Ms. Cathy Zhai reports

MONUMENT ENTERED INTO A COLLABORATION AGREEMENT GIVES ODYSSEY ACCESS TO BURNAKURA MILL

Monument Mining Ltd. has signed a memorandum of understanding with Odyssey Gold Ltd., through their respective subsidiaries. The agreement outlines a collaboration opportunity to process ore from the Tuckanarra gold project through Monument's Burnakura mill, located near Meekatharra, Western Australia, subject to availability.

Under the existing joint venture arrangement, Monument holds a 20-per-cent free carrying interest in Tuckanarra, with Odyssey owning the remaining 80 per cent. The Tuckanarra project is situated approximately 40 kilometres southwest of Monument's Burnakura gold processing plant in the Murchison goldfield.

President and chief executive officer Cathy Zhai commented: "I am very pleased with the execution of this MOU with Odyssey, which aligns with Monument's development strategy to enhance production potential in the Murchison region. As junior companies continue to navigate the inherent challenges and risks in the natural resource industry, this collaboration represents a win-win opportunity and a business model which may expand the potential mine life of the Murchison gold project, accelerate capital returns and enhance free cash flow. It will also support exploration companies' direct access to cash resources without large dilution for advancement of gold discoveries within this prolific Murchison goldfield."

Ms. Zhai added: "Odyssey is our joint venture partner at Tuckanarra. By integrating Tuckanarra's potential ore into our mine plan, we could potentially increase our production portfolio by up to 20 per cent of Tuckanarra resources and improve the utilization of our mill capacity. Sharing technical studies and exploring this collaboration may lead to optimized production and resource exploration that benefits both parties."

Ms. Zhai further emphasized, "In parallel, Monument remains committed to its independent technical study with SRK Consulting and continues preparation efforts toward the potential launch of its Murchison production initiative."

Background

Following the successful commercial production of the upgraded sulphide gold concentrate plant at Selinsing gold mine, Monument is advancing its Murchison gold project toward potential commercial production. SRK Consulting (Australasia) Pty. Ltd. is currently engaged to provide economic assessments, including evaluating the Burnakura mill capacity, for initial restart and potential upgrade options up to 750,000 tonnes per year. With a proven record for developing and advancing operating mines, Monument continues to leverage its strong production management team to drive growth and efficiency.

Monument has an estimated mineral resource of 5.59 million tonnes of 2.12 grams per tonne for 381,000 ounces, composed of indicated at 4.04 Mt of 2.3 g/t gold for 293,000 ounces, inferred mineral resource of 1.55 Mt of 1.8 g/t gold for 88,000 ounces at Burnakura ("NI 43-101 Technical Report: Updated Mineral Resources, Burnakura Gold Project, Western Australia, Australia," prepared by SRK, available at the Monument website); and historical mineral resources (Joint Ore Reserves Committee resource) of 2.2 Mt of 2.2 g/t Au for 153,000 oz at Gabanintha, plus 20-per-cent free carried interest in the Tuckanarra gold project.

Odyssey's Tuckanarra gold project is part of the prolific Murchison goldfields. The project currently has an indicated and inferred mineral resource estimate of 5.14 Mt of 2.5 g/t Au for 407,000 oz of gold. This includes a high-grade subset of 2.25 Mt of 3.9 g/t for 283,000 oz of gold above a 2.0 g/t Au cut-off. Approximately 4.2 Mt of 2.3 g/t Au for 311,000 oz are on granted mining leases.

Collaboration

The MOU between Odyssey and Monument is a non-binding agreement setting a framework for the two companies to evaluate the sustainability of the Burnakura plant to treat Tuckanarra ore, assess the technical, commercial and logistical requirements for joint operations or toll treatment where applicable, and negotiate commercial terms for ore treatment at Burnakura.

With both parties undertaking studies on their respective operations, the MOU allows Odyssey and Monument to collaboratively share study outputs enabling optimization of mining and ore processing. The MOU also allows collaboration on each company's area of technical expertise, including Odyssey's knowledge of local geology and gold mineralization, exploration, and local stakeholder relationships combined with Monument's expertise in processing, mining and metallurgy.

The parties will negotiate a definitive agreement when it is appropriate.

About Monument Mining Ltd.

Monument is an established Canadian gold producer that 100 per cent owns and operates the Selinsing gold mine in Malaysia and the Murchison gold project in the Murchison area of Western Australia. It has a 20-per-cent interest in Tuckanarra gold project jointly owned with Odyssey Gold in the same region. The company employs approximately 250 people in both regions, and is committed to sustainability with practice of the high standards of environmental management, social responsibility, including health and safety for its employees and neighbouring communities, and good corporate governance.

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