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## MONUMENT MINING LIMITED 

Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 

## 15. Income Tax 

The reconciliation of income tax provision computed at statutory rates to the reported income tax provision is as follows: 

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Future income tax assets and liabilities have been calculated using the following enacted corporate income tax rates: Canada at 25.75% (2009 – 26%) and Malaysia at 25% (2009 – 20%). Significant components of future tax assets and liabilities, after applying enacted corporate income tax rates, are as follows: 

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At June 30, 2010, the Company’s losses for Malaysian tax purposes are approximately $961,600 (Malaysian ringgit 2,935,000), that may be carried forward to apply against future income for Malaysian tax purposes. These losses do not expire. 

