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MNRG.V ·

Monumental GOLD Corp. Grants Stock Options

Share Capital & Compensation

MONUMENTAL GOLD CORP. GRANTS STOCK OPTIONS

News Release - Vancouver, British Columbia – May 14 , 2021 : Monumental Gold Corp.

(“Monumental”) (TSX-V:MGLD) announces the granting of incentive stock options (“Options”) to

certain of its directors, officers and consultants to purchase up to an aggregate 2,080,000 common shares

of the Company at a price of $0. 38 per common share for a period of two years. The Options vest on

the date of grant.

About Monumental Gold Corp.: Monumental Gold Corp. is a mineral exploration company focused

on the acquisition, exploration and development of mineral resource properties. The Company has an

option to acquire a 100% interest and title to the Weyman property located in the Kamloops and Nicola

Mining Divisions and in the Thompson Nicola Regional District, British Columbia.

Contact Information - For more information, please contact:

Todd Macdonald, Chief Executive Officer

Tel: (604) 313-8368

Email: [email protected]

Neither the 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 news release.

Cautionary Statement Regarding Forward Looking Information

This news release contains “forward‐looking information or stateme nts” within the meaning of applicable securities

laws, which may include, without limitation, other statements relating to the technical, financial and business prospects

of the Company, its projects and other matters . All statements in this news release, other than statements of historical

facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although

the Company believes the expectations expressed in such forward -looking statements are based on reaso nable

assumptions, such statements are not guarantees of future performance and actual results may differ materially from

those in the forward -looking statements. Such statements and information are based on numerous assumptions

regarding present and future business strategies, including the price of metals, the ability to achieve its goals, and that

general business and economic conditions will not change in a material adverse manner. Such forward -looking

information reflects the Company’s views with respe ct to future events and is subject to risks, uncertainties and

assumptions, including those filed under the Company’s profile on SEDAR at www.sedar.com. Factors that could cause

actual results to differ materially from those in forward looking statements i nclude, but are not limited to, continued

availability of capital, general economic, market, business conditions, failure to maintain all necessary government

permits, equipment failures, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate,

approvals and authorizations, and failure to maintain community acceptance (including First Nations). The Company

does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.