Monument Update on Litigation

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2017) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" reports the following developments in its litigation matters in Malaysia.

MERSING

Monument and its Malaysian subsidiary filed a suit in the Shah Alam High Court against Emas Kehidupan Sdn. Bhd. ("EK") and its shareholders: Zackry Mohamed Iwaz and Kesit Pty Ltd, a company controlled by Peter Steven Kestel (together the "Vendor Group", "Defendants") due to non-fulfillment of condition pursuant to an Earn-in Agreement ("Mersing Transaction") signed in September 2011. In March 2016, the High Court awarded a judgment and costs against the Defendants. Monument has collected Cash of RM1,790,299.00 (equivalent to $500,000 cash consideration paid plus interest of $75,674) in full and had returned 1,500,000 Monument shares to treasury. The High Court's decision was re-affirmed by the Court of Appeal.

The Defendants filed a Motion for Leave to Appeal to the Federal Court but however dismissed with costs on July 17, 2017. The Federal Court is the highest court and the final appellate court in Malaysia. The Judgment awarded to the Company is thus final as there is no further avenue for the Defendants to appeal. The Mersing suit is now closed.

THE 5% JV SUIT

In respect of the JV suit, a five (5) days trial was scheduled to proceed on July 24, 2017 to July 28, 2017 but was stayed pursuant to the Court of Appeal Order obtained by Monument on July 21, 2017, pending disposal of Monument's appeals against the striking out orders of its suit at the Kuantan High Court ("Kuantan Suit" as described below).

The 5% JV claim was filed by Selinsing Ming Sdn. Bhd. ("SMSB"), a company now wholly owned by Kesit Pty. Ltd. ("Kesit"), against Monument and two of its subsidiaries (the "Defendants") in October 10, 2012, more than 5 years after Kesit and other vendors sold 100% of the Selinsing Gold Project to Monument for valuable consideration.

The 5% JV Suit has no merit and the Company will continue to vigorously defend against all claims by the Plaintiff in the 5% JV Suit.

KUANTAN SUIT

Monument and its Malaysian subsidiary Able Return Sdn. Bhd. ("ARSB") filed a suit in the Kuantan High Court, Pahang Malaysia against Kesit Pty. Ltd. ("Kesit") and Peter Steven Kestel ("Kestel") for the return of the 100% of the issued shares of SMSB (the Plaintiff in the 5% JV Claim) to ARSB.