MONETA GRADUATES TO OTCQX MARKET

Toronto, Ontario – May 26, 2021 - Moneta Porcupine Mines Inc. (TSX:ME) (OTCQX:MEAUF) (XETRA:MOP) (“Moneta”) is pleased to announce that its common shares will commence trading today in the United States of America (“U.S.A.”) on the OTCQX® Best Market under the symbol "MEAUF". Moneta has been upgraded to OTCQX from the Pink® market.

 

Mr. Gary O’Connor, CEO commented, “We are very pleased to have met the stringent requirements for the graduation to the OTCQX best market. We look forward to the additional exposure that the listing will provide Moneta in reaching new institutional and retail investors and which will contribute to increased liquidity for the Company. Moneta has one of the largest undeveloped gold projects in North America located in Timmins, Ontario, Canada which has been Canada’s most prolific gold camp for the past 100 years, producing over 85 million ounces of gold.”

 

Investors can find Real-Time Level 2 quotes as well as current financial disclosures and general information for the Company at https://www.otcmarkets.com/stock/MEAUF/overview. The OTC Markets Group Inc. is an operator of financial markets for 11,000 U.S.A. and global securities. Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S.A. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Moneta was sponsored for the listing by Stifel Nicolaus & Company Inc.

 

About Moneta

 

Moneta is a Canadian based gold exploration company focussed on the Timmins Gold Camp in Ontario. The Company’s flagship project, covering the Golden Highway and Garrison Gold deposits, is located 100 km east of Timmins and hosts a total indicated resource of 3,967,000 ounces contained gold and a total inferred resource of 4,399,000 ounces contained gold. The project includes a total of 3,335,000 ounces of open pit indicated resources contained within 116.7 Mt @ 0.89 g/t Au and 2,270,000 ounces of open pit inferred resources contained within 79.4 Mt @ 0.89 g/t Au, at a cut-off grade of 0.30 g/t Au. The project also includes 632,000 ounces of indicated underground resources contained within 4.9 Mt @ 4.05 g/t Au and 2,129,000 ounces of inferred underground resources within 15.7 Mt @ 4.21 g/t Au, at a 2.60 g/t Au cut-off grade at South West and 3.00 g/t Au cut-off grade at the other underground deposits.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Gary V. O’Connor, CEO

416-357-3319

Linda Armstrong, Investor Relations

647-456-9223