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

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Mon Mar 9, 2009 4:36pm EDT

OREM, Utah--(Business Wire)--
Bullion Monarch Mining, Inc. (OTCBB: 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. 

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 Monarch Mining, Inc., Orem
Rob Morris, 801-426-8111
robmorris@bullionmm.com

Copyright Business Wire 2009

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