SOURCE: Bullion Monarch Mining Inc.
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October 23, 2009 17:32 ET
EnShale Inc. Appoints Interim CEO
OREM, UT--(Marketwire - October 23, 2009) - Bullion Monarch Mining Inc. (OTCBB: BULM) has
accepted the resignation of Rex L. Franson as CEO of EnShale and from the
board of Bullion Monarch Mining. Bullion Monarch Mining's CEO R. Don Morris
stated, "We appreciate Mr. Franson's contributions to the company and
recognize the progress EnShale has made during his tenure." The company
now has a patent pending oil shale extraction process, a significant oil
shale land position and a recently constructed preproduction facility.
Bullion Monarch Mining Inc. www.bullionmm.com is a natural resource and
development company with an emphasis on gold royalties. EnShale Inc.
www.enshale.com, an 80% owned subsidiary of Bullion Monarch Mining Inc., is
a shale oil development and technology company.
Parent company Bullion Monarch Mining has appointed their Chairman of the
Board, James A. Morris, as interim CEO of EnShale while an executive search
committee finds a permanent replacement.
Forward-Looking Statements
Any forward-looking statements in this press release are made pursuant to
the "safe harbor" provisions of the Private Securities Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks
and uncertainties detailed from time to time in the company's periodic
reports filed with the Securities and Exchange Commission.