OR Dissemination IN the United States/
Montero Awards Stock Options
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
Toronto, Ontario – September 4 , 2024 – Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the
“Corporation”) has granted 4,050,000 stock options (the “ Options”) to the Board of Directors, Management, and
consultants pursuant to the C orporation's incentive Stock Option Plan. The Options have an exercise price of $0.33 and
have a five-year term. The award of Options is subject to regulatory approval.
Dr. Tony Harwood, President and CEO of Montero, commented : “I would like to thank the directors, management, and
consultants for their unwavering assistance over the past years.”
About Montero
Montero is currently in arbitration proceedings before the International Centre for Settlement of Investment Disputes
(ICSID) seeking in excess of CDN$90 million in damages from the United Republic of Tanzania over the expropriation of the
Wigu Hill rare earth element project . Montero is also seeking a joint venture partner to advance its Avispa copper-
molybdenum project in Chile. Montero trades on the TSX Venture Exchange under the symbol MON and has 50,122,975
shares outstanding.
For more information, contact:
Montero Mining and Exploration Ltd.
Dr. Tony Harwood, President and Chief Executive Officer
E-mail: [email protected]
Tel: +1 604 428 7050
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 information" within the
meaning of applicable Canadian securities laws. Forward looking information includes, but is not limited to, statements, proj ections and estimates with
respect to the Options. Generally, forward-looking information can be identified by the use of forward -looking terminology such as “plans”, “expects” or
“does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anti cipate”, or “believes”, or
variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “wi ll be taken”, “occur” or “be
achieved”. Such information is based on information currently available to Mo ntero and Montero provides no assurance that actual results will meet
management's expectations. Forward-looking information by its very nature involves inherent risks and uncertainties that may cause the actual results,
level of activity, performance, or achievements of Montero to be materially different from those expressed or implied by such forward-looking information.
Actual results relating to, among other things, completion of the agreement, results of exploration, project development, reclamation and capital costs of
Montero’s mineral properties, and financial condition and prospects, could differ materially from those currently anticipated in such statements for many
reasons such as: an inability to complete the agreement on the terms as announced or at all; changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; technological and operational difficulties encountered in connection with Montero’s activities; and other matters discussed in this news
release and in filings made with securities regulators. This list is not exhaustive of the factors that may affect any of Montero’s forward-looking statements.
These and other factors should be considered carefully and accordingly, readers should not place undue reliance on forward-looking information. Montero
does not undertake to update any forward-looking information, except in accordance with applicable securities laws.