Ms. Cathy Zhai reports

MONUMENT ENTERED INTO A COLLABORATION AGREEMENT, GIVES GBR ACCESS TO BURNAKURA MILL

Monument Mining Ltd. has signed a memorandum of understanding with Great Boulder Resources for collaboration to potentially process ore from Great Boulder's Side Well gold project through Monument's Burnakura mill at Meekatharra, Western Australia, subject to availability.

President and chief executive officer Cathy Zhai commented: "I am very pleased with thanks to Mr. Andrew Paterson, the managing director of Great Boulder, for considering Burnakura mill as their treatment option and for his willingness to collaboratively explore the best solution beneficiary to both parties in optimization of potential production. It will give an opportunity for exploration companies to generate cash flow as gold prices surge to historical record highs. While junior companies continue to face their own challenges and navigate the inherent risks of the natural resource industry, we are working hand in hand to find a win-win solution in the region."

Background

Following the successful commercial production of the upgraded sulphide gold concentrate plant at Selinsing gold mine, Monument is now advancing its Murchison gold project toward potential commercial production. SRK Consulting (Australasia) Pty. Ltd. is currently engaged to provide economic assessments, including evaluating the Burnakura mill capacity for initial restart and potential upgrade options up to 750,000 tonnes per annum. With a proven record for building up and advancing operational mines, Monument continues to leverage its strong production management team to drive growth and efficiency.

Monument has an estimated mineral resource of 5.59 Mt (million tonnes) at 2.12 g/t (grams per tonne) for 381,000 oz (ounces), comprising indicated at 4.04 Mt at 2.3 g/t gold for 293,000 ounces, inferred mineral resource of 1.55 Mt at 1.8 g/t gold for 88,000 ounces at Burnakura; and historical mineral resources (JORC (Joint Ore Reserves Committee) resource) 2.2 Mt at 2.2 g/t Au for 153,000 oz at Gabanintha, plus 20-per-cent free carried interest in the Tuckanarra gold project.

Great Boulder is a mineral exploration company with a portfolio of highly prospective gold and base metals assets in Western Australia ranging from Greenfields through to advanced exploration. The company's core focus is the Side Well gold project at Meekatharra in the Murchison gold field approximately 48 km north of Burnakura, where exploration has defined a mineral resource of 7.45 Mt at 2.8 g/t Au for 668,000 oz Au (340,000 oz at 3.4 g/t Au indicated, 327,000 oz at 2.4 g/t Au inferred). The company is also progressing early stage exploration at Wellington base metal project located in an emerging MVT province.

Collaboration

The MOU between Great Boulder Resources and Monument Mining is a non-binding agreement setting a framework for the two companies to evaluate the sustainability of the Burnakura plant to treat GBR's Side Well ore, assess the technical, commercial and logistical requirements for joint operations or toll treatment where applicable, and negotiate commercial terms for ore treatment at Burnakura.

With both parties undertaking scoping studies on their respective operations, the MOU allows GBR and Monument to collaboratively share scoping study outputs enabling optimization of mining and ore processing. The MOU also allows collaboration on each company's area of technical expertise, including GBR's knowledge of local geology and gold mineralization, exploration and local stakeholder relationships combined with Monument's expertise in processing, mining and metallurgy.

In the event Monument wishes to use Burnakura's milling capacity to toll treat third party ore sources, the agreement provides pre-emptive processing rights for GBR subject to availability. During the course of the agreement each company will remain responsible for its own study costs.

The parties will negotiate a definitive agreement when it is appropriate.

About Monument Mining Ltd.

Monument Mining is an established Canadian gold producer that 100 per cent owns and operates the Selinsing gold mine in Malaysia and the Murchison gold project in the Murchison area of Western Australia. It has 20-per-cent interest in Tuckanarra gold project jointly owned with Odyssey Gold Ltd. in the same region. The company employs approximately 250 people in both regions and is committed to sustainability with practice of the high standards of environmental management, social responsibility, including health and safety for its employees and neighbouring communities, and good corporate governance.

We seek Safe Harbor.