Montero
Mining & Exploration

2018

Montero Announces Closing of $825,000 Non-Brokered Private Placement

Toronto, Ontario – April 27, 2018 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) is pleased to announce that, further to its news releases dated February 5, 2018 and April 10, 2018, it has completed a non-brokered private placement (the “Offering”) of 3,440,849 units (the “Units”) at a price of $0.24 per Unit, for gross proceeds of approximately $825,803. Montero intends to use the net proceeds from the Offering for mineral exploration and working capital purposes. 

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Catch Advisory Group
Montero Announces Repricing of $1,120,000 Non-Brokered Private Placement

Toronto, Ontario – April 10, 2018 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) announced today that it has repriced its non-brokered private placement of up to $1,120,000 originally announced on February 5, 2018 (the “Offering”). The private placement will now consist of up to 4,666,666 units (the “Units”) at a price of $0.24 per Unit, for gross proceeds of approximately $1,120,000. The final closing date, subject to the approval by the TSX Venture (“TSX-V”), will be on or around April 16, 2018.

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Catch Advisory Group
Montero Mining and Exploration Ltd. Announces Extension of Non-Brokered Private Placement

Toronto, Ontario – March 13, 2018 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) announces that it is extending the final closing date of its non-brokered private placement offering (the “Offering”) previously announced on February 5, 2018. The new final closing date, subject to the approval by the TSX Venture (“TSX-V”), will be on or around April 16, 2018.

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Catch Advisory Group
MONTERO ACQUIRES UIS LITHIUM - TIN TAILINGS PROJECT, NAMIBIA

Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) has entered into a binding Heads of Agreement (“HOA”) with Namib Base Minerals CC (“NBM”) and Namibia Silica CC (“NBS”) (collectively the “Owners”) to acquire a 95% interest in the Uis Lithium-Tin Tailings Project (“Project”) in Namibia. The agreement provides Montero two months to complete legal and technical due diligence to its satisfaction and is also subject to regulatory approval.

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Catch Advisory Group
Montero Acquires a Lithium Exploration License in Namibia

Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Corporation”) has entered into a Letter of Intent (“LOI”) with Mr Esegiel Xamseb, a Namibian national, to acquire an 80% interest in the wholly-owned Exclusive Prospecting License 6162 (“EPL 6162” or the “Property”) for exploration of lithium, base, rare and precious metals in the Omaruru lineament hosted Lithium-Cesium-Tantalum Type (“LCT-Type”) pegmatites.

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Catch Advisory Group
Montero Announces $1,120,000 Non-Brokered Private Placement

TORONTO, Feb. 05, 2018 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V:MON) (“Montero” or the “Corporation”) is pleased to announce that it intends to complete a non-brokered private placement of up to 4,000,000 units (“Units”) at a price of $0.28 per Unit, for gross proceeds of approximately $1,120,000 (the “Offering”). Closing of the Offering is expected to occur on or about February 28, 2018.

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Catch Advisory Group
Montero Reports on Historical RC Drill Chip Assaying Which Includes 44 Metres of 0.96% Lithium Oxide at the Soris Lithium Project

TORONTO, Jan. 09, 2018 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V:MON) has completed assaying for lithium of all of the available reverse circulation (RC) chips from a historical RC drill program conducted at the Soris Lithium project.  The prior operator did not assay for lithium. The results have been assessed and positive lithium values from inclined and vertical drill holes have been returned from the spodumene pegmatite intercepts. 

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Catch Advisory Group