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Monterey Minerals Announces Appointment to the Board of Directors

Management Changes

Monterey Minerals Announces

Appointment to the Board of Directors

TORONTO, ON - December 12, 2019 - Monterey Minerals Inc. (the “Company” or “Monterey”)

(CSE: MREY) is pleased to announce the appointment of David Lees to the Company’s Board of

Directors.

Mr. Lees has over 20 years’ experience in the financial services industry, beginning his career as

a stockbroker before moving into investment and funds management, with a primary focus on

natural resources. These roles have given Mr. Lees extensive experien ce with capital raising,

business development, portfolio management, business relationships and corporate

governance. He currently serves as a non-executive director of ASX-listed Sultan Resources Ltd.

(ASX: SLZ). David’s education qualifications include a Bachelor of Economics and post graduate

diploma in Applied Finance and Investment. Mr. Lees has assumed the role of Chairman of the

Audit Committee.

Samuel “Kyler” Hardy has resigned from the Board and the Company would like thank Mr. Hardy

for his service to the Company and wish him well in his future endeavors.

President and CEO, James Macintosh stated “We look forward to utilizing David’s extensive

experience in the capital markets and working together in building future success for Monterey.

Welcome to the team!”

About Monterey Minerals Inc.

The Company owns 100% of the Cobalt Mountain Property (the “Property”) in the Omine ca

Mining Division of British Columbia near the town of Smithers. The Company’s NI 43 -101, on

SEDAR, notes historic sampling on the Property that returned mineralized showings of gold,

silver, copper, zinc and cobalt. The Company also has 992 sq. km. of prospective Pilbara Basin

tenements on the eastern flank of the Pilbara Basin in Western Australia, including a property

that abuts Pacton Gold’s tenement where gold-bearing conglomerates were identified.

For more information, contact investor relations at [email protected]

On Behalf of the Board of Directors,

James Macintosh

President and CEO

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or

accepted responsibility for the adequacy or accuracy of this press release

This press release may include forward- looking information within the meaning of Canadian securities

legislation, concerning the business of the Company. Forward-looking information is based on certain key

expectations and assumptions made by the management of the Company. Although the Company believes

that the expectations and assumptions on which such forward- looking information is based on are

reasonable, undue reliance should not be placed on the forward-looking information because the Company

can give no assurance that they will prove to be correct. Forward- looking statements contained in this

press release are made as of the date of this press release. The Company disclaims any intent or obligation

to update publicly any forward-looking information, whether as a result of new information, future events

or results or otherwise, other than as required by applicable securities laws.