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File: 2106-04-21-NR-MNY-re-$0.04c-Financing.docx

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NEWS RELEASE

MONTAN MINING ANNOUNCES PRIVATE PLACEMENT

VANCOUVER, BC - April 21, 2016 - MONTAN MINING CORP. (TSX.V: MNY) ("Montan" or the "Company") today announced has arra
--->nged a financing of up to $240,000, with units to be issued at four cents. Each unit will comprise one share and one h
--->alf share purchase warrant. Each warrant will permit the holder to acquire one additional share at a price of five cen
--->ts for a period of 24 months after closing. The financing is subject to TSX Venture Exchange approval and, in particul
--->ar, a waiver of the TSX-V requirement for financings to be priced at five cents or less.
Approximately $100,000 will be expended on the company's existing property maintenance commitments in Peru, specifical
--->ly in support of the company's Alicia Project, approximately $20,000 in bookkeeping and accounting services, approxima
--->tely $55,000 for regulatory and legal fees and some immediate accounts payable. This balance of this financing will en
--->able the company to continue its project acquisition activities into the 2016 season.
Finders' fees may be paid in accordance with TSX Venture Exchange policies.
Note that in certain circumstances the exchange may later extend the expiry date of the warrants if they are less than
---> the maximum permitted term. 
About Montan Mining Corp.
Montan is backed by an experienced and high-energy management team with diverse technical, market and finance strength
--->s and expertise and is supported by committed and sophisticated investors focused on building value for the long term.

On behalf of the Board of Montan.

Ian Graham
CEO and Director
MONTAN MINING CORP.


For More Information on Montan Contact: 
Ward Kondas
Corporate Development
Email: wkondas@montanmining.ca
Telephone: 778-918-8384

Luis Zapata
Executive Chairman
Email: lzapata@montanmining.ca
Peru: + 51-980-782-111
Canada: +1-604-358-1382


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.
SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain "Forward-Looking Statements" with
--->in the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information"
---> under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estima
--->te", "expect", "target", "plan", "forecast", "may", "schedule" and similar words or expressions, identify forward-look
--->ing statements or information. These forward-looking statements relate to, among other things, the anticipated Exchang
--->e and regulatory approvals for the waiver of the TSX-V requirement for financings to be priced at five cents or less.
Readers are cautioned against attributing undue certainty to forward-looking statements or information. Although the C
--->ompany has attempted to identify important factors that could cause actual results to differ materially, there may be 
--->other factors that cause results not to be anticipated, estimated or intended. The parties do not intend, and do not a
--->ssume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or c
--->hanges in circumstances or any other events affecting such statements or information, other than as required by applic
--->able law.