Montero Grants Stock Options to Board of Directors and Management
MONTERO GRANTS STOCK OPTIONS TO
BOARD OF DIRECTORS AND MANAGEMENT
Toronto, Ontario – 21 December 2020 – Montero Mining and Exploration Ltd. (TSX-V: MON) has granted incentive
stock options to the Board of Directors, Management and consultants.
Subject to regulatory approval, Montero has granted 1,672,500 Stock Options to the Board of Directors,
Management and consultants pursuant to the Corporation's incentive Stock Option Plan. The stock options are
exercisable for a period of five years from the date of issuance at an exercise price of $0.35 per share.
About Montero
Montero is a junior exploration company focused on advancing the Isabella Gold Silver Project in Chile. The
Company is in the process of relinquishing its portfolio of battery metal projects in Africa with a focus on gold
opportunities in Chile. Montero’s board of directors and management have an impressive track record of
successfully discovering and advancing precious metal projects. Montero trades on the TSX Venture Exchange
under the symbol MON and has 38,547,485 shares outstanding.
For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: [email protected] Tel: +1 416 840 9197 | Fax: +1 866 688 4671 www.monteromining.com
Neither 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 release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This News Release includes certain "forward-looking statements"
which are not comprised of historical facts. Forward looking statements include estimates and statements that describe the Company’s future
plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature
they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the
Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with
forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the
Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources,
exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could
cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral
resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a
production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating
to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks
involved in the mineral exploration and development industry, an inability to complete the Offering on the terms or on the timeline as
announced or at all, 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,
and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors
used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than as required by law.