Ms. Michelle DeCecco reports

MONUMENTAL ENERGY ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT FINANCING

Monumental Energy Corp. has closed its previously announced oversubscribed non-brokered private placement, consisting of 16.2 million units of the company at a price of five cents per unit for aggregate gross proceeds of $810,000. Each unit comprises one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder thereof to purchase one additional common share of the company at a price of eight cents per share until Nov. 18, 2028.

In connection with the private placement, the company paid in consideration of the services rendered by certain finders an aggregate cash commission of $38,850 and issued an aggregate of 777,000 non-transferable common share purchase warrants. Each finder warrant entitles the holder thereof to purchase one additional common share of the company at the issuer price until Nov. 18, 2028.

The company intends to use the net proceeds of the private placement to finance cost overruns on Copper Moki 1 oil and gas well, to finance the costs and expenses to formally enter into and finance additional workover projects with New Zealand Energy Corp. and L&M Energy, and for general working capital purposes and corporate expenses.

The shares, warrants and finder warrants issued pursuant to the private placement are subject to a hold period of four months and one day from the closing of the private placement in accordance with applicable Canadian securities laws.

About Monumental Energy Corp.

Monumental Energy is an exploration company focused on the acquisition, exploration and development of properties in the critical and clean energy sector as well as investing in oil and gas projects. The company owns securities of New Zealand Energy and entered into a call option and royalty agreement on the Copper Moki wells with New Zealand Energy. The company also has an option to acquire a 75-per-cent interest and title to the Laguna cesium-lithium brine project, located in Chile. The company holds a 2-per-cent net smelter return royalty on Summit Nanotech's share of any future lithium production from the Salar de Turi project.

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