Monument Announces Bioleaching Test Work Results on the Selinsing Sulphide Gold Project - Seite 2

Progress of the Basic Processing Design and FEED

The internal Definitive Feasibility Study ("DFS") for the Sulphide Project commenced in the middle of last year. This study is based on the 2016 PFS and is focused on delivery of a detailed front end engineering design ("FEED") by applying BIOX^® processing technology and an execution plan for construction of additional flotation and BIOX^® processing circuits and appropriate upgrade of the existing processing plant. It includes a basic processing design package, further mine optimization and an economic analysis at a higher confidence level.

The BIOX^® process design and flotation design packages have been sent to Orway Mineral Consultants Pty Ltd ("Orway") for review. Orway has been engaged to produce an overall plant design package. Contromation Energy Services ("CES") has commenced preparing the FEED for the new process plant using their experience from the successful design of the Runruno BIOX^® plant in the Philippines.

A number of specialized contractors have also been engaged in the DFS for the Selinsing Sulphide Project: Geomapping Technology Sdn Bhd ("GTSB") for a study on slope stability in the Selinsing and Buffalo Reef open pits and geotechnical studies on the proposed plant site; SRK Consulting (Australia) Pty Ltd ("SRK") on the existing tailings storage facility expansion; Afrima Consulting Pty Ltd on the power draw study. Internal studies were initiated to address the additional clean water demand for the BIOX^® plant and to gauge the requirements for expanded site water storage facilities. The FEED and a construction execution plan are scheduled to be completed during the fourth quarter of fiscal 2018, deferred from September 2017. The delay was caused by additional amenability testwork which is now being completed.

Michael John Kitney, Ass. Met, M.Sc., MAusIMM has reviewed and approved the scientific and technical disclosure in the news release as a Qualified Person under NI43-101 standards.

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 190 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.