CEO and Director Ph: 1.604.671.1353

Suite 1400 – 1111 West Georgia St.

Vancouver, BC V6E 4M3

PRESS RELEASE

MONTAN CLARIFIES PREVIOUS NEWS RELEASE

Vancouver, BC, October 28, 2015 – Montan Mining Corp. (TSXV: MNY) (FSE: S5GM) (SSE: MNYCL) (the “Company” or “Montan”) wishes to clarify that in its previous news release issued on October 21, 2015, $37,750 of the private placement was paid by extinguishing debt owed by Montan. The warrants issued pursunt to the debt settlement expire one year after closing. All other details of the news release dated October 21, 2015 remain in effect.

MONTAN MINING CORP.

Ian Graham CEO and Director Ph: 1.604.671.1353 Email: [email protected]

About Montan Mining Corp.

Montan Mining Corp. (TSXV: MNY) (FSE: S5GM) is positioned for growth in Peru through the acquisition and development of advanced and/or cash flow mining opportunities. Montan is backed by an experienced and high-energy management team with diverse technical, market and finance strengths and expertise and is supported by committed and sophisticated investors focused on building value for the long term.

For more information, please visit the corporate website at http://www.montanmining.ca or contact:

Investor Contacts:

Ward Kondas Corporate Development Ph: +1 778 918 8384 Email: [email protected]

Peru / South America:

Luis Zapata Executive Chairman Peru: + 51 980 782 111 Canada: 1.604.358.1382 Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.