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Monument Appoints Graham Dickson as Chairman of the Board

Management Changes

February 11, 2021 News Release Release #03 - 2021

Monument Appoints Graham Dickson as Chairman of the Board

Vancouver, B.C ., February 11 , 2021, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) “ Monument” or the

“Company” is pleased to announce the appointment of Mr. Graham Dickson as Chairman of the Board, and the appointment

of Mr. Jean-Edgar de Trentinian as a board member, effective immediately.

“On behalf of the board and the Company, I am delighted to welcome Mr. Dickson to be Chairman of the Board of

Directors”, remarked Ms. Cathy Zhai, Director, President and CEO, “His strong mining background will carry on serving

Monument going forward as we continue on our growth path to build a strong Company for all stakeholders . I would also

like to welcome Mr. Trentinian back to the Monument Board of Directors. His past history and accomplishments combined

with extensive contacts in the European business and investment communities will strengthen our Board.”

Mr. Dickson is a mining executive with over 35 years of extensive experience in the gold mining industry and has built

numerous gold treatment plants in remote areas of the world. He has been on the board of directors of Monument Mining

since December 2011. He has been serving as President for NouHgt Technologies Inc. since 2011; and previously served as

Director, Chief Operating Officer and other positions at Veris Gold Corp. Veris was a gold producer of over 150,000 ounces

per year and held a diverse portfolio of gold, silver, zinc and copper properties in the Yukon Territory and British Columbia,

Canada as well as in the states of Arizona and Nevada in the U.S.A. Mr. Dickson also served in various capacities with

BYG Natural Resources Ltd., which had a go ld mine in the Yukon Territory; and acted as General Manager of a turnkey

construction company for gold milling facilities in remote locations, including the Snip Mill for Cominco Ltd., Golden

Patricia Mill for Bond Gold, Seebee Mill for Claude Resources and for surface facilities at the Julietta mine for Bema Gold.

Mr. Trentinian is a business executive based in Geneva, Switzerland. His background includes extensive experience at the

board of director’s level in mining, publishing, advertising, real estate, and communications, as well as served as a diplomat.

Mr. Trentinian is currently shareholder, President and C.E.O. of ORIFER S.A.. He previous severed as a director of Yukon -

Nevada Gold Corp., and as a director of Monument Mining Limited from 2011 to 20 17. He has administered and owned,

either partially or fully, a large number of companies over the years. He was also a diplomat, Head of Mission in Geneva

Switzerland, involved in political and humanitarian tasks. Mr. Trentinian was education in France, F rench Master and the

University in Switzerland, Arts & Métiers. He performed military service at the French Air-Force Headquarters.

About Monument

Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that owns and oper ates

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 P rojects 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 cer tain 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. Ma terial

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 econo mic

factors 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 estimat ed future

production; the expected timing a nd 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 assu mptions

described in the ma nagement 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.