Monument Announces Senior Management Appointments

VANCOUVER, May 9, 2012 /CNW/ - Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") today is pleased to announce the appointments of Zaidi Harun to the position of Vice President, Business Development and Todd Johnson to the position of Vice President, Exploration,  and Nickolas Kohlmann to the position of Senior Manager, Investor Relations.

Zaidi Harun, B.Sc., former Vice President of Exploration for past five years, is an experienced Exploration Geologist having worked for 15 years in the international mining industry doing field work as well as geological exploration to expand existing mines. He has spent the last eight years in investigating and developing the present reserves, resources and mineral properties including the Selinsing Gold Project, Buffalo Reef Prospect, the Famehub Properties, Mersing Project and Mengapur Project; he also has focused on developing and maintaining relationships with Local, State and Federal governments and communities.

Todd W. Johnson, M Sc Geo, M. Sc Geo Eng, P.E., has over 17 years of experience in the precious and base metal resource industry and an additional 4 years of geotechnical engineering experience.  Mr. Johnson is a recognized expert in the assessment of base and precious metal systems, including Au-Cu skarns, and has worked throughout the Western United States, Northern Mexico, and Canada.  He has served as Vice President of Exploration for Yukon-Nevada Gold Corp from April 2010 to the present. Previously he was with the Noranda-Hemlo Gold Mines group for over 10 years where he was involved with the New World Au (Cu-Ag) discovery in Cooke City, Montana.  After the merger of Hemlo Gold Mines and Battle Mountain Gold in 1996, he significantly contributed to the multi-million ounce resource expansion at the Phoenix Au (Cu-Ag) mine in Battle Mountain, Nevada which was later put into production by Newmont.

Nickolas Kohlmann, M.Sc. Geology, has been working in investor relations in the mining industry for the past 14 years. During that time he has designed and managed programs for numerous mining companies and professional associations, including East Asia Gold Corporation, CHF Investor Relations, PDAC and Akrokeri-Ashanti Gold Mines. Mr. Kohlmann is also a Director of the Prospectors and Developers Association (PDAC) and serves as PDAC Membership Chair. Previous he has worked as an exploration geologist.

Robert Baldock, CEO and President of Monument Mining, said: "The above appoints represent a significant corporate move in enhancement of its management team in depth in order to meet its commitment to shareholders to develop the mineral resources, especially the Mengapur Project, the government/community relations and shareholder communications and market exposure."

Please visit our website at www.monumentmining.com for more information.

"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 statements about Monument Mining Limited ("Monument"), its business and future plans. 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 news 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, the estimated cash cost per ounce of gold production and the estimated cash flows which may be generated from the operations, general economic factors and other factors that may be beyond the control of Monument. statements regarding the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward- looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: 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.

Monument Mining Limited:    

Richard Cushing, Investor Relations 
Vancouver Office
T: + 1 604 638 1661 x 102
E: [email protected]

Nickolas Kohlmann, Senior Manager, Investor Relations 
Toronto Office 
T: [phone]
E: [email protected]

CHF Investor Relations:    

Robin Cook, Senior Account Manager
T: + 1 416 868 1079 x 228
E: [email protected]

Axino AG - Europe:    

Wolfgang Seybold, Chairman
T: + 49 711 25 35 92 40
E: [email protected]