Monument Announces Selinsing Gold Mine in Malaysia Resumes Production

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July 5, 2021 News Release Release #17 - 2021

Monument Announces Selinsing Gold Mine in Malaysia Resumes Production

Vancouver, B.C., July 5, 2021, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monume nt” or the

“Company”) announces that the Malaysia authorities have transitioned the movement control order

(“MCO”) in five states into Phase 2 effective July 5, 2021 under the National Recovery Plan, including Pahang

State.

Under the Phase 2, Selinsing Gold Mine is now back to production with up to 80% employees being allowed

working at the site. Employe rs must ensure physical distancing and adherence to the standard operating

procedures at all times.

CEO and President Cathy Zhai said: “The production starts to be resumed at Selinsing Gold Mine according to our

recovery plan. We will be closely monitoring the Covid status and put employees’ safety as priority.”

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 comprising 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 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]

"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

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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 variati ons 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 an d

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, e conomic, competitive, geopolitical 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 mi ning 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 f actors 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 est imated future production; the 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 b e 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 Co mpany does not

undertake to update any forward-looking statements, except in accordance with applicable securities laws.