Monster Mining Corp.
TSX VENTURE : MAN
OTCQX : MMNGF

Monster Mining Corp.

January 18, 2012 10:00 ET

Monster Mining Drills 1.4 m of 1696 g/t Ag at Keno-Lightning, Yukon

Nine Holes in Caribou Hill Zone Hit Intervals Greater Than 300 g/t Ag; Company Also Reports Strong Gold Values From Trenching at Homestake Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2012) - Monster Mining Corp. (TSX VENTURE:MAN)(OTCQX:MMNGF) (the "Company") is pleased to report final results from its 2011 diamond drilling program at its flagship Keno-Lightning project located near Keno City, Yukon, adjacent to the east of Alexco Resources' operating Bellekeno silver mine. The Company completed 25 HQ3 and NQ3 diamond drill holes for 1819.3 m at its Caribou Hill and Homestake prospects. Highlights of the drilling program include Caribou Hill drill holes CH11-09 with 1.4 m of 1696 g/t Ag and 0.46 ppm Au from 15.5 m; CH 11-17 with 0.5 m of 1787 g/t Ag and 2.30 g/t Au from 22.9 m; and CH11-18 with 0.9 m of 1151 g/t Ag from 24.1 m and 1.6 m of 1183 g/t Ag from 34.7 m.

Robert Eadie, president and CEO, stated, "These highly promising drill results provide the geological team with strong prospective new targets for the next round of drilling at Keno-Lightning. Trenching results from the Homestake Zone, also reported in this release, show excellent potential as well, requiring further drilling."

Results of the Caribou Hill diamond drilling program, in conjunction with results of trench sampling and the airborne geophysical program means that Caribou Hill remains a high priority target for follow-up in 2012. The Homestake drilling program did not return any significant results; however, recoveries were generally poor at Homestake, averaging 74% throughout the program, and significantly less in vein and fault zones. The Company will be evaluating the drilling methods used in an effort to reduce significant core losses in future programs. Table 1 presents best results from the 2011 diamond drilling program.

Table 1: Highlights of 2011 Drilling Program at Caribou Hill

Hole ID Prospect From To Interval Ag g/t Au ppm
CH11-07 Caribou Hill 15.9 17.2 1.3 770
CH11-08 Caribou Hill 13.4 14.8 1.4 493
CH11-09 Caribou Hill 15.5 16.9 1.4 1696* 0.46*
CH11-10 Caribou Hill 35.21 35.84 0.63 447
CH11-11 Caribou Hill 39.7 40.6 0.9 119 1.90
CH11-13 Caribou Hill 16.5 17.7 1.2 401
CH11-15 Caribou Hill 13.5 15 1.5 116
CH11-15 Caribou Hill 16.4 18.4 2 221
CH11-16 Caribou Hill 11.4 13.4 2 352
CH11-17 Caribou Hill 22.9 23.4 0.5 1787 2.30
CH11-18 Caribou Hill 24.1 25 0.9 1151
CH11-18 Caribou Hill 34.7 36.3 1.6 1183
CH11-20 Caribou Hill 22.5 23.5 1 380

* Weighted Average
Values in bold and italics are g/t Au.

The Company has also received the last of the results of a trench sampling program conducted at Keno-Lightning during the 2011 field season. Chip and panel samples from Homestake returned best results of 1 m x 1 m (panel) of 11.05 g/t Au, 0.35 m (chip) of 9.13 g/t Au, 0.35 m (chip) of 7.80 g/t Au and 0.5 m (chip) of 3.11 g/t Au from strongly oxidized arsenopyrite and scorodite-bearing brecciate quartz veins exposed in trench HS-TR01.

Previously reported results (press releases dated September 8th, 2011 and October 5th, 2011) include 3.3 m of 2332 g/t Ag, 1.38 g/t Au, 8.5% Pb and 1.1% Zn, 0.3 m of 1855 g/t Ag, 41.5% Pb and 530 ppm Zn, 0.4 m of 1026 g/t Ag, 0.62 ppm Au, 2.75% Pb and 6417 ppm Zn, and 0.7 m of 982 g/t Ag, 0.57 ppm Au, 9.33% Pb and 1.35% Zn from Caribou Hill.

Initial results from the Homestake trenching and sampling program returned 0.7 m of 1155 g/t Ag, 0.30 g/t Au, 6.27% Pb and 10.09% Zn and 0.35 m of 761.4 g/t Ag, 5.72% Pb and 1.50% Zn from oxidized and gossanous material exposed in Trench Tr04. Table 2 presents the best results from the 2011 trench sampling program.

Table 2: Highlights of trench sampling program at Homestake Zone

Prospect Sample
No
Location Easting Northing Sample
Width
(m)
Au
(ppm)
Ag
(ppm)
Pb
(%)
Zn
(%)
Released
Caribou 580003 TR-06 492801 7091187 2 0.26 454.1 8-Sep-11
Caribou 580004 TR-06 492801 7091189 0.5 0.12 127.1 1.15 8-Sep-11
Caribou 580011 CH TR08-01 492796 7091079 0.4 0.616 1026 2.75 8-Sep-11
Caribou 580013 CH TR08-01 492800 7091070 0.8 0.495 450.1 2.75 8-Sep-11
Caribou 580014 CH TR08-01 492800 7091067 0.7 0.571 981.6 9.33 1.35 8-Sep-11
Caribou 580016 CH TR08-01 492787 7091058 0.3 0.093 1855.7 41.5 8-Sep-11
Caribou 580018 CH TR08-01 492781 7091050 1.2 0.301 107.6 8-Sep-11
Caribou 580022 CH TR08-01 492781 7091053 1.5 0.028 96.5 8-Sep-11
Caribou 580024 CH TR08-01 492795 7091038 1.7 1.676 3332.7 13.88 1.07 8-Sep-11
Caribou 580025 CH TR08-01 492793 7091038 1.6 1.074 1268.4 2.76 1.12 8-Sep-11
Caribou 580026 CH TR08-01 492793 7091036 1.6 0.222 194.2 0.98 8-Sep-11
Caribou 580028 CH TR08-01 492789 7091009 1.5 0.481 954.2 4.81 1.05 8-Sep-11
Caribou 580030 CH TR08-01 492791 7090997 1.5 0.251 539 2.13 1.05 8-Sep-11
Caribou 580031 CH TR08-01 492791 7091042 2.0 1.005 2953.1 8.11 5-Oct-11
Caribou 580032 CH TR08-01 492796 7091028 0.5 0.344 109.3 2.19 5-Oct-11
Caribou 580033 CH TR08-01 492781 7090961 0.8 0.106 138.5 1.35 5-Oct-11
Homestake 580102 TR04 489780 7086838 1.1 0.052 283.6 1.41 2 5-Oct-11
Homestake 580114 TR04 489840 7086856 0.35 0.056 761.4 5.72 1.5 5-Oct-11
Homestake 580116 TR04 489844 7086857 0.4 0.07 227.9 5-Oct-11
Homestake 580119 TR04 489852 7086866 0.7 0.295 1155.3 6.27 10.09 5-Oct-11
Homestake 580128 TR01 489988 7086794 1x1 panel 11.05 27.5 1.79 This release
Homestake 580129 TR01 489988 7086794 0.35 7.795 166.9 11.76 2.68 This release
Homestake 580132 TR01 489986 7086792 0.35 9.131 19.7 2.11 This release
Homestake 580134 TR01 0.5 3.113 65.6 1.95 This release
Homestake 580137 TR05 490229 7086890 1.5 2.241 89.4 4.13 This release
Homestake 580138 TR05 490229 7086890 1.2x0.5 panel 0.13 1.7 This release
Homestake 580139 TR05 490229 7086886 0.8 1.502 84.8 3.05 This release
Homestake 580148 TR west of TR05 490206 7086876 1.5 1.137 36.4 This release

Values in bold and italics are g/t.

Sampling Method, Quality Assurance and Quality Control, Chain of Custody and Data Verification

Drilling was completed with skid-mounted drills utilizing HQ3 (61.1 mm) and NQ3 (45.0 mm) diameter core. Diamond drill core was transported at the end of each shift to core logging and processing areas located at the camp. The core was logged, and select intervals were either split using a hydraulic splitter or sawn using a diamond saw, placed with their sample tag into a labeled plastic bag, then sealed and placed into a labeled rice bag for shipment. One half of the sample was submitted for analysis, the other half remains on site.

The rice bags were delivered by Monster Mining Corp. to Acme Analytical Laboratories' Whitehorse preparation facility, where they were crushed and pulped, then sent internally to Acme's Vancouver analytical facility for analysis. Sample security was maintained by Monster Mining Corp. personnel, under the supervision of the senior project geologist, from the drill to the preparation facility in Whitehorse, at which time sample security was assumed by Acme Analytical Laboratories Inc. The remaining core is stored in racks at the Homestake prospect.

Samples were submitted to the lab with standards, blanks and field duplicates to check for quality assurance and quality control at the laboratory. Quality control samples were inserted at regular intervals in every hole, and particularly after a vein zone to detect contamination. Both the Whitehorse preparation facility and the Vancouver analytical facility are ISO9001:2008 registered (Certificate No. FM 63007).

All samples were submitted to Acme Analytical Laboratories for analysis of Ag, Al, As, Au, B, Ba, Bi, Ca, Cd, Co, Cr, Cu, Fe, Ga, Hg, K, La, Mg, Mn, Mo, Na, Ni, P, Pb, S, Sb, Sc, Se, Sr, Te, Th, Ti, Tl, V, W and Zn using an aqua-regia (1:1:1 HCl-HNO3-H2O) digest and ICP-MS (inductively coupled plasma mass spectroscopy) analysis, on a 15 g sample (analytical method 1DX2). Samples returning > 500 ppb Au or > 100 ppm Ag were re-analyzed by fire assay with an atomic absorption (AA) finish. Laboratory-inserted blanks (analytical and method), standards and duplicates (pulp and preparation) verify internal quality assurance/quality control procedures. All analyses are reported as drilled intervals and should not be interpreted as true widths.

The Company's flagship Keno-Lightning project, which comprises 329 quartz claims for approximately 6,650 hectares, hosts eight known Yukon Minfile occurrences and is located in the historic Keno Hill silver district, which produced over 200 million ounces of silver between 1913 and 19891.

Joanna Ettlinger, PhD, P.Geo, MAusIMM(CP) is the Qualified Person under National Instrument 43-101 who has reviewed and approved the technical information contained in this news release.

1 Cathro, R.J. 2006, Great Mining Camps of Canada 1.The History and Geology of the Keno Hill Silver Camp, Yukon Territory, Geoscience Canada, v. 33, p. 103-134

ON BEHALF OF THE BOARD

Robert Eadie, President, Chief Executive Officer and Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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