Monument Announced Extension to Movement Control Order In Malaysia
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March 30, 2020 News Release Release #06 - 2020
Monument Announced Extension to Movement Control Order In Malaysia
Vancouver, B.C., March 30, 2020, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monument” or
the “Company”) announce s that the Company will comply with the extension of Movement Control Order
(“MCO”) and continue to suspend operations at its Selinsing Gold Mine in Pahang State, Malaysia until earlier
date of relief of the mining ban or April 14 th 2020 . More details of the MCO can be read in our new release
from March 17th 2020.
CEO and President Cathy Zhai said: “Monument will continue compliance with the MCO and have had direct
dialogue with the Malaysian government authorities on a daily basis for immediate relief and to resume Mining
Operations at Selinsing Gold Mine at a mini mum staff level . In the meantime, security, essential care,
maintenance, and environmental monitoring controls are still in place at the mine site. Logistic and supplies are
adequate to support re -start of production. Our business sustaining plan is under execution to ensure the
operations will be back on track immediately once the ban of mining activities is lifted.”
On March 25, 2020 the Malaysian Prime Minister gave a speech to the Nation announcing the extension of the
MCO to April 14, 2020 to continue the prevention of the spreading of the covid -19 virus for the safety of the
Malaysian people . The duration of this order will be reviewed from time to time by the government , with
future announcements to be made.
In Western Australia, Drilling program at Murchison are progressing as planned.
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 Ir on 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 19 5 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.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 [email protected]
Wolfgang Seybold, Axino Media GmbH T: +49 711-82 09 7211 [email protected]
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"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 includes statements containing forward -looking information about Monument, its business
and future plans (“forward -looking statements”). Forward -looking statements are statements that involve
expectations, plans, objectives or future events that are not historical facts and include the Company’s plans
with respect to its mineral projects and the timing and results of proposed programs and events r eferred to in
this news release. Generally, forward -looking information can be identified by the use of forward -looking
terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken",
"occur" or "be achieved". The forward -looking statements i n this news release are subject to various risks,
uncertainties and other factors that could cause actual results or achievements to differ materially from those
expressed or implied by the forward -looking statements. These risks and certain other factors include, without
limitation: risks related to general business, economic, competitive, geopolitical and social uncertainties;
uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of
development ac tivities; foreign operations risks; other risks inherent in the mining industry and other risks
described in the management discussion and analysis of the Company and the technical reports on the
Company’s projects, all of which are available under the pro file of the Company on SEDAR at www.sedar.com.
Material factors and assumptions used to develop forward -looking statements in this news release include:
expectations regarding the estimated cash cost per ounce of gold production and the estimated cash fl ows
which may be generated from the operations, general economic factors and other factors that may be beyond
the control of Monument; assumptions and expectations regarding the results of exploration on the Company’s
projects; assumptions regarding the future price of gold of other minerals; the timing and amount of estimated
future production; the expected timing and results of development and exploration activities; costs of future
activities; capital and operating expenditures; success of exploration ac tivities; mining or processing issues;
exchange rates; and all of the factors and assumptions described in the management discussion and analysis of
the Company and the technical reports on the Company’s projects, all of which are available under the profile of
the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward -looking statements, there
may be other factors that cause re sults not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers sho uld not place undue reliance on
forward-looking statements. The Company does not undertake to update any forward -looking statements,
except in accordance with applicable securities laws.