Moneta announces appointment to Board of Directors and Management Changes



    TIMMINS, ON, June 16 /CNW/ - Moneta Porcupine Mines Inc. (TSX: ME /
XETRA: MOP) ("Moneta") is pleased to announce the appointment of Warren Bates
to the Board of Directors.
    Warren Bates, P.Geo serves as Senior Vice President, Exploration of
Pelangio Exploration Inc. ("Pelangio") and is responsible for all of
Pelangio's exploration activities in Canada and Ghana, including new project
generation.
    Until recently, Pelangio held a 44.6% equity interest in Detour Gold
(TSX: DGC), representing majority control of the Detour Lake advanced
exploration project.
    Mr. Bates holds two Bachelor of Science degrees (Hons. Geology and
Chemisty) from the University of Manitoba and has over 22 years of experience
in the mining and exploration industry. He previously held the position of
Vice President, Exploration for St. Andrew Goldfields Ltd. ("St. Andrew").
Prior to his tenure at St. Andrew, he worked over 20 years for Granges Inc.
and its successor company, Vista Gold Inc., in various roles from District
Geologist to International Exploration Manager. Mr. Bates has operated and
managed exploration programs in North and South America which resulted in a
number of gold discoveries, completed evaluations on corporate acquisitions,
conducted pre-feasibility and feasibility studies in a range of mine
operations.
    "We are pleased to welcome Mr. Bates to the Board of Directors. Mr. Bates
adds considerable technical depth to the Board and we look forward to his
input based on his understanding and experience of the regional geology of the
Abitibi Greenstone belt," said Ian C. Peres, President and CEO of Moneta. The
appointment is subject to standard regulatory approval.
    Moneta is also pleased to announce that Ian C. Peres has been named
President and CEO of Moneta, effective immediately. Rod Whyte has been named
Chairman of the Board of Directors. Mr. Peres previously held the position of
CEO of Moneta and Mr. Whyte previously held the position of President of
Moneta. Both Mr. Peres and Mr. Whyte remain as directors of Moneta.

    About Moneta

    Moneta is a long-established gold mineral exploration and development
company and former gold producer which owns one of the largest property
portfolios over approximately 10% (from Timmins, Ontario to the Quebec border)
of the Destor Porcupine Fault Zone, one of the key structural features in the
Abitibi Greenstone belt in Ontario. The properties are located in the Golden
Highway and Porcupine Camps near Timmins, Ontario, one of the most prolific
gold producing regions in North America, with over 72 million ounces of gold
mined to date. Moneta's current focus is on 10 identified gold zones along a
12 km strike in the Golden Highway Camp.


    Moneta's public documents may be accessed at www.sedar.com. For further
information on Moneta, please visit our website at www.monetaporcupine.com or
email us at info@monetaporcupine.com.

    
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    The TSX does not accept responsibility for the adequacy or accuracy of
    this release.
    




For further information:

For further information: Ian C. Peres, President & CEO and Director,
(416) 579-3040, iperes@monetaporcupine.com; Rod Whyte, Chairman,  Tel: (44)
207-736-2212 (London, UK), rodwhyte@btinternet.com


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