Monumental Minerals and Lithium Chile Increase the Land Package of the Salar de Laguna Blanca Project BY 130% to 12,425 Hectares IN the Lithium Triangle, Chile
MONUMENTAL MINERALS AND LITHIUM CHILE INCREASE THE LAND
PACKAGE OF THE SALAR DE LAGUNA BLANCA PROJECT BY 130% TO 12,425
HECTARES IN THE LITHIUM TRIANGLE, CHILE
News Release - Vancouver, British Columbia October 18, 2022: Monumental Minerals Corp.
(“Monumental” or the “ Company”) ( (TSX-V: MNRL; FSE: BE5; OTCQB: MNMRF) is pleased to
announce the addition of 7,025 hectares of land around the current 5 ,400 hectares at the Salar de Laguna
Blanca Lithium-Brine, Cesium-Sediment project located in the prolific lithium triangle, Chile. The Laguna
Blanca property now consists of exploration concessions totaling 12,425 hectares, 100% owned by Lithium
Chile Inc. through its wholly-owned Chilean subsidiary Minera Kairos Chile Limitada (“Minera Kairos”)
(Fig. 1).
Figure 1. Location of the original Laguna Blanca exploration claims (blue outline) and the recently staked claims within the 5 km area
of influence (black outline).
Lithium Chile staked an additional 9,600 hectares and a large portion (73%) of this newly staked area falls
under an area of influence “AOI” of 5 km as per the Definitive Agreement between Monumental Minerals
and Lithium Chile signed on March 31, 2022. Monumental Minerals believes that the most important area
of the additional 9,600 hectares staked by Lithium Chile is within the 5 km radius . Monumental Minerals
retains the option to earn up to a 75% interest in these additional concessions under the current terms of the
Definitive Agreement between Monumental Minerals and Lithium.
The Laguna Blanca Project is within the eastern Andean Geomorphic Belt of Chile’s Central Andean Altiplano
and is located 120 km from the Salar de Atacama, the largest producing salar in the world. The felsic volcanic
rocks of the Central Andean Altiplano are enriched in Li and Cs. Seasonal rain and snow melt leaches and
transports Li, Cs, Ca, Na, Mg, K, and B into the enclosed Laguna Blanca salar. With no outlets, evaporation
concentrates these elements within the salar brines.
Dr. Jamil Sader, CEO and Director comments
“We are very excited to have expanded our Laguna Blanca Salar land position, as well as our partnership
with Lithium Chile. With the additional exploration concessions , the Project now encompasses a
significantly larger part of the salar basin, and will further enhance and extend our lithium brine
exploration activities in this highly prospective region.”
Qualified Person
The scientific and technical information contained in this news release has b een reviewed and approved
by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB,
a Director of the Company and a “Qualified Person” as defined in National Instrument 43-101 – Standards
of Disclosure for Mineral Projects.
About Monumental Minerals Corp.
Monumental Minerals Corp. is a mineral exploration company focused on the acquisition, exploration, and
development of mineral resource properties in the critical and electric metals sector. The Company’s
flagship asset is the Jemi HREE project located in Coahuila, Mexico near the Texas, USA border which the
Company has an option to acquire 100% of the 3,650-hectare project. The Company has an option to acquire
a 75% interest and title to the Laguna Blanca project located in Chile ; and the Company has an op tion to
acquire a 50.01% interest and title to the Turi project located in Chile.
On behalf of the Board of Directors,
/s/ “Jamil Sader”
Jamil Sader, Chief Executive Officer and Director
Contact Information:
Email: [email protected]
Or
Maximilian Sali, VP Corporate Development and Director
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.
Forward Looking Information
This news release contains “forward‐looking information or statements” within the meaning of applicable securities
laws, which may include, without limitation, the potential plans for the Company’s projects, the exploration plans on
the Company’s projects, other statements relating to the technical, financial and business prospects of the Company,
its projects and other matters. All statements in this news release, other than statements of historical facts, that address
events or developments that the Company expects to occur, are forward-looking statements. Although the Company
believes the expect ations expressed in such forward -looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may differ materially from those in the forward-
looking statements. Such statements are bas ed on numerous assumptions regarding present and future business
strategies and the environment in which the Company will operate in the future, including the price of metals, the
ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner
and that financing will be available if and when needed and on reasonable terms. Such forward -looking information
reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions,
including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent
uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks
filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are
considered reasonable by the management of the Company, they are inherently subject to significant business,
economic, co mpetitive and regulatory uncertainties and risks . Factors that could cause actual results to differ
materially from those in forward looking statements include, but are not limited to, continued availability of capital
and financing and general economic, market or business conditions, failure to secure pe rsonnel and equipment for
work programs , adverse weather and climate conditions, risks relating to unanticipated operational difficulties
(including failure of equipment or processes to operate in accordance with specifications or expectations, cost
escalation, unavailability of materials and equipment, government action or delays in the receipt of government
approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and
environmental matters) , risks relating to inaccurate geological assumptions , failure to maintain all necessary
government permits, approvals and authorizations, failure to obtain surface access agreements or understandings from
local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of Covid-19 or other
viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-
19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities,
capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of rare
earth elements, lithium, cesium and other metals, loss of key employees, consultants, or directors, failure to maintain
community acceptance (including from the Indigenous communities) , increase in costs , litigation, and failure of
counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking
statements or forward‐looking information, except as required by law.