MMY.V · 2018-09-24 12:00:00

Monument Announces NOA 7/8 Drilling Program Results at Burnakura Gold Project

Exploration Programs

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September 24, 2018 News Release Release #15 2018

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company")

is pleased to announce encouraging results of 1,333m exploration and metallurgical drilling for 5 holes at North

of Alliance 7/8 (“NOA 7/8”), which have the potential to increase the Burnakura gold resources. Additional targets

for extension and resource definition drilling were identified.

The NOA 7/8 exploration drill program is one of three drilling programs completed successfully within two months

in May and June 2018 (refer to News Release dated August 8, 2018) . It comprised three exploration drill holes

and two metallurgical drill holes and consisted of both Reverse Circulation (“RC”) and Diamond Drilling (“DD”).

The program was focused on extending NOA 7/8 mineralization down plunge, and providing additional samples

from NOA 7/8 to further progress metallurgical testwork. All assays have already been received, with a view of

increasing its gold resources in underground fresh material, and collection of metallurgical samples for testwork.

Highlights

NOA 7 /8 program was successful in extending the known mineralization approximately 130m down plunge.

Significant intercepts are listed in Table 1.

Table 1: Significant intercept results (>= 1g/t Au) for NOA7/8 Deep Exploration Drilling

Area Hole ID From To Length (m)* Sample Type Au g/t

NOA7_8 18DDHMET1 145.10 146.00 0.90 CORE 1.21

NOA7_8 18DDHMET1 149.00 161.00 12.00 CORE 6.80

NOA7_8 18RCDDH3 241.00 242.70 1.70 CORE 4.48

NOA7_8 18RCDDH9 232.37 235.00 2.63 CORE 1.97

NOA7_8 18RCDDH9 241.00 247.00 6.00 CORE 4.16

NOA7_8 18RCDDH9 250.85 252.00 1.15 CORE 2.21

NOA7_8 18RCDDHMET2 187.00 188.00 1.00 CORE 1.07

NOA7_8 18RCDDHMET2 191.00 203.00 12.00 CORE 8.02

NOA7_8 18RCDDHMET2 222.10 224.00 1.90 CORE 3.46

NOA7_8 18RCDDHMET2 228.00 229.00 1.00 CORE 2.45

* true mineralization widths are unknown

The collar locations for NOA 7/8 drilling for 2018 program are shown in Figure 1, indicating the drill holes with

significant intercepts. The full set of drill results for the holes with significant intercepts are listed in Appendix A

and Appendix B.

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Figure 1 – Collar location map for NOA 7/8 drilling

NOA 7/8 Deep Exploration

NOA 7/8 is the northernmost portion of the N orth of Alliance (“NOA”) deposits at Burnakura Project with

Indicated Resource of 114 koz Au @ 4.6 g/t Au and Inferred Resource of 4 koz @ 3.9 g/t Au (refer to “NI 43-101

Technical Report: Updated Mineral Resources, Burnakura Gold Project, Western Australia, Australia” dated July

17, 2018, prepared by SRK Consulting (Australasia) Pty Ltd. at www.sedar.com). It contains a mineralised zone

over a strike length of 560m , hosted by predominantly sedimentary and felsi c volcanoclastic units . The target

NOA7/8

Pit

Drill hole with

significant intercepts

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drilled represents a down-plunge extension of the high grade mineralization, as shown in Figure 2.

Three deep holes (868m in total) successfully extended NOA 7 /8 northerly down plunge, confirming the

understanding of mineralization geometry as predicted. Several structural readings have been taken which are

integrating a regional structural study in progress.

Further drilling is needed to increase the confidence on the geometry and continuity of the mineralization (see

Figure 2). The deposit is still open at depth , and further additions are highly likely with a follow -up drilling

extension program. The significant intercepts for all drilling at the NOA 7 /8 drill program presented in Table 1

shows the great potential of mineral inventory expansion on the drilled target. The outcome of the drilling is

encouraging, extending the known mineralization at depth and assisting in the understanding of mineralization and

underground potential at NOA 7/8.

Figure 2 – Long Section for NOA 7/8 deep drilling, looking west, showing significant intercepts and

interpretation for mineralization

The results in general show widths and grade that can be sued to assess underground mining opportunities . A

follow-up drilling program is being designed to further extend the finalization at depth, to increase the confidence

on the mineralization geometry and grades, encouraging further underground mining economic study . Figure 3

shows an example of core samples for mineralized zones, with assayed grade results.

600m

Potential underground

development

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Figure 3 - Assay results from drill hole 18RCDDH9 (grades in g/t Au)

Grades received indicate the underground potential for NOA 7/8. Further drilling is however needed to allow

interpretation and incorporation into a resource model. With the style of mineralization, the current drill spacing

is too wide to infer a resource. A follow up program is being designed to both extend and define the mineralization

at depth. A suitably powerful RC rig can perform follow up infill, but a DD rig would be needed to discover further

extensions at depth. The deposit is still clearly open at depth, with the potential to extend the resource further with

deeper drilling.

NOA 7/8 Metallurgical Drilling

Two metallurgical holes (465m in total, of which 123m RC and 342m DD drilling) successfully intersected known

areas of mineralization at the NOA 7/8 deep, providing sufficient representative core sample material for further

testwork. Also the grade and width of the intercepts has evidenced the existence of high grade underground

mineralization of NOA 7/8. Figure 4 shows one example of core samples within a mineralized zone.

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Figure 4 - Assay results from drill hole 18DDHMET1 (grades in g/t Au)

Mineralogical and metallurgical testwork is underway at ALS laboratories, and is being supervised by Orway

Mineral Consultants Pty Ltd (“OMC”).

The scientific and technical information in this press release has been prepared by Mark Lynch-Staunton, MCSM,

MAIG, M.Sc Mining Geology; and supervised and approved by Roger Stangler, MEng, MAusIMM, MAIG, a

Qualified Person as defined by NI43-101, both retained by Monument Mining Limited.

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-Iron 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 em ploys approximately 19 5 people in both regions and is

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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 GmbH T: +49 711-82 09 7211 [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 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 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 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 cause actual results or achievements to differ materially from th ose 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 res ults 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 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 profile 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 flows which may be generated from the operations, general economic factors and other factors that may be b eyond 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 res ults of

development and exploration act ivities; 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 statements 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.

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Appendix A

NOA 7/8 Exploration RC and DD Drilling Campaign 2018: collar coordinates in MGA94, Zone 50 grid

Hole ID End of Hole

Depth (m)

East

(m)

North

(m)

Dip Azimuth

18DDHMET1 200.4 645629.7 7011360 457.45 -77.1 272.8

18RCDDHMET2 264.5 645621.3 7011506 457.05 -75.2 271.3

18RCDDH3 300.9 645635.1 7011570 456.69 -81.3 269.7

18RCDDH9 263.0 645606.6 7011680 456.27 -87.8 282.3

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Appendix B

Assay Results for NOA 7/8 RC and DD Drilling Campaign 2018

Hole ID From

(m)

g/t

Hole ID From

(m)

g/t Hole ID From

(m)

g/t

18DDHMET1 0 144 - 18RCDDH3 178 179 0.005 18RCDDH3 218 219 0.005

18DDHMET1 144 145.1 0.04 18RCDDH3 179 180 0.005 18RCDDH3 219 220 0.005

18DDHMET1 145.1 146 1.21 18RCDDH3 180 181 0.005 18RCDDH3 220 221 0.005

18DDHMET1 146 147 0.14 18RCDDH3 181 182 0.005 18RCDDH3 221 222 0.005

18DDHMET1 147 148 0.35 18RCDDH3 182 182.5 0.005 18RCDDH3 222 223 0.005

18DDHMET1 148 149 0.5 18RCDDH3 182.5 183 0.005 18RCDDH3 223 224 0.005

18DDHMET1 149 150 1.31 18RCDDH3 183 184 0.005 18RCDDH3 224 225 0.005

18DDHMET1 150 151 8.48 18RCDDH3 184 184.67 0.005 18RCDDH3 225 226 0.005

18DDHMET1 151 152 5.5 18RCDDH3 184.67 184.95 0.005 18RCDDH3 226 227 0.005

18DDHMET1 152 153 5.45 18RCDDH3 184.95 186 0.005 18RCDDH3 227 228 0.005

18DDHMET1 153 154 4.45 18RCDDH3 186 187 0.005 18RCDDH3 228 229 0.005

18DDHMET1 154 155 1.38 18RCDDH3 187 188 0.005 18RCDDH3 229 230 0.005

18DDHMET1 155 156 4.56 18RCDDH3 188 189 0.005 18RCDDH3 230 231 0.005

18DDHMET1 156 157 4.6 18RCDDH3 189 189.84 0.005 18RCDDH3 231 232 0.01

18DDHMET1 157 158 11.2 18RCDDH3 189.84 190.43 0.005 18RCDDH3 232 233 0.01

18DDHMET1 158 159 9.65 18RCDDH3 190.43 191.05 0.005 18RCDDH3 233 234 0.005

18DDHMET1 159 160 18.45 18RCDDH3 191.05 191.6 0.02 18RCDDH3 234 235 0.005

18DDHMET1 160 160.5 9.03 18RCDDH3 191.6 192.5 0.01 18RCDDH3 235 236 0.005

18DDHMET1 160.5 161 4.11 18RCDDH3 192.5 193.25 0.03 18RCDDH3 236 237 0.01

18DDHMET1 161 162 0.01 18RCDDH3 193.25 194 0.02 18RCDDH3 237 237.95 0.02

18DDHMET1 162 200.4 - 18RCDDH3 194 195 0.1 18RCDDH3 237.95 239 0.46

18RCDDH3 0 156.57 - 18RCDDH3 195 196 0.01 18RCDDH3 239 240 0.56

18RCDDH3 156.57 157 0.03 18RCDDH3 196 197 0.005 18RCDDH3 240 241 0.7

18RCDDH3 157 158 0.02 18RCDDH3 197 198 0.02 18RCDDH3 241 242 6.41

18RCDDH3 158 159 0.01 18RCDDH3 198 198.6 0.16 18RCDDH3 242 242.7 1.72

18RCDDH3 159 160 0.01 18RCDDH3 198.6 199.6 0.01 18RCDDH3 242.7 243.5 0.35

18RCDDH3 160 160.95 0.01 18RCDDH3 199.6 200.63 0.005 18RCDDH3 243.5 244 0.17

18RCDDH3 160.95 162 0.01 18RCDDH3 200.63 201.23 0.005 18RCDDH3 244 245 0.28

18RCDDH3 162 163 0.01 18RCDDH3 201.23 202.4 0.005 18RCDDH3 245 246 0.23

18RCDDH3 163 164 0.06 18RCDDH3 202.4 203.34 0.005 18RCDDH3 246 247 0.35

18RCDDH3 164 165 0.01 18RCDDH3 203.34 204.4 0.005 18RCDDH3 247 247.8 0.2

18RCDDH3 165 166 0.005 18RCDDH3 204.4 205.4 0.005 18RCDDH3 247.8 248.5 0.07

18RCDDH3 166 166.58 0.02 18RCDDH3 205.4 206.2 0.005 18RCDDH3 248.5 249 0.31

18RCDDH3 166.58 167.48 0.02 18RCDDH3 206.6 207.2 0.005 18RCDDH3 249 250 0.85

18RCDDH3 167.48 168 0.05 18RCDDH3 207.2 208.2 0.005 18RCDDH3 250 250.76 0.01

18RCDDH3 168 168.95 0.07 18RCDDH3 208.2 209.25 0.005 18RCDDH3 250.76 260.8 0.01

18RCDDH3 168.95 170 0.005 18RCDDH3 209.25 209.7 0.005 18RCDDH3 260.8 300.9 -

18RCDDH3 170 171 0.01 18RCDDH3 209.7 210.2 0.005 18RCDDH9 0 205.26 -

18RCDDH3 171 172 0.01 18RCDDH3 210.2 211 0.005 18RCDDH9 205.26 206 0.005

18RCDDH3 172 172.9 0.01 18RCDDH3 211 212 0.005 18RCDDH9 206 207 0.02

18RCDDH3 172.9 173.4 0.005 18RCDDH3 212 213 0.005 18RCDDH9 207 208 0.005

18RCDDH3 173.4 174 0.005 18RCDDH3 213 214.05 0.005 18RCDDH9 208 209 0.005

18RCDDH3 174 175.05 0.005 18RCDDH3 214.05 215 0.005 18RCDDH9 209 209.52 0.005

18RCDDH3 175.05 176 0.005 18RCDDH3 215 216.2 0.005 18RCDDH9 209.52 210 0.005

18RCDDH3 176 177 0.005 18RCDDH3 216.2 217.35 0.005 18RCDDH9 210 211.2 0.01

18RCDDH3 177 178 0.005 18RCDDH3 217.35 218 0.005 18RCDDH9 211.2 212 0.01

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