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:
Richard Cushing, Investor Relations
Office: 604.638.1661 ext. 102
Wolfgang Seybold, President and CEO, Axino.AG
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.