- **Montero Mining and Exploration Ltd.**, through its wholly owned subsidiary Minera Joy SpA, has entered into option agreements to acquire a **100% interest** in the **Elvira Gold Project** and the **Potrero Gold Project** in Chile\u2019s Maricunga Belt.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** 
- The terms involve **staged payments totaling US$7 million per Project** over six years to the Vendor, Compañía Minera Atahualpa SpA, with Montero having the right to terminate the agreements at any time.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** 
- Montero has approved an initial exploration budget of **CAD$140,000 for each Project**, with programs set to commence immediately to define drill targets.  **[1506929_37232489b4b9426ebe97154dd3c2e627_3]** 
- The projects are located in a recognized mining district and exhibit **significant gold mineralization potential** with strong epithermal and porphyry-style signatures based on historical drilling.  **[1506929_37232489b4b9426ebe97154dd3c2e627_0]** **[1506929_37232489b4b9426ebe97154dd3c2e627_1]** **[1506929_37232489b4b9426ebe97154dd3c2e627_2]**

VERDE RESOURCES (VRDR)