The TSX Venture Exchange has accepted for filing an acquisition agreement dated Nov. 23, 2011, between Monument Mining Ltd., Diamond-Hard Mining Sdn. Bhd. (DH), the shareholders of DH, Malaco Mining Sdn. Bhd., Certma Aman Sdn. Bhd. (CASB) and Monument Mengapur Sdn. Bhd. (MMSB).

The company is acquiring a 70-per-cent interest in the Mengapur project from Malaco. Malaco is a wholly owned subsidiary of DH and CASB is a wholly owned subsidiary of Malaco. CASB holds 100 per cent of the Mengapur project, except for certain oxide magnetite iron materials. MMSB is a wholly owned subsidiary of the company.

In order to acquire the Mengapur project, the company (via MMSB) must pay $60-million (U.S.) in cash and issue 300 MMSB shares (representing a 30-per-cent interest in MMSB) to Malaco or its designated beneficiary in exchange for 100 per cent of the issued and outstanding shares in CASB and certain equipment and assets of Malaco.

For further information, please see the company's news releases dated May 31, 2011, and Dec. 2, 2011, and the management information circular dated Nov. 25, 2011.