EANS-News: Monument Releases Positive Drill Results from Selinsing Property in Malaysia

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annual report/Drilling Results

Vancouver, Canada (euro adhoc) - Monument Mining Limited (TSX-V: MMY
and FSE: D7Q1) "Monument" or the "Company" is pleased to announce the
first results from Monument's twelve month drilling program which
commenced in September 2010 at its 100% owned Selinsing, property.
The exploration program is targeting 22 drill holes comprising 1,000
metres RC drilling and 3,000 metres diamond drilling and aims to
increase the reserves by converting the inferred gold resources below
the present Selinsing open pit outline.

The mineralized ore body at Selinsing strikes at 3500 and dips
600-700 to the east. The high grade shoots within the main
mineralization, plunge to the south east. The deposit is a
sedimentary hosted sheared zone gold mineralization in felsic tuff
and very fine clastic argillite with hanging wall calcareous material
and limestone. The high grade mineralization is normally associated
with quartz stockwork and quartz carbonate veins within highly
deformed sedimentary rock.

As of the end of June, 2011 the MMY exploration team at Selinsing had
completed 3,012 metres in 15 drill holes. The 20 metres spaced drill
holes are up to 250 metres deep and are designed to intercept the
mineralized structure 220 metres below surface at 280 metres Reduced
Level ("RL"). This is below the existing planned pit depth.

A total of 922 samples were sent to SGS (Malaysia) Sdn. Bhd., an
accredited laboratory which complies with requirements of ISO/IEC
1725:2005, for preparation and analysis. The sampling is of half NQ
and half HQ diamond drill core with maximum sample intervals of 1.5
metres. Quality assurance and quality control ("QAQC") is maintained
through the submission of certified reference materials and blanks.
Coarse split duplicates are collected and analyzed, but assays are
pending. Sample recoveries are good to excellent. The significant
results (greater than 1 g/t Au) obtained from the first six holes
drill are outlined in Table 1. More results will be announced as they
are made available from the laboratory. The approximate true
thickness of the intercepts is 86% of the quoted down hole
thicknesses due to drilling and orebody orientation.

The results indicate that the high grade shoots extend below the
existing pit and is still open at depth. The on-going programs will
continue to assess the gold distribution at depth with the data to be
used to construct the new resource estimate. Current results are in
line with the data from the Selinsing "Deeps" (Below the current pit
limit) obtained from historic drilling campaigns conducted before the
2007 acquisition.

Table 1: Significant (greater than 1 g/t Au) drill intercepts from
Selinsing "Deeps"

-------------------------------------------------------------------------
Downhole
Hole Depth from (m) Depth to (m) Thickness (m) Au g/t
-------------------------------------------------------------------------
MSMCD002 149.26 153.45 4.19 3.00
-------------------------------------------------------------------------
MSMCD002 190.18 191.33 1.15 2.05
-------------------------------------------------------------------------
MSMCD003 175.03 177.17 2.14 4.03
-------------------------------------------------------------------------
MSMCD003 177.17 178.40 1.23 1.96
-------------------------------------------------------------------------
MSMCD003 178.40 180.38 1.98 9.73
-------------------------------------------------------------------------
MSMCD003 180.38 181.32 0.94 9.07
-------------------------------------------------------------------------
MSMCD003 181.32 184.08 2.76 1.48
-------------------------------------------------------------------------
MSMCD003 187.83 189.58 1.75 2.24
-------------------------------------------------------------------------
MSMCD003 189.58 191.73 2.15 1.35
-------------------------------------------------------------------------
MSMCD003 193.84 195.00 1.16 2.17
-------------------------------------------------------------------------
MSMCD003 195.00 196.30 1.30 2.55
-------------------------------------------------------------------------
MSMCD003 198.08 199.42 1.34 1.93
-------------------------------------------------------------------------
MSMCD003 200.76 201.58 0.82 3.37
-------------------------------------------------------------------------
MSMCD003 202.35 202.88 0.53 5.20
-------------------------------------------------------------------------
MSMCD003 204.73 206.25 1.52 1.40
-------------------------------------------------------------------------
MSMCD003 208.47 209.60 1.13 3.43
-------------------------------------------------------------------------
MSMCD003 210.60 211.61 1.01 1.25
-------------------------------------------------------------------------
MSMCD003 229.76 230.17 0.41 1.26
-------------------------------------------------------------------------
MSMCD003 233.70 235.04 1.34 1.82
-------------------------------------------------------------------------
MSMCD006 194.37 195.73 1.36 3.49
-------------------------------------------------------------------------
MSMCD006 197.17 198.28 1.11 1.51
-------------------------------------------------------------------------
MSMCD006 216.02 216.85 0.83 108.00
-------------------------------------------------------------------------
MSMCD006 216.85 218.67 1.82 1.86
-------------------------------------------------------------------------
MSMCD006 219.30 221.07 1.77 1.64
-------------------------------------------------------------------------
MSMCD006 225.60 227.11 1.51 3.32
-------------------------------------------------------------------------
MSMCD006 227.11 228.75 1.64 1.09
-------------------------------------------------------------------------
MSMCD006 228.75 229.92 1.17 2.19
-------------------------------------------------------------------------
MSMCD006 232.98 234.13 1.15 3.98
-------------------------------------------------------------------------
MSMCD006 237.02 238.31 1.29 3.53
-------------------------------------------------------------------------
MSMDD001 105.90 108.60 2.70 1.98
-------------------------------------------------------------------------
MSMDD001 119.00 122.00 3.00 1.53
-------------------------------------------------------------------------
MSMDD004 139.60 141.10 1.50 4.25
-------------------------------------------------------------------------
MSMDD004 174.28 175.00 0.72 1.37
-------------------------------------------------------------------------
MSMDD004 176.50 177.22 0.72 1.45
-------------------------------------------------------------------------
MSMDD004 182.30 184.00 1.70 1.28
-------------------------------------------------------------------------
MSMDD004 208.50 209.45 0.95 1.10
-------------------------------------------------------------------------
MSMDD004 209.60 210.00 0.40 1.20
-------------------------------------------------------------------------
MSMDD004 242.00 243.50 1.50 2.87
-------------------------------------------------------------------------
MSMDD004 246.50 246.93 0.43 56.80
-------------------------------------------------------------------------

The information in this report as it relates to the Selinsing exploration
drilling results was compiled by Monument; and reviewed by Mr. Roderick Carlson,
an independent qualified person as defined under National Instrument 43-101. Mr.
Carlson is a Member of the Australasian Institute of Geoscientists and a
full-time employee of Snowden Mining Industry Consultants, who has sufficient
experience relevant to the style of mineralization and type of deposit under
consideration. Mr Carlson consents to the inclusion in the report of the matters
based on information provided by Monument and in the form and context in which
it appears.

President and CEO Robert Baldock stated "These drill results are very
positive and show us that at a further 220 metres below the current
pit the mineralization is continuing. Together with our recent
NI43-101 report filed on Buffalo Reef and the in-fill drilling
program, the Company is targeting of a new NI43-101 compliant
resource statement during Q3, 2012 fiscal year, which will
consolidate the resources from two properties including converting
inferred resource to measure and indicated resources and historical
resources to NI43-101 compliant resources. Our current gold
processing plant expansion to increase production capacity to
1,000,000 tpa from 400,000 tpa will fulfill the expected gold
inventory in the ground. We express thanks to our hard working
exploration team led by Vice President of Exploration Zaidi Harun."

About Monument Mining Limited

Canadian based Monument Mining Limited has two wholly-owned principal
properties: Selinsing Gold Mine Project ("Selinsing"); Damar Buffalo
Reef Prospect ("Buffalo Reef"); which are located in Pahang State in
the Central Gold Belt District of Malaysia. In addition, the Company
acquired the Famehub properties comprising 32,000 acres of
prospective exploration land. These assets are an approximate 130
kilometers from the Mengapur Polymetalic Project which the Company is
seeking to acquire and is currently under due diligent review.

In conjunction with extensive exploration programs at Selinsing,
Buffalo Reef and the Famehub properties, the Selinsing Gold Mine is
on track to produce its scheduled 40,000 ounces of gold in its first
full year of commercial production at an estimated average operating
cash cost of approximately $317 per ounce or below. The gold
treatment plant has a current capacity of 400,000 tpa with the phase
III gold processing plant expansion to 1,000,000 tpa targeting
completion in May 2012.

Please visit our website at www.monumentmining.com for more
information.

Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release."

Forward-Looking Statement

This news release contains forward-looking statements about Monument
Mining Limited ("Monument"), its business and future plans.
Forward-looking statements are statements that are not historical
facts and include the timing of the proposed programs and events. The
forward-looking statements in this news release are subject to
various risks, uncertainties and other factors that could cause
actual results or achievements to different materially from those
expressed or implied by the forward-looking statements. These risks
and certain other factors include, without limitation, the estimated
cash cost per ounce of gold production and the estimated cash flows
which may be generated from the operations, general economic factors
and other factors that may be beyond the control of Monument,
statements regarding the future price of gold; the estimation of
mineral resources; conclusions of economic evaluation (including
scoping studies); the realization of mineral resource estimates; the
timing and amount of estimated future production, development and
exploration; costs of future activities; capital and operating
expenditures; success of exploration activities; mining or processing
issues; currency exchange rates; government regulation of mining
operations; and environmental risks. Generally, forward-looking
information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is
expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or state that certain actions,
events or results "may", "could", "would", "might" or "will be
taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
but not limited to: general business, economic, competitive,
geopolitical and social uncertainties; the actual results of current
exploration activities; foreign operations risks; other risks
inherent in the mining industry and other risks described in the
annual information form of the Company, which is available under the
profile of the Company on SEDAR at www.sedar.com. Although the
Company has attempted to identify important factors that could cause
actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be
no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place
undue reliance on forward- looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.

(MMY.)

Further inquiry note:
Monument Mining Limited: Richard Cushing, Investor Relations, T: + 1 604 638
1661 x 102, E: rcushing(at)monumentmining.com; CHF Investor Relations: Robin
Cook, Senior Account Manager, T: + 1 416 868 1079 x 228, E: robin(at)chfir.com;
Axino AG - Europe: Wolfgang Seybold, President and CEO, T: + 49 711 25 35 92 40,
E: wolfgang.seybold(at)axino.de

end of announcement euro adhoc
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company: Monument Mining Ltd.
688 West Hastings St. Suite 910
CA-V6B 1P1 Vancouver
phone: +1 (604) 638 1661
mail: czhai@monumentmining.com
WWW: http://www.monumentmining.com
sector: Metals & Minerals
ISIN: CA61531Y1051
indexes:
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language: English