Bullion Monarch Mining Inc. Thursday announced the acquisition of Dourave, a private mining and exploration firm based in Brazil. The acquisition is a share for share exchange. Under the agreement for the investment, Bullion will issue 5 million shares of Bullion Monarch Mining Inc. for all of the shares of Dourave. Other than that, Bullion will give an additional 2,781,418 warrants to be granted at the exercise prices between US$1.20 and US$4.78.

The mineral properties acquired from Dourave are located in different cities in Brazil. Bullion will acquire one in Bom Jesus, in the Brazilian state of Para-Tapajos Gold Providence. The mine has gold, Polymetallic deposit and is found on a piece of 9,150 Hectares Concession.

The other properties will be acquired from Dourave in Bom Jardim, located in a historic Brazil gold producing area on a 22,075 Hectares concession. Others include the Oro Mil gold property, which is a joint venture with Brazilian Gold calling for US$700,000 cash payment and US$5 million in exploration to earn 70% interest.

Bullion will also acquire Dourave’s Pontal do Paraita Gold property that is situated on an 873 Hectares concession and the Caldeira gold property located on a 28,355 Hectares concession. The final property Bullion acquires is the Niquelandia Bauxite property, for which the firm is planning to commence resource drilling this year.

Dourave will operate, with their existing infrastructure and staff as a wholly owned subsidiary of Bullion Monarch Mining. Dourave has preference to evaluate and negotiate on a numerous flow of mineral projects within the Tapajos Gold Province in Para State and Mato Grosso State.

Bullion Monarch Mining CEO R. Don Morris, said the closing of the transaction is a huge leap forward for Bullion Monarch. The synergy of adding Dourave, their portfolio of valuable properties and a management team seasoned with years of professional experience in the Brazilian mining industry will enhance Bullion’s value, he said.

Morris further commented that Bullion now has a South American team that will help increase and diversify its pipeline of promising mining prospects. Due to its relationship with Dourave, Bullion Monarch has recognized the potential in Brazil, he said, adding that the region is vastly under explored and also favorable to mining.

Bullion Monarch Mining Inc. is a publicly traded gold-focused exploration royalty company with additional interests in bauxite and oil-shale technology. The Company is engaged in a continual review of mining opportunities to create growth for shareholders.