February 25 , 2017 shares become free trading Montero Mining and Exploration Ltd. (TSX VENTURE:MON) ("Montero" or the "Corporation") announces that it has completed its previously-announced debt settlement transaction (the "Debt Settlement"). Pursuant to the Debt Settlement, the Corporation settled debts of approximately $1,007,475. The Corporation issued 13,720,495 common shares ("Common Shares") to certain creditors at a deemed issue price of $0.05 per Common Share in settlement of approximately $686,025 in debt, and obtained the release from a further $321,450 in debt. The Common Shares issued by the Corporation pursuant to the Debt Settlement are subject to a four month hold period expiring on February 25, 2017.