Vancouver, B.C. Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) ("Monument" or the "Company") announces its intention to carry out a non-brokered private placement of up to 156,250,000 units at a price of $0.45 per unit for gross proceeds to the Company of up to $70,000,000 (the "Offering"). Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.67 per share for a period of 36 months from the closing of the Offering.