EnShale Inc. appoints interim CEO
Orem, Utah October 23, 2009
EnShale Inc., an 80% owned subsidiary of Bullion Monarch Mining Inc. (OTCBB:BULM), is a shale oil development and technology company. Bullion Monarch Mining Inc. has accepted the resignation of Rex L. Franson as CEO of EnShale and from the board of Bullion Monarch Mining. Bullion Monarch Mining's CEO R. Don Morris stated, "We appreciate Mr. Franson's contributions to the company and recognize the progress EnShale has made during his tenure." The company now has a patent pending oil shale extraction process, a significant oil shale land position and a recently constructed preproduction facility.
Parent company Bullion Monarch Mining has appointed their Chairman of the Board, James A. Morris as interim CEO of EnShale while an executive search committee finds a permanent replacement.