July 7 , 2008
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NEWS RELEASE
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Release # 7-2008
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Monument Acquires Package of
Additional Adjacent Land - Update
Vancouver, B.C. Monument Mining Limited (TSX-V:MMY
and FSE:D7Q1) ("Monument" or the "Company") releases
the current status in respect to the acquisition of Famehub Ventures Sdn.
Bhd. ("Famehub") and its 32,000 acres of prospective
exploration land and an associated data base announced on January 21,
2008. This additional exploration land package is located adjacent to its
present 100% owned Selinsing Gold Project and adjoining exploration
target Buffalo Reef. The associated exploration data was generated from
expenditure carried out on the land package titles located adjacent to
Monuments Selinsing Gold Project and adjoining Buffalo Reef exploration
target.
The Company advises that due diligence in
relation to the acquisition is progressing well. However the transaction
will not close until all regulatory, governmental and other approvals in
Malaysia and Canada have been obtained. The transaction is fully on
track but due to the nature of the acquisition package and the
substantial number of titles in the package, it is a time consuming process
and the Company is unable to estimate when the due diligence will be
completed. Updated information will be released when available.
Robert F. Baldock, President and CEO
Monument Mining Limited
Park Place, Suite 710, 666 Burrard Street
Vancouver B.C. Canada V6C 3P6
For further information contact:
North America:
Europe:
Richard Cushing, Investor
Relations
Wolfgang Seybold, President and CEO, Axino.AG
Office: 604.638.1661
ext.
102 Office:
+49.711.25.35.92.40
Cell:
604.889.6563
Fax: +49.711.25.35.92.55
E-mail:
info@monumentmining.com
E-mail: wolfgang.seybold@axino.deWebsite:
Website: www.monumentmining.com
Website: www.axino.de
The TSX Venture Exchange has in no way
passed upon the merits of the proposed transaction
and has neither approved nor
disapproved the contents of this news release.
Not for distribution to U.S. news wire
services or dissemination in the United States. The TSX Venture
Exchange does not accept responsibility for the adequacy or accuracy of
the information contained herein. Certain disclosures in this
release, including management's assessment of the Company's plans
and projects, constitute forward-looking statements that are subject to
numerous risks, uncertainties and other factors relating to the
Company's operation as a mineral exploration company that may cause
future results to differ materially from those expressed or implied in
such.
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