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Monument Mining Announces Results of Annual General Meeting of Shareholders

Shareholder Meetings

October 28, 2020 News Release Release #16 - 2020

Monument Mining Announces Results of Annual General Meeting of Shareholders

Vancouver, British Columbia – Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monument” or the

“Company”) is pleased to announce the results from its Annual General Meeting of shareholders held on

October 28, 2020 in Vancouver, B.C.

Resolutions tabled at the AGM as proposed in the Information Circular dated on September 28, 2020 include appointing

Grant Thornton LLP as auditors and fixing the number of board members for the ensuring year at five, being Robert F.

Baldock, Cathy Zhai, Zaidi Harun, Graham Dickson, and Michael John Kitney . Each resolution and each nominee of the

board of directors have been approved by a vast majority of the shares voted.

Robert Baldock, Chairman commented, “I would like to thank again our shareholders for their long-standing support as

we progress towards 2021. Under changing market conditions and current progress towards funding and operation al

goals, we look forward with open mind s to improving corporate development and strategizing opportunities to

significantly lift up the value of the Company.”

For more information on these matters, please refer to Monument's Information Circular, available on SEDAR

(www.sedar.com) or visit our website at www.monumentmining.com.

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 Mengapu r 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 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

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 resu lts 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 phrase s 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, 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 assumptions 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 wh ich 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; mi ning 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 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 fo rward-

looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable

securities laws.