Monumental Minerals Corp. announced that the Company has entered into an arm's length definitive option agreement with Lithium Chile Inc. (Lithium Chil) to acquire a 50.01% interest in the Salar de Turi project (the Turi Project) from Lithium Chile. The Turi Project is located about 120 km northwest from the Salar de Laguna Blanca and 60 km northeast from the city of Calama, Chile.

The Turi Project is situated within the prolific lithium triangle, a zone within the central Andes high desert that includes Chile, Argentina, and Bolivia. This zone is estimated to contain more than half of the world's lithium supply beneath the many salt flats, also known as salars, that are common to the region. The Turi Project is comprised of 40 exploration concessions totaling 8,500 hectares, 100% owned by Lithium Chile through its wholly owned Chilean subsidiary Minera Kairos Chile Limitada (Minera Kairos).

The Turi Project is accessible from the city of Calama (60 km to the southwest) via the paved roads 21CH, and B-165 and is close to infrastructure. Travel time from Calama to the Turi Project is approximately 1 hour. In order to exercise the option to acquire a 50.01% interest in the Turi Project, Monumental must issue common shares, make certain staged cash payments to Lithium Chile and incur exploration expenditures on the Turi Project as follows: make cash payments of an aggregate of CAD 700,000 according to the following schedule: $200,000 within five days of TSX Venture Exchange (the Exchange) approval of the Option Agreement.

$250,000 on or before the fourteenth month anniversary of the Acceptance Date; and $250,000 on or before the second anniversary of the Acceptance Date.  incur minimum expenditures on the Turi Project of not less than an aggregate of CAD 1,400,000 according to the following schedule: $700,000 on or before the first anniversary of the Acceptance Date; and $700,000 on or before the second anniversary of the Acceptance Date.