MONUMENT MINING LIMITED Cons olida ted Balance Sheets (note 1) June 30, June 30, 2010 2009 Assets  Current  Ca sh and ca sh equiva lents 3,949,183 $ 6,109,453 $ Res tricted cas h (note 4) 184,958 73,149 Fa ir value of forward contra cts - 10,103 Accounts receivable 1,955,480 26,893 Prepaid expens es and depos its 91,700 44,364 Inventory (note 5) 4,818,599 - 10,999,920 6,263,962 Property, plant and equipment (notes 7 and 14) 17,522,371 9,600,100 Minera l property interests (notes 8 a nd 14) 35,824,808 47,237,473 Deferred costs (note 9) 238,499 - 53,585,678 56,837,573 64,585,598 $ 63,101,535 $ Liabilities and Shareholders' Equity Current  Accounts pa ya ble a nd accrued lia bilities (notes 6 and 14) 3,844,291 $ 2,095,964 $ Current portion of capital lea se obligation (note 10) 14,723 14,050 3,859,014 2,110,014 Other  Ca pital lease obligation (note 10) 47,481 62,793 As set retirement obligation (note 11) 2,566,438 1,502,309 Future income tax (note 15) 716,100 723,000 7,189,033 4,398,116 Shareholders' equity  Share capital (note 12) 61,540,618 61,407,740 Contributed s urplus (note 12(f)) 8,208,853 6,711,998 Deficit (12,352,906) (9,416,319) 57,396,565 58,703,419 64,585,598 $ 63,101,535 $ (1) Commitments (notes 8(c) and 16) (2) Subs equent Events (note 21) Approved on beha lf of the Board "Robert Baldock" "George Brazier" Robert Ba ldock, Director George Brazier, Director See accompa nying notes to cons olidated fina ncial s tatements . 22 | P a g e