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: Update on Petro-Canada Project

10/01/2008 5:41pm

Marketwired Canada

Monoil (UK) Limited, a wholly owned UK subsidiary of Monarch Energy Limited (TSX
VENTURE:MNL)(FRANKFURT:EIY), will participate in the drilling of a well in UKCS
License P233, Block 15/18a to test the 'Maria' prospect. The well, to be
operated by Petro-Canada UK Limited, will be drilled with the Global SantaFe
Arctic III semi-submersible rig with operations due to commence in early
February 2008. Monoil will pay 11.11% of the cost to drill and, if required,
conduct DST operations to earn an 8.33% interest in License P233, Block 15/18a.
The Company has identified three additional prospects / leads in the block that
require new 3D seismic to mature to a drill ready status.


ON BEHALF OF THE BOARD

Michael Turko, President and CEO