SOURCE: Bullion Monarch Mining Inc.

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. is a natural resource and development company with an emphasis on gold royalties. EnShale Inc., 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.

Contact Information

  • For further information contact:
    Robert Morris
    Bullion Monarch Mining
    (801) 426-8111