Montan Mining Announces $400,000 Unit Financing

312317.00003/92147143.5

MONTAN MINING ANNOUNCES $400,000 UNIT FINANCING

Vancouver, BC, September 25th, 2018 – Montan Mining Corp. (TSX -V: MNY | FSE: S5GM |

SSE: MNYC) (“Montan” or the “Company”) is pleased to announce that it has arranged a private

placement financing (the “Financing”) of up to 8,000,000 units at a price of $0.05 per unit for

total gross proceeds of up to $400,000. Each unit consists of one common share and a whole

warrant, with each whole warrant exercisable into one additional common share at $0.06 per share

for one (1) year after the closing date.

The Company intends to use the net proceeds of the Financ ing for expenditure related to

preparations for recapitalising its Cerro Dorado mill and for corporate working capital.

Finders’ fees will be payable to eligible individuals and entities in connection with the Financing

in accordance with the policies of the TSX Venture Exchange. The private placement is subject to

approval of the TSX Venture Exchange.

About Montan Mining Corp.

Montan Mining Corp. is an emerging gold producer focusing on ensuring near term cash flow

from its 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, now anchored by Lions Bay Capital Inc.

On behalf of the Board of Montan.

Ian Graham

CEO and Director

Tel: +1.604.671.1353

Email: [email protected]

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

contact:

312317.00003/92147143.5

Investor Contact:

Luis F. Zapata

Executive Chairman

Tel: +1.604.358.1382

Tel: +51.999.968.827 (Peru)

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.

Cautionary Statement Regarding Forward-Looking Information

This news release contains statements which are, or may be deemed to be, “forward-looking information” which are

prospective in nature. Such information in this news release includes statements regarding the Company's plans to

conduct the Private Placement. Forward-looking information involves known and unknown risks, uncertainties and

other factors which may cause Montan’s actual results, performance or achievements to be materially different from

any future results, performance or achievements expressed or implied by the forward-looking information. Important

risks that could cause Montan’s actual results, performance or achievements to differ materially from Montan’s

expectations include, among other things: failure of the Private Placement to be arranged on the proposed terms or

at all; unanticipated delays in obtaining or failure to obtain regulatory or stock exchange approvals; availability of

capital and financing to maintain the Company's oper ations and plans; general economic, market or business

conditions; regulatory changes; and other risks detailed herein and in Montan’s continuous disclosure filings, which

are available on SEDAR at www.sedar.com. Other than in accordance with regulatory obligations, Montan is not

under any obligation and Montan expressly disclaims any intention or obligation to update or revise any forward-

looking statements, whether as a result of new information, future events or otherwise.