Monument Permitted to Operate During MCO Period at the Selinsing Gold Mine in Malaysia
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April 30, 2020 News Release Release #09 - 2020
Monument Permitted to Operate During MCO Period
at the Selinsing Gold Mine in Malaysia
Vancouver, B.C., April 30, 2020, Monument Mining Limited (TSX -V: MMY and FSE: D7Q1) (“Monument” or the
“Company”) announce s that the approval for Selinsing Gold Mine to resume full operatio n during the
movement control order (“MCO”) period has b een received today . The Company is now preparing staff to
return to work safely under certain conditions.
CEO and President Cathy Zhai said: “ After six weeks suspension of the production , our employees are excited
to be able to go back to work. Employees’ health and safety is our first priority . The operation will be started in
stages in compliance with the Standard Operating Procedures in full force.”
The MCO was given by Malaysian Prime Minister effective March 18, 2020, and has being extended to MCO
phase 1, 2, 3 and now phase 4 till May 12, 2020 as a preventive measure against the Covid -19 Pandemic. The
Company had since applied for relief from the mining ban. During the MCO phase 4 period the mining ban has
been lifted from certain companies. The permitted operations have now also been allowed up to full capacity
to rebuild the economy.
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 and Ir on 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 19 5 people in both regions
and is committed to the highes t 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."
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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 "p lans", "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 result s "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 mat erially 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 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 anal ysis 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 releas e 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 beyond
the control of Monument; assumpti ons 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 and 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 assumptions described in the management discussion and analys is 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 resu lts 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.