VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Monterey Minerals Inc. (the “Company”) announces the resignation of Mr. Gary Handley as Chief Executive Officer, Chief Financial Officer and Director of the Company and the resignation of Mr. Michael Kraemer as Director of the Company, each effective as of August 5, 2018.  The Company thanks each of them for their service.  Mr. Samuel Hardy will remain on the Board of Directors.

Effective as of August 5, 2018, the Company also announces the appointment of the following new officers and directors:

James Macintosh (Ontario, Canada) - President, Chief Executive Officer and Director

Mr. Macintosh has over 30 years of experience in the mining industry and as a mining analyst.  For the past 25 years he has held various executive and directorial positions with numerous public and private companies in Canada and the United States.  Mr. Macintosh has advanced a number of public issuer mining exploration and development companies to prospective mine status.  His commitment to Monterey is leading the Company to advance the current property via its upcoming work program and review potential exploration projects that enhance shareholder value.  Mr. Macintosh is also the President, CEO and Director of Southern Pioneer Resources Corp., a private exploration company.  As a Board Director, Mr. Macintosh chairs the Audit Committee of Satori Resources Inc. and sits on the Audit Committee of Silver Mountain Mines Inc.  Mr. Macintosh was recently the Lead Director and Chairman of the Audit Committee for Carlisle Goldfields Limited, a Canadian gold company sold to Alamos Gold Inc.  Mr. Macintosh graduated from Queen’s University with a B.Sc. (Honours, Geological Sciences) and sits on the Queen’s University Geology Council.

Julio DiGirolamo (Ontario, Canada) - Chief Financial Officer, Corporate Secretary and Director

Mr. DiGirolamo is a Chartered Professional Accountant with over 23 years of senior-level public company experience including, including four and a half years as CFO for Carlisle Goldfields Limited, a TSX-listed gold exploration company with projects located in northern Manitoba, Canada, until its sale to Alamos Gold Inc. in January 2016.  Mr. DiGirolamo is currently CFO for Bunker Hill Mining Corp., Idaho Champion Gold Mines Ltd., SGX Resources Inc., and Satori Resources Inc.  He began his public market experience while holding various senior roles during his five years with Greenstone Resources Ltd., a TSX and NASDAQ-listed gold mining company whose activities were focused in four Latin American countries. Mr. DiGirolamo was also previously the Chief Financial Officer of Asia Now Resources Corp., a TSX Venture Exchange-listed junior exploration company, and Chief Financial Officer and Corporate Secretary of Innovium Media Properties Corp., a TSX Venture Exchange-listed early stage investor.  During his time at Innovium he also acted as interim Chief Financial Officer at Seed Media Group LLC and as Chief Financial Officer, Corporate Secretary and member of the Board of Directors of Atlantis Systems Corp.  Over his career, Mr. DiGirolamo has served on the boards of various public and non-profit organizations.

Bruce Reid (Ontario, Canada) – Non-Executive Chairman and Director

Mr. Reid is the President and Chief Executive Officer of Bunker Hill Mining Corp.  Mr. Reid was most recently the Chairman, President and Chief Executive Officer of Carlisle Goldfields from January 2010 until January 2016 when the company was purchased by Alamos Gold Inc.  Mr. Reid is also currently a Director of Satori Mining Inc. and several other public mining companies.  Mr. Reid was also the Founder, President and Chief Executive Officer of U.S. Silver Corp. from June 2005 to November 2008. Previous to this Mr. Reid was intimately involved in the startup and successful build and sale of numerous mining companies such as Western Goldfields, Patricia Mining and High Plains Uranium. Mr. Reid also has extensive experience in corporate finance and mining investment research with a twenty-year career in the investment business with such firms as Nesbitt Thomson, Loewen Ondaatje McCutcheon and Yorkton Securities.  Mr. Reid combines all this with direct practice as an exploration geologist working on numerous projects in the Canadian North during the 1970s and early 1980s.  His background of more than 35 years of direct and indirect experience in the mining and mineral exploration industry follows graduation with a B.Sc. in Geology from the University of Toronto in 1979 and a finance degree from the University of Windsor in 1982.

About Monterey Minerals Inc.

Monterey Minerals Inc. is a newly formed resources company.  Its management and advisory team has a history of success and unlocking value.  The Company is focused on the development of precious metals and battery metals.

On behalf of the Board of Directors of Monterey Minerals Inc.

For more information: James Macintosh at (416) 862-7003 or jm@montereyminerals.com

Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company.  Forward-looking information is based on certain key expectations and assumptions made by the management of the Company.  Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct.  Forward-looking statements contained in this press release are made as of the date of this press release.  The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.