Focused on Rare Earth Elements.

Montero Mining and Exploration Ltd. Is a mineral exploration and development company engaged in the identification, acquisition, evaluation and exploration of mineral properties primarily focused on rare earth elements (REE), phosphates and uranium in Tanzania, South Africa and Quebec, Canada respectively.

We remain engaged in the development of our flagship Wigu Hill Rare Earth Element Project in Tanzania, which is a high-grade, undeveloped Light Rare Earth Element deposit. The Company’s current focus is on updating our initial NI 43-101 compliant resource and advancing the hydro-metallurgical testwork with Mintek. Montero has a fast-track strategy to advance a portion of the Wigu Hill deposit to the mining and production stage in the short-term.

Rare Earth Elements (REEs) - a group of 15 metals are critical in the advancement and development of emerging "green" technologies and high-tech applications such as electric and hybrid vehicles, wind and hydro power turbines, energy efficient lighting, LCD screens, MRI, x-ray machines and neodymium-based magnets crucial to ear-buds, MP3 Players, microphones, mobile devices and other computing equipment. With the rising prices of REE’s and China's dominance over supply and control over export quotas, it is becoming imperative that the rest of the world develops new rare earth resources to meet the increasing demand from “green” technology.

Montero’s growth strategy is to develop the Wigu Hill Rare Earth Element project and to bring this to account by eventual rare earth production and cash flow. Montero plans to operate in an environmentally and socially responsible manner, adding value to all stakeholders. Montero has 52M shares outstanding and trades on the TSX Venture Exchange under the symbol MON.

3D Drill Tour examines Montero's Wigu Hill Rare Earth Project in Tanzania from Montero Mining & Exploration Ltd

Highlights

• Initial NI 43-101 Resource Estimate on 2 of 10 drill targets (3.3Mt @ 2.6% LREO5 including 510k @ 4.4% LREO5 (see news release 12/09/2011) at our flagship Wigu Hill Project in Tanzania which hosts high TREO grades and enriched in La, Ce and Nd - key metals in the Green Energy Economy. Click the download the NI-43-101 Report
• Initial Inferred Mineral Resource of 32.8 M tonnes grading 7.15% P₂O₅, capable of producing an acid-grade phosphate concentrate of 33% P₂O₅ to 35% P₂O₅ at the Duyker Eiland Project in South Africa, one of the phosphate assets Montero acquired. (see news release 10/11/2011)
• Focussed on fast-tracking our Wigu Hill Rare Earth Element Project to the mining and production phase.
• Experienced management team with over 30 years of working in Africa
• Montero commenced trading on February 15, 2011, on TSX Venture Exchange (MON.V)
• Social responsibility and environmental stewardship corporate cornerstones