Bullion Monarch Mining, Inc. Acquires 80% of EnShale, Inc.

OREM, Utah--(BUSINESS WIRE)--Bullion Monarch Mining, Inc. (OTCBB: BULM) (www.bullionmm.com), a natural resource company with mining interests in gold, silver, and oil shale, has acquired an additional 20 million shares of EnShale, Inc., its majority-owned subsidiary. The acquisition of the additional stock was in exchange for the transfer of rights that Bullion owned to oil shale mineral leases on Utah State Institutional Trust Land in Eastern Utah’s Uintah County. With the acquisition, Bullion now owns 80% of EnShale.

The leases being transferred to EnShale include 4,650 acres with a resource of oil shale of approximately 667 million barrels of oil as disclosed in a previous press release. EnShale’s land position and technology development program place it in the forefront of oil shale activities that will make an important contribution to U.S. energy independence.