Mundoro Mining Inc.

Mundoro Mining Inc.

March 22, 2005 08:14 ET

Mundoro Appoints Patrick Downey to Board of Directors


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: MUNDORO MINING INC.

TSX SYMBOL: MUN

MARCH 22, 2005 - 08:14 ET

Mundoro Appoints Patrick Downey to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2005) - Mundoro
Mining Inc. (TSX:MUN) is very pleased to announce the appointment of Mr.
Patrick Downey, P.Eng. to the Company's board of directors effective
March 16, 2005.

Mr. Downey has over 20 years of experience in the resource industry on
four continents. He is President, CEO and Director of Viceroy
Exploration Ltd, a TSX-V listed company actively exploring and
developing properties in Argentina. Previously, Mr. Downey was President
of Consolidated Trillion Resources Ltd. and Oliver Gold Corporation, and
held Project Engineer positions on several large-scale gold mining
operations including La Coipa in Chile and Placer Dome's Misima and
Porgera mines in Papua New Guinea while Vice President of Rescan
Engineering Ltd. and Project Manager for Kilborn Engineering Ltd.. Prior
to these Canada-based positions Mr. Downey held operating engineering
positions at several mining projects for Anglo American Corporation in
South Africa.

The appointment of Mr. Downey further strengthens the mine engineering,
development and operations expertise of the board as Mundoro advances
the Maoling Gold Project, China through the feasibility and permitting
stages towards production.

About Mundoro Mining Inc.

Mundoro Mining Inc. is a company focused on the exploration and
development of the large-scale, pre-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
aggressively exploring the 20 square kilometer exploration license area.
Thus far, three deposits that outcrop at surface have been outlined with
Indicated Resources of 81.6 million tonnes at 1.2 grams/tonne (3.0
million ounces of gold) and Inferred Resources of 100.4 million tonnes
at 1.1 grams/tonne (3.5 million ounces). The resource estimates
calculated by AMEC Americas Ltd. are presented using a 0.75 grams gold
per tonne cut-off grade. Disseminated, free-milling gold mineralization
at Maoling occurs within a sequence of altered metasediments and is
associated with sheeted quartz vein and sulphide mineralization.
Metallurgical testing has indicated gold recoveries averaging 94% using
conventional milling / CIL processing methods. AMEC is now conducting a
pre-feasibility study on Maoling that is expected to be completed in the
second quarter of 2005.

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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Mundoro Mining Inc.
    Colin H. McAleenan
    Chairman and CEO
    (604) 669-8055
    or
    Mundoro Mining Inc.
    Cyrus Ameli
    Vice President, Communications
    (604) 669-8055
    info@mundoro.com
    www.mundoro.com
    The TSX has neither approved nor disapproved of the information
    contained herein.