Monument Enters MOU for Bisie North Tin and Gold Prospect
February 13, 2017 News Release Release #4 - 2017
Monument Enters MOU for Bisie North Tin and Gold Prospect
Vancouver, B.C., February 13, 2017, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument”
or the “Company ” announces it has entered into a Memorandum of Understanding (the “ MOU”) with Klaus
Eckhof and Mines D’OR SARL, a company incorporated in Democratic Republic of Congo (“DRC”), (together
the “Vendor”) to acquire a 60% interest in Bisie North Tin and Gold Prospect (“Bisie North”) and an Exclusive
Option to acquire a further 30% interest in Bisie North at its sole discretion . This is an additional move in
exploring opportunities for potential large precious metal and other base metal projects in the DRC and
elsewhere over recent years.
The tenement of Bisie North is registered under Mines D’OR and controlled by Klaus Eckhof. Bisie North is
located in the Walikale District of North Kivu in the Democratic Republic of Congo (“DRC”), adjacent to the
North of the Bisie Tin Project. In 2012 and 2013, Klaus Eckhof vended the Bisie Tin Project as a new promising
tin discovery into a TSX-V listed company - Alphamin Resources Corp. , which has now become one of the
highest grade Tin projects in the world close to construction stage. The mineralization structure and trend of the
Bisie Tin Project opens to the northern boundary at Bisie North and it is highly li kely could continue onto Bisie
North. As the region is underexplored and these type of deposits occur in clusters, Bisie North is highly
prospective. A NI 43-101 report for Bisie North is presently in preparation.
Within the region where Bisie North is situated, historic gold mining activities were carried by former Belgium
Congo operators and artisanal miners prior to establishment of DRC.
Under the MOU, t he Company will pa y US$100,000 in cash and issue 10,000,000 Monument shares to the
Vendor for the 60% interest in Bisie North and an Exclusive Option for another 30% interest in Bisie . Should
Monument choose to exercise the Option in acquiring a further 30% ownership within the next 6 -month period,
an additional 20,000,000 shares will be issued to the Vendor. Closing of the transaction is subject to certain
conditions including completion of due diligence and a definitive agreement, and obtaining the Board and TSX-
V approvals.
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 Polymetallic 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 240 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. The Company has also been looking in other count ries seeking
potential opportunities for larger resources, including the Democratic Republic of the Congo (“DRC”).
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the compa ny 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 r eferred 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", o r "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 achiev ed". 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, 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 risk s 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 assump tions used to devel op
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 exploration activities; mining or processing issues; exchange rate s; 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 o f 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 sta tements 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.