Monument Mining Limited Management’s Discussion and Analysis (Form 51 -102F)  For the year ended June 30, 2011  Additional funding for building project pipelines  Foreign Operations  1.17  Disclosure Controls and Internal Controls over Financial Reporting  Disclosure Controls and Procedures  Internal Control over Financial Reporting  The Company continues seeking new acquisition targets so as to increase its resource base. Additional capital may be  required from time to time to fund such acquisitions and development in order to fulfill its business strategy. The  additional capital may come from public market, debt financing and cash flow generated from current production, where  largely influenced by integrated world and regional economy which are out off the Company’s control. The management  have been successfully mitigated those risks in the past through exercise of due care, experiences and knowledge;  however, those factors do not guarantee such risks will be successfully mitigated into the future.  The Company's properties are located in Malaysia, South-East Asia. Malaysia had a history of tin mines and currently has  some gold mine operations at the central gold belt in Pahang State. In 2010, the increase in revenue from gold mine  operations has brought mining to the government’s attention. T he Company has been received strong support from the  local, state and federal government. The Company's mineral exploration and mining activities may be affected in varying degrees by certain risks associated  with foreign ownership including inflation, political instability, political conditions and government regulations. Any  changes in regulations or shifts in political conditions are beyond the Company's control and may adversely affect the  Company's business. Operations may be affected by government regulations with respect to restrictions on foreign  exchange and repatriation, price controls, export controls, restriction of earnings distribution, taxation laws,  expropriation of property, environmental legislation, water use, mine safety and renegotiation or nullification of existing  concessions, licenses, permits, and contracts.  The regulations the Company shall comply with include, but are not limited to, the Mineral Enactment Act 2001, Mineral  Development Act 2004, Environmental Quality Regulations 1978, The Planning Guideline for Environmental Noise Limit  and Controls, Factories and Machinery Act 1967 and Occupational Safety and Health Act 1994. Failure to strictly comply with applicable laws, regulations and local practices relating to mineral rights applications and  tenure could result in loss, reduction or expropriation of entitlements, or closure of operations. The occurrence of these  various factors and uncertainties cannot be accurately predicted and could have an adverse effect on the Company's  operations or profitability.  Disclosure controls and procedures are designed to provide reasonable assurance that all relevant information is  gathe red and reported to senior management, including the Chief Executive Officer (“CEO”) and the Chief Financial  Officer (“CFO”) on a timely basis so that appropriate decisions can be made regarding public disclosure. An evaluation of the effectiveness of the design and operation of disclosure controls and procedures was conducted as  of June 30, 2011, by and under the supervision of the CEO and CFO. Based on this evaluation, the CEO and CFO have  concluded that the disclosure controls and procedures, as defined in Canada by Multilateral Instrument 52-109,  Certification of Disclosure in Issuers’ Annual and Interim Filings , are effective to ensure that (i) information required to  be disclosed in reports that are filed or submitted under Canadian securities legislation and the Exchange Act is recorded,  processed, summarized and reported within the time periods specified in those rules and forms; and (ii) material  information relating to the Company is accumulated and communicated to the Company’s management, includin g the  CEO and CFO, or persons performing similar functions. Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial  reporting and the preparation of financial statements in accordance with Canadian GAAP. Management is responsible for  establishing and maintaining adequate internal controls over financial reporting for the Company.  The Company’s management, including the CEO and CFO, has evaluated t he effectiveness of the internal controls over  financial reporting. Based on this evaluation, management has concluded that internal controls over financial reporting  were designed effectively as of June 30, 2011.  36 |  P a g e