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Monument Announces Extension to Movement Control Order in Malaysia

Corporate Updates

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June 15, 2021 News Release Release #15 - 2021

Monument Announces Extension to Movement Control Order in Malaysia

Vancouver, B.C., June 15, 2021, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monument” or the

“Company”) announces that Movement Control Order (“MCO”) in Malaysia has been extended to June 28 from

June 15, 2021 due to the high level of Covid cases that continue s being reported in the country. In compliance

with the extension Selinsing Gold Mine will keep its operation at the essential services level till then.

CEO and President Cathy Zhai said: “Monument is assisting the Chamber of Mine s in Malaysia in review and

assessment of Covid impact on the mining sector, seeking potential early relief of mining from MCO should it

be appropriate.”

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

also advancing the Murchison Gold Projects com prising Burnakura, Gabanintha and Tuckanarra JV (20%

interest) in the Murchison area of Western Australia. The Company employs approximately 200 people in both

regions and is committed to the highest standards of environmental management, social responsibi lity, 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]

"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 even ts 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 referred 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

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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 in this news release are subject to various risks,

uncertainties and other factors that could c ause 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, geopol itical and social uncertainties;

uncertainties regarding the results of current exploration activities; uncertainties in the progress and timing of

development activities; foreign operations risks; other risks inherent in the mining industry and other risk s

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.

Material factors and assumptions used to devel op forward -looking statements in this news release include:

expectations regarding the estimated cash cost per ounce of gold production and the estimated cash flows

which may be generated from the operations, general economic factors and other factors tha t 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; th e expected timing and results of development and exploration activities; costs of future

activities; capital and operating expenditures; success of exploration activities; 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 results not to be as anticipated, estimated or intended. There can be no

assurance that such sta tements will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. Accordingly, readers should 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.