MMY.V · 2018-07-16 12:00:00

Monument Announces Significant Intercepts at Peranggih

Drill Results

MONUMENT MINING LIMITED News Release July 16, 2018

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July 16, 2018 News Release Release #12 2018

Vancouver, B.C., July 16, 2018, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the

“Company” is pleased to announce the drill results received from the infill and extension drilling program (“the

2018 drilling program”) at the Peranggih Gold Prospect (“Peranggih”) initiated in February 2018.

Highlight of the Best Intercepts at Peranggih

HOLE ID* From(m) To (m) Drilled Width (m) ~True Width

(m) Au g/t

PGDD032 0.0 8.9 8.9 8.6 4.29

PGDD040 47.3 49.9 2.6 2.3 3.37

PGDD059 3.6 9.0 5.4 4.7 2.42

PGRC006 32.0 42.00 10.0 9.8 10.29

PGRC019 28.0 32.0 4.0 2.6 4.86

*all holes dipping 60 degrees to Azimuth 270 degrees.

Peranggih is located approximately 10 km North of the Selinsing Gold Mine (Figure 1). It has been identified as

a new Gold Field hosting a significant mineralized hydrothermal breccia system. It has 1.2 km strike length with

width varying from 25m to 50m, and depth from 40m to 70m. The mineralization occurs in the same regional

shearing structure hosting Selinsing and Buffalo Reef deposits. The country rock of argillite, felsic tuff and discreet

black shale were highly deformed as observed at Peranggih North ’s more exposed area. The shear zone is more

pronounced at the boundary of black shale and argillite and these structures are significant for the gold

emplacement and deposition and continue to be a prime target for exploration.

MONUMENT MINING LIMITED News Release July 16, 2018

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Figure 1 – Location of the Peranggih Area in relation to Selinsing Property and gold plant.

The 2018 Drilling Program at Peranggih

The 2018 drilling program is designed to cover strike and down dip extensions of the high grade mineralization

area at an historical mining site at Peranggih North. This mineralization of 150m strike length x 80m width was

identified in 2017 through a 5m x 5m close spaced RAB drilling program. The aim of the 2018 drilling is to test

continuity of the mineralization, and to verify extension down dip and along the strike for other zones trenched

and drilled previously including Peranggih South, North 114 and NW.

The 2018 drilling program has completed a total of 2,725m of drilling from 55 drill holes, comprised of 1,015m

for 21 DD drill holes and 1,710m for 34 RC drill holes at Peranggih North, South and North 114 areas (Figure 2).

The location of the completed drill holes in relation to the four zones is shown in Figure 2. All completed

exploration drill holes are inclined and dipping 60 degrees to the west (azimuth 270 degrees), aiming to intercept

approximately perpendicular to mineralized structure except for one vertical hole. Drill depths are ranging from

20m to 95m.

MONUMENT MINING LIMITED News Release July 16, 2018

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Figure 2 – Location of the 2018 drilling program completed for Peranggih in relation to the four mineralization

zones, highlighting significant intercepts.

An example of a cross-section showing the interpretation for the gold mineralization and significant gold

intercepts is shown in Figure 3.

PGR006: 10.00m @ 10.29 g/t Au

PGDD040: 2.60m @ 3.37 g/t Au

PGDD59: 5.40m @ 2.42 g/t Au

PGDD32: 8.90m @ 4.29 g/t Au

PGRC019: 4.00m @ 4.86 g/t Au

South

North

North 114

RC Drilling: PGRC Drill Holes

DD Drilling: PGDD Drill Holes

Interpreted Au Mineralization Boundary

MONUMENT MINING LIMITED News Release July 16, 2018

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Figure 3 – Cross-section N479980 looking north, showing interpretation for LG and HG domains, and

significant intercepts at HG domain.

The recent 2018 drilling program completed so far confirmed the down dip extension and boundary refinement of

several high gold grade (HG) zones surrounded by a main low grade gold (LG) halo in Peranggih North, and the

identification of HG bodies that can be surrounded or not by LG halos at Peranggih South area . The more

continuous significant drill intersections (Au >2.0 g/t & > 2.5m length) are presented in the table above. PGDD

holes are of diamond type, and PGRC holes are of RC type. Other more isolated medium to high grade intersects

has also been recorded. The full set of drill results for the holes with significant intercepts are listed in Appendix

A and Appendix B.

The work to date allowed a better delineation of the LG and HG mineralization, reducing the inclusion of internal

dilution within the modeled gold lodes. The modelling is at the completion stage. A good part of the in-fill drilling

confirming mineralization is going to be used to delineate Indicated Resources at the areas where the initial internal

interpretation has been completed based on sparse regional drilling and trenching.

Peranggih South N479980

LG gold domain

HG gold domain

MONUMENT MINING LIMITED News Release July 16, 2018

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Follow up Bulk Sample and Exploration Programs

The Company plans to carry out a 10,000t bulk sample testwork through the existing Selinsing oxide gold

processing plant to establish the average grade of the close spaced drilled area at Peranggih North; and test the

metallurgical performance at plant scale. This work can commence as soon as the access road has been prepared

targeting early 2019.

Further infill/extension d rilling targets have been identified around the higher to medium grade intercepts

especially for Peranggih South and may start towards the end of the third quarter of fiscal 2019, depending upon

successful results of the bulk sampl e testwork. The extension drilling at average spacing of 50m x 100m in the

NW Peranggih area has also been planned to understand mineralization structure and to identify regional

exploration targets.

Roger Stangler, Chief Managing Geologist of the Company, MEng, MAusIMM, MAIG, has prepared, reviewed,

supervised the preparation and approved the scientific and technical disclosure in this news release as a Qualified

Person under NI43-101 standards.

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 employs approximately 190 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 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 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 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,

MONUMENT MINING LIMITED News Release July 16, 2018

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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 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 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 exploratio n 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 i mportant 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.

MONUMENT MINING LIMITED News Release July 16, 2018

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Appendix A

- Peranggih Infill and Extension RC and DD Drilling Campaign 2018: collar coordinates

in Kertau MRSO Coordinate System

Hole ID End of Hole

Depth (m)

East North RL Dip Azimuth

PGDD032 40 422980.1 480242.9 123.082 -60 270

PGDD040 75 423015.7 480308.7 110.744 -60 270

PGDD059 30 422969.3 480262.9 123.366 -60 270

PGRC006 50 423144.0 479858.6 126.208 -60 270

PGRC019 50 423090.8 479980.7 107.920 -60 270

MONUMENT MINING LIMITED News Release July 16, 2018

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Appendix B

- Assay Results for Peranggih Infill and Extension RC and DD Drilling Campaign 2018

Hole ID From

(m)

g/t

Hole ID From

(m)

g/t Hole ID From

(m)

g/t

PGDD032 0 1 2.58 PGDD040 10.7 11.9 0.78 PGDD040 57.5 58.7 0.03

PGDD032 1 2.5 10.9 PGDD040 11.9 12.6 5.98 PGDD040 58.7 59.7 0.01

PGDD032 2.5 4 9.95 PGDD040 12.6 13.6 0.65 PGDD040 59.7 60.5 0.02

PGDD032 4 5.2 0.52 PGDD040 13.6 14.6 0.25 PGDD040 60.5 61.5 0.005

PGDD032 5.2 6.6 0.4 PGDD040 14.6 15.7 1.59 PGDD040 61.5 62.7 0.13

PGDD032 6.6 7.9 1.49 PGDD040 15.7 16.6 0.16 PGDD040 62.7 64.1 0.12

PGDD032 7.9 8.9 1.2 PGDD040 16.6 17.9 0.11 PGDD040 64.1 65.6 0.01

PGDD032 8.9 9.9 0.86 PGDD040 17.9 18.7 0.08 PGDD040 65.6 66.6 0.01

PGDD032 9.9 11 0.17 PGDD040 18.7 19.7 0.1 PGDD040 66.6 67.6 0.005

PGDD032 11 11.9 0.1 PGDD040 19.7 21.1 0.08 PGDD040 67.6 68.9 0.005

PGDD032 11.9 12.9 0.2 PGDD040 21.1 21.8 0.03 PGDD040 68.9 70 0.005

PGDD032 12.9 13.9 0.85 PGDD040 21.8 22.6 0.05 PGDD040 70 71.2 0.005

PGDD032 13.9 15 0.51 PGDD040 22.6 23.6 0.05 PGDD040 71.2 72 0.05

PGDD032 15 16 0.1 PGDD040 23.6 24.7 0.03 PGDD040 72 72.9 0.04

PGDD032 16 17 0.09 PGDD040 24.7 25.6 0.04 PGDD040 72.9 74 0.02

PGDD032 17 17.55 0.14 PGDD040 25.6 26.6 0.04 PGDD040 74 75 0.01

PGDD032 17.55 18 0.01 PGDD040 26.6 27.6 0.04 PGDD059 0 0.5 0.32

PGDD032 18 19.3 0.005 PGDD040 27.6 28.6 0.11 PGDD059 0.5 1.5 0.13

PGDD032 19.3 20 0.01 PGDD040 28.6 29.7 0.06 PGDD059 1.5 2.5 0.32

PGDD032 20 21 0.005 PGDD040 29.7 30.4 0.04 PGDD059 2.5 3.6 0.27

PGDD032 21 22 0.005 PGDD040 30.4 31.2 0.02 PGDD059 3.6 4.6 1.05

PGDD032 22 23 0.005 PGDD040 31.2 32.2 0.03 PGDD059 4.6 5.7 0.45

PGDD032 23 24 0.005 PGDD040 32.2 33.7 0.03 PGDD059 5.7 6.8 0.68

PGDD032 24 25 0.02 PGDD040 33.7 34.9 0.04 PGDD059 6.8 8 5.42

PGDD032 25 26 0.005 PGDD040 34.9 35.9 0.05 PGDD059 8 9 4.29

PGDD032 26 27 0.005 PGDD040 35.9 37.4 0.02 PGDD059 9 9.7 0.31

PGDD032 27 27.8 0.005 PGDD040 37.4 38.6 0.02 PGDD059 9.7 10.7 0.8

PGDD032 27.8 29.3 0.005 PGDD040 38.6 40.1 0.01 PGDD059 10.7 12 0.08

PGDD032 29.3 30.3 0.005 PGDD040 40.1 41.3 0.05 PGDD059 12 12.5 0.05

PGDD032 30.3 31 0.005 PGDD040 41.3 42 0.09 PGDD059 12.5 13.7 0.03

PGDD032 31 32 0.02 PGDD040 42 43 0.17 PGDD059 13.7 14.8 0.04

PGDD032 32 33.2 0.03 PGDD040 43 44.2 0.51 PGDD059 14.8 15.8 0.14

PGDD032 33.2 34 0.005 PGDD040 44.2 45.2 0.1 PGDD059 15.8 17 0.03

PGDD032 34 34.8 0.005 PGDD040 45.2 46.3 0.03 PGDD059 17 17.8 0.04

PGDD032 34.8 35.7 0.005 PGDD040 46.3 47.3 0.31 PGDD059 17.8 18.7 0.02

PGDD032 35.7 36.8 0.02 PGDD040 47.3 48.1 1.23 PGDD059 18.7 20 0.02

PGDD032 36.8 37.85 0.01 PGDD040 48.1 49 0.04 PGDD059 20 21 0.02

PGDD032 37.85 40 0.02 PGDD040 49 49.9 8.61 PGDD059 21 22 0.02

PGDD040 0 1 1.2 PGDD040 49.9 50.7 0.05 PGDD059 22 23.2 0.02

PGDD040 1 2 0.42 PGDD040 50.7 51.4 0.05 PGDD059 23.2 24.45 0.01

PGDD040 2 3 0.12 PGDD040 51.4 52.1 0.07 PGDD059 24.45 25.3 0.02

PGDD040 3 3.8 0.08 PGDD040 52.1 53.3 0.1 PGDD059 25.3 26 0.03

PGDD040 3.8 4.5 0.03 PGDD040 53.3 54.3 0.02 PGDD059 26 27 0.01

PGDD040 4.5 5.5 0.03 PGDD040 54.3 55.3 0.01 PGDD059 27 28.1 0.02

PGDD040 5.5 6.5 0.02 PGDD040 55.3 56.4 0.02 PGDD059 28.1 29 0.01

PGDD040 6.5 7.5 0.09 PGDD040 56.4 57.5 0.04 PGDD059 29 30 0.01

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