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Monument Appoints Graham Dickson as Chairman of the Board

December 21, 2011

Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” is pleased to announce that Graham Dickson has assumed the role of Chairman of the Board of Directors of Monument Mining Limited after George Brazier tendered his resignation. 

This change seperates the dual roles previousely held by George Brazier as Chairman of the Board of Directors and Consultant of the Company since January 2009. As the company works its way toward the Mengapur proposed acquisition and all of the legal work and consulting required, Mr Brazier will concentrate on this apect of consulting in the near term. Mr. Brazier said: “I am very pleased that Graham Dickson has agreed to assume the position of Chairman. It would be necessary for Monument as a fast growing company to have an independent Chairman of the Board of Directors.” 

About Graham Dickson

Mr. Dickson is a mining executive with over 25 years of extensive 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 a 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, Seebee Mill for Claude Resources and for surface facilities at the Julietta mine for Bema Gold in Russia. Mr. Dickson is currently serving as Director and Senior Vice President Acquisitions & Corporate Development 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 U.S.A. 

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

For further information contact:

Monument Mining Limited:   Richard Cushing, Investor Relations 
T: + 1 604 638 1661 x 102 
E: rcushing@monumentmining.com
CHF Investor Relations: Robin Cook, Senior Account Manager 
T: + 1 416 868 1079 x 228 
E: robin@chfir.com
Axino AG - Europe: Wolfgang Seybold, President and CEO 
T: + 49 711 25 35 92 40 
E: wolfgang.seybold@axino.de

“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.”

Forward-Looking Statement

This news release contains forward-looking information about Monument Mining Limited (“Monument”), its business and future plans. The use of words such as “would”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking information. Forward-looking information in this news release includes statements with respect to the completion and the timing of the Summary Report, the financing„ the results of due diligence and the Summary Report, the entering into of a definitive agreement and the closing of the proposed acquisition of the Project. The following are some of the assumptions upon which forward-looking information is based: that general business and economic conditions remain stable; continuing demand for, and stable or improving prices of gold; receipt of regulatory and government approvals in a timely manner; the availability of financing; Monument’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; Monument’s ability to attract and retain skilled personnel; the accuracy of the company’s resources estimates and the accuracy of the historical estimates in the Study; the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations. Actual results could differ materially from those anticipated in this forward-looking information as a result of risks and uncertainties, including: volatility in the price of gold; risk inherent in mineral exploration and development; uncertainties associated with the estimating of mineral resources, and in particular the historical estimates in the Study; competition for capital and skilled personnel; geological technical and drilling problems; general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; foreign operations risks; other risks inherent in the mining industry and other risks described in the annual information form of the Company, which is 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 information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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