Monumental Gold Corp. Receives TSX Venture Exchange Approval for Assignment and Assumption Agreement With Discovery Silver Corp. To Acquire Jemi Rare Earth Elements Project

VANCOUVER, BC, Nov. 1, 2021 /CNW/ – Monumental Gold Corp. (“Monumental” or the “Company“) (TSXV: MGLD) is pleased to announce that further to its September 24, 2021 news release, the TSX Venture Exchange (the “Exchange“) has approved the Company’s assignment and assumption agreement (the “Assignment Agreement“) with Discovery Silver Corp. (TSXV: DSV) (“Discovery“) dated September 22, 2021, amended October 7, 2021, whereby Discovery has agreed to transfer and assign its rights and obligations under the Jemi Option Agreement (as defined below) to Monumental (the “Assignment“). Discovery, through its wholly-owned Mexican subsidiary Discovery Metals S.A. de C.V. (the “Discovery Subsidiary“), entered into a mineral exploration and option to purchase agreement with Jesus Miguel Hernandez Garza and Juan Reynaldo Elizondo Falcon (the “Vendors“) dated May 15, 2017, as amended June 30, 2021 (the “Jemi Option Agreement“), whereby Discovery Subsidiary has an option to acquire a 100% interest in six (6) mineral concessions comprising approximately 3,560 hectares located in the Ocampo municipality of Coahuila State, Mexico (the “Property“) from the Vendors.

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