Mr. George Molyviatis of GoldMet BV reports

MONUMENT MINING SHAREHOLDER GOLDMET ANNOUNCES SUPPORT FOR KREIMER'S NOMINEES

George Molyviatis and GoldMet BV, holders in aggregate of 54,112,500 common shares of Monument Mining Ltd., representing 19.67 per cent of the 275,158,030 outstanding shares of Monument, have determined to vote in favour of the dissident slate of directors led by Avner Kreimer.

Mr. Molyviatis states: "Avner is known to me, and although I had advised him that I was uncertain as to whether GoldMet could vote for him or support him and his slate when he was preparing to launch a dissident campaign, I have now determined to do so. The reason for this hesitancy was that GoldMet had entered into an agreement on Feb. 17, 2013, which contained support provisions in favour of company management for one year. Management called the [annual general meeting] barely more than 10 months following the previous AGM in an attempt to take advantage of these support provisions twice in the 12-month period."

Following a request from Monument last week to vote those shares in management's favour, GoldMet sought and received legal advice, and concluded that Monument breached a fundamental term of the agreement. Specifically the agreement required management to recommend that the board adopt a dividend policy involving a shareholder dividend being paid by June 30, 2013. GoldMet believes that no such recommendation was made. GoldMet has advised Monument that the breach of the agreement constituted a repudiation of the agreement and that GoldMet was no longer bound by the agreement in the circumstances.

As a result of GoldMet's decision to vote its shares in favour of the slate of proposed directors nominated by Mr. Kreimer, GoldMet may be considered to be acting jointly or in concert with Mr. Kreimer for this purpose.

Mr. Kreimer has disclosed that he holds 160,000 common shares of Monument, representing approximately 0.06 per cent of the outstanding shares of Monument. Combined, GoldMet and Mr. Kreimer hold 54,272,500 common shares, representing 19.72 per cent of the currently issued and outstanding shares of Monument.

GoldMet acquired the common shares of Monument for investment purposes, and has no present intention to acquire further securities of Monument, although GoldMet may in the future participate in financings and/or acquire or dispose of securities of Monument in the market, privately or otherwise, as circumstances or market conditions warrant. Pursuant to the requirements of Section 5.2 (2)(b) of National Instrument 62-104 -- Takeover Bids and Issuer Bids, GoldMet has filed an early warning report with the applicable securities regulators in respect of the above acquisition, available under Monument's SEDAR profile.

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