Montan Announces Effective Date for Share Consolidation

Vancouver, BC, April 30, 2018 – Montan Mining Corp. (TSXv: MNY) (FSE: S5GM) (the “Company” or “Montan”) announces that further to its News Release of February 21, 2018, the TSX Venture Exchange has approved the consolidation of the common shares of the Company (each, a “Share”) on the basis of three (3) pre-consolidation Shares for one (1) post-consolidation Share (the “Consolidation”). The Consolidation will become effective at the opening of the market on May 2, 2018. The Company’s symbol will remain as “MNY”.

Currently, a total of 84,316,346 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 28,105,448 Shares would be issued and outstanding, subject to adjustments for rounding. There is no maximum number of authorized Shares. TSX Trust Company. (“TSX Trust”) will mail letters of transmittal to the shareholders providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to TSX Trust in accordance with the instructions in the letter of transmittal.

About Montan Mining Corp.

Montan Mining Corp. is an emerging gold producer focusing on monetizing mining assets in Peru. The company is backed by an experienced management team with diverse technical, market, and finance expertise and is supported by committed and sophisticated investors focused on building long term value for shareholders.

MONTAN MINING CORP.

Ian Graham CEO and Director Ph: 1.604.671.1353 Email: [email protected] For more information, please visit the corporate website at http://www.montanmining.ca or contact:

Investor Contact:

Luis F. Zapata Executive Chairman Tel: +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.