Monument Mining Shareholder GoldMet Opposes Highly Dilutive Proposed Transaction

Vancouver (ots/PRNewswire) -

George Molyviatis and GoldMet B.V. (collectively "GoldMet"),
holders in aggregate of 54,112,500 common shares (the "Shares") of
Monument Mining Limited ("Monument") representing 19.67% of the
275,158,030 outstanding shares of Monument, announce their opposition
to Monument's proposed acquisition of certain overburden topsoils on
Monument's Mengapur project ("Mengapur") in consideration of issuing
25,000,000 to Malaco Mining Sdn. Bhd, its group of companies and
shareholders ("Malaco").

Mr. Molyviatis states "In February, 2012, Monument announced that
it had completed the acquisition of a 70% interest in Mengapur from
Malaco in consideration of a cash payment of US $60,000,000. In a
news release dated January 17, 2013, Monument announced that it had
acquired the remaining 30% of Mengapur from Malaco in consideration
of a cash payment of US $16,000,000. Subsequently, in its audited
financial statements for the year ended June 30, 2013, Monument
disclosed that inclusive of a further transaction cost of $7.46
million (CAD $7.65 million), in total $23,504,000 was paid to acquire
the remaining 30% interest in Mengapur from Malaco.

Now Monument is proposing to issue 25,000,000 common shares to
Malaco for certain overburden topsoils and the production of
magnetite which were apparently retained by Malaco under the original
acquisition of Mengapur.

GoldMet is concerned that this highly dilutive transaction,
occurring at a time when Mr. Avner Kreimer has announced his
intention to remove the current board, is a bid to disenfranchise
current shareholders. Mr. Kreimer and his proposed slate of directors
have stressed the need for a new independent board of directors who
will control management's culture of entitlement, tighten oversight
of acquisitions and refocus Monument's operations on its core assets.
GoldMet is forced to question if this transaction is being undertaken
with a view to increasing shareholder value or to place a large block
of shares in the hands of parties that will support the incumbent
board and management.

GoldMet urges Monument's shareholders to carefully consider
whether Monument's current board is acting in the interests of
shareholders, or if a change is needed to protect shareholder value.
GoldMet strongly urges shareholders to vote in favour of Mr. Kreimer
and his proposed slate of directors at Monument's AGM scheduled for
February 7, 2014."

This news release includes forward looking statements that are
subject to assumptions, risks and uncertainties. Statements in this
news release which are not purely historical are forward looking
statements, including without limitation any statements concerning
GoldMet's intentions, plans, estimates, expectations or beliefs
regarding the future. Although GoldMet believes that any forward
looking statements in this news release are based on reasonable
assumptions, there can be no assurance that any such forward looking
statements will prove to be accurate. GoldMet cautions readers that
all forward looking statements, including without limitation those
relating to Monument's future operations and business prospects, are
based on assumptions none of which can be assured, and are subject to
certain risks and uncertainties that could cause actual events or
results to differ materially from those indicated in the forward
looking statements. Readers are advised to rely on their own
evaluation of such risks and uncertainties and should not place undue
reliance on forward looking statements.

Any forward looking statements are made as of the date of this
news release, and GoldMet assumes no obligation to update the forward
looking statements, or to update the reasons why actual events or
results could or do differ from those projected in the forward
looking statements. GoldMet assumes no obligation to update any
forward looking statements, whether as a result of new information,
future events or otherwise.

For further information:
GoldMet B.V.
Attention: George Molyviatis
Email: georgemolyviatis@gmail.com

ots Originaltext: GoldMet B.V.
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