(GLOBE NEWSWIRE via COMTEX) --
VANCOUVER, British Columbia, May 29, 2026 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") is pleased to announce the results of an additional twenty-three (23) holes that have been received with high gold assay results from the Buffalo Reef/Felda areas and updated drilling activities, under the mine expansion drilling program at the Selinsing Gold Mine, located in Pahang State in the Central Gold Belt of Western Malaysia.
Ms. Cathy Zhai, President and CEO of Monument commented: "The drill assay results reported in this announcement underlie the strong potential for resource addition outside of the Life of Mine ("LOM") and the Expanded Pit Shell. We have deployed more drill rigs and continue to improve the efficiency of exploration."
The Stage 1 and Stage 2 drilling for mine expansion program have completed, including 123 holes for 17,136m, compared to the planned 118 holes for 17,477m. Further drilling programs are under review.
DRILL PROGRAM HIGHLIGHTS
Results from twenty-three (23) completed drill holes of the Buffalo Reef/Felda Mine Expansion Drilling Program have been received (Appendix A), with high gold assay results returned.
Significant highlights include:
Stage 1
BRC2 / BRC3 Gap
- MBRDD622: 6.5m @ 0.66g/t Au from 148.9m includes:
2.5m @ 1.35g/t Au from 152.9m
- MBRDD624: 3.8m @ 3.77g/t Au from 109.7m
- MBRDD625: 3.6m @ 3.58g/t Au from 136.9m
- MBRDD628: 6.2m @ 1.4g/t Au from 61.6m
0.8m @ 3.25g/t Au from 68.9m
3.0m @ 5.66g/t Au from 78.9m
1.1m @ 13.9g/t Au from 94.3m
5.8m @ 1.68g/t Au from113.4m
- MBRRC632: 2.2m @ 1.73g/t Au from 0.0m
2.0m @ 2.0g/t Au from 32.2m
15.5m @ 2.61g/t Au from 67.7m includes:
6m @ 5.62g/t Au from 72.7m
- MBRRC636: 3.9m @ 1.98g/t Au from 81m
- MBRDD641: 21.0m @ 1.99g/t Au from 42m includes:
4.5m @ 3.66g/t Au from 52.5m
- MBRDD642: 6.7m @ 1.53g/t Au from 70.3
3.8m @ 4.60g/t Au from 96m
BRC3 / BRC 4 Gap
- MBRDD633: 1.3m @ 2.14g/t Au from 16.1m
- MBRDD637: 4.8m @ 2.81g/t Au from 26.0m
- MBRDD643: 7.6m @ 0.53g/t Au from 59.9m
Stage 2
BRC2/BRC3 Mineralization Extension
- MBRDD623: 2.6m @ 1.25g/t Au from 91.3 m
4.5m @ 1.54g/t Au from 164.0m
- MBRDD626: 16.5m @ 3.07g/t from 64.1m
- MBRDD627: 10.1m @ 4.68g/t Au from 63.7m
3.4m @ 3.47g/t Au from 84.7m
- MBRDD629: 7.0m @ 3.10g/t Au from 39.0m
- MBRDD630: 1.7m @ 2.17g/t Au from 21.3m
5.3m @ 3.49g/t Au from 59.0m
6.0m @ 2.64g/t Au from 78.5m
- MBRDD631: 6.1m @ 6.12g/t Au from 44.2m
- MBRDD645: 1.0m @ 1.21g/t Au from 22.5m
- MBRDD646: 4.5m @ 1.47g/t Au from 100.5m
BRC3 Mineralization Extension
- MBRDD635: 8.1m @ 1.27g/t Au from 6.9m
3.0m @ 7.53g/t Au from 79.5m
3.0m @ 2.95g/t Au from 88.5m
12.5m @ 1.52g/t Au from 94.5m
6.5m @ 2.39g/t Au from 113.5m
- MBRDD638: 19.8m @ 1.90g/t Au from 100.7m includes:
4.3m @ 2.93g/t Au from 110.2
- MBRDD639: 22.5m @ 1.77g/t Au from 58.5m includes:
7.5m @ 3.58g/t Au from 64.5m
- MBRDD644: 5.5m @ 1.92g/t Au from 16.2m
Note: the reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.
BUFFALO REEF/FELDA MINE EXPANSION DRILLING
Buffalo Reef/Felda mine expansion drilling (Figure 1) contains Stage 1 and Stage 2 as a part of the Selinsing gold mine expansion program. The target area covers 115 acres of land, laying the foundation to evaluate the potential to extend the currently defined Mineral Resources, and to convert the current resources to reserves that are currently constrained by tenement boundaries. Success of exploration may potentially support the pit expansion at Buffalo Reef/Felda [1] and inform future LOM planning, subject to the tenement extension.
Figure 1: Long section through Buffalo Reef Central depicting Mine Expansion target Areas (Stage 1 and Stage 2) targeted in the Mine Expansion Drilling, looking west.
An additional twenty-three (23) assay results were received from diamond drill holes (Figure 1 and Figure 2). Drill holes continue to intersect multiple zones of gold mineralization in Stage 1 and Stage 2 targets. Continuity between previously modelled mineralized domains, and mineralized intervals intersected in drill holes, and between some drill holes is evident, which will likely result in an increased Inferred Mineral Resource.
[1] TSX: Monument announces commencement of expansion drilling program at Selinsing Gold Mine (July 7, 2025).
Figure 2: Plan view of the Buffalo Reef Central (BRC2, BRC3 & BRC4), showing reported assay results (orange callouts), along with previously reported results [2] (white callouts). Blue symbols are holes waiting for results. Drilling is generally orientated from
Figure 3: Plan view of BRC3 Pit, showing reported assay results (orange callouts) along with previously reported results [2] (white callouts). Blue symbols are holes waiting for results. Drilling is generally orientated from east to west.
Table 1: Buffalo Reef/Felda Mine Expansion Drilling results. The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.
Hole ID Intercept Comments
1 MBRDD622: 4.2m @ 0.55g/t Au from 37.5m BRC2/BRC3 Stage 2
14.4m @ 0.64g/t Au from 46.6m
1.0m @ 0.32g/t Au from 86.0m
4.0m @ 0.49g/t Au from 93.0m
0.7m @ 0.60g/t Au from 100.5m
0.9m @ 0.32g/t Au from 122.2m
1.4m @ 0.84g/t Au from 138.2m
1.0m @ 0.23g/t Au from 143.5m
6.5m @ 0.66g/t Au from 148.9m includes 2.5m @ 1.35g/t Au from 152.9m
2 MBRDD626: 16.5m @ 3.07g/t Au from 64.1m BRC2/BRC3 Stage 2
3 MBRDD627: 10.1m @ 4.68g/t Au from 63.7m BRC2/BRC3 Stage 2
3.4m @ 2.47g/t Au from 84.7m
1.6m @ 0.43g/t Au from 91.2m
4 MBRDD629: 2.0m @ 0.22g/t Au from 35.5m BRC2/BRC3 Stage 2
7.0m @ 3.10g/t Au from 39.0m
0.5m @ 0.29g/t Au from 54.7m
2.6m @ 0.32g/t Au from 61.8m
5 MBRDD630: 1.7m @ 2.17g/t Au from 21.3m BRC2/BRC3 Stage 2
5.3m @ 3.49g/t Au from 59.0m
6.0m @ 2.64g/t Au from 78.5m
6 MBRDD631: 6.1m @ 6.12g/t Au from 44.2m BRC2/BRC3 Stage 1
4.6m @ 0.50g/t Au from 54.4m
7 MBRDD632 2.2m @ 1.73g/t Au from 0.0m BRC2/BRC3 Stage 2
3.0m @ 2.0g/t Au from 32.2m
15.5m @ 2.61g/t Au from 67.7m includes
6m @ 5.62g/t Au from 72.7m
8 MBRDD637 1.6m @ 0.43g/t Au from 0.0m BRC3/BRC4 Stage 2
4.8m @ 2.81g/t Au from 26.0m
0.7m @ 1.99g/t Au from 48.7m
0.9m @ 0.49g/t Au from 56.8m
9 MBRDD642 1.0m @ 0.86g/t Au from 59.0m BRC2/BRC3 Stage 2
1.4m @ 0.68g/t Au from 64.6m
6.7m @ 1.53g/t Au from 70.3m
3.8m @ 4.60g/t Au from 96.0m
0.9m @ 4.0g/t Au from 122.1m
10 MBRDD643 3.0m @ 0.33g/t Au from 4.5m BRC3/BRC4 Stage 1
7.6m @ 0.53g/t Au from 59.9m BRC3/BRC4 Stage 2
2.0m @ 0.43g/t Au from 71.5m
Table 1: Buffalo Reef/Felda Mine Expansion Drilling results. The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.
Hole ID Intercept Comments
11 MBRDD644 1.5m @ 0.31g/t Au from 1.5m BRC2/BRC3 Stage 2
5.5m @ 1.92g/t Au from 16.2m BRC2/BRC3 Stage 1
1.8m @ 0.99 g/t Au from 38.2m
11.5m @ 1.90 g/t from 83.6m
MBRDD623 1.5m @ 0.63g/t Au from 51.5m BRC2 Stage 2
0.9m @ 0.28g/t Au from 56.0m
2.6m @ 1.25g/t Au from 91.3m
4.5m @ 1.54g/t Au from 164.0m
MBRDD624 0.8m @ 0.82g/t Au from 68.6m BRC2/BRC3 Stage 2
3.8m @ 3.77g/t Au from 109.7m
MBRDD625 1.5m @ 0.21g/t Au from 9.9m BRC2/BRC3 Stage 2
1.5m @ 0.24g/t Au from 14.4m
1.5m @ 0.26g/t Au from 45.9m
5.6m @ 3.58g/t Au from 136.9m
MBRDD628 1.5m @ 0.55g/t Au from 2.4m BRC2/BRC3 Stage 2
0.7m @ 4.3g/t Au from 58.9m
6.2m @ 1.4g/t Au from 61.6m
0.8m @ 3.25g/t Au from 68.9m
3.0m @ 5.66g/t Au from 78.9m
1.1m @ 13.9g/t Au from 94.3m
5.8m @ 1.68g/t Au from 113.4m
MBRDD633 1.3m @ 2.14g/t Au from 16.1m BRC3/BRC4 Stage 1
MBRDD635: 8.1m @ 1.27g/t Au from 6.9m BRC3 Stage 2
3.0m @ 7.53g/t Au from 79.5m
0.7m @ 0.48g/t Au from 85.5m
3.0m @ 2.95g/t Au from 88.5m
12.5m @ 1.52g/t Au from 94.5m
6.5m @ 2.39g/t Au from 113.5m
MBRDD636: 3.9m @ 1.98g/t Au from 81.0m BRC3 Stage 2
MBRDD638 19.8m @ 1.90g/t Au from 100.7m includes: BRC3 Stage 2
2.5m@3.02g/t Au from 100.7m and
2.8m @ 2.31g/t Au from 105.4m and
4.3m @ 2.93g/t Au from 110.2m
MBRDD639 1.5m @ 0.66g/t Au from 1.5m BRC3 Stage 2
1.5m @ 0.50g/t Au from 10.5m
22.5m @ 1.77g/t Au from 58.5m includes 7.5m @ 3.58g/t Au from 64.5m
Table 1: Buffalo Reef/Felda Mine Expansion Drilling results. The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.
Hole ID Intercept Comments
MBRDD641 2.0m @ 0.51g/t Au from 0.0m BRC2/BRC3 Stage 2
0.7m @ 0.53g/t Au from 4.3m
21.0m @ 1.99g/t Au from 42.0m includes
4.5m @ 3.66g/t Au from 52.5m
1.5m @ 0.39g/t Au from 77.0m
MBRDD641 2.0m @ 0.51g/t Au from 0.0m BRC2/BRC3 Stage 2
0.7m @ 0.53g/t Au from 4.3m
21.0m @ 1.99g/t Au from 42.0m includes
4.5m @ 3.66g/t Au from 52.5m
1.5m @ 0.39g/t Au from 77.0m
MBRDD645 1.0m @ 1.21g/t Au from 22.5m BRC2/BRC3 Stage 1
1.3m @ 0.24g/t Au from 30.2m
MBRDD646 4.5m @ 1.47g/t Au from 100.5m BRC2/BRC3 Stage 2
MBRDD635: 8.1m @ 1.27g/t Au from 6.9m BRC3 Stage 2
3.0m @ 7.53g/t Au from 79.5m
0.7m @ 0.48g/t Au from 85.5m
3.0m @ 2.95g/t Au from 88.5m
12.5m @ 1.52g/t Au from 94.5m
6.5m @ 2.39g/t Au from 113.5m
MBRDD638 19.8m @ 1.90g/t Au from 100.7m includes BRC3 Stage 2
2.5m @ 3.02g/t Au from 100.7m and
2.8m @ 2.31g/t Au from 105.4m and
4.3m @ 2.93g/t Au from 110.2m
MBRDD639 1.5m @ 0.66g/t Au from 1.5m BRC3 Stage 2
1.5m @ 0.50g/t Au from 10.5m
22.5m @ 1.77g/t Au from 58.5m includes
7.5m @ 3.58g/t Au from 64.5m
STAGE 1. Buffalo Reef "Gap" Drilling
Stage 1 Buffalo Reef/Felda Expansion drilling program focuses on evaluation of the potential resource increase to bridge the gaps between BRC2/BRC3 and between BRC3/BRC4 (Figure 1), to enable the pits to be combined and expanded, which may inform future LOM planning subject to further studies.
Eleven (11) of the Twenty (23) holes reported in this announcement (Table 1) targeted BRC2 / BRC3 Gap and the BRC3 / BRC4 Gap.
BRC2/BRC3 "Gap"
Drilling around the BRC2/BRC3 Gap continues to demonstrate continuity between drill holes and the existing resource domains. The successful intersecting of gold mineralization targeting the projection of known mineralized domains is encouraging for the drill program outcome, providing confidence that an increase to the resource base within the BRC2/BRC3 Gap is likely. Additionally, mineralization was also intersected in the Stage 1 drilling (below the LOM Pit Shell) and Stage 2 drilling (below the Expanded Pit Shell).
MBRDD632 (Figure 4) was planned to test Stage 1 and Stage 2 targets by extending the drill hole depth. MBRDD632 identified gold mineralization approximately 30m below the LOM pit shell and, approximately 20m below the Expanded Pit Shell. Both intersections correspond to known mineralized domains and gold intersections from MBRDD601 (Stage 1 drilling), MBRDD615 and MBRDD616[2] (Stage 2 drilling). MBRDD616 potentially extends the mineralization 70m down dip beyond the Expanded Pit Shell and likely represents the extension of mineralization within the western shear.
[2] TSX: Monument Announces Additional Assay Results from the Buffalo Reef / Felda Areas of Selinsing Gold Mine (February 18, 2026).
Figure 4: Cross-section through BRC2/BRC3 gap at 3845mN north (20m wide window north and south) and depicting historic drilling and recently completed MBRRC622 and MBRRC632.
Other significant intercepts include MBRDD627, MBRDD631 and MBRDD644 (Figure 5). These holes targeted a section of the mineralized domain requiring further definition to confirm the interpreted steepening of the orebody. Drill holes intersected wide zones of high-grade mineralization broadly confirming the steepening ore body interpretation and confirming the extension of the mineralized domain at depth.
Figure 5: Cross-section through BRC3 (BRC2/BRC3 gap) at 3920mN north (20m wide window north and south) and depicting historic drilling and recently completed MBRRC627, MBRDD631 and MBRRC644.
BRC3/BRC4 "Gap"
Generally, assay results from the BRC3/BRC4 Gap drilling have not been as significant as those intersected in the BRC2/BRC3 gap drilling, however, multiple gold intervals continue to be intersected.
MBRDD637 did not intersect mineralization at the planned target depth at the base of the Expanded Pit Shell, however, it did intersect 4.8m@2.81g/t Au from 26.0m, corresponding to a poorly defined gold domain 14m beneath the current LOM pit shell, highlighting the need for continued drilling to define the true extent of this mineralization.
MBRDD643 intersected a wide, low-grade mineralized structure at the base of the Expanded Pit Shell. This intersection corresponds to a known mineralized domain and is 80m up dip of MBRDD618[3] (3.0m@1.62g/t Au from 203m, and 1.5m@1.18g/t Au from 207.5m) suggesting the structure occurs at depth. Further drilling will be required to assess the economic gold potential of this zone.
STAGE 2. Buffalo Reef/Felda Drilling
Twelve (12) holes have been completed as part of Stage 2 drilling and are reported in Table 1. Stage 2 Buffalo Reef/Felda Expansion drilling program focuses on potential mine expansion through definition of new mineralized zones, and down dip extensions of mineralization, outside of the existing LOM pit shell (Figure 2).
Structural extension drilling has been successful in identifying mineralization down dip of known mineralized domains below the Mine Expansion Pit in multiple drill holes.
BRC2/BRC3 Mineralization Extension
BRC2/BRC3 Gap structural extension drilling has been successful in identifying gold mineralization down dip of current mineralized gold domains 75m below the Expanded Pit Shell.
MBRDD625 and MBRDD628 both intersected gold mineralization below the Expanded Pit Shell, down dip of a known mineralized gold domain. There are no other drill holes down dip or within 80m along strike on the same horizon, presenting a significant exploration space for future drilling and potential resource addition. MBRDD628 also intersected multiple zones on gold mineralization between 58.9m to 95.5m. These intersections were not replicated in MBRDD625 and require further investigation to interpret these results.
[3] TSX: Monument announces first 16 drill holes of Selinsing Mine Expansion Drilling Program (December 3, 2025).
Figure 6: Cross-section through BRC3 Pit (BRC2/BRC3 gap down dip extension drilling) at 3535mN (40m wide window north and south) and depicting historic drilling and recently completed MBRRC625 and MBRDD628.
Drill hole MBRDD638 (Figure 7) was drilled 20m to the south of MBRDD644 (Stage 1 drilling) and intersected 19.8m@ 1.90g/t Au from 100.7m. This intersection corresponds with MBRDD644 and confirms the extension of the gold mineralized domains beyond the base of the Expanded Pit Shell.
This area provides Monument with further drill hole targets for future resource expansion.
Figure 7: Cross-section through BRC3 Pit, at 3900mN (40m wide window north and south) and depicting historic drilling and recently completed MBRRC630 and MBRDD638.
MBRDD641 intersected 21m@1.99g/t Au from 42m which includes 4.5m@3.66g/t Au from 52.5m (Figure 8). This intersection is 30m below the Expanded Pit Shell and combined with MBRDD619[2] potentially extends the mineralized domain a further 60m down dip. Stage 1 drill holes MBRDD622 and MBRDD632 (Figure 3) targeted the same mineralized domain within the western shear.
Figure 8: Cross section through Buffalo Reef Central at 3820mN, BRC2/BRC3 gap structural extension, depicting recently completed MBRDD641.
BRC3 Mineralization Extension
MBRDD635 successfully intersected mineralization (Table 1) at the base of the Expanded Pit Shell, and edge of the inferred mineralization within the western shear, higher up the hole. Additional mineralization corresponding with another inferred domain was also intersected.
MBRDD638 and MBRDD639 both intersected wide mineralized zones (Table 1) at the base of inferred mineralization, and below the Expanded Pit Shell within the western shear. Mineralization remains open at depth and will be a target of future exploration drilling.
Geological interpretation and modelling will be undertaken to confirm that structure and grade continuity exists between results reported in this announcement. Further drilling will be required to fully assess the potential of mineralization.
Assay results are yet to be received for MBRDD634, MBRDD640, MBRDD647 to MBRDD665. These results will be reported once received.
SAMPLING, ASSAYING AND QAQC
The sampling technique used in the drill program is half core sampling of PQ (85mm diameter) and mainly HQ (63.5mm diameter) sized diamond drill core using a core saw.
Samples are stored at the Selinsing project stores warehouse before being transported to Port Klang by Monument's regular freight provider. The site has 24-hour security with manned guard house. Samples are shipped directly to SGS Port Klang once every week.
All samples are submitted to SGS Malaysia laboratory in Port Klang, Selangor (An accredited chemical testing facility specializing in natural resources analysis for industrial clients, MS ISO/IEC 17025:2017), for analysis using fire assay (FAA303), ICP (ICP40Q) analysis and CS (CSAO6V) for carbon and sulphur analysis. Pulps and coarse residue samples are returned to site for future QAQC studies.
Certified reference material (CRM) is supplied by Geostats and inserted approximately every 15m, blanks are inserted approximately every 10m. All assay results are verified by Monument staff before being entered into the Microsoft access database. All QAQC data is examined to ensure validate of the results.
All collar locations are surveyed using DGPS by Monument's on-site survey team. Downhole surveying is conducted on all drill holes using a Trushot digital down hole survey tool, captured data is communicated wirelessly from the tool to the handheld device. Surveys are generally undertaken every 30-50m.
Drill core recovery is recorded at the time of drilling by the driller and checked during logging by onsite geology team. Core recovery is determined by measuring each 1m interval. Logging is qualitative in nature recording lithology, grain size, texture, weathering, structure, alteration, veining, sulphides etc. All holes are logged in full.
DRILL PROGRAM PROGRESS
Buffalo Reef/Felda expansion drilling commenced on May 7th, 2025, utilizing two in-house drill rigs; Desco SP 6500SA rigs (350-meter depth capacity). A further seven outsourced drill rigs have since began operation at Buffalo Reef bringing the total number of drill rigs to nine (9).
Stage 1 and Stage 2 drilling for the mine expansion program have now been completed, covering priority targets including the BRC2-BRC3 gap, the BRC3-BRC4 gap, and down-dip extensions. The results will be incorporated into geological interpretation, resource modelling, and future mine-planning work. Monument anticipates all the drilling assays results to be received by June 2026.
To date, one hundred twenty-three (123) drill holes have been completed for 17,136.1m (see Appendix B), with assay results received for ninety-eight (98) holes as of 21st May; nineteen (19) holes remain pending assay results.
A summary of the drilling completed to date is provided in Table 4.
The Mine Expansion Drill Program including drilling strategy and prioritization of target areas and holes will be closely monitored and reviewed regularly and may be altered accordingly. The focus of the drilling and targeted areas remains flexible so as not to disrupt mining activities. To accelerate the exploration programs, we may from time to time engage more drill rigs, from four now up to nine, depending on circumstances.
Table 2: Summary table of drilling completed to date
Budget Holes Completed Hole Remaining
No. Holes Meters No. Holes Meters No. Holes Meters
Buffalo Reef/Felda Stage 1 57 6,479 50 5,372.1 0 0
Mine Expansion
Stage 2 52 8,898 65 10,245.6 0 0
Selinsing Stage 1 0 0 0 0 0 0
Stage 2 9 2100 8 1,518.4 0 0
Total 118 17,477 123 17,136.1 0 0
Qualified Person's Statement
The information in this report that relates to exploration results is based on information compiled and approved by Mr. Jamie Brown BSc, MAIG, Chief Managing Geologist of the Company, who is a Member of the Australian Institute of Geoscientists and a qualified person as defined by NI43-101.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project, jointly owned by Odyssey Gold Ltd in the same region. The Company employs approximately 280 people in both regions and is committed to the highest standards of environmental management, social responsibility, including health and safety for its employees and neighboring communities and good corporate governance.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
"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."
Disclaimer Regarding Forward-Looking Statements.
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, expectations regarding the completion of the ramp-up period to target production level at Selinsing and the timing thereof, expectations regarding the Company's continuing ability to source explosives from suppliers, expectations regarding completion of the proposed storage shed and ammonium nitrate depot and the timing thereof, and the timing and results of the other 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, including those related to the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; uncertainties and risks related to the Company's ability to source explosives from suppliers; 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; assumptions regarding the timing and results of development activities, including the ramp-up process at Selinsing and the completion of the proposed storage shed and ammonium nitrate depot; expectations that the Company will continue to be able to source explosives from suppliers in a timely manner; 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 law.
APPENDIX A
Table 3: Assay results table, for twenty-three (23) diamond drill holes reported in this announcement (The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.)
Hole ID From To Width (m) Intercept Comment
(m) (m)
MBRDD622 37.5 41.7 4.2 0.55g/t Au BRC3
46.6 61.0 14.4 0.64g/t Au
86.0 87.0 1.0 0.32g/t Au
93.0 97.0 4.0 0.49g/t Au
100.5 101.2 0.7 0.60g/t Au
122.2 123.1 0.9 0.32g/t Au
138.2 139.6 1.4 0.84g/t Au
143.5 144.5 1.0 0.23g/t Au
148.9 155.4 6.5 0.66g/t Au includes
2.5m@1.35g/t Au from 152.9m
MBRDD623 51.5 53.0 1.5 0.63g/t Au BRC2/BRC3 gap
56 56.9 0.9 0.28g/t Au
91.3 93.9 2.6 1.25g/t Au
164 168.5 4.5 1.54g/t Au
MBRDD624 68.6 69.4 0.8 0.82g/t Au BRC2/BRC3 gap
109.7 113.5 3.8 3.77g/t Au
MBRDD625 9.9 11.4 1.5 0.21g/t Au BRC2/BRC3 gap
14.4 15.9 1.5 0.24g/t Au
45.9 47.4 1.5 0.26g/t Au
136.9 142.5 5.6 3.58g/t Au
MBRDD626 64.1 80.6 16.5 3.07g/t Au BRC3/BRC4 gap
MBRDD627 63.7 73.8 10.1 4.68g/t Au BRC2
84.7 88.1 3.4 2.47g/t Au
91.2 92.8 1.6 0.43g/t Au
MBRDD628 2.4 3.9 1.5 0.55g/t Au BRC2/BRC3 gap
58.9 59.6 0.7 4.3g/t Au
61.6 67.8 6.2 1.4g/t Au
68.9 69.7 0.8 3.25g/t Au
78.9 81.9 3 5.66g/t Au
94.3 95.4 1.1 13.9g/t Au
113.4 119.2 5.8 1.68g/t Au
MBRDD629 35.5 37.5 2 0.22g/t Au BRC3
39 46 7 3.10g/t Au
54.7 55.2 0.5 0.29g/t Au
61.8 64.2 2.6 0.32g/t Au
APPENDIX A
Table 3: Assay results table, for twenty-three (23) diamond drill holes reported in this announcement (The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.)
Hole ID From To Width (m) Intercept Comment
(m) (m)
MBRDD630 21.3 23.0 1.7 2.17g/t Au BRC3
59.0 64.3 5.3 3.49g/t Au
78.5 84.5 6.0 2.64g/t Au
MBRDD631 44.2 50.3 6.1 6.12g/t Au BRC3
54.4 59.0 4.6 0.50g/t Au
MBRDD632 0.0 2.2 2.2 1.73g/t Au BRC3
32.2 35.2 3.0 2.0g/t Au
67.7 83.2 15.5 2.61g/t Au includes
6m @ 5.62g/t Au from 72.7m
MBRDD633 16.1 17.4 1.3 2.14g/t Au BRC3/BRC4 GAP
MBRDD634 Waiting Results
MBRDD635 6.9 15.0 8.1 1.27g/t Au BRC3
79.5 82.5 3.0 7.53g/t Au
85.5 86.2 0.7 0.48g/t Au
88.5 91.5 3.0 2.95g/t Au
94.5 107.0 12.5 1.52g/t Au
113.5 120.0 6.5 2.39g/t Au
MBRDD636 81.0 84.9 3.9 1.98g/t Au BRC2/BRC3 gap
MBRDD637 0.0 1.6 1.6 0.43g/t Au BRC3/BRC4 gap
26.0 30.8 4.8 2.81g/t Au
48.7 49.4 0.7 1.99g/t Au
56.8 57.7 0.9 0.49g/t Au
MBRDD638 28.9 30.2 1.3 0.32g/t Au BRC3
36.7 39.7 3.0 0.92g/t Au
55.5 56.2 0.7 0.73g/t Au
100.7 120.5 19.8 1.90g/t Au including
4.3m@2.93g/t Au from 110.2
MBRDD639 1.5 3.0 1.5 0.66g/t Au BRC3
10.5 12.0 1.5 0.50g/t Au
58.5 81.0 22.5 1.77g/t Au including
7.5m@3.58g/t Au from 64.5m
MBRDD640 Waiting Results
APPENDIX A
Table 3: Assay results table, for twenty-three (23) diamond drill holes reported in this announcement (The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.)
MBRDD641 0 2.0 2.0 0.51g/t Au
4.3 5.0 0.7 0.53/t Au
42 63.0 21.0 1.99g/t Au
77 78.5 1.5 0.39g/t Au
MBRDD642 59.0 60.0 1.0 0.86g/t Au
64.6 66.0 1.4 0.68g/t Au
70.3 77.0 6.7 1.53g/t Au
96.0 99.8 3.8 4.6g/t Au
122.1 123.0 0.9 4.0g/t Au
MBRDD643 4.5 7.5 3.0 0.33g/t Au
59.9 67.5 7.6 0.53g/t Au
71.5 73.5 2.0 0.43g/t Au
MBRDD644 1.5 3.0 1.5 0.31g/t Au
16.2 21.7 5.5 1.92/t Au
38.2 40.0 1.8 0.99g/t Au
83.6 95.1 11.5 1.90g/t Au
MBRDD645 22.5 23.5 1.0 1.21g/t Au
30.2 31.5 1.3 0.24g/t Au
MBRDD646 100.5 105 4.5 1.47gt Au
MBRDD647 Waiting Results
MBRDD648 Waiting Results
MBRDD649 Waiting Results
MBRDD650 Waiting Results
MBRDD651 Waiting Results
MBRDD652 Waiting Results
MBRDD653 Waiting Results
MBRDD654 Waiting Results
MBRDD655 Waiting Results
MBRDD656 Waiting Results
MBRDD657 Waiting Results
MBRDD658 Waiting Results
MBRDD659 Waiting Results
MBRDD660 Waiting Results
MBRDD661 Waiting Results
APPENDIX A
Table 3: Assay results table, for twenty-three (23) diamond drill holes reported in this announcement (The reported intervals are downhole lengths and do not represent true widths. True widths will be determined once geological modelling has been completed.)
MBRDD662 Waiting Results
MBRDD663 Waiting Results
MBRDD664 Waiting Results
MDRDD665 Waiting Results
APPENDIX B
Table 4: List of completed drill holes at the time of reporting:
No Hole ID Mine Mine Mine MRSO East MRSO North MRSO Depth (m) Method Size Mine (Es) MRSO (Es) Dip (Es)
East North RL RL Azim. Azim.
1 MBRRCDD01 627 3126 500 421358.4 471172.2 108.4 171.9 RC/Diamond HQ 270 262 -60
2 MBRRCDD02 458 2980 522 421211.5 471004.0 130.7 122.5 RC/Diamond HQ 265 257 -60
3 MBRDD600 656 3900 450 421278.8 471942.7 58.7 90.6 Diamond PQ/HQ 270 262 -60
4 MBRDD601 645 3860 450 421273.5 471901.6 58.3 100.2 Diamond PQ/HQ 270 262 -60
5 MBRDD602 621 3880 450 421247.0 471918.0 58.2 101.4 Diamond PQ/HQ 270 262 -60
6 MBRDD603 707.4 4151.5 492.5 421294.6 472198.9 100.7 125.4 Diamond PQ/HQ 270 262 -60
7 MBRDD604 771.9 4040.6 493.5 421373.9 472098.1 101.7 140.1 Diamond PQ/HQ 270 262 -60
8 MBRDD605 673.4 4162.8 495.8 421259.3 472205.4 104.0 183.9 Diamond PQ/HQ 270 262 -60
9 MBRDD606 625.9 4074.3 455.1 421224.7 472111.1 63.3 71.4 Diamond PQ/HQ 270 262 -60
10 MBRDD607 554.4 3707.8 484.9 421205.1 471738.2 93.1 50.4 Diamond PQ/HQ 270 262 -60
11 MBRDD608 564.3 3687.6 485.3 421217.8 471719.6 93.5 50.4 Diamond PQ/HQ 270 262 -60
12 MBRDD609 580.4 3779.9 455.2 421220.8 471813.2 63.4 62.4 Diamond PQ/HQ 270 262 -60
13 MBRDD610 786 4238.9 495.6 421360.2 472296.5 103.8 53.4 Diamond PQ/HQ 270 262 -60
14 MBRDD611 640.4 4200.1 495.8 421221.4 472237.7 104.0 130.9 Diamond PQ/HQ 270 262 -60
15 MBRDD612 600.9 4205.4 496 421181.6 472237.4 104.0 110.4 Diamond PQ/HQ 270 262 -60
16 MBRDD613 682.7 4189.4 495.8 421264.8 472233.0 104.0 150.7 Diamond PQ/HQ 270 262 -60
17 MBRDD614 734.1 4193.7 495.6 421315.1 472244.4 104.0 180.3 Diamond PQ/HQ 270 262 -60
18 MBRDD615 786.7 3861.6 497.5 421413.6 471923.0 106.0 180.6 Diamond PQ/HQ 270 262 -60
19 MBRDD616 779.4 3849.7 497.7 421408.1 471910.2 106.0 206.4 Diamond PQ/HQ 270 262 -60
20 MBRDD617 763.3 3981.4 496.7 421373.7 472038.3 105.0 200.4 Diamond PQ/HQ 270 262 -60
21 MBRDD618 779.8 4017 494.5 421385.1 472075.9 102.7 221.0 Diamond PQ/HQ 270 262 -60
22 MDRDD619 778.1 3821.5 497.7 421410.7 471882.0 105.9 200.0 Diamond PQ/HQ 270 262 -60
23 MBRDD620 781.3 3379.6 493 421475.7 471444.9 101.9 234.7 Diamond PQ/HQ 270 262 -60
24 MBRDD621 756.6 3418.4 490.5 421445.8 471479.9 98.7 215.4 Diamond PQ/HQ 270 262 -60
APPENDIX B
Table 4: List of completed drill holes at the time of reporting:
No Hole ID Mine Mine Mine MRSO East MRSO North MRSO Depth (m) Method Size Mine (Es) MRSO (Es) Dip (Es)
East North RL RL Azim. Azim.
25 MBRDD622 799.7 3842.8 495.5 421429.1 471906.2 103.7 187.4 Diamond PQ/HQ 270 262 60
26 MBRDD623 754.6 3377.7 490.7 421449.5 471439.3 98.9 250.0 Diamond PQ/HQ 270 262 -60
27 MBRDD624 688.5 3723.5 510.4 421335.7 471772.5 118.6 200.3 Diamond PQ/HQ 270 262 -60
28 MBRDD625 729 3536 499.7 421402.0 471592.5 107.9 230.4 Diamond PQ/HQ 270 262 -60
29 MBRDD626 640.5 3939.3 450.3 421258.0 471979.4 58.5 100.2 Diamond PQ/HQ 270 262 -60
30 MBRDD627 639.3 3920 450.2 421259.5 471960.2 58.4 100.5 Diamond PQ/HQ 270 262 -60
31 MBRDD628 711 3541.6 494.7 421383.4 471595.5 102.9 190.4 Diamond PQ/HQ 270 262 -60
32 MBRDD629 630.2 3939.8 450.4 421247.7 471978.5 58.6 80.3 Diamond PQ/HQ 270 262 -60
33 MBRDD630 649.4 3899.8 450.4 421272.3 471941.6 58.6 101.0 Diamond PQ/HQ 270 262 -60
34 MBRDD631 622.8 3920.1 450.1 421243.2 471958.0 58.3 80.2 Diamond PQ/HQ 270 262 -60
35 MBRDD632 666.134 3861.162 450.477 421294.3 471905.7 58.7 110.2 Diamond PQ/HQ 270 262 -70
36 MBRDD633 658.177 4055.033 450.865 421259.3 472096.5 59.1 80.4 Diamond PQ/HQ 80 72 -90
37 MBRDD634 623.96 4038.143 445.342 421227.8 472075.0 53.5 50.0 Diamond PQ/HQ 270 262 -60
38 MBRDD635 660.426 3980.346 450.278 421272.0 472022.9 58.5 120.0 Diamond PQ/HQ 80 72 -90
39 MBRDD636 759.781 3799.571 499.795 421395.7 471857.8 108.0 114.9 Diamond PQ/HQ 270 262 -60
40 MBRDD637 667.888 4039.352 450.758 421271.1 472082.3 58.9 98.9 Diamond PQ/HQ 270 262 -60
41 MBRDD638 673.284 3899.816 450.836 421296.0 471944.9 59.0 140.2 Diamond PQ/HQ 80 72 -90
42 MBRDD639 650.854 3959.607 450.362 421265.4 472001.0 58.6 114.0 Diamond PQ/HQ 270 262 -80
43 MBRDD640 642.7 4019.8 445.4 421248.9 472059.5 53.6 25.5 Diamond PQ/HQ 80 72 -90
44 MBRDD641 635.999 3819.862 450.534 421270.2 471860.5 58.7 80.0 Diamond PQ/HQ 80 72 -90
45 MBRDD642 668.57 3620.136 514.636 421330.4 471667.3 122.8 145.2 Diamond PQ/HQ 270 262 -60
46 MBRDD643 658.836 3997.09 450.31 421268.1 472039.2 58.5 97.5 Diamond PQ/HQ 270 262 -60
47 MBRDD644 656.934 3919.745 450.588 421277.0 471962.4 58.8 120.2 Diamond PQ/HQ 80 72 -90
48 MBRDD645 677.352 3419.767 454.28 421367.2 471470.2 62.5 190.0 Diamond PQ/HQ 270 262 -50
APPENDIX B
Table 4: List of completed drill holes at the time of reporting:
No Hole ID Mine Mine Mine MRSO East MRSO North MRSO Depth (m) Method Size Mine (Es) MRSO (Es) Dip (Es)
East North RL RL Azim. Azim.
49 MBRDD646 665.517 3698.677 517.825 421316.4 471744.7 126.0 140.0 Diamond PQ/HQ 270 262 -60
50 MBRDD647 733.126 3501.563 494.034 421410.9 471559.0 102.2 120.0 Diamond PQ/HQ 270 262 -55
51 MBRDD648 659.378 3996.994 450.323 421268.6 472039.2 58.5 97.5 Diamond PQ/HQ 270 262 -80
52 MBRDD649 690.68 3596.056 509.504 421355.7 471646.6 117.7 130.0 Diamond PQ/HQ 270 262 -60
53 MBRDD650 777.605 3908.499 499.522 421398.1 471968.1 107.7 180.0 Diamond PQ/HQ 900 892 -80
54 MBRDD651 772.6 3463.5 496 421455.4 471526.8 104.1 120.0 Diamond PQ/HQ 270 262 -60
55 MBRDD652 669 3379 447.6 421364.6 471428.6 55.7 120.5 Diamond PQ/HQ 270 262 -55
56 MBRDD653 645.8 3679.3 522.4 421299.6 471722.7 130.6 120.0 Diamond PQ/HQ 270 262 -60
57 MBRDD654 625.9 3299.1 449.9 421333.1 471343.5 58.1 140.3 Diamond PQ/HQ 270 262 -60
58 MBRDD655 643.6 3661.1 521.4 421300.0 471704.4 129.6 200.0 Diamond PQ/HQ 80 72 -90
59 MBRDD656 669.2 3479.3 455.2 421350.8 471528.0 63.4 120.5 Diamond PQ/HQ 270 262 -60
60 MBRDD657 646.3 3679.6 522.2 421300.1 471723.1 130.4 220.0 Diamond PQ/HQ 270 262 -80
61 MBRDD658 772.5 3464.1 496.1 421455.2 471527.4 104.3 210.5 Diamond PQ/HQ 270 262 -60
62 MBRDD659 776.3 3911 499.8 421396.4 471970.4 108.0 173.5 Diamond PQ/HQ 80 72 -80
63 MBRDD660 654.2 3342 445.2 421355.1 471389.9 53.3 140.0 Diamond PQ/HQ 270 262 -70
64 MBRDD661 648.7 3641.7 518.9 421307.7 471685.9 127.1 120.0 Diamond PQ/HQ 270 262 -55
65 MBRDD662 740.8 3779.3 503.3 421379.7 471835.0 111.5 200.3 Diamond PQ/HQ 270 262 -60
66 MBRDD663 813.3 3860.1 495.2 421440.2 471925.2 103.4 59.2 Diamond PQ/HQ 270 262 -80
67 MBRDD664 785.7 4560.2 440.3 421314.9 472614.6 48.5 150.0 Diamond
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