Jul. 20, 2010 (Filing Services Canada) -- Monument Mining Ltd. (MMY - TSX Venture, D7Q1 - FWB), reports that new CIL (Carbon in Leach) tank agitators have been received and installed at the CIL circuit of the gold treatment plant at its 100% owned Selinsing Gold Mine Project in Pahang State, Malaysia. Commissioning of the CIL circuit is now in its final stages and the Company is preparing for full commercial production .

Construction of the gold treatment plant with 400,000 tons annual capacity was fully completed in December 2009. Since then the gravity circuit of the plant has continued to operate at designed capacity and has produced a total of 18,800 ounces of gold . New agitators have now been installed in the CIL circuit and are performing satisfactorily. They replace the defective ones that were the cause of the delay in start up of the CIL circuit. The operation of the full plant is progressively meeting designed specifications. The Company is fast tracking towards commercial production .


Financing Update

Monument continues to work with the lenders and it is Management's opinion that the previously announced $12 million financing will be closed within the next couple of weeks . Upon the closing of the financing, Monument will recommence its exploration activities; close the acquisition of additional exploration lands and update the NI43-101 report for the Damar Buffalo Reef Prospect.