News Releases

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2011

16 November Montero identifies an Inferred Mineral Resource of 32.8 M tonnes grading 7.15% P2O5, capable of producing an acid-grade phosphate concentrate of 33% P2O5 to 35% P2O5 at the Duyker Eiland Project, South Africa
15 November Montero announces infill drilling results of 11.7m at 7.35% TREO at the Wigu Hill Rare Earth Project in Tanzania
10 November Montero announces closing of acquisition of Phosphate Assets in South Africa
2 November Montero appoints David Hodgson to the Board of Directors
24 October Montero's NI 43-101 Resource Estimate on the Wigu Hill Rare Earth Project in Tanzania filed on SEDAR
20 October Montero appoints Grant Pierce as Country Manager in Tanzania
14 October Montero announces proposed acquisition of Phosphate Assets in South Africa
11 October Montero establishes an average of 10.43% TREO in 55 grab samples from the NE Zone of Nyati at the Wigu Hill Rare Earth Project, Tanzania
4 October Montero increases its interest to 70% in Wigu Hill REE Project in Tanzania.
28 September Montero retains Renmark Financial Communications Inc.
12 September Montero identifies initial mineral resource of 3.3M tonnes grading 2.6% LREO5 including 510,000 tonnes averaging 4.4% LREO5 on the eastern ridge of the Wigu Hill Rare Earth Project, Tanzania
8 September Montero identifies a massive new zone with bastnaesite over 256m at 0.6% TREO at the Tumbili target at the Wigu Hill Rare Earth Project, Tanzania
3 August Montero announces closing of $5.89 Million non-brokered Private Placement
26 July Montero announces increase of offering up to $5.8 Million
14 July Montero announces refiling of Interim Financial Statements for Q1 2011 with additional IFRS Disclosure
8 July Montero announces Board changes
7 July Montero drilling targets high grade Rare Earth Tumbili Zone at the Wigu Hill Project, Tanzania
5 July Montero and Korea Resources Corporation (Kores) sign a Memorandum of Understanding on cooperation of the Wigu Hill Rare Earth Element Project
5 July Montero announces a $5 Million non-brokered Private Placement
23 June Montero announces the appointment of a Sustainability Manager at its Wigu Hill Rare Earths Project
22 June High Grade trenching and drill results returns 9.27% TREO over 6.45m including 15.48% TREO over 2.0m and 5.66% TREO over 2.84m, respectively, at Wigu Hill Rare Earth Project, Tanzania
16 May Montero drilling returns 6.23% TREO over 20.84 metres, including 11.51% TREO over 4.51 metres and 16.68% TREO over 1.39 metres at Wigu Hill
18 April Montero and Mintek sign agreement to advance Rare Earth process research and metallurgical studies on the Wigu Hill REE Project, Tanzania
11 April Montero trenching returns 4.35 metres of 17.33% TREO at Wigu Hill Rare Earth Project, Tanzania
15 February Montero Common Shares listed on TSX Venture Exchange
10 February Montero closes Initial Public Offering