Montero Mining and Exploration Ltd announced non-brokered private placement of up to 5,333,334 common shares of the Corporation at a price of CAD 0.15 per common share, for gross proceeds of up to CAD 800,000.1 on December 29, 2023. Completion of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and applicable securities regulatory authorities. The Corporation may pay finders' fees in connection with the Offering in cash or securities, or a combination thereof.

The securities to be issued pursuant to the Offering will be subject to a four month and one day statutory hold period from the date of issuance. Harwood is an insider of the Corporation, and accordingly, the issuance of common shares to an insider in connection with the Debt Settlement will be considered a ?related party transaction? within the meaning of Multilateral Instrument.