## Mersing Project 

On September 14, 2011, subsequent to the year end, the Company has entered into an Earn-In Agreement with a Malaysian company, Emas Kehidupan Sdn. Bhd. (“EK”) and its 30% joint venture partners, under which Monument has the right to earn up to a 100% interest in the Gunung Arong Gold Prospect (the “Mersing Gold Project”) through its wholly owned Malaysian subsidiary Damar Consolidated Exploration Sdn. Bhd. 

The Mersing Gold Project is held through mining certificate #1221 (“MC 1221”) for 256 hectares of prospective land, located approximately 30 kilometers north-west of Mersing Town in Jahore State, Malaysia. 

The original Malaysian Geological Survey identified a widespread geochemical anomaly that follows the north-west regional structural trend running for more than 30 kilometers, commencing near the beach at Kampung Sri Pantai running inland toward the Mersing Gold Project. The presence of widespread quartz veining within the highly deformed metasediments, sulphide mineralization and free gold showing in the vein material, and the evidence of substantial alluvial mining and processing activities indicate that the Mersing Gold Project has potential to host primary gold mineralization. To date, the area has not been systematically explored for its primary gold potential and no production details are available. 

Exploration at the Mersing Gold Project will provide an opportunity to understand the geological nature of gold mineralization within the Mersing district and, if successful, will create an opportunity for further discovery along the structural trend as defined by the Mineral and Geosciences Department of Jahore State. The Company has been investigating on this property for over two and a half years including field visits since 2008. 

Monument will initiate the first two year earn-in period by paying CAD 500,000 cash and, subject to TSX Venture Exchange acceptance, issuing 1,500,000 fully paid Monument shares to the vendors in exchange for 70% of the shares in EK (which holds a 70% interest in the Mersing Gold Project), and accordingly a 49% interest in the Mersing Gold Project. Initiation of the first two-year earn-in period results in an exploration obligation totalling CAD 2,000,000 to be completed within two years. 

The Company has the right to earn a further 21% interest in the Mersing Gold Project by making either, at the option of the vendors, a further CAD 1,500,000 cash payment to the vendors or by issuing 2,500,000 fully paid Monument shares to the vendors in order to acquire the remaining 30% of the issued EK shares bringing its interest in the Mersing Gold Project to 70%. Initiation of the second two-year earn-in period results in a further exploration obligation totalling CAD 2,000,000 to be completed by Monument within two years. 

Upon reaching a 70% ownership level in the Mersing Gold Project, the Company has the right, over the following 180 day period, to buy out the remaining 30% interest achieving 100% ownership in the Mersing Gold Project. The consideration of buy-out will be based on an independent valuation and be paid in cash or by issuing shares of Monument at the option of the vendors. Throughout these arrangements, Monument will be the sole operator and manager of the Mersing Gold Project. 

On September 26, 2011, the Company initiated the first earn-in-period by issuing 1,500,000 fully paid common shares of the Company and $486,239 (CAD 500,000) in cash to vendors in exchange for 70% shares in EK, in turn, 49% interest in the Mersing Gold Project. 

## Selinsing Gold Project 

## Resources 

## 1.2.2 Projects Update 

The Selinsing Gold Project (“Selinsing Project”) is located at Bukit Selinsing near Sungai Koyan, approxima tely 65 km north of Raub and 40 km west of Kuala Lipis on the lineament known as the Raub Bentong Suture, at approximately 04015’00”N latitude, 101047’10”E longitude. The resources of  the Selinsing Gold Project are comprised of an indicated mineral resource of 3,630,000 tonnes at 1.76 gpt, using a cutoff of 0.75 gpt for contained ounces of 205,000 ounces of gold, and an inferred mineral resource of 7,690,000 tonnes at a grade of 1.34 gpt for contained ounces of 330,000 ounces of gold at a similar cutoff grade. It is a near surface open pitable resource that metallurgical test work indicates and subsequent mill production records confirm recovery between 92% and 95%. 

