SOURCE: Bullion Monarch Mining Inc.

January 07, 2010 09:00 ET

Bullion Monarch Mining Reports Increased Royalty Expectations From Leeville Property

OREM, UT--(Marketwire - January 7, 2010) - Bullion Monarch Mining Inc. (OTCBB: BULM) is pleased to announce increased gold production estimates from Newmont Mining's Leeville Mine. Bullion Monarch Mining is collecting a 1% GSR royalty from Newmont operations in an area which includes current production from Leeville.

A recent investor info release from Newmont states that Leeville-Turf complex ore bodies are more continuous and thicker than originally modeled, providing exploration upside. Newmont has focused exploration on defining total upside and evaluating optimal haul, hoist infrastructure at Leeville to optimize asset. Newmont is also aggressively drilling the broader complex from surface and underground including almost 23,000 meters of underground drilling, 14,000 meters of surface drilling, and four access drifts of approximately 1,300 meters.

As reported by the Mining Quarterly, Mine Manager Joe Driscoll said, "We've got a mine life of at least ten years plus, and I am cautiously optimistic we have good news on the exploration. We're exploring the heck out of the place. Leeville is shooting for 500,000 ounces of gold production this year, up roughly 13,000 ounces over last year to set a record for the mine."

Exploration drilling is targeting both the Turf and Four Corners deposits, and rigs are working both underground and on the surface on the complex of deposits that includes the West Leeville deposit now being mined. The surface drilling started in August "just to see what the magnitude of the Leeville Complex will be," said chief geologist Sean McCann. "The rigs are ringing a halo around the deposit."

Results of underground drilling at Turf have been "significantly better than expected," he also said. Drilling at Leeville found roughly 1.5 million ounces of gold in 2008, he added, Leeville has been in full production roughly two years.

Bullion Monarch Mining CEO R. Don Morris stated, "These results confirm our expectations that Bullion Monarch's royalty position at Leeville will continue to provide us with a stable and long-term revenue stream for exploration and development of our other promising mining projects."

Bullion Monarch Mining, Inc. ( is a publicly traded (OTCBB: BULM) natural resource development and royalty company with interests in gold, silver and oil shale.

"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 include statement with respect to Bullion monarch mining's exploration programs and plans and can be identified by the use of forward-looking terminology such as "believe," "expect", "may," "should," "up to," "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 is not and should not be construed as an offer to solicit, buy or sell any security.

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