Alphastox Provides an Update on Montan Mining Corp. (TSXv: MNY) May 4, 2015 Dear Alphastox Subscribers, Montan Mining Corp. (TSXv: MNY), the junior mining company I initially mentioned on March 8th has had a good run so far hitting a high of $0.195 from its initial $0.10 launch. When I first featured the company it had a good team and vision…now, they’ve proven their execution and delivery, as the company announced a few days ago that they have expanded their operations by entering into an agreement to acquire an operating Gold Ore Processing Plant in Peru as well as the mining rights to the nearby Eladium Gold Mine and Saulito Property for US$3.3 million. Located in the region of Arequipa, known as the most active region in Peru for small-scale gold mining, the plant is currently in production ramp up from 30 tpd to 150 tpd. Upon assuming operatorship, Montan plans to apply for commercial permits to eventually increase capacity up to 350 tpd. The site operations and optimization will be assisted by the experienced Mr. Michel Robert. According to our estimates, if the plant operates at the optimum average gold grade of 1 oz/t at its current capacity of 150 tonnes per day it would result in about US$900,000 EBITDA per month. This is no longer an exploration play, but a cash flow play which could potentially get the market very excited…with 19 million shares outstanding and a $3.7 million market cap, MNY.V needs to be on your radar screen. The Peruvian government is spearheading a formalization of the small-scale gold mining industry. The process began around 2012, but has seen a real push since 2014. From a market perspective, the gold milling industry has performed extremely well over the last couple of years. The plant will provide a crucial and needed service for the mining community of Peru. Establishing a business in Peru that generates cash almost irrespective of changes in gold prices is a very positive sign for shareholders. If the gold price goes down, input (ore purchase) prices will also go down so the margins aren’t overly affected. A processing plant is protected on the downside as opposed to operating a gold mine where the risks are much higher. Peru is the perfect location for Montan; it is in the DNA of the company as Luis

Zapata, the executive chairman, is Peruvian and the company has a healthy contingent of local shareholders and support. Having the connection to the country is a huge advantage moving forward. The company also has a good Peruvian operational team that can keep production running smoothly. The mining world is nothing new to Montan either. Michel Robert, Director, has a solid track record. He is a miner, has development expertise and has managed a lot bigger projects than this one. In the long run, as the company continues to grow, having the mining expertise around will be a very important asset. This acquisition should not only help propel the growth of Montan, but should also help increase shareholder value. If the team is able to execute on its milestones this could be a very hot deal. Montan has only been public for about a month now, and already within the first 60 days they’ve signed a deal. It speaks volumes to the momentum of the company and the determination of its management team. If you want comparisons, take a look at Inca One Gold Corp. (TSXv: IO) and Dynacor Gold Mines Inc. (TSX: DNG). IO is sitting at $0.235 with a $16M market cap, and DNG is sitting at $2.18 with a $79M market cap, both deals Montan has in its sights. Even though MNY is just starting out, it definitely has the potential to catch up to its peers and show the market just how well they’re able to execute. The market wants to see cash flow and that’s exactly what they plan to generate. As always, if you have any questions, please do not hesitate to get in touch with me anytime. I look forward to hearing from you. Photos of the mill and mine are available at: https://www.flickr.com/photos/montanmining/ Best, Etienne For more information on Montan Mining Corp. please visit their corporate website at http://www.montanmining.ca or contact Jason Shepherd, Investor Relations at Ph: 250.212.2122 or TF: 1.866.913.1910 or Email: jshepherd@montanmining.ca