Environmental legislation is becoming increasingly stringent and costs and expenses of regulatory compliance are increasing. The impact of new and future environmental legislation on the Company’s operations may cause additional expenses and  restrictions. If the restrictions adversely affect the scope of exploration and development on the mineral properties, the  potential for production on the property may be diminished or negated.  The Company is subject to the laws and regulations relating to environmental matters in all jurisdictions in which it operates,  including provisions relating to property reclamation, discharge of hazardous material and other matters. The Company may  also be held liable should environmental problems be discovered that were caused by former owners and operators of its  properties and properties in which it has previously had an interest. The Company conducts its mineral exploration activities in  compliance with applicable environmental protection legislation. The Company is not aware of any existing environmental  problems related to any of its current or former properties that may result in material liability to the Company.  The property is located in Pahang State, Malaysia. The Company acquired a 100% interest in the Selinsing Gold Property in 2007  and since has developed it towards a producing mine by building a 400,000 tonnes per annum capacity gold treatment plant  consisting of a gravity circuit and a CIL (Carbon In Leach) circuit design to operate simultaneously. As at June 30, 2010, although  the Company has commenced open pit mining on the property and gravity concentrate was generated through the gravity  circuit and was transformed into gold dore through smelting, the commissioning of the CIL circuit has not yet been completed.  The cyclone overflow was temporarily stored for further CIL process and accordingly, the Selinsing Gold Property has not  reached the stage of full production. Subsequent to year-end, the Company completed the commissioning of the CIL circuit and  commenced commercial production.  The Company generated recoveries (net of costs) of $13,480,752 (2009 - $nil) from the gravity circuit production during fiscal  2010.  On June 25, 2007, the Company acquired 100% of the common shares of Damar Consolidated Exploration Sdn. Bhd. (“Damar”),  a wholly-owned subsidiary of Avocet Mining PLC (“Avocet”), incorporated under the laws of Malaysia, thereby effectively  acquiring 100% of the Buffalo Reef Tenement property interests, which lie continuously and contiguously along the gold trend  upon which the Selinsing Gold Property is located. The Company was obligated to fund a $400,000 exploration program on the Buffalo Reef Tenement over two years. Avocet  shall receive US$12 per ounce of gold discovered on a notional 49% of the ounces discovered as a result of the $400,000 two- year post closing exploration program. In fiscal 2009, Avocet terminated the Company’s exploration payment obligation for  consideration of $1.  During the year ended June 30, 2010, the $50,000 deposit on land acquisition related to the Famehub acquisition (note 8(c))  which was capitalized to mineral properties in 2009 was reclassified to deferred costs. On January 14, 2008, the Company signed a Letter of Intent (“LOI”) with Famehub Venture Sdn Bhd. (“Famehub”). Pursuant to  the LOI, Famehub has agreed to sell and the Company has agreed to purchase a land package of approximately 32,000 acres of  prospective exploration land and associated data base (“Famehub Exploration Land Acquisition”). This land is located to the  east of Selinsing’s Gold Project and Buffalo Reef exploration property.  Subsequent to the year-end June 30, 2010, the parties entered into a formal “Agreement of Purchase and Sale of Shares”  (“Famehub Acquisition”) under which the Company agrees to purchase the above described assets, through its wholly owned  subsidiary Damar Consolidated Exploration Sdn Bhd, by acquiring 100% of the issued and outstanding Famehub shares for  $1,500,000 cash and the issuance of 14,000,000 fully paid shares of the Company. The acquisition was completed subsequent  to the year ended June 30, 2010, after closing the $13 million financing transaction (notes 21(a) and (b)). A $50,000 non- refundable deposit was paid to Famehub in 2009 (note 9 (a)). 35 | P a g e 8. Mineral Property Interests (continued)  MONUMENT MINING LIMITED Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 Environmental  a. Selinsing Gold Property b. Buffalo Reef Prospect  c. Famehub Acquisition 