 17 million tonne per year Telfer gold project in Western Australia.

· Golder Associates Pty Limited (Mine and Tailings Facility Design, Hydrology and Geotechnical Studies) is an international group of consultants that are a recognized world leader in the design and management of mine tailings storage facilities. They have previously been involved in the design and construction of the tailings facilities for Sinogold's Jianchaling and Jinfeng gold projects and Eldorado's (Afcan) Tanjianshan project in China.

· Sinosphere Corporation (Environmental Management, Community Engagement & Project Permitting) has been operating in China since 1999, providing expertise in research, strategy development, engineering, environment, health and safety and social sciences. The firm is the representative of the World Business Council for Sustainable Development in China and has undertaken or managed over 1,500 Due Diligence or ESIA projects in a wide variety of industries throughout the country.

· ENFI (Mining Permit Feasibility Study for Chinese Regulatory Authorities) is considered one of the most prestigious engineering groups in Beijing with considerable experience in the design of gold mining operations throughout China.

· Patrick Powers, Vice President, China Operations, has 20 years of experience in international commerce, government relations and trade policy focused primarily on China. For the last six years he has held the position of Vice-President, China Operations for the US-China Business Council, a trade organization providing business advisory and advocacy services to the more than 250 American firms operating in China.

· Intercedent Limited (Business Development) is a business facilitator that has operated in China since 1991, providing companies with advice on market and policy development. Intercedent is assisting Mundoro in government relations and is conducting an awareness program in Liaoning to further build community support for the project.

NEWS UPDATE

On November 11, 2006 Mundoro Mining Inc. has filed its financial and operating results for the third quarter ended Sept 30, 2006. The highlights provided in this release should be read in conjunction wit the company's interim financial statements, and management discussion and analysis, which are available on SEADR.

On October 30, 2006 Mundoro Mining Inc. has made changes to the board of directors of its Chinese joint venture company, Liaoning Tianli Mining Company Ltd. The board of directors of Tianli met the strengthen the commitment by both Mundoro and the joint venture partner Liaoning Aidi Resources Company Ltd., the corporate arm of the Liaoning Geology and Exploration Bureau, to advance the Maoling gold project in China toward production.

On September 11, 2006, Mundoro Mining Inc. announced that Colin McAleenan is resigning as a director, chief executive officer and chairman to pursue other business opportunities. Robert van Doorn, the president of Mundoro, has been appointed CEO. Mr. van Doorn is well versed in Mundoro's strategic direction, most recently as president since February, 2005.

On August 14, 2006, Mundoro Mining Inc. announced its annual financial and operating results for the second quarter ended June 30. 2006, have been files on SEDAR. The highlights provided in this release should be read in conjunction with the Company's interim financial statements, and management's discussion and analysis, which are available on SEDAR files.

On July 24, 2006, Mundoro Mining Inc. provided an update on continuing work to expedite the renewal of its business and exploration licences for the Maoling gold project in Liaoning province, China, as well as on progress in advancing the project toward development and production.

On May 10, 2006, Mundoro Mining Inc. announced that the Company's annual financial and operating results for the first quarter ended March 31, 2006 have been filed on the SEDAR system. 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.

On May 02, 2006, Mundoro Mining Inc. announced that effective May 01, 2006, Mr. A.L. (Tony) Arias has been relieved of his duties as Chief Financial Officer and Corporate Secretary. The Company has commenced a process to recruit a new Chief Financial Officer. Until such time as a permanent Chief Financial Officer has been appointed, Robert van Doorn, Mundoro's President, will assume the role of acting CFO.

On December 19, 2005, Mundoro Mining Inc. reported that additional assay results from its 2005 drilling campaign at the Maoling Gold Project in China confirm a western extension to Zone 1 mineralization. Following the discovery of a western extension to Zone 1 (announced November 3, 2005) several additional holes were drilled to test for continuity of mineralization in this area. Results for two of these holes, MLD194 and MLD200, are now available. MLD200 had one of the best intersections encountered in the 2005 program, 150 metres of 1.80 grams gold per tonne including 38 metres of 2.26 grams gold per tonne.