Monumental Energy Corp. (TSXV: MNRG) (FSE: ZA6) (OTCQB: MNMRF) has announced an update on its participation in the Request for Information (“RFI”) process initiated by the Chilean Ministry of Mining for lithium exploration and exploitation.

Laguna Blanca Project Key Highlights

The RFI process saw 88 applications from companies across 10 countries. Out of these, 11 submissions came from Canadian-based companies. Applications were received for 16 salt flats and 28 different lithium projects, emphasizing the growing global interest in Chile’s lithium resources.

Monumental Energy, in partnership with Lithium Chile Inc., holds rights over 61 mining concessions totaling 14,700 hectares in the Laguna Blanca salt flats, a primary focus of this RFI process.

Chilean Ministry of Mining Evaluation

The Ministry is currently analyzing the submitted projects based on financial capability, estimated annual production, technological innovation, and mining experience. This evaluation will determine which projects move to the next stage of contract assignments, expected to commence in early 2025. By August’s end, mechanisms for assigning contracts will be announced.

Commitment to Community Engagement

Monumental Energy is dedicated to working closely with local communities to ensure equitable benefits from lithium projects. Indigenous consultations will be initiated where direct impacts are anticipated, ensuring community voices are incorporated.

Potential of the Laguna Blanca Project

The Laguna Blanca project in the Arica y Parinacota Region is a significant opportunity for responsible lithium mining development. This project promises considerable economic and social benefits for the region.

CEO’s Statement

Michelle DeCecco, CEO, comments, “The Company remains actively engaged with the Government and local communities to achieve early project milestones and secure necessary approvals. Monumental Energy is committed to leading sustainable lithium development and is eager to play a pivotal role in Chile’s lithium sector.”

About Salar De Laguna Blanca

The Laguna Project is situated within the prolific lithium triangle, which includes Chile, Argentina, and Bolivia. This region holds more than half of the world’s lithium supply beneath its numerous salt flats, or salars. The Laguna Blanca property consists of 61 exploration concessions totaling 14,700 hectares, owned entirely by Lithium Chile through its subsidiary Minera Kairos Chile Limitada.

About Monumental Energy Corp.

Monumental Energy Corp. is an exploration company focused on the critical and clean energy sector. The Company has an option to acquire a 75% interest in the Laguna cesium-lithium brine project in Chile. The Company also holds a 2% net smelter return royalty on future lithium production from the Salar de Turi Project and owns securities of New Zealand Energy Corp.

On behalf of the Board of Directors,

/s/ “Michelle DeCecco”

Michelle DeCecco, CEO

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