Bullion Monarch Mining, Inc. Reaches an Agreement with Dourave Mineracao & Exploracao Mineral LTDA.OREM, Utah Orem is an incorporated town in the north-central part of the state of Utah in Utah County. It is adjacent to Provo, Lindon, and Vineyard and is about 45 miles south of Salt Lake City. As of the 2000 census, the city had a total population of 84,324. -- Bullion Monarch Mining, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BULM) (www.bullionmm.com), a natural resource company with mining interests in gold, silver, and oil shale oil shale Any fine-grained sedimentary rock that contains solid organic matter (kerogen) and yields significant quantities of oil when heated. This shale oil is a potentially valuable fossil fuel, but the present methods of mining and refining it are expensive, damage the , is pleased to announce it has reached an agreement with Dourave Brazil. Dourave Brazil is 99.9% owned by Dourave Mining and Exploration, Inc., a corporation organized under the laws of Canada ("Dourave Canada"). Bullion will pay two million USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. for a one third interest in the Bom Jesus and Bom Jardine mining properties with a first right of refusal on future projects. Dourave will use the funds to continue exploration on the previously referenced properties which have already shown promising results. These properties are located in Northern Brazil, in the State of Para, in an area that has been reported to have had substantial gold production from low tech, independent miners. R. Don Morris, President of Bullion Monarch Mining Inc., stated, "We are very excited about the prospects of these properties. There has been a lot of gold taken by hand over the years and the preliminary geology indicates the possibility of a significant ore body on each property. Our partner, Dourave, is an extremely capable exploration company with all of the expertise needed to bring a mine into production. We believe this is the first step in a relationship that could be very profitable for both parties for years to come." Bullion Monarch Mining, Inc. is traded on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol "BULM." For more information on this or other projects Bullion Monarch is currently involved with, log on to our website at www.bullionmm.com. Forward-Looking Statements Forward-looking statements in the press release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. |
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