Monument Closed Felda Block 7 Transaction at Selinsing

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 9, 2017) - Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" is pleased to announce that it has closed the Felda Block 7 transaction that allows mining and processing of oxide material through the existing processing plant. Mining preparation has commenced and mining is expected to start in late October 2017. In the meantime, the Company continues to progress the Sulphide Project and further advance its gold inventory including oxide and sulphide as a whole.

Felda Block 7 Transaction

Block 7 is adjacent east of Buffalo Reef Central ("BRC"), 100% owned by the Company. It contains the extension of the BRC oxide ore body which can now be readily mined and processed through the nearby existing gold process plant. It also allows the pit shell to be fully developed across the boundary to access the entire sulphide ore beneath the BRC once the Sulphide Gold Project is in production.

The Company entered into an agreement with the local Settlers who held palm oil plantation land ("Felda land") leased from Pahang state government and managed by the Federal Land Development Authority ("Felda") when it first commenced mining at Selinsing in 2008/2009. In a unique arrangement, the Company together with the Settlers through support of the Felda and the government has converted a portion of Federal land ("Felda Block 7") into proprietary mining leases ("PML") on it. Upon closing the Felda Block 7 transaction, Monument has paid US$1.39 million to the PML holders in exchange of exclusive mining rights.

By extracting oxide ore at Block 7, together with the work being presently carried out developing oxide gold resources at Peranggih, the Company is aiming to bridge the gap with oxide gold production while it completes the Sulphide Project development. The Company will report separately on Peranggih in the near future, once the present geological study on drilling results has been completed, expected in approximately 6-8 weeks' time.

FEED and Internal DFS Study

The Company has previously announced the commencement of Front End Engineering Design (the "FEED") work leading to an internal Definitive Feasibly Study (the "DFS"). A prefeasibility study on the Sulphide Gold Project, Sedar filed on December 14, 2016, shows a 6 year extended economic life for Selinsing Gold Mine (refer to "NI 43-101 Technical Report: Selinsing Gold Mine and Buffalo Reef Project - Malaysia", prepared by Snowden and filed at www.sedar.com).