SOURCE: Brookmount Explorations, Inc.

Brookmount Explorations, Inc.

September 09, 2009 06:00 ET

Brookmount Explorations, Inc. Enters Into Merger Negotiations With Matmown, Inc.

FERNDALE, WA--(Marketwire - September 9, 2009) - BROOKMOUNT EXPLORATIONS, INC. (OTCBB: BMXI) (FRANKFURT: B6T) (BERLIN: B6T) -- A U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, announced today that it has entered into preliminary merger negotiations with MATMOWN, INC.

Brookmount currently has a gold project -- Mercedes 100 -- in Peru and has been in discussions with several entities to fund Phase I and Phase II exploration of Mercedes 100 while simultaneously exploring the possibility of mining the project with a 250 to 300 ton per day operation.

Matmown is a privately held mining and exploration company. It owns a 100% interest in four mining projects which include a gold project in Peru comprising of 7000 hectares, two copper projects in Chile of 1000 hectares, and a smaller gold property in Chile of 400 hectares.

In order to finance their projects Matmown has raised $2,400,000 in the second half of 2008.

Alex Portelli, President of Matmown, stated, "We are excited by the possibilities that exist by combining forces of our 2 companies and their projects."

In addition to mining experience in Latin America, the principals of Matmown bring extensive management skills, funding experience and success to the potential merger.

Peter Flueck, President of Brookmount, also stated, "We believe that the merger of the companies is an excellent fit for both companies. By combining forces, we are a much stronger and experienced entity and will progress at a much faster rate to bring combined value to both of our existing and future shareholders. Brookmount strengthens its project portfolio, management and director team considerably with the proposed merger."

He further stated that "Brookmount is equally excited with the potential merger with Matmown and the excellent possibilities this will represent for our companies and our shareholders in the near future."

Safe Harbor: This news release may include forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements.

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