MON.V

Montero Mining and Exploration Ltd., together with its subsidiaries, engages in the identification, evaluation, acquisition, exploration, and development of mineral properties in Chile. The company primarily explores gold and cooper. It holds a 100% interest in the Avispa Copper–Molybdenum project that covers an area of approximately 203 square kilometers located in the Atacama Desert of northern Chile; the Potrero Gold Project is road-accessible and situated approximately 170 kilometers northeast of Copiapó at elevations of approximately 4,400 metres above sea level and located in Chile's Maricunga Belt; and the Elvira Gold Project is road-accessible and situated approximately 170 kilometers northeast of Copiapó at elevations of approximately 3,800 metres above sea level and located in Chile's Maricunga Belt. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.