Monument Announces Movement Control Order Continuation in Malaysia

VANCOUVER, British Columbia, April 15, 2020 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces that the operations at its wholly owned Selinsing Gold Mine in Pahang State, Malaysia have been further suspended till April 28^th, 2020 due to a further extension of the Movement Control Order (“MCO”).

The MCO was given by the Malaysian Prime Minister on March 16, 2020 for closure of all government and private premises from March 18 to 31, except those involved in essential services based on Control and Prevention of Infectious Diseases Act 1988 and the Police Act 1967. MCO was extended to April 14, 2020 (the “first extension”) and now to April 28, 2020 (the “second extension”).

Certain additional industries have been given relief to operate during the second extension. The Mineral and Geoscience Department Malaysia (JMG) is looking for the approval from the Ministry of International Trade and Industry (MITI) and the National Security Council (NSC) to allow miners to start operating again.

CEO and President Cathy Zhai said: “Monument maintains compliance with the extended MCO and have been closely monitoring the situation to ensure that the well-being of our people is protected. We have submitted a new application to the Malaysian government authorities, requesting the immediate relief from the MCO. We are ready to resume gold mining operations once the ban on mining activities is lifted.”   

About Monument

Monument Mining Limited (TSX-V: MMY, FSE: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 Copper and Iron 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 195 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.