MON Montero Mining and Exploration Ltd

Montero Mining and Exploration Ltd. (TSX VENTURE:MON) has been granted an
Environmental Impact Assessment Certificate for the Wigu Hill project from the
Tanzanian government. This has been issued to fulfill Section 92(1) of the
Environmental Management Act No. 20 of 2004 of Tanzania and is a requirement for
the application of a Mining Licence for the development of the rare earths
element mining project at Wigu Hill, in Tanzania.


Dr. Tony Harwood, President and Chief Executive Officer of Montero commented,
"The approval from the Minister of State, Vice President's Office - Environment
in Tanzania is a significant milestone that will allow the advancement of the
Wigu Hill rare earth project to a mining stage following the grant of a Mining
Licence. In addition, the due diligence process with a "Strategic Investor"
announced in December 2012 is ongoing and progressing well. The "Strategic
Investor" has proposed to provide equity funding at project level towards the
development of Montero's Wigu Hill Rare Earth Element mine and refinery."


About Montero Mining & Exploration

Montero Mining and Exploration Ltd. is a mineral exploration and development
company focused on achieving production of rare earths primarily from its
flagship Wigu Hill project in Tanzania. With China's control over rare earth
export quotas, it is becoming imperative that the rest of the world develops new
rare earth resources to meet the increasing demand from "green" technology and
high-tech applications. Montero has a highly experienced Board and Management
team that has built and operated mines and refineries in Africa, which brings
significant credibility to our strategy of becoming a rare earth producer. In
addition to rare earths, Montero has phosphate assets in South Africa and
uranium assets in Tanzania and Quebec, Canada for sale or joint venture.


Signed. Dr. Tony Harwood - President and CEO

CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. This News
Release includes certain "forward-looking statements". This News Release
includes certain "forward-looking statements". These statements are based on
information currently available to Montero and Montero provides no assurance
that actual results will meet management's expectations. Forward-looking
statements include estimates and statements with respect to Montero's future
plans, objectives or goals, including words to the effect that Montero or
management expects a stated condition or result to occur. Forward-looking
statements may be identified by such terms as "believes", "anticipates",
"expects", "estimates", "may", "could", "would", "will", or "plan". Since
forward-looking statements are based on assumptions and address future events
and conditions, by their very nature they involve inherent risks and
uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of Montero's
mineral properties, and Montero's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with Montero's activities; and other matters discussed in this
News Release and in filings made with securities regulators. This list is not
exhaustive of the factors that may affect any of Montero's forward-looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on Montero's forward-looking statements. Montero
does not undertake to update any forward-looking statement that may be made from
time to time by Montero or on its behalf, except in accordance with applicable
securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Montero Mining and Exploration Ltd.
+1 416 840 9197
+1 866 688 4671 (FAX)
ir@monteromining.com
www.monteromining.com

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