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MONTO MINERALS - CEO Remuneration

CEO Remuneration 4 July 2008 LSE Announcement TERMS OF CONTRACT FOR NEW CHIEF EXECUTIVE OFFICER ('CEO') Monto Minerals Limited (the 'Company'), advises below a summary of the terms and conditions of the Employment Contract ('Contract') entered into with Stanmore Resources Pty Ltd to provide the services of the recently appointed CEO, Mr Mike Christie: TERM The Term of the agreement is for three months and shall be extended automatically month by month thereafter on the same terms and conditions unless and until terminated. Either party may give one months notice in writing. REMUNERATION $2500 per day. The company will reimburse Stanmore Resources for all reasonable expenses incurred in relation to carrying out the duties of CEO. Enquiries to: Peter Slaughter Monto Minerals Ltd +61 (0)7 3034 3100 Richard Brown Ambrian Partners Limited +44 (0) 20 7634 4709 - ---END OF MESSAGE---

Quick facts: Montero Mining and Exploration Ltd

Price: 0.035

Market: TSX-V
Market Cap: $765.83 k
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