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Monterey Minerals Announces Corporate Update ACCESSWIRE TORONTO, ON / ACCESSWIRE / July 16, 2021 / Company or Monterey ) (CSE:MREY and FSE:2DK ) today announces a corporate update pertaining to the issued and outstanding shares of the Company. On April 14, 2021, the Company reported that its Board of Directors decided to cease work at the Alicia Project in the Philippines and sold the property back to the original property vendor. Since that time, the Company has been evaluating its options. Effective July 23, 2021, Monterey will consolidate its outstanding common shares, on the basis of one (1) post-consolidation common share for every eighty (80) pre-consolidation common shares ( Reverse- Split ). In accordance with the provisions of the British Columbia Securities Act, the Monterey Board of Directors has approved the Reverse Split which will result in approximately 1,914,994 post-consolidation common shares remaining issued and outstanding.

New south walesUnited kingdomWestern australiaDavid leesNeither the canadian securities exchangeOmineca mining division of british columbiaCompany or montereyMonterey minerals incMonterey mineralsAlicia projectBritish columbia securities actMonterey boardReverse splitCobalt mountain propertyOmineca mining divisionBritish columbia