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File: MONTAN News Release Announcingclosing of first tranche of Convertible Note private placement.DOCX

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PRESS RELEASE
MONTAN MINING CORP. CLOSES FIRST TRANCHE OF CONVERTIBLE NOTE PLACEMENT
Vancouver, BC, August 31, 2015 - Montan Mining Corp. (TSXV: MNY) (FSE: S5GM) (the "Company" or "Montan") announces tha
--->t it has closed the first tranche of its convertible note placement announced on August 25, 2015.  The Company issued 
--->convertible notes (each, a "Note") in the aggregate amount of $216,860.38 (the "Offering").  Each Note accrues simple 
--->interest at 14% per annum 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 $0.125 into units of the Company comprising one common share and o
--->ne common share purchase warrant. Each whole warrant may be exercised at an exercise price of $0.175 into one addition
--->al common share of the Company for a period of 2 years from closing of the Offering.  The Company expects to close add
--->itional 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 finder's 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 o
--->n December 29, 2015.

MONTAN MINING CORP. 
  
Ian Graham     
CEO and Director   
Ph: 1.604.671.1353     
Email: igraham@montanmining.ca  
About Montan Mining Corp.
Montan Mining Corp. (TSXV: MNY) (FSE: S5GM)  is positioned for growth in Peru through the acquisition and development 
--->of advanced and/or cash flow mining opportunities. Montan is backed by an experienced and high-energy management team 
--->with diverse technical, market and finance strengths and expertise and is supported by committed and sophisticated inv
--->estors focused on building value for the long term.
For more information, please visit the corporate website at http://www.montanmining.ca or contact:
Investor Contacts:

Ward Kondas
Corporate Development
Ph: +1 778 918 8384
Email: wkondas@montanmining.ca

Peru / South America:

Luis Zapata
Executive Chairman
Peru: + 51 980 782 111
Canada: 1.604.358.1382
Email: lzapata@montanmining.ca
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.