Monument Grants Stock Options to its Directors and Officers
October 4, 2010 NEWS RELEASE Release #12 - 2010
Monument Grants Stock Options to its Directors and Officers
Vancouver, B.C. - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“the Company”, or “Monument”) announces it has granted 3,000,000 incentive stock purchase options to its directors and officers.
The board of directors has granted 3,000,000 stock options (the "New Options") to certain of its directors, officers exercisable at $0.415 per share for a period of five (5) years vesting from zero to two years. The grant of the New Options exceeds the maximum number of options that may be granted under the 2009 Stock Option Plan and is subject to shareholder approval and the acceptance of the Exchange.
Robert F. Baldock, President and CEO Monument Mining Limited Suite 490, 688 Hastings Street Vancouver B.C. Canada V6B 1P1 Canada
For further information contact:
| Monument Mining Limited | CHF Investor Relations | Axino AG | |
| Richard Cushing Investor Relations (Tel) +1 604 638 1661 ext. 102 (Fax) +1 604 638 1663 [email protected] www.monumentmining.com | Robin Cook Senior Account Manager (Tel) 1-416-868-1079 ext. 228 (Fax) 1-416-868-6198 [email protected] www.chfir.com | Anne Robert Account Manager (Tel) 1-514-880-0184 (Fax) 1-416-868-6198 [email protected] www.chfir.com | Wolfgang Seybold President and CEO (Tel) +49 711 25 35 92 40 (Fax) +49 711 25 35 92 55 [email protected] www.axino.de |
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release contains forward-looking statements about Monument Mining Limited (“Monument”), its business and future plans. Forward- looking statements are statements that are not historical facts and include the timing of the proposed programs and events. The forward- looking statements in this news release are subject to various risks, uncertainties and other factors that could cause actual results or achievements to different materially from those expressed or implied by the forward-looking statements. These risks and certain other factors include, without limitation, uncertainty to the actual cost of the gravity circuit and the estimated cash flows which may be generated from the gravity circuit, the risk that the Selinsing Project will not be completed successfully or in a timely manner, general economic factors and other factors that may be beyond the control of Monument. Forward-looking statements are based upon the beliefs, opinions and expectations of the management of Monument at the time they are made and Monument does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations or circumstances should change.