Montero Announces Repricing of Stock Options

TORONTO, July 15, 2025 (GLOBE NEWSWIRE) -- Montero Mining and Exploration Ltd. (TSX-V: MON) (OTCPK: MXTRF) (“Montero” or the “Company”) announces that the board of directors have approved the repricing of the exercise price of an aggregate of 741,667 outstanding incentive stock options (the “Stock Options”) to purchase common shares of the Company (the “Shares”) from between $1.98 and $2.04 per common share to $0.30 per common share. 675,000 Stock Options expire on September 4, 2029, and 66,667 Stock Options expire on September 5, 2029. The expiry dates of the Stock Options have not been amended.

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