Monument Announces Changes to Long-Term Incentive Plans

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 7, 2016) - Monument Mining Limited (TSX VENTURE:MMY) (FRANKFURT:D7Q1) ("Monument" or the "Company") is pleased to announce that it has adopted a Restricted Share Unit Plan (the "RSU Plan") and amended its existing "fixed" stock option plan (the "Amended Stock Option Plan").

The changes have been made in order to provide long-term incentives that better align the interests of the directors, officers, employees and consultants of the Company with the interests of the Company's shareholders. The RSU Plan and Amended Stock Option Plan replace the Company's previous 2015 stock option plan (the "Old Plan"). Under the Old Plan, 48,632,705 shares were reserved for issuance pursuant to incentive stock options. Under the RSU Plan and Amended Stock Option Plan, the total number of shares reserved for issuance will remain 48,632,705, of which 32,421,800 will be reserved under the RSU Plan, and 16,210,905 will be reserved under the Amended Stock Option Plan. The adoption of the RSU Plan and Amended Stock Option Plan remain subject to shareholder and regulatory approval.

The detailed terms of the plans are included in the Company's Management Information Circular dated November 10, 2016 in respect of the Company's upcoming Annual General Meeting (the "AGM").

The AGM materials can be found on Monument's website at www.monumentmining.com.

The AGM

The AGM is being held on December 15, 2016. Shareholders have until December 13, 2016 at 9AM Pacific Time to cast their votes. However, you are encouraged to vote well in advance of the deadline to ensure that your vote is received in a timely manner.

The Board of Directors recommends a vote in favour of all resolutions.

Vote today.

Your vote is important no matter how many or little shares you may have.

Shareholder Questions

If there are any questions or if you require assistance with voting your shares, please contact Monument's proxy agent, Laurel Hill Advisory Group toll free at 1-877-452-7184 (collect outside North America: 416-304-0211), or by email at [e-mail].

About Monument

Monument Mining Limited (TSX VENTURE:MMY) (FRANKFURT:D7Q1) is an established Canadian gold producer that owns and operates the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration and development projects including the Mengapur Polymetallic Project, in Pahang State of Malaysia, and the Murchison Gold Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs approximately 240 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities. The Company has also been seeking potential opportunities for larger resources in other countries.