Monumental Energy Welcomes Max Brough as Independent Advisor

VANCOUVER, British Columbia--(BUSINESS WIRE)--Monumental Energy Corp. (“Monumental” or the “Company”) (TSX-V: MNRG; FSE: ZA6; OTCQB: MNMRF) is pleased to announce that Mr. Max Brough, the honorable mayor of the city of New Plymouth located in the Taranaki Basin in New Zealand as a new independent advisor following the Company’s recent visit to its producing royalty assets and potential future assets.

Maximilian Sali, Chief Executive Officer comments:

“I had the pleasure of meeting Max Brough last week in New Zealand. He was a fantastic host and introduced myself to many oil and gas supporters in the area and showed me around for the day. I spent the evening watching the positive election results at his event and I truly see how much this city supports the oil and gas industry. I look forward to building Monumental Energy’s portfolio in the Taranaki basin and truly appreciate the welcoming from Mr. Brough and his colleagues. Mr. Brough is an action taker and extremely driven. He is one of the most focused individuals I have ever met and wants to bring as much growth to the city of New Plymouth as possible. We are thrilled to welcome him as an advisor to the company.”

Max Brough, Mayor of New Plymouth comments:

“It was during my successful business career that I became frustrated with what I saw as mediocre performance at a council level. I decided to put my hand forward to do something about it and here I am. I am pro business and recognise the need and value that Energy provides to both people’s day-to-day lives. This is also critical to the needs of businesses to provide employment, growth, and stability. New Plymouth is the main city in the province of Taranaki serving a population of 90,000 people and growing. We have been acknowledged for over 50 years as being the Energy province of New Zealand. We sit in a prospecting basin known has the Taranaki basin.

In fact, the province saw one of the first oil wells of the world drilled in the 1800’s. Since then, we have had many international operator companies here over the years including Shell and OMV and are well serviced by oil and gas servicing companies such as Halliburton’s and Schlumberger amongst others. We have a network of pipeline facilities, a support network of engineering businesses, a blue water port that has long handled oil and gas both importing and exporting.

We welcome to the province the arrival of Monumental Energy and the partnership they have formed with local companies to develop further exploration and production facilities. We look forward to developing a long-term relationship with Monumental Energy to continue to develop in partnership with local expertise and businesses, the resources we have locally.”

About Monumental Energy Corp.

Monumental Energy Corp. is an exploration company focused on the acquisition, exploration, and development of oil and gas properties in New Zealand’s onshore and offshore Taranaki Basin, with current and near-term oil production, potential future larger natural gas production and a longer-term natural gas development investment.

The Company has a funding agreement with New Zealand Energy Corp. (“NZEC”) targeting production optimization and workover opportunities across existing fields. The Company also holds securities of NZEC and a call option and royalty interests on multiple producing and near term producing onshore wells with NZEC.

On behalf of the Board of Directors,

/s/ “Max Sali”
Max Sali, CEO, Director and Founder

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward Looking Information

This news release contains “forward‐looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, carrying out future work on the Company’s oil and gas projects, potential additional oil and gas transactions, other statements relating to the technical, financial and business prospects of the Company, its projects, its goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of metals and the price of oil and gas, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner and that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, failure to secure personnel and equipment for work programs, adverse weather and climate conditions, risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological assumptions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to obtain or maintain surface access agreements or understandings from local communities, land owners or Indigenous groups, fluctuation in exchange rates, the impact of viruses and diseases on the Company’s ability to operate, capital market conditions, restriction on labour and international travel and supply chains, decrease in the price of lithium, cesium and other metals, decrease in the price of oil and gas, loss of key employees, consultants, or directors, failure to maintain or obtain community acceptance (including from the Indigenous communities), increase in costs, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.