Form51-102F  MANAGEMENT’S DISCUSSION & ANALYSIS  For the period ended June 30, 2010  1.15 Outstanding Share Data The following details the share capital structure as at September 27, 2010, the date of this MD&A. These figures may be subject  to minor accounting adjustments prior to presentation in future consolidated financial statements.  Remaining life /  Expiry date  Exercise  price  Number of securities  Total Common shares  170,240,028  Stock options  July 5, 2012  $0.50  3,300,000 February 18, 2011  $0.58  70,000 August 15, 2013  $0.40  13,390,000  December 5, 2013  $0.50  400,000 December 5, 2013  $0.40  230,000 December 5, 2013  $0.25  1,731,000 February 9, 2014  $0.25  425,000 July 29, 2012  $0.30  800,000 December 17, 2014  $0.39  30,000 June 8, 2013  $0.30  1,600,000 June 10, 2015  $0.30  500,000 22,476,000  Warrants  July 21, 2011  $0.50  70,120,000  August 12, 2011  $0.50  8,125,003 August 12, 2015  $0.50  5,000,000 83,245,003  1.16  Risks and Uncertainties  Monument Mining Limited is an exploration, development and gold production company which looks for gold resources. The  exploration for and development of mineral deposits involves significant risks, which even a combination of careful evaluation,  experience and knowledge may not eliminate. While the discovery of a mineral deposit may result in substantial rewards, few  properties which are explored are ultimately developed into production. Major expenses may be required to establish ore  reserves, to develop metallurgical processes and to construct mining and processing facilities at a particular site. It is  impossible to ensure that the current exploration programs planned by the Company will result in the discovery of mineral  resources or a profitable commercial mining operation, and, on an industry statistical basis, it is unlikely that an economic  operation will be developed.  Whether a mineral deposit, if ever discovered, will be commercially viable depends on a number of factors, some of which are  the particular attributes of the deposit, such as size, grade and proximity to infrastructure, as well as metal prices which are  highly cyclical and government regulations, including regulations relating to prices, taxes, royalties, land tenure, land use,  importing and exporting of minerals and environmental protection. The exact effect of these factors cannot be accurately  predicted, but the combination of these factors may result in the Company not receiving an adequate return on invested  capital.  17 | P a g e