MONUMENT MINING LIMITED Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 8. Mineral Property Interests Selinsing Gold Property Buffalo Reef Total (Development) (Exploration) Cumulative balance, June 30, 2008 31,381,197 $ 12,371,242 $ 43,752,439 $ Deposit on land acquisition - 50,000 50,000 Assay and analysis - 117,181 117,181 Drilling - 147,977 147,977 Geological - 125,282 125,282 Site maintenance 842,671 114,982 957,653 Transportation 38,541 1,757 40,298 Environmental 1,149,753 - 1,149,753 Socio-economic 29,081 - 29,081 Property fees 50,289 30,096 80,385 Deferred pre-production cost 361,354 - 361,354 Stripping cost 87,815 - 87,815 Incurred during the year 2,559,504 587,275 3,146,779 Non-cash stock based compensation (note 12(d)) 118,304 219,951 338,255 Total additions during the year 2,677,808 807,226 3,485,034 Cumulative balance, June 30, 2009 34,059,005 13,178,468 47,237,473 Mineral property deposit reclassification - (50,000) (50,000) Assay and analysis - 25,427 25,427 Asset retirement obligation 1,188,755 - 1,188,755 Drilling - 22,847 22,847 Geological - 88,345 88,345 Site maintenance 182,879 6,751 189,630 Environmental 20,924 - 20,924 Socio-economic 7,166 634 7,800 Property fees 57,693 971 58,664 Recoveries, net of costs (13,480,752) - (13,480,752) Stripping cost 348,024 - 348,024 Incurred during the year (11,675,311) 94,975 (11,580,336) Non-cash stock based compensation (note 12(d)) 51,418 116,253 167,671 Total additions during the year (11,623,893) 211,228 (11,412,665) Cumulative balance, June 30, 2010 22,435,112 $ 13,389,696 $ 35,824,808 $ Although the Company has taken steps to verify the title to its mineral property interests, in accordance with industry  standards for the current stage of exploration of such property interests, these procedures do not guarantee the Company’s  title. Property title may be subject to unregistered prior agreements or transfers and title may be affected by undetected  defect. To the best of the Company’s knowledge, titles to its properties are in good standing.  The investment in and expenditures on mineral property interests comprise a significant portion of the Company’s assets.  Realization of the Company’s investment in these assets is dependent upon the establishment of legal ownership, the  attainment of successful production from the properties or from the proceeds of their disposal.  Mineral exploration and development is highly speculative and involves inherent risks. While the rewards if an ore body is  discovered can be substantial, few properties that are explored are ultimately developed into producing mines. There can be no  assurance that current exploration programs will result in the discovery of economically viable quantities of ore.  Title to mineral properties  Realization of assets  34 | P a g e