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## MONUMENT MINING LIMITED 

Notes to Consolidated Financial Statements 

For the years ended June 30, 2010 and 2009 

## 15. Income Tax (continued) 

At June 30, 2010, the Company has non-capital losses available for carry-forward for tax purposes that are available to reduce taxable income of future years in Canada of $6,958,300. The losses expire as follows: 

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The future benefit of future income tax assets has not been recorded in these consolidated financial statements to the extent that the Company estimates that these assets, more likely than not, will not be realized. 

## 16. Commitments 

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## 17. Other Income (Expenses) 

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