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Monterey Minerals Inc.: Monterey Minerals Provides Corporate Update Company or Monterey ) (CSE:MREY) and (FSE:2DK) provides a corporate update pertaining to the Company s exploration strategy at the wholly-owned Alicia gold and base metals project in Alicia Municipality, Philippines ( Alicia Project ). Monterey s Board of Directors has decided that the Company will not continue exploration work at the Alicia Project and as such, have reached an agreement with the original property vendor (the Vendor ) to return the Alicia Project back to the Vendor, in return for the extinguishment of all liabilities due to the Vendor and the Vendor s assumption of all future liabilities associated with the Alicia project.

New south walesUnited kingdomWestern australiaJames macintoshNeither the canadian securities exchangeBoard of monterey mineralsOmineca mining division of british columbiaCompany or montereyMonterey minerals incMonterey mineralsAlicia municipalityAlicia projectGuy le pageCobalt mountain projectBritish columbiaCobalt mountain property