MONUMENT MINING LIMITED Notes to Consolidated Financial Statements For the years ended June 30, 2010 and 2009 12. Share Capital (continued) Stock option activity is as follows:  Number of common shares under option  Weighted average exercise price  Balance, June 30, 2008  4,370,000  $ 0.50  Granted  18,306,000  $ 0.38  Forfeited  (3,000,000)  $ 0.42  Balance, June 30, 2009  19,676,000  $ 0.40  Granted  2,930,000  $ 0.30  Forfeited  (5,000)  $ 0.25  Balance, June 30, 2010  22,601,000  $ 0.39  The following table summarizes the stock options outstanding at June 30, 2010:  Options outstanding  Options exercisable  Exercise  Price  Number of  common  shares  Expiry date  Weighted  average  life  (years)  Weighted  average  number  exercisable  Weighted  average  exercise  price  $ 0.50  3,300,000  Jul 05, 2012  2.02  3,300,000  $ 0.50  $ 0.58  70,000  Feb 18, 2011  0.64  70,000  $ 0.58  $ 0.40  13,390,000  Aug 15, 2013  3.14  8,229,451  $ 0.40  $ 0.50  400,000  Dec 05, 2013  3.44  400,000  $ 0.50  $ 0.40  230,000  Dec 05, 2013  3.44  115,000  $ 0.40  $ 0.25  1,731,000   Dec 05, 2013  3.44  1,681,000  $ 0.25  $ 0.25  550,000  Feb 09, 2014  3.62  275,000  $ 0.25  $ 0.30  800,000   Jul 29, 2012  2.08  800,000  $ 0.30  $ 0.39  30,000   Dec 17, 2014  4.47  -  -  $ 0.30  1,600,000   Jun 08, 2013  2.94  -  -  $ 0.30  500,000  Jun 10, 2015  4.95  -  -  Total  22,601,000  3.00  14,870,451  $ 0.40  The following table summarizes the stock options outstanding at June 30, 2009:  Options outstanding  Options exercisable  Exercise  Price  Number of  common  shares  Expiry date  Weighted  average  life  (years)  Weighted  average  number  exercisable  Weighted  average  exercise  price  $ 0.50  3,300,000  Jul 05, 2012  3.02  3,300,000  $ 0.50  $ 0.58  70,000  Feb 18, 2011  1.64  70,000  $ 0.58  $ 0.40  13,390,000  Aug 15, 2013  4.14  2,715,569  $ 0.40  $ 0.50  400,000  Dec 05, 2013  4.44  400,000  $ 0.50  $ 0.40  230,000  Dec 05, 2013  4.44  -  -  $ 0.25  1,736,000   Dec 05, 2013  4.44  -  -  $ 0.25  550,000  Feb 09, 2014  4.62  -  -  Total  19,676,000  4.00  6,485,569  $ 0.46  The exercise prices of all stock options granted during the year were equal to the closing market prices at the grant date. The  options outstanding have various vesting dates that range from 0 to 3 years.  38 | P a g e