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TORONTO, April 12, 2022 Montero Mining and Exploration Ltd. provides the following update on the arbitration proceedings against the United Republic of Tanzania over Tanzania’s. | April 12, 2022

France generalUnited statesUnited republic of tanzaniaEric teynierMike evansCecil wm abrahamWigu hillNeal rigbyMontero wigu hillThierry lauriolAchille ngwanzaTony harwoodNational instrumentConsulting us incExploration ltdInternational centre for settlement of investment dispute