Monster Mining Arranges $2.4million Private Placement

February 7, 2012 Trading Symbols: MAN: TSXV MMNGF: OTCQX

Monster Mining Arranges $2.4million Private Placement

Vancouver, British Columbia… Monster Mining announces that it has arranged a non-brokered private placement of up to 8,000,000 units (the “Units”) at a price of $0.30 per Unit, for gross proceeds of up to $2,400,000.

Each Unit will consist of one common share of the Company and one-half of one share purchase warrant (a “Warrant”) with each whole Warrant entitling the holder thereof to acquire an additional common share of the Company for a period of two years at a price of $0.45 per share. The Company may choose to accelerate the expiry date of the Warrants if the Company’s shares on the TSX Venture Exchange close at a minimum of $0.50 for a period of 20 consecutive trading days.

In addition to working capital, the net proceeds of the private placement will be used to continue with the Company’s exploration program on its flagship Keno-Lightning property located near Keno City, Yukon, with drilling expected to commence this summer.

A finder's fee will apply in this transaction in accordance with the policies of the Exchange.

The private placement is subject to Exchange acceptance. All of the securities issued pursuant to this offering will have a hold period expiring four months after the closing date.

ON BEHALF OF THE BOARD

Signed “Robert Eadie”

Robert Eadie, President, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Telephone: 1-604-602-4935 Facsimile: 1-604-602-4936 Website: www.monstermining.com Contact: Robert Eadie

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.

Suite 750, 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone:  (604) 602‐4935  �  Facsimile:  (604) 602‐4936   �  E‐mail:  [email protected]