SOURCE: Brookmount Explorations, Inc.

Brookmount Explorations, Inc.

July 08, 2010 11:35 ET

Brookmount Gives Corporate Update

FERNDALE, WA--(Marketwire - July 8, 2010) -  Brookmount Explorations, Inc. WWW.BROOKMOUNT.COM, (OTCBB: BMXI) (FRANKFURT: B6T) announces that it is nearing the completion of its due diligence process for a proposed merger with Matmown, Inc. Brookmount has received reports prepared by qualified geologists on two of Matmown's properties in Chile and in Peru and is currently awaiting for Matmown's audited financial statements which it expects to receive within the next two weeks. Once all of the information has been received Brookmount intends to make a timely decision on the potential merger.

Brookmount's keystone Mercedes 100 project is located in a prolific mining region which hosts some of the largest mining operations in Peru such as Volcan's Cerro de Pasco and Doe Run's huge smelter and mining operations at La Oroya, plus numerous other large deposits and mining operations. Work to date on the project has indicated the presence and significant potential of the project for gold, silver, zinc and lead.

Currently, Brookmount management is working on the permitting process to bring Mercedes 100 into limited production of about 350 tons/day which would provide it with ongoing revenues while carrying on further exploration work on the property that Brookmount expects will prove up the property's excellent potential to host much larger mineral resources. Initially, the ore from the Mercedes 100 project will be shipped to an off site plant for processing while the management shops for a suitable concentration plant to be erected on-site and has identified several options. Presently the option of pre-fabricating a 350 to 400 ton/day plant in Huancayo appears to be the most suitable and economical.

Brookmount is in negotiations with several entities to fund its objectives which are expected to cost approximately $1,500,000.

Brookmount management believes that the proposed limited production will bring tremendous value to the Company and its shareholders and is working diligently to secure the funding required and achieve its objectives.

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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