Antony Harwood Reports Equity Interest in Montero Mining and Exploration Ltd.

FOR IMMEDIATE RELEASE

Antony Harwood Reports Equity Interest in Montero Mining and Exploration

Ltd.

Toronto, Ontario, July 10, 2017 – Antony Harwood (“ Dr. Harwood ”), the President, Chief

Executive Officer and Director of Montero Mining and Exploration Ltd. (the “ Corporation”) and

certain entities over which he has direction and beneficial interests in, namely, Global Mining

Services Ltd. and Zander Investing Limited , have acquired Special Warrants of the Corporation

which were issued pursuant to a Debt Settlement which was announced by the Corporation in a press

release dated July 7, 2017.

Each eight (8) Special Warrants are exercisable into one (1) common share if the Corporation

completes a share consolidation on the basis of eight (8) pre -consolidated common shares for (1)

post-consolidation common share on or before September 30, 2017.

Prior to the Debt Settlement, D r. Harwood owned, or exercised control or direction or ha d beneficial

interest over 10,031,277 common shares, representing 11.84% of th e issued and outstanding common

shares of the Corporation.

Pursuant to the Debt Settlement, D r. Harwood personally acquired 220,320 Special Warrants. In

addition, Global Mining Services Limited and Zander Investing Limited acquired 8,829,840 Special

Warrants and 7,507,520 Special Warrants respectively. Following the Debt Settlement and upon the

share consolidation being completed, Dr. Harwood will own, or exercise control or direction or have

beneficial interest over 3,323,620 common shares, representing 18.09% of the issued and outstanding

common shares of the Corporation.

The Special Warrants acquired pursuant to the Debt Settlement are being held for investment purposes

only, however, and depending on market and other conditions, D r. Harwood may from time to time in

the future increase or decrease his ownership, control or direction over common shares of the

Corporation through market transactions, private agreements, or otherwise.

As a result of the Debt Settlement, the number of common shares Dr. Harwood will beneficially own,

or exercise control or direction or have beneficial over of the Corporation following the completion of

the share consolidation will increase by more than 2% . I n satisfaction of the requirements of the

National Instrument 62 -104 – Take-Over Bids And Issuer Bids and National Instrument 62 -103 – The

Early Warning System and Related Take -Over Bid and Insider Reporting Issues, an Early Warning

Report respecting the acquisitions of Special Warrants by Dr. Harwood and certain entities over which

he has direction and control over will be filed under the Corporation’s SEDAR Profile at

www.sedar.com.

For more information, contact:

Antony Harwood

P.O. Box 154

Bedfordview Gauteng,

2008, South Africa

Tel.: + 27 11 6160784

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information

contained herein.