Monument�s 2012 Third Quarter Results
Gross Revenue of $12.4 M from 7,301 Oz Gold Sales at Cash Cost $303/Oz

Release #11 - 2012

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) �Monument� or the �Company� today announces its third quarter financial results for the period ended March 31, 2012. All amounts are in United States dollars unless otherwise indicated (refer to www.sedar.com for Q3 full financial results).

Third Quarter Highlights include:

• Gold production of 10,676 ounces at an average cash cost of $303 per ounce;
• Revenue of $12.4 million generated from gold sales of 7,301 ounces;
• The average realized price per ounce of gold sold was $1,698 compared to $1,404 for the corresponding quarter in the previous fiscal year, an increase of 21%;
• Net operating income of $8.4 million or $0.04 per share compared to $10.3 million or $0.06 per share for the same quarter in fiscal 2011;
• In February Monument closed its acquisition of a 70% interest in the Mengapur Polymetalic Project located in Pahang State, Malaysia. The Acquisition was closed using the Company's cash on hand.

President and CEO Robert Baldock stated �The closing of the Mengapur Project acquisition indicates that the Company has commenced a new exiting stage of development in order to increase shareholders� value. While gold production continues providing working capital for operations at the Selinsing gold mine and supports the initiate drilling programs and geological studies on the Mengapur Project, the Company is working on enhancement of its management team and closing of the $70 million private placement to fund significant development of the Mengapur Project.�
 
Production and Statistics

 
 
 
 
 
Financial Results

 
The third quarter financial results show an increase in ore stockpiled to 915,347 tonnes from 859,011 tonnes at the end of the second quarter (December 31, 2011). The lower gold production was mainly due to the lower mill feed grade and consequently a lower processing recovery rate. The production is expected to pick up in the fourth quarter when the new primary ball mill is commissioned and placed in use.

For the third quarter of fiscal 2012, the gold production from the Selinsing Gold Project generated an income of $8,430,279 net of operating and corporate expenses, or $0.04 per share, a decrease of $1,865,755 or $0.01 per share compared to $10,296,034 or $0.06 per share in the corresponding period in fiscal 2011. The unfavorable results were mainly due to less ounces of gold sold partially offset by higher gold price.

Development

The Phase III gold plant expansion construction at the Selinsing Gold Mine is approximately 83% complete on schedule as of March 31, 2012, and is progressing as planned targeting completion by June 2012.

During the nine month period ended March 31 2012, exploration at those gold mineral properties has produced a total of 8,356 drill metres, of which 4,566 drill metres were attributed to the third quarter. The faster drilling progress in the third quarter reflected an increased productivity from the in-house drill team as a result of coaching programs provided to the drillers in the past half a year. The drilling program is aimed to convert the current inferred gold resources at Selinsing and Buffalo Reef to NI 43-101 compliant measured and indicated resource and increases the total resources on those properties to support sustainable gold production.

On February 21, 2012, upon receipt of the TSX-V acceptance, the Company announced that it has closed the acquisition of a 70% interest in the Mengapur Polymetalic Project located in Pahang State, Malaysia; the private placement of up to CAD$70 million for the Mengapur Project development is currently pending the acceptance of the TSX-V and has also been successfully negotiated at more favorable terms at a price of CAD$0.50 cents per unit with each unit comprising a share and a half share purchase warrant, each full warrant being convertible into a full share at an exercise price of CAD$0.70 within three years of closing.  All of the shares and warrants will be subject to a hold period of three years.
Please visit our website at www.monumentmining.com for more information.
 
Robert F. Baldock, President and CEO
Monument Mining Limited
Suite 910- 688 West Hastings Street
Vancouver B.C. Canada V6B 1P1