Margaux Resources Ltd. Announces Acquisition of the Jersey Emerald Property, B.C.

Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Company") is pleased
to announce that it has entered into an option agreement (the "Option
Agreement") dated November 8, 2013 with an arms-length third party, Sultan
Minerals Inc. (TSX VENTURE:SUL) ("Sultan"), a British Columbia company, for the
acquisition of 100% of the Jersey Emerald Tungsten-Zinc Property (the
"Property"), located in southeastern B.C. With the purchase of the Property,
Margaux intends to switch its strategic focus to the exploration and development
of the Property. 


Under the terms of the Option Agreement, Margaux will have the exclusive option
to acquire the Property by:




1.  making payments to Sultan of an aggregate $4.0 million, paid in several
    installments on or before November 8, 2016 as follows:

a.  an initial deposit of $50,000 paid previously; 
b.  within ten (10) business days of execution of the Option Agreement, a
    cash payment of $450,000 
c.  on or before the first anniversary of the execution of the Option
    Agreement, a cash payment of $750,000; 
d.  on or before the second anniversary of the execution of the Option
    Agreement, a cash payment of $1,250,000; and 
e.  on or before the third anniversary of the execution of the Option
    Agreement, a cash payment of $1,500,000; and

2.  incurring not less than $2,000,000 in expenditures on the Property on or
    before the third anniversary of the execution of the Option Agreement.



Margaux will use its best efforts to incur expenditures of $6,000,000 on the
Property on or prior to the third anniversary of the execution of the Option
Agreement.


Sultan will retain a 1.5% net smelter returns royalty ("NSR") on the Property.
For a period of 60 days following the earlier of (a) the commencement of
commercial production on the Property or (b) the completion of a feasibility
study on the Property, Margaux may purchase 50% of the NSR (being a 0.75% net
smelter returns royalty) from Sultan for a payment to Sultan of $5.0 million.


Pursuant to the Option Agreement, Margaux will assume all existing royalties on
the Property.


The Jersey Emerald Property is located in southeastern British Columbia, 10
kilometres southeast of the community of Salmo. The Property consists of mineral
claims and crown grants covering approximately 15,000 hectares in the Nelson
Mining Division. The Property includes British Columbia's second largest
historic lead zinc mine as well as Canada's second largest historic tungsten
mine which have been inactive since 1973. The property has a remnant resource
for tungsten (please see News Release January 21, 2009 issued by Sultan) and for
lead zinc (please see News Release March 1, 2010 issued by Sultan). In addition,
the Property is prospective for additional deposits of tungsten, zinc, lead,
gold and silver. 


Acquiring the option to purchase the Property provides Margaux time to further
evaluate and explore the historic production and future potential. The
acquisition of the Property will result in a change of business for Margaux,
Margaux previously focused on oil and gas exploration and production in the
Western Canadian Sedimentary Basin. Margaux will retain its remaining producing
Jumpbush oil well.


Margaux plans to use proceeds of the previously announced private placement to
fund the initial installment of $450,000. 


Prior to completion of the transaction, the Company anticipates a further news
release respecting changes to the Company's board and management teams aligned
with the change in strategic direction associated with the transaction with
Sultan.


The TSX Venture Exchange (the "Exchange") has halted trading in the Company's
shares and trading will remain halted pending receipt of applicable
documentation by the Exchange. The Company anticipates that it will seek an
exemption from the Exchange's "Sponsorship" requirements; however there can be
no assurance that such an exemption will be granted on the terms desired by the
Company or at all.


Completion of the transaction is subject to a number of conditions, including
Exchange approval and, if required, Shareholder approval. A condition precedent
to the completion of the transactions contemplated by the Option Agreement is
receipt of all required regulatory (including Exchange) and shareholder
approvals. There can be no assurance that the transaction will be completed as
proposed or at all. 


Investors are cautioned that, except as disclosed in the Management Information
Circular to be prepared in connection with the transaction, any information
released or received with respect to the change of business may not be accurate
or complete and should not be relied upon. Trading in the securities of Margaux
should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.


Tyler Rice, President and CFO

This release was prepared by Margaux's management. Neither the TSX Venture
Exchange nor its Regulation Services Provider (as the term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. 


This news release includes certain statements that may be deemed
"forward-looking statements." All statements in this release, other than
statements of historical facts, that address future production, reserve
potential, exploration drilling, exploitation activities and events or
developments that Margaux expects are forward-looking statements. Although
Margaux believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include market
prices, exploitation and exploration successes, shareholder and Exchange
approvals, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and those actual results or
developments may differ materially from those projected in the forward-looking
statements. For more information on Margaux, investors should review Margaux's
filings that are available at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Margaux Resources Ltd.
[phone]