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MNL Monarch Energy Limited

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Share Name Share Symbol Market Type
Monarch Energy Limited TSXV:MNL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Monarch Energy Limited: Odd Twins Property Agreement

25/03/2011 4:26am

Marketwired Canada


Monarch Energy Limited (TSX VENTURE:MNL)(FRANKFURT:EIY) - 

The TSX Venture Exchange has accepted for filing a Mineral Property Acquisition
Agreement dated January 5th, 2011 between Tectonics Inc. (George S. Langdon) and
the Company. The Company acquired the right to earn a 60% interest in the four
Odd Twins Mineral Licenses comprising 313 claims located on and offshore Long
Point on the Port au Port Peninsula, Newfoundland and Labrador. The Mineral
Licenses are subject to a 2% Net Smelter Royalty. In consideration, the Company
will issue 39,450,000 common shares.


As this is a related party transaction, shareholder approval has been obtained.

For further information, please see the Company's news release dated January
6th, 2011.


ON BEHALF OF THE BOARD

MONARCH ENERGY LIMITED

Michael Turko, Director

This release includes certain forward looking statements which reflect beliefs,
expectations, objectives and goals which are believed to be reasonable at the
time such statements are made. Actual results could differ materially from
anticipated results and may be impacted upon by such factors as commodity
prices, political developments, legal decisions, market and economic conditions,
industry competition, the weather, changes in financial markets and changing
legislation.


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