Press Releases

Bullion Monarch Mining Announces Oil Production Will Begin in August 2009

TUESDAY , JULY 28, 2009 03:25 PM

VERNAL, Utah, Jul 28, 2009 (BUSINESS WIRE) -- Bullion Monarch Mining Inc. (OTCBB: BULM) announces that construction and installation is complete of the oil shale pre-commercial production demonstration facility by their 80% owned subsidiary EnShale Inc. The company is excited about the potential for its proprietary process to develop into a full-scale commercial crude oil producing operation. EnShale anticipates crude oil to be produced from the oil shale in August 2009. EnShale has patents filed with both U.S. and international agencies.

The company stockpiled 5,000 tons of oil shale that has been crushed and screened and readied for processing. EnShale's processing plant is designed to produce up to 150 barrels of oil per day at full production. EnShale will be conducting various tests with its demonstration plant to prove out its proprietary process and complete its design.

For a commercial operation EnShale's commercial processing plant design was completed in 2008 by Emery Energy Company of Salt Lake City, Utah and Department of Energy's Idaho National Laboratories. An Aspen model study of more than 600 pages was completed and used to calculate production of 17,454 barrels of liquid fuels per day from 21,600 tons of oil shale.

Bullion Monarch Mining Names Barrick as Additional Defendant in Pending Litigation against Newmont

THURSDAY , JULY 16, 2009 03:05 PM

OREM, Utah, Jul 16, 2009 (BUSINESS WIRE) -- Bullion Monarch Mining Inc. (OTCBB: BULM), a natural resource exploration and development company, has named Barrick Goldstrike Mines and Barrick Gold Corporation (collectively referred to as "Barrick") as defendants in their pending litigation against Newmont USA Limited (Newmont). This lawsuit is regarding unpaid royalties from a 256 square mile area of interest in the renowned Carlin Gold Trend in Northeastern Nevada (the largest gold producing region in the United States).

This matter involves Bullion Monarch Mining's assertion that pursuant to a 1979 agreement between predecessors of Bullion and Newmont, additional royalties are owed. In that agreement, Bullion ceased mining and exploration activities in the Lynn Mining District in Northern Eureka County in Nevada and in a defined multiple square mile area of interest surrounding that area. In return, Newmont (through its predecessor), as claimed by Bullion, agreed to pay Bullion a one percent royalty on any production in the Lynn Mining District and the area of interest that was described in the Agreement.

Naming Barrick as a defendant was deemed necessary after Bullion Monarch's counsel received information and documents from Newmont and Barrick regarding a joint venture between them that was dissolved in approximately 1999. The information and documents received from Newmont and Barrick indicate that Newmont and Barrick knew of the royalty obligation to Bullion and suggest that Barrick may also be responsible for the royalties owed to Bullion.

Bullion Monarch Mining's CEO R. Don Morris states, "My father and I pioneered this area many years ago and although my father passed a long time ago, I have a responsibility to him and our shareholders to hold Newmont and Barrick to our agreements." Further he notes, "Bullion contracted with Robison, Belaustegui, Sharp and Low to litigate the lawsuit on a contingency basis. This protects our Company against the high legal costs associated with collecting from two huge, multi-national corporations." Bullion's current royalty payments are not part of this lawsuit and therefore are not at risk. For additional information regarding this lawsuit please contact Clayton P. Brust of Robison, Belaustegui, Sharp and Low in Reno, Nevada at (775) 329-3151.

For investor relations please visit our website www.bullionmm.com or call Rob Morris at (801) 426-8111.

Forward-Looking Statements

Any forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.

SOURCE: Bullion Monarch Mining Inc.

Bullion Monarch Mining Inc.
Rob Morris, 801-426-8111

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Bullion Monarch Mining announces repurchase of 1.718m stock in FY 2009

TUESDAY , JULY 07, 2009 06:48 AM

Jul 07, 2009 (M2 EQUITYBITES via COMTEX) -- Precious metal company Bullion Monarch Mining Inc (OTCBB:BULM) said on Monday that the company repurchased 1,718,300 shares of its own stock over the previous fiscal year, ended 30 April 2009.

The company also reported 38,861,710 shares outstanding as of 31 May 2009.

The programme enables the company to repurchase its shares at its discretion up to USD1m. The share repurchases may continue through the end of 2009, through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements.

Comments on this story may be sent to admin@m2.com

Bullion Monarch Mining, Inc. Reaches an Agreement with Dourave Mineracao & Exploracao Mineral LTDA

For immediate release May 13, 2009

Orem, Utah – Bullion Monarch Mining, Inc. ("BULM" www.bullionmm.com), a natural resource company with mining interests in gold, silver, and oil shale is pleased to announce it has reached an agreement with Dourave Brazil. Dourave Brazil is 99.9% owned by Dourave Mining and Exploration, Inc., a corporation organized under the laws of Canada ("Dourave Canada"). Bullion will pay two million USD for a one third interest in the Bom Jesus and Bom Jardine mining properties with a first right of refusal on future projects Dourave will use the funds to continue exploration on the previously referenced properties which have already shown promising results. These properties are located in Northern Brazil, in the State of Para, in an area that has been reported to have had substantial gold production from low tech, independent miners.

R. Don Morris, President of Bullion Monarch Mining Inc. stated, "We are very excited about the prospects of these properties. There has been a lot of gold taken by hand over the years and the preliminary geology indicates the possibility of a significant ore body on each property. Our partner, Dourave, is an extremely capable exploration company with all of the expertise needed to bring a mine into production. We believe this is the first step in a relationship that could be very profitable for both parties for years to come."

Bullion Monarch Mining, Inc. is traded on the OTC Bulletin Board under the symbol "BULM." For more information on this or other projects Bullion Monarch is currently involved with, log on to our website at www.bullionmm.com.

Forward-looking Statements
Forward-looking statements in the press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Bullion Monarch Mining Announces Court Denies Newmont USA Limited Motion for Judgment on the Pleadings

Monday March 9, 2009, 4:36 pm EDT

OREM, Utah--(BUSINESS WIRE)--Bullion Monarch Mining, Inc. (OTCBB: BULM - News) (www.bullionmm.com), a natural resource company with mining interests in gold, silver and oil, filed an action in the United States District Court, District of Nevada, on April 28, 2008, against Newmont USA Limited, a Delaware corporation ("Newmont"), and wholly owned subsidiary of Newmont Mining Corporation ("NEM").

This matter involves Bullion’s attempt to collect additional royalties it believes are owed pursuant to a 1979 agreement between predecessors of Bullion and Newmont. Pursuant to that agreement, Bullion ceased mining and exploration activities in the Lynn Mining District located in Northern Eureka County in Nevada, and in a defined multiple square mile area of interest surrounding that mining district. In return, Newmont (through its predecessor), as claimed by Bullion, agreed to pay Bullion a one percent royalty on any production in the Lynn Mining District and the area of interest that was described in the Agreement (the "Area of Interest"). Additional information regarding this legal action is contained in Bullion’s 8-K Current Report dated April 28, 2008, which was filed with the Securities and Exchange Commission today.

Bullion has also requested more detailed accountings of the royalties being paid by Newmont as specified in the contract. Newmont has refused to provide the additional requested data.

On March 4, 2009, the United States District Court denied Newmont’s Motion for Judgment on the Pleadings, by which Newmont claimed that a 1993 Nevada court proceeding and judgment invalidated or adjudicated Bullion’s royalty interest in any of the properties covered by the 1979 agreement, including the Area of Interest. It is not clear whether Newmont will attempt to appeal this decision. Otherwise, the litigation of Bullion’s claims will continue.

Forward-Looking Statements

Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Bullion Sees Profitability for Fiscal Quarter

OREM, Utah – September 15, 2008 – Bullion Monarch Mining, Inc. (OTCBB: BULM – news), a natural resource company owning gold, silver and oil shale mining interests in Utah and Nevada, announced earnings of $422,019 or $0.01 per share for its fiscal quarter ending July 30, 2008, as filed with the SEC on Form 10-Q. The Company has chosen to continue self-funding of its oil shale technology subsidiary, EnShale, Inc., which make’s Bullion’s final positive bottomline more significant.

Bullion reported royalty revenues from its gold mining-related operations of $1,071,160 for the three month period ended July 31, 2008, versus $320,057 for the same period in the prior fiscal year – over a 30% gain. Conversely, the Company reported an increase of $567,683 in general, administrative and research and development costs for the same periods, again due primarily to EnShale's demonstration plant pegged for a December, 2008, completion.

Mr. R. Don Morris, President and CEO, stated, "Similar to our financials as reported for fiscal year-end April 30, 2008, Bullion again has benefited significantly from the increase in our gold mining royalty income, aiding us in reporting positive bottom line earnings while allowing for our projected, timely development of EnShale’s technology to bring forth sweet crude from the underground mining of oil shale in an economically and environmentally positive method from our lands leased from the State of Utah. All in all, we are looking forward to offering our shareholders continued positive announcements, quarter by quarter, as related to all of our operations – gold and silver to oil shale and beyond."

For a complete review of Bullion Monarch Mining’s fiscal year-ending April 30, 2008, 10-KSB Annual Report as reported to the Securities and Exchange Commission, please visit www.sec.gov or contact the Company for a copy of the full filing.

BULLION PROFILE

Bullion Monarch Mining, Inc., (www.bullionmm.com), has been involved with precious metal exploration and mining since 1948. Since, Bullion has worked with the likes of Newmont Mining and Kennecott. Bullion owns 80% of EnShale, Inc. activating its entry into oil shale mining and development. Developing new technology with cooperation from Idaho National Laboratories and Emery Energy, LLC, EnShale is working to complete its demonstration model for environmentally friendly and cost-effective removal of oil from underground mined shale. Initially, Bullion plans to mine shale from lease interests acquired from the State of Utah.

FORWARD LOOKING STATEMENTS Statements in this press release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Bullion Monarch Mining’s ("Bullion"), beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should" and "likely" also identify forward-looking statements. All forward-looking statements included in this press release are made as of the date hereof and are based on information available to Bullion as of such date. Bullion assumes no obligation to update any forward-looking statement. Actual results could differ materially from those anticipated for a number of reasons, including, among others: the Company’s ability to obtain sufficient capital to finance needed working capital; developmental capital; equipment and hire additional personnel as may become required by its new technology from its subsidiary company, EnShale; Bullion’s primary operations; variations in market and economic conditions; the Company’s ability to complete negotiations and execute certain agreements and other unanticipated factors. Risk factors, cautionary statements and other conditions, which could cause actual results to differ from the Company’s current expectations, are contained in the Company’s filings with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-KSB.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Or, for financial industry members and shareholders, Ms. Laurie S. Roop-Comeau, President, Shareholder Relations, at 435.652.3884 or laurie@shareholder-relations.net

Bullion Achieves Fiscal 2008 Profitability, Self-funds EnShale’s R&D

OREM, Utah - August 18, 2008 – Bullion Monarch Mining, Inc., (OTCBB: BULM – news), a natural resource company owning gold, silver and oil shale mining interests in Utah and Nevada, announced the Company has elected to self-fund its 80% owned oil shale technology demonstration project. The decision was made to not dilute the Company’s shares to fund this project while maintaining profitability and remaining debt free. This was also advantageous as a tax planning strategy to better use Company revenues.

Bullion’s largest revenue source hails from Newmont Mining Corporation’s Nevada-based Leeville gold mine, which according to Newmont reached full capacity late 2007. This royalty paid revenues to Bullion of $2,662,399 for fiscal year ending April 30, 2008. The revenue more than doubled the prior 2007 period’s revenues of $1,352,801. Taxes payable of $250,059 in fiscal 2008 represented an increase in liabilities for the Company.

Mr. R. Don Morris, President of Bullion, stated "Our progress during the last fiscal year was substantial. The Companies ability to self-fund EnShale’s research and development while remaining profitable and debt free without diluting shareholders interests is a triumph. The Leeville mine’s vast increase in royalties worked mightily to benefit our overall corporate development; saving our shareholders from the potentially highly dilutive effects of outside financing to fund EnShale’s research and development of the companies oil shale project. We are pleased that our fiscal 2008 ended with a positive bottom line. We are working diligently to make our next year even more exciting and upward moving – in all regards."

For a complete review of Bullion Monarch Mining’s fiscal year-ending April 30, 2008, 10-KSB as filed with the Securities and Exchange Commission, please visit www.sec.gov or contact the Company for a copy of the full filing.

BULLION PROFILE
Bullion Monarch Mining, Inc. (www.bullionmm.com) has been involved with precious metal exploration and mining since 1948. Bullion formed EnShale, Inc. (www.enshale.com), now a majority-owned subsidiary, activating entry into oil shale mining technology and development. Subsequently, EnShale acquired certain non-exclusive patented technologies for extracting oil from shale. Building upon that technology with cooperation from Idaho National Laboratories and Emery Energy, EnShale is working to complete its demonstration model for environmentally friendly and cost-effective removal of oil from underground mined shale. Initially, Bullion plans to mine shale from lease interests acquired from the State of Utah.

FORWARD LOOKING STATEMENTS: Statements in this press release, which are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements encompass Bullion Monarch Mining’s ("Bullion"), beliefs, expectations, hopes or intentions regarding future events. Words such as "expects," "intends," "believes," "anticipates," "should" and "likely" also identify forward-looking statements. All forward-looking statements included in this release are made as of the date hereof and are based on information available to Bullion as of such date. Bullion assumes no obligation to update any forward-looking statement. Actual results could differ materially from those anticipated for a number of reasons, including, among others: the Company’s ability to obtain sufficient capital to finance needed working capital; developmental capital; equipment and hire additional personnel as may become required by its new technology from its subsidiary company, EnShale; Bullion’s primary operations; variations in market and economic conditions; the Company’s ability to complete negotiations and execute certain agreements and other unanticipated factors. Risk factors, cautionary statements and other conditions, which could cause actual results to differ from the Company’s current expectations, are contained in the Company's filings with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-KSB.

Contact:
Mr. Robert Morris, Director of Investor Relations at Bullion Monarch Mining, at 801.426.8111 or robmorris@bullionmm.com

Bullion Monarch Mining has begun construction on a demonstration plant for the extraction of oil from oil shale

For immediate release June 19, 2008

Orem, Utah – Bullion Monarch Mining, Inc. ("BULM" [www.bullionmm.com]), a natural resource company with mining interests in gold, silver and oilshale, through its subsidiary EnShale, Inc. (www. enshale.com) is pleased to announce it has begun construction on a pre- production demonstration plant to extract oil from oil shale. The plant is anticipated to demonstrate a scale feasibility of producing oil from oil shale at a target cost of below $30 USD per barrel.

EnShale has a patent pending extraction process that uses coal gasification, a clean coal technology, as a heat source and horizontal kilns. The oil shale is heated to approximately 1,000 degrees Fahrenheit, which releases the oil from the shale in a gaseous form and then is cooled to become liquid oil. The pilot plant is expected to be completed by late 2008.

This patent pending process has been shown in advanced computer modeling done by the Idaho National Labs, part of the DOE, as a subcontractor for Emery Energy, to use less than three gallons of water per barrel of oil produced and has CO2 sequestering capabilities. EnShale’s intent is to mine underground and disturb as little of the surface as possible.

EnShale has 4,650 acres in the Green River formation in Utah with an estimated resource of oil shale of approximately 667 million barrels of oil; this is not a "proven" or "probable" reserve as defined by Securities and Exchange Commission Industry Guidelines. This is the same oil shale that was discussed by President Bush in his recent energy speech. EnShale is in agreement with President Bush that we need to explore all alternative energy sources, and that oil shale can be a major part of the solution. The Company believes EnShale’s land position and technology development program place it in the forefront of oil shale activities that will make an important contribution to U.S. energy independence.

Bullion Monarch Mining is a debt free and profitable company that believes it is uniquely positioned to take advantage of the high commodities price of gold, silver, and oil.

Forward-looking Statements
Forward-looking statements in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Bullion Monarch Mining, Inc. Acquires 80% of EnShale, Inc.

For immediate release June 16, 2008

Orem, Utah – Bullion Monarch Mining, Inc. (“BULM” www.bullionmm.com), a natural resource company with mining interests in gold, silver, and oil shale, has acquired an additional 20 million shares of EnShale, Inc. (www.enshale.com), its majority-owned subsidiary. The acquisition of the additional stock was in exchange for the transfer of rights that Bullion owned to oil shale mineral leases on Utah State Institutional Trust Land in Eastern Utah’s Uintah County. With the acquisition, Bullion now owns 80% of EnShale.

The leases being transferred to EnShale include 4,650 acres with a resource of oil shale of approximately 667 million barrels of oil as disclosed in a previous press release. EnShale’s land position and technology development program place it in the forefront of oil shale activities that will make an important contribution to U.S. energy independence.

Forward-looking Statements
Forward-looking statements in the press release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Bullion Monarch Mining Elaborates On Legal Proceedings Against Newmont USA Limited

For immediate release May 13, 2008

Orem, Utah – Bullion Monarch Mining, Inc. (“BULM” [www.bullionmm.com]), a natural resource company with mining interests in gold, silver and oil, filed an action in the United States District Court, District of Nevada on April 28, 2008, against Newmont USA Limited, a Delaware corporation (“Newmont”) and wholly-owned subsidiary of Newmont Mining Corporation (“NEM”).

Bullion has instituted a lawsuit against Newmont USA Limited for recovery of alleged unpaid royalties. The lawsuit arises out of a 1979 Agreement in which Bullion agreed to refrain from mining activity and exploration in an area that is now known as the Carlin Trend. The area of interest appears to be 256 square miles near or in the Carlin Trend and could include additional lands. The Carlin trend is one of the largest gold producing areas in the world. The 1979 Agreement requires that Newmont pay one percent (1%) royalty on gross mineral revenues in an area of interest. Newmont has recognized an obligation to pay royalties for certain mineral revenues in the area, but has refused to pay royalties on the full extent of the area of interest claimed by Bullion.

Bullion has also requested more detailed accountings of the royalties being paid by Newmont as specified in the contract. Newmont has refused to provide the additional requested data.

Bullion Monarch has entered into a contingency agreement with Robison, Belaustegui, Sharp & Low in Reno, Nevada. Any questions about the lawsuit can be directed to Clayton P. Brust of Robison, Belaustegui, Sharp & Low (775) 329-3151.

Forward-looking Statements
Forward-looking statements in this press release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Bullion Monarch Mining Commences Legal Proceedings Against Newmont USA Limited

For immediate release April 30, 2008

Orem, Utah – Bullion Monarch Mining, Inc. (“BULM” [www.bullionmm.com]), a natural resource company with mining interests in gold, silver and oil, filed an action in the United States District Court, District of Nevada on April 28, 2008, against Newmont USA Limited, a Delaware corporation (“Newmont”) and wholly-owned subsidiary of Newmont Mining Corporation (“NEM”).

This matter involves Bullion’s attempt to collect additional royalties it believes are owed pursuant to a 1979 agreement between predecessors of Bullion and Newmont. Pursuant to that agreement, Bullion ceased mining and exploration activities in the Lynn Mining District located in Northern Eureka County in Nevada and in a defined multiple square mile area of interest surrounding that mining district. In return, Newmont (through its predecessor), as claimed by Bullion, agreed to pay Bullion a one percent royalty on any production in the Lynn Mining District and the area of interest that was described in the Agreement (the “Area of Interest.”). Additional information regarding this legal action is contained in Bullion’s 8-K Current Report dated April 28, 2008, which was filed with the Securities and Exchange Commission today.
Forward-looking Statements
Forward-looking statements in this press release are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission.

Contact Information
Rob Morris robmorris@bullionmm.com
(801) 426-8111

Bullion Monarch Mining Stock Buyback and Earnings Report

January 23, 2008 4:00 PM MT

Orem, Utah – Bullion Monarch Mining, Inc., a natural resource company with mining interests in gold and oil, announced today that its Board approved a stock buyback program. The Board authorized the repurchase of up to $1,000,000 of its common stock. Bullion plans to fund the repurchase program from free cash flow.

The Company said the Buyback Program will be carried out through December 31, 2009 with no minimum number of shares. The Company recently completed the 2nd Quarter of its 2008 fiscal year with reported earnings of two cents per share. Based on production forecasts of its primary royalty revenue source, Newmont Mining’s Leeville gold operation in Northeastern Nevada, the Company expects earnings to exceed four cents per share for its full 2008 fiscal year ending April 30, 2008.

Shares of Bullion are trading on the OTC Bulletin Board with the symbol “BULM”. For additional information about the Company, see www.bullionmm.com.

This Press Release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, adverse changes in current gold prices; and the continued development by Newmont Mining of its Leeville gold operation in Northeastern Nevada.

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