Moneta Drills 2.8 g/t over 26.0m Including 6.2 g/t over 7.5m on Golden Highway Project

Precious Metals

Moneta Porcupine Mines Inc. (TSX:ME) (“Moneta”) provides an update on its 40,000 metre drill program on its 100% owned Golden Highway Project, east of Timmins, Ontario. As quoted in the press release: Ian C. Peres, President and Co-CEO stated, “The most recent stage of the drill program began the process of systematically testing exploration targets …

Ian C. Peres, President and Co-CEO stated, “The most recent stage of the drill program began the process of systematically testing exploration targets within and adjacent to existing gold zones of the Golden Highway Project. Early drilling success in the LC Zone and Twin Creeks, both outside the current NI 43-101 resource, has returned strong gold values and mineralization widths. Equally important, new strike and dip information on the mineralization, not previously available, will support revised modeling and interpretation and planned follow up drilling. With these positive results and 23,000 metres remaining in the announced drill program, we look forward to the contribution of our new Chief Geologist, Gary O’Connor moving forward.”

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