Monax Mining Limited (Monax or the Company) is pleased to...

Monax Mining Limited (Monax or the Company) is pleased to announce that further sampling
has been completed on the Mt Ringwood Gold Project as part of a recent field visit to prepare for
the Company’s upcoming maiden drilling program.

Fifteen samples were collected from two areas south of the Star of the North Mining Leases on
the western side of the project area (see Figure 1). Samples have been submitted for analysis
with results expected in 2-3 weeks.

Monax is currently awaiting statutory approvals for the proposed drilling program.