SOURCE: Bullion Monarch Mining Inc.

February 25, 2011 12:32 ET

Bullion Monarch Announces Best Quarter in Company History

ST. GEORGE, UT--(Marketwire - February 25, 2011) - Bullion Monarch Mining Inc. (OTCQB: BULM) (OTCBB: BULM) today announced net income for the third quarter of fiscal 2011 of $753,822 USD, or $0.02 per share, on record royalty revenue of $1,779,069 USD, representing a 192% increase in net income when compared to the same quarter of fiscal 2010.

For the nine-month period ended January 31, 2011, royalty revenue was $4,551,187 USD and net income was $1,519,619 USD, or $0.04 per share, which compares to royalty revenue of $3,930,967 USD and net income of $1,172,918 USD, or $.03 per share, for the nine-month period ended January 31, 2010.

The increase in revenue was due to solid production from Newmont's Leeville Mine and a 23% increase in the average price of gold. The average price of gold this quarter was $1377.00 per ounce compared to $1118.00 per ounce for the comparable period last fiscal year. Bullion Monarch holds a 1% royalty on a block of claims in the Carlin Trend of Northeastern Nevada that provides shareholders direct leverage to the price of gold.

Bullion Monarch purchased 679,800 shares of its stock during the nine-month period ended January 31, 2010. 

CEO R. Don Morris stated, "Our record third quarter results reflect strength in our royalty revenue stream and the continued upward trend in the price of gold. These record financial results have allowed management to capitalize on exciting new opportunities in the mining industry. We are excited with our developing pipeline of projects that we believe have the potential to greatly enhance the value of our company."

About Bullion Monarch Mining
Bullion Monarch Mining Inc. is a publicly traded (OTCQB: BULM) (OTCBB: BULM) gold-focused exploration royalty company with additional interests in bauxite and oil-shale technology. The Company is engaged in a continual review of mining opportunities to create growth for shareholders. The majority of current royalty revenues are derived from a high-quality claim block located in Northeastern Nevada's Carlin Trend. Bullion Monarch's portfolio provides for direct leverage to commodity prices as well as the exploration potential of world-class ore deposits. Visit the Company's website at www.bullionmm.com for more information.

"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995.
Certain statements contained in this report constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Information contained in this report contains "forward-looking statements" which can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "should," "up to," "approximately," "seem," "likely," or "anticipates" or the negative thereof or given that the future results covered by such forward looking statements will be achieved. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only for the date the statements was made. Investors should carefully consider the preceding information as well as information contained in the Company's Form 10 Registration Statement before making any investment in the shares of the Company. Neither Bullion Monarch Mining Inc. nor its subsidiaries, undertake any obligation to update any forward-looking statements contained in this press release. This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy or sell any security.

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