Mr. Robert Baldock reports

MONUMENT ANNOUNCES TERMINATION OF PROPOSED TRANSACTION WITH GASCOYNE RESOURCES LIMITED

Monument Mining Ltd. and Gascoyne Resources Ltd. have mutually agreed to terminate the heads of agreement for the previously announced proposed acquisition transaction between the two companies due to the fact that certain conditions precedent to the completion of the transaction have not been met. The proposed transaction was announced on Sept. 4, 2014.

The parties have entered into a deed of termination, which terminates the heads of agreement, effectively immediately, and mutually releases the parties from further obligations. As a result of the termination, Monument will not be obligated to participate in any further placements of Gascoyne shares; Gascoyne retains control of its mineral properties, including the Glenburgh, Dalgaranga and Mount Egerton in the Gascoyne and Murchison regions, Western Australia.

We seek Safe Harbor.