SOURCE: Bullion Monarch Mining, Inc.

June 11, 2010 07:44 ET

Bullion Monarch Mining Completes Plan to Protect Shareholder Rights

ST. GEORGE, UT--(Marketwire - June 11, 2010) -  Bullion Monarch Mining, Inc. (OTCBB: BULM) www.bullionmm.com, a gold and silver exploration and royalty company, is excited to announce that it has reached a plan of action to complete the reorganization of the company utilizing the quasi-reorganization method. Bullion Monarch Mining can now move forward with their strategy to grow the company and graduate to a more prominent and well regarded exchange. This plan of action has been filed recently in an 8k form with the SEC. The net effect of applying quasi-reorganization accounting is explained in detail in our recently filed 8K. We urge investors who are interested in the technical details of this accounting change to closely examine the language and tables included in the 8K.

When Bullion Monarch Company (referred to as Old Bullion) was involuntarily dissolved, management formed Bullion Monarch Mining, Inc. which was subject to a fairness hearing held on September 27, 2006 (New Bullion) to carry on the business of "Old Bullion." The necessity for the quasi-reorganization method of accounting was based in management's insistence that all shareholders of "Old Bullion" maintained their rights of ownership. When "Old Bullion" was dissolved, its shares ceased to exist. Therefore, the only means of protecting the "Old Bullion" shareholders was by creating "rights" directly tied to the "Old Bullion" shares. "Rights" in "Old Bullion" are exchanged for shares in the reorganized "New Bullion" on a one-to-one basis.

All shares issued by "Old Bullion" and "New Bullion" will continue to be "New Bullion" shareholders. Bullion Monarch Company rights holders who have not exchanged their rights for Bullion Monarch Mining, Inc. shares will continue to have the same rights of exchange each had under the reorganization. These rights are subject to a five year exchange limitation established by the fairness hearing and court proceedings in the State of Utah and will expire at the close of business on September 26, 2011.

Bullion's President Don Morris stated: "While some companies may have taken advantage of an involuntary dissolution as an opportunity to disenfranchise shareholders, our management team would not allow this to happen. Many of our shareholders have been with us for years, since my father ran the company. We insisted on protecting Old Bullion shareholders by creating shareholder rights. Management then had to furnish an acceptable means of accounting for those shareholder rights. Valuable time and resources have been consumed completing this process and filing this plan is a big step forward in Bullion Monarch's pursuit of growth and greater profitability."

Bullion Monarch Mining, Inc. (www.bullionmm.com) is a publicly traded (OTCBB: BULM) gold and silver exploration and royalty company.

"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," "plan," "approximately," "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 report before making any investment in the shares of the company. Bullion Monarch Mining, Inc. undertakes no obligation to update any forward-looking statements contained in this report. This press release is for informational purposes only and should not be construed as an offer to solicit, buy or sell any security.

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