29 June 2009
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NEWS RELEASE
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Release # 5 - 2009
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Monument Appoints New
Director
Vancouver,
B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1)
("Monument" or the "Company") is pleased to announce
that it has appointed Mr. Graham Dickson to the Board of Directors
effective June 25, 2009.
Mr.
Dickson brings a wealth of mining industry experience to the Board. He
is a mining executive with over 25 years extensive hands on experience in
the gold mining industry and has built numerous gold treatment plants in
remote areas of the world. In the past, he served in various capacities
with BYG Natural Resources Ltd., which had an operating gold mine in the
Yukon Territory. He also acted as General Manager of a turnkey
construction company for gold milling facilities in remote locations,
including the Snip Mill for Cominco Ltd., Golden Patricia Mill for Bond
Gold and Seabee Mill for Claude Resources. In the same capacity, he has
recently completed the surface facilities, for Bema Gold's Julietta mine
in Far East Russia, ahead of schedule and under budget. Mr. Dickson is
currently serving as Chief Operation Officer of Yukon-Nevada Gold Corp.,
which holds a diverse portfolio of gold, silver, zinc and copper
properties in the Yukon Territory and British Columbia, Canada as well as
in the states of Arizona and Nevada in the US.
Mr. Brazier, Chairman of the Board
said: "We are pleased to have Mr. Dickson join the Monument Board of
Directors. His experience and the fact he is a mining professional
compliment the present Board and is invaluable for our Selinsing gold
mine development currently being undertaken in Malaysia."
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, Axino AG
Office: 604.638.1661
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.de
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.
Forward-Looking
Statement:
This press release
contains forward-looking statements about Monument Mining Limited
("Monument"), its business and future plans, including the
contemplated phase I and phase II development plans resulting in the
commencement of mining and gold production, and in respect of the dates
and amounts projected for these two phases resulting in the plant
construction, gold production, gold sales and costs of the Selinsing
Project. Forward-looking statements are statements that are not
historical facts and include the timing of the proposed programs and
events. The forward-looking statements in this press release are
subject to various risks, uncertainties and other factors that could
cause actual results or achievements to different materially from those
expressed or implied by the forward-looking statements. These risks
and certain other factors include, without limitation, uncertainty to the
actual cost of the gravity circuit and the estimated cash flows which may
be generated from the gravity circuit, the risk that the Selinsing
Project will not be completed successfully or in a timely manner, general
economic factors and other factors that may be beyond the control of
Monument. Forward-looking statements are based upon the beliefs,
opinions and expectations of the management of Monument at the time they
are made and Monument does not assume any obligation to update its
forward-looking statements if those beliefs, opinions, expectations or
circumstances should change.
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