Brookmount Explorations Inc. entered into a memorandum of understanding to acquire Wellington Mining & Exploration Pty. Ltd. and mining, exploration permits in Palmer River Gold Field for $2.8 million.

Brookmount Gold Corp. is a global gold mining company. The Company operates two individual mining sites located in the North Minahasa region of Sulawesi Province, Indonesia. One of these sites is located at Talawaan, near the regional capital Manado. The other site is located at Ratatotock, approximately three hours west of Manado by road. Its Moosehorn Gold Project is an exploration target with projected near-term gold production from both placer and hard rock sources. The Moosehorn Gold Project comprises an area of approximately 6000 hectares, located southwest of Dawson City, Yukon, Canada. Its McArthur Creek project comprises approximately 330-acres of high-grade Au resource, is located effectively adjacent to the Moosehorn project, and shares identical topography. It is also engaged in the process of reviewing acquisitions of additional operations in Indonesia. Its interest in the Moosehorn Gold Project is owned through its wholly owned subsidiary, 2206555 Alberta Inc.