Monument Announces the Retirement of its Founder Robert Baldock
February 11, 2021 News Release Release #02 - 2021
Monument Announces the Retirement of its Founder Robert Baldock
Vancouver, B.C ., February 11 , 2021, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) “ Monument” or the
“Company” announces that Mr. Robert Baldock, the founder of Monument, has decided to resign from the Chairman of the
board of directors, to pursue his retirement after 18 years of service with the Company.
Ms. Cathy Zhai, the director, President and CEO comments: “It’s with a mixture of sadness and gratitude that we announce
the retirement of our founder, Robert Baldock; his strong leadership , his love to people and his dedication and talent to
stakeholders, and his many critical contributions to the formation and development of the Company since inception will be
greatly missed.”
Ms. Zhai continued: “It will be different without Mr. Baldock, however we will continue to carry on his determination, vision
and his persistence mov ing forward. On behalf of the board and the Company, we wish him the best, and the enjoyment of
his retirement.”
Mr. Baldock joined Monument (formally “Moncoa”) in 2002 and converted it into a mining business in 2007. As a legacy,
he steered it from the early beginning as a startup into the junior gold producer it is today with assets over US$253 million,
over 200 employees, and a mineral portfolio in Malaysia and Western Australia including the Selinsing Gold Mine, which
has been in commercial production since 2010 and generated over US$434 million in revenue to date.
Mr. Baldock had a very long career as an experienced mining executive and a qualified accountant with decades of hands-on
management of public and private corporations across a wide range of industries, focused on the mining industry. Mr. Baldock
has previously, since 1998 been a Director and CEO of the listed corporate entity that became Monument in 2007. He was
also President of the Golconda Group which included a controlled subsidiary, Nevada Goldfields Corporation building several
operating gold mines in Nevada, USA. Mr. Baldock’s role with the Golconda Group also included the role of Managing
Director of Duketon Ex ploration Limited which made a grass roots discovery of the Duketon gold mine project in Western
Australia, built the mine and mill and operated the project.
About Monument
Monument Mining Limited (TSX -V: MMY, FSE: D7Q1) is an established Canadian gold pr oducer 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 205 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
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 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 u ncertainties; 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 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 a nd 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 important factors th at 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.