Mr. Ian Graham reports

MONTAN MINING CORP. LISTS ON SANTIAGO STOCK EXCHANGE, CLOSES SECOND TRANCHE OF CONVERTIBLE NOTE PLACEMENT

Montan Mining Corp.'s shares commenced trading on the Santiago Stock Exchange under the symbol MNYCL on Sept. 10, 2015. On the Santiago Stock Exchange, Montan's shares trade in Chilean pesos. This listing offers access to the Latin American Integrated Market (MILA), Latin America's largest stock trading platform. This listing and platform will in time result in the company's shares also being listed in the respective Andean markets of Peru, Colombia and Mexico under the MNYCL symbol. Trading of Montan shares on the Santiago Stock Exchange Venture will be denominated in Chilean pesos. The incorporation of Montan in the venture market of the Santiago Stock Exchange is enabled under the agreement signed on March, 2014, between the Santiago Stock Exchange and TSX Venture Exchange, which allows Canadian securities listed on the TSX-V access to a dual listing on the venture market of the Santiago Stock Exchange. Montan has included significant Latin American shareholders since inception, and the MNYCL listing provides the company with access to investors and new financing opportunities in Latin American capital markets. The MILA integrated platform allows investors in Chile, Peru, Colombia and Mexico to seamlessly trade shares listed on any of the four markets through their local broker and stock exchange.

The company's shares are also currently listed on the Frankfurt Exchange under the symbol S5GM. Luis Zapata, executive chairman of Montan Mining, commented: "We are pleased to list Montan on the Santiago Stock Exchange. This listing gives our Latin American investors greater trading flexibility in their domestic markets and continues our plan to become increasingly vested in Latin America and to enhance participation by investors in these, our host countries."

The company also announces that it has closed the second tranche of its convertible note placement announced on Aug. 25, 2015. The company issued convertible notes in the total amount of $129,069.75. Each note accrues simple interest at 14 per cent per year, which has been prepaid until maturity, being one year from issuance. The principal amount of each note is convertible at any time, at a price of 12.5 cents, into units of the company, with each unit comprising one common share and one common share purchase warrant. Each warrant may be exercised at an exercise price of 17.5 cents into one additional common share of the company until Sept. 8, 2017. The company expects to close additional tranches of the offering in coming weeks.

The proceeds of the offering will be used to advance the company's operations at the Mollehuaca gold processing plant in anticipation of its acquisition, as announced by the company on June 11, 2015, and for working capital.

The company did not pay any finders' fees in connection with the offering.

The securities issued in connection with the closing of the offering are subject to a restricted period that expires on Jan. 9, 2016.