Dr. Jamil Sader reports

MONUMENTAL MINERALS CORP. WELCOMES UPDATE FROM CHILEAN GOVERNMENT

Monumental Minerals Corp. applauds the recent statements from Chile's President, Gabriel Boric, in respect to its goal of advancing its lithium industry through a public/private initiative.

Monumental Minerals is at the forefront of supporting local Chilean communities and adding to the Chilean economy. The company is grateful to be aligned to Chile and the boosting of the domestic economy via the development of the lithium industry, which will be positive for the company, its Chilean employees and contractors, as well as its stakeholders.

Additionally, the management team of Monumental unanimously welcomes the news that the government of Chile plans to not terminate current contracts and the company views this statement as having a positive impact on the industry. Management of the company continues to periodically purchase shares of the company, including today in support of this news.

Dr. Jamil Sader, chief executive officer, comments: "Although we haven't seen the full details, I am delighted we now have a route map established for public/private partnerships. Everyone will have skin in the game so there will be a stronger push to get projects in Chile over the line. There is a lot to discuss and plan in respect to lithium for coming weeks and we look forward to reporting back in due course and informing investors and stakeholders on how positive this could be for MNRL."

About Monumental Minerals Corp.

Monumental Minerals is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in the critical and electric metals sector. The company's flagship asset is the Jemi heavy rare earth element project located in Coahuila, Mexico, near the Texas, United States, border which the company has an option to acquire 100 per cent of the 3,650-hectare project. The company has an option to acquire a 75-per-cent interest and title to the Laguna cesium-lithium brine project located in Chile and a 50.01-per-cent interest in the Salar De Turi lithium project in Chile.

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