Monumental Minerals Receives Ayquina-Turi Indigenous Community Approval FOR Exploration Drilling Land Access ON the Salar de Turi Project, Lithium Triangle, Chile
MONUMENTAL MINERALS RECEIVES AYQUINA-TURI INDIGENOUS
COMMUNITY APPROVAL FOR EXPLORATION DRILLING LAND ACCESS ON
THE SALAR DE TURI PROJECT, LITHIUM TRIANGLE, CHILE
News Release - Vancouver, British Columbia February 6, 2023: Monumental Minerals Corp.
(“Monumental Minerals” or the “ Company”) ( TSX-V: MNRL; FSE: BE5; OTCQB: MNMRF) is
pleased to announce the signing of an agreement with the Ayquina -Turi Indigenous Community for land
and exploration access at the Salar de Turi lithium project (the “Turi Project“). Turi is located about 60
km northeast from the city of Calama, Chile, within the lithium triangle.
Dr. Jamil Sader, CEO comments:
“Monumental Minerals is committed to a respectful, transparent and a mutually benefi cial
relationship with the Ayquina – Turi Indigenous Community and we thank them for permitting
us to explore and drill on their ancestral lands. It has been a pleasure working with the
community, and we look forward to continuing to strengthen our relatio nship. Social
governance and community engagement is a key Monumental Minerals ’ policy, and we pledge
to work with all stakeholders.”
The Ayquina-Turi Community comments:
"The Ayquina -Turi Community has reached an agreement with Monumental Minerals to
continue the drilling of two wells in the Salar de Turi. This agreement is made in the context of
mutual respect of the parties, and the commitment to local indigenous communities, which are
the basis for developing a lasting relationship".
The Turi Project is situated within the prolific lithium triangle, a zone within the central Andes high desert
that includes Chile, Argentina, and Bolivia. This zone is estimated to contain more than half of the world’s
lithium supply beneath the many sa lt flats, also known as salars, that are common to the region. The Turi
Project is comprised of 40 exploration concessions totaling 8,500 hectares, 100% owned by Lithium Chile
Inc. (TSX -V: LITH) through its wholly owned Chilean subsidiary Minera Kairos Chi le Limitada .
Monumental Minerals has the option to acquire a 50.01% interest and title in and to the Turi Project. The
Turi Project is accessible from the city of Calama (60 km to the southwest) via the paved roads 21CH, and
B-165 and is close to infrastru cture. Travel time from Calama to the Turi Project is approximately 1 hour
(see news releases dated October 6, 2022 and August 23, 2022 for additional details and map).
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 Heavy Rare Earth Element 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
also has an option to acquire a 75% interest and title to the Laguna Blanca project located in Chile and an
option to acquire a 50.01% interest and title to the Turi Project.
On behalf of the Board of Directors,
/s/ “Jamil Sader”
Jamil Sader, Chief Executive Officer and Director
Contact Information:
Dr. Jamil Sader, CEO
Email: [email protected]
Mr. Maximilian Sali, VP Corporate Development
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 “forward‐looking information or statements” within the meaning of applicable securities
laws, which may include, without limitation, potential exploration activities on the Turi Project, relations with
Ayquina-Turi Indigenous Community, 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 th e Company expects to occur, are forward -looking statements.
Although the Company believes the expectations 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 and information are based on numerous
assumptions regarding present and future business strategies and the environment in which the Company will operate
in the fut ure, 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 those filed under the Company’s profile on SEDAR
at www.sedar.com. 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, general economic, market, business conditions, failure
to maintain all necessary government permits, equipment failures, adverse weather and climate events, the impact of
Covid-19 or other viruses and diseases on the Company’s ability to operate, decrease in the price of rare earth elements,
lithium, cesium and other metals, restriction on labour and international travel and supply ch ains, approvals and
authorizations, and failure to maintain community acceptance (including Indigenous peoples). The Company does not
undertake to update forward‐looking statements or forward‐looking information, except as required by law.