VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 6, 2017) - Monument Mining Limited (TSX
VENTURE:MMY)(FRANKFURT:D7Q1) "Monument" or the "Company" announces it has decided not to proceed with the Bisie North Tin
Project.
On February 13, 2017 the Company announced that it has entered into a Memorandum of Understanding (the "MOU") with Klaus
Eckhof and Mines D'OR SARL, a company incorporated in Democratic Republic of Congo ("DRC"), (together the "Vendor") to acquire a
60% interest in Bisie North Tin and Gold Prospect ("Bisie North") and an Exclusive Option to acquire a further 30% interest in
Bisie North, subject to certain conditions. The Company has decided not to proceed with this transaction. There are no further
obligations between Monument and the Vendor in relation to this matter.
About Monument
Monument Mining Limited (TSX VENTURE:MMY)(FRANKFURT:D7Q1) is an established Canadian gold producer that owns and operates
the Selinsing Gold Mine in Malaysia. Its experienced management team is committed to growth and is advancing several exploration
and development projects including the Mengapur Polymetallic Project, in Pahang State of Malaysia, and the Murchison Gold
Projects comprising Burnakura, Gabanintha and Tuckanarra in the Murchison area of Western Australia. The Company employs
approximately 240 people in both regions and is committed to the highest standards of environmental management, social
responsibility, and health and safety for its employees and neighboring communities. The Company has also been looking in other
countries seeking potential opportunities for larger resources, including Democratic Republic of the Congo ("DRC").
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Forward-Looking Statement
This news release includes statements containing forward-looking information about Monument, its business and future plans
("forward-looking statements"). Forward-looking statements are statements that involve expectations, plans, objectives or future
events that are not historical facts and include the Company's plans with respect to its mineral projects and the timing and
results of proposed programs and events referred to in this news release. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur"
or "be achieved". The forward-looking statements in this news release are subject to various risks, uncertainties and other
factors that could cause actual results or achievements to differ materially from those expressed or implied by the
forward-looking statements. These risks and certain other factors include, without limitation: risks related to general
business, economic, competitive, geopolitical and social uncertainties; uncertainties regarding the results of current
exploration activities; uncertainties in the progress and timing of development activities; foreign operations risks; other risks
inherent in the mining industry and other risks described in the management discussion and analysis of the Company and the
technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com.
Material factors and assumptions used to develop forward-looking statements in this news release include: expectations
regarding the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the
operations, general economic factors and other factors that may be beyond the control of Monument; assumptions and expectations
regarding the results of exploration on the Company's projects; assumptions regarding the future price of gold of other minerals;
the timing and amount of estimated future production; the expected timing and results of development and exploration activities;
costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues;
exchange rates; and all of the factors and assumptions described in the management discussion and analysis of the Company and the
technical reports on the Company's projects, all of which are available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any
forward-looking statements, except in accordance with applicable securities laws.