MANAGEMENT’S DISCUSSION & ANALYSIS  For the period ended June 30, 2010  Form51-102F  6. The Environmental Management Plan (the “EMP”) for the Selinsing project was developed during the year and  approved by the Ministry of Environmental Department of Pahang state, Malaysia. The EMP documents the  organizational structure, responsibilities, procedures, and resources that enable the Company to manage all relevant  environmental issues and to effectively comply with environmental regulations. 7. On February 12, 2010 the commissioning of the CIL plant was commenced;  8. Subsequent to the year end, the Company closed a $13 million financing on August 11, 2010;  9. Subsequent to the year end, on September 13, 2010, the Famehub acquisition transaction was complete; as a result,  the Company has obtained 32, 000 acres of prospective exploration land;  10. Subsequent to the year end, on September 22, 2010, the Company announced a $3.4 million 12-month exploration  program, consisting of 116 drill holes totaling 18,390 meters on the Selinsing, Damar Buffalo Reef and Famehub  properties. 1.2.1 Property Agreements  Acquisition of Selinsing Gold Project Acquisition of Damar Consolidated Exploration Sdn. Bhd.  Acquisition of the Famehub Properties  The Famehub acquisition was closed on September 13, 2010, subsequent to the year ended June 30, 2010, upon receipt of the  TSX-Venture Exchange’s acceptance and an independent technical report from Snowden Consulting Group (Australia). In February 2010, the “Agreement of Purchase and Sale of Shares” (the “Famehub Acquisition Agreement”) was drafted,  according to which the Company shall acquire the land package through its wholly owned subsidiary, Damar Consolidated  Exploration Sdn Bhd, by purchasing 100% of the issued and outstanding Famehub shares (the “Famehub acquisition”). The  total consideration of $5 million for the Famehub acquisition consists of $1.5 million in cash and 14 million fully paid and non- assessable common shares of the Company. On January 14, 2008, the Company signed a Letter Of Intent (“LOI”) with Famehub Venture Sdn Bhd. (“Famehub”), a company  incorporated in Malaysia. Pursuant to the LOI, Famehub has agreed to sell and Monument has agreed to purchase 32,000  acres of the prospective exploration land (the “Famehub Properties”) and associated data base (together, the “land package”),  for consideration of $5 million. This land is located to the east and north along the trend of Selinsing’s Gold Property and  Buffalo Reef property, commencing approximately 500 meters from the existing ground held under the above two project’s  eastern boundaries. Concurrently with the acquisition of the Selinsing Gold Project, the Company acquired 100% of the shares of Damar  Consolidated Exploration Sdn. Bhd. (“Damar”), a company incorporated in Malaysia, from Avocet Mining PLC (“Avocet”), the  parent company of Damar located in London, United Kingdom; thereby acquiring the Buffalo Reef property, which is contiguous  and continuous with the Selinsing Gold Project for approximately 4.2 kilometers along the regional gold trend. A total of  $1,750,000 cash, 15,000,000 fully paid treasury shares at $0.50 per share and 7,500,000 share purchase warrants was paid as  consideration to acquire 100% of the Damar shares and an Avocet promissory note payable of $1,722,868 (RM5,573,824). On June 25, 2007, through its wholly-owned Malaysian subsidiary, Polar Potential Sdn. Bhd., the Company acquired 100% of the  Selinsing Gold Property including two mining concessions from Wira Mas Trust (the “Vendor”), together with a 100% interest in  Able Return Sdn. Bhd., the former Trustee of Wira Mas Trust, a Malaysian company holding Malaysian Pioneer status which  among other benefits provides a 5-year tax break from Malaysian Federal and other taxes. The property is located in Pahang  State, Malaysia. The total acquisition cost of $29,195,241 was comprised of $3,500,000 cash, a promissory note of $9,000,000  fair valued at $8,181,818, the issuance of 31,400,009 fully paid treasury shares at an ascribed value of $0.50 per share and  5,000,000 share purchase warrants. 7 | P a g e