Mr. Robert Baldock reports

MONUMENT MINING EXPECTS NATIONAL INSTRUMENT 43-101 REPORT BY LATE NOVEMBER 2011 ON THE MENGAPUR POLYMETALLIC PROJECT, PAHANG STATE, MALAYSIA AND COMPLETES A POSITIVE IN-HOUSE DUE DILIGENCE STUDY

Monument Mining Ltd. has completed its technical due diligence on the Mengapur project. A National Instrument 43-101-compliant technical report on the Mengapur polymetallic copper-sulphur-gold-silver project is expected to be filed under SEDAR in late November, 2011. The Mengapur project is located in the Pahang state, Malaysia, 16 kilometres from the town of Sri Jaya and a major highway, approximately 75 kilometres from the Malaysian port of Kuantan, and 130 kilometres from Monument's wholly owned Selinsing gold mine. The company announced previously that it has signed a binding memorandum of understanding with the owner of the Mengapur project in acquiring 70 per cent of the Mengapur project, subject to due diligence, the board approval and all other regulatory approval.

In October, 2011, the company engaged Snowden Mining Industry Consultants to prepare an NI 43-101-compliant technical report to be entitled "NI 43-101 technical report, Monument Mining Ltd., Mengapur property, Pahang state, Malaysia" and to be dated November, 2011. In preparing the Snowden report, Snowden has reviewed the 10-volume study completed in 1990 by Normet Engineering Pty. Ltd., Australia, and the company has received the results of such review. The information in the historical study was a result of 10 years of work at an estimated cost of approximately $40-million (U.S.) that included over 58,000 metres of diamond drilling. The exploration program was conducted in the 1980s and was carried out by Malaysian Mining Corp., a Malaysian government-owned corporation.

The historical study states a historical resource at the Mengapur project for both oxide and sulphide material at 224,409,000 tonnes averaging 6.54 per cent sulphur, 0.25 per cent Cu, 0.16 gram per tonne Au and 8.86 g/t Ag, or 0.597 per cent Cu equivalent at a 0.336-per-cent Cu cut-off grade (see attached table). The historical proven and probable sulphide reserve located within the Lerchs Grossman optimized pit (SP6 design pit) in just zone A at a 0.336-per-cent CuEq cut-off grade contains a total of 64.8 million tonnes averaging 8.63 per cent sulphur, 0.27 per cent Cu, 0.21 g/t Au and 2.59 g/t Ag at an approximate 1.5 waste/ore strip ratio (see attached table). Both the resource and reserve calculations were conducted by James Askew and Associates out of Perth, Australia, as part of the historical study. The historical study does not clearly state whether the reported reserve is included in the resource estimate, nor does it discuss details of how indicated resources and probable reserves were classified for the Mengapur deposit. The historical study identifies that a proved or measured category required a minimum of 13 samples to inform the block, but did not specify a maximum search distance or number of drill holes used to support the classification. The James Askew Associates resource report used 50 m east-west by 40 m north-south by 10 m vertical blocks, subcelled to 25 m east-west by 20 m north-south by 10 m vertical blocks with estimations done by individual rock type using inverse distance squared methodology and no clearly identified metal grade capping strategy.

The historical resource and reserve estimates reported in the historical study are considered relevant because they provide an indication of the mineral potential of the Mengapur project. The historical resource and reserve estimates reported in the historical study use categories other than those set out in NI 43-101 and therefore should not be considered as mineral resources and mineral reserves as defined in the CIM guidelines. A qualified person (as defined under NI 43-101) has not done sufficient work to classify the historical estimates contained in this news release as current mineral resources or mineral reserves and Monument is not treating the historical estimates as current mineral resources or mineral reserves. Accordingly, the historical resource and reserve estimates reported in the historical study should not be relied upon. In order to bring the historical Mengapur resources and reserves in the historical study up to current CIM Guidelines and thereby compliant with NI 43-101, the following items need to be addressed:

• The use of more current mining costs;
• The use of three-year trailing average metal prices as of November, 2011;
• The confirmation of metal recoveries for the oxide and sulphide ores using more modern and available reagents;
• The confirmation of the classification of the mineral resources and reserves at the property;
• The conducting of additional drilling and assaying (including twinned holes of previous drilling to confirm the historical drilling work that includes currently acceptable quality assurance and quality control programs, certified independent assay laboratories, and appropriate geological supervision by a qualified person).

The operations plan in the historical study recommended a 23-year mine life (operating 348 days per year) and using an 8,500-tonne-per-day Cu processing plant operation. Under this plan, the pyrrhotite concentrate was going to be roasted to produce 590,000 tpa of sulphuric acid which would be converted to 203,000 tonnes per annum of P2O5 in the form of phosphoric acid. This is based on a mining rate of 753,424 tonnes per day (2.75 million tonnes per year) to produce about 30,500 tonnes of Cu concentrate and about 620,000 tonnes of pyrrhotite concentrate per year over the 23-year mine life. The historical study envisioned total employment at the mine at 489 workers.

    MENGAPUR PROJECT HISTORICAL SULPHIDE RESERVE ESTIMATE AS OF
 OCTOBER, 1990, USING A 0.336-PER-CENT EQUIVALENT CU CUT-OFF GRADE

                       Tonnes     Eq. Cu    S      Cu     Au     Ag
                     (million t)    (%)    (%)     (%)  (g/t)   (g/t)

Sulphide   Proven       26.467     0.803   9.20   0.31   0.25   2.46
           Probable     38.324     0.691   8.23   0.24   0.19   2.68
Total                   64.800     0.737   8.63   0.27   0.21   2.59

Notes:  Equivalent Cu is based on the following assumptions: recoveries 
for Cu, Ag, Au and S of 76.6 per cent, 47 per cent, 48 per cent and 
82 per cent, respectively; and commodity prices in U.S. dollars per 
kilogram equal to $1.37 Cu, $4,107 Au; $65 Ag; nine cents S and a 
combined mining and processing cost of $4.496 (U.S.) per tonne. The 
historical reserve is based on the A, B and C zones. The disclosure 
of historical reserves is not meant to imply that there is any current 
economic viability. This would require completion of at least a 
preliminary feasibility study.

MENGAPUR PROJECT HISTORICAL RESOURCE ESTIMATE AS OF OCTOBER
 1990 USING A 0.336-PER-CENT EQUIVALENT CU CUT-OFF GRADE

                       Tonnes     Eqv. Cu   S      Cu     Au     Ag
                     (million t)    (%)    (%)     (%)  (g/t)   (g/t)

Oxide      Measured     4.866     0.419       0   0.47   0.05   27.82
           Indicated   16.406     0.557       0   0.64   0.12   26.45
Subtotal               21.272     0.525       0   0.60   0.10   26.70
                                                                                                                
Sulphide   Measured    63.438     0.661   7.622   0.25   0.18    3.30
           Indicated  139.699     0.579   7.040   0.19   0.13    3.85
Subtotal              203.137     0.605   7.222   0.21   0.15    3.68
                                                                                                                
Total                 224.409     0.597    6.54   0.25   0.16    8.86

Notes:  The same recoveries and commodity prices stated for the 
reserves in the attached table were used for the resources.

The decision to further the acquisition of the Mengapur project is based on a positive result of due diligence work conducted over the last three months by representatives of a technical team comprising an independent qualified person and non-independent mining professionals working directly for the company. Included in the due diligence study was a review of the land, environmental risks, the historical drill hole data consisting of 198 diamond drill holes totalling over 58,000 m conducted from 1983 to 1988, and a critical review of the historical resources and reserves and mining plan included in the historical study. In addition, five diamond drill holes totalling 1,161 metres have been completed to date in the A zone historical reserve area to help verify the previous work. Initial drilling results and assays confirm the existence of the historically defined polymetallic mineralization based on two twinned and three infill drill holes. Drilling is in progress at the project under the supervision of Todd Johnson, PE, and an on-site geological staff with three diamond drills to help with continuing metallurgy studies.

An existing copper processing plant is at the site that has a capacity of 500,000 tpa in its current configuration. The company is looking at the feasibility of constructing a new Cu processing plant and a new roaster at the Mengapur project site.

Other opportunities for the project that are being examined include: an oxide leach operation to extract Au, Ag and potential Cu in the soils that overlie the sulphide orebody; and Fe production (magnetite concentration) from both the soils and the sulphide rock.

Todd Johnson, PE, MAusIMM, MSc, geological engineering and MSc, geology, is the qualified person as defined under National Instrument (NI) 43-101 who has reviewed and approved the technical information summarized in this news release. Mr. Johnson is considered to be an independent qualified person of Monument. He has visited the property, and as part of the technical team, he monitored and reviewed the project data during the due diligence period, and worked closely with Snowden in November, 2011, on the Snowden report. In late November, 2011, Monument expects to file on SEDAR the Snowden report, which will describe the historical mineral resources and reserves discussed herein and included in the historical study.

We seek Safe Harbor.