Monument Appoints Senior Geological Adviser Klaus Eckof for DRC

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 8, 2016) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" is pleased to announce the appointment of Mr. Klaus Eckhof as an independent Senior Geological Adviser to the Company to acquire, develop and review potential gold property transactions within the Democratic Republic of Congo ("DRC") to build an inventory of significant gold resources within the country.

Mr. Eckhof is a senior qualified and experienced geologist with extensive understanding of the African continent, particularly within the DRC. He has spent 20 years in the region and has successfully identified, acquired, drilled up or been instrumental in acquiring and establishing considerable gold, base metal (multi metal, tin and copper resources) within a number of companies such as the Kibali gold deposit of 20 million ounces of gold, Tiger Resources, Alphamin Resources, Lafayette Mining and Spinifex Gold et al.

Monument has enlisted the services of Mr. Eckhof due to his wide knowledge of the regional geology and experience in the North East of DRC especially also in the South Kivu area. He was instrumental in directing the exploration team that established the Kibali gold deposit to more than 20 mill ounces of gold that was sold to Randgold in 2009 and has established a number of successful exploration initiatives in junior gold explorers. The Kibali project has since been developed into an operating gold mine with reserves and resources exceeding 20.0 M ounces of gold and now producing more than 550,000 ounces of gold per year at cash cost of between US$650 - 700 per ounce for the owners.

The Company is seeking opportunities in DRC and has spent time since late calendar 2014 in understanding and conducting due diligence in-country to better understand opportunities that may present themselves. There have been some notable transactions in Africa generally, and in DRC specifically. Management has undertaken a visit to the capital Kinshasa in 2015 to arranged meetings where several mining conferences have been hosted by the government recently to attract interest from the mining industry and others. Monument is an established mine builder and operator and looks for opportunities where its skills can be an advantage in a transaction that has potential to be placed into production in the short to medium term. The Company believes that Mr. Eckhof can assist in this process of building an inventory of gold ounces in the DRC.