Margaux Resources Ltd. Announces Private Placement of Common Shares

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

Margaux Resources Ltd. (TSX VENTURE:MRL) ("Margaux" or the "Corporation") is
pleased to announce that it has commenced a non-brokered private placement to
raise up to $300,000 (the "Private Placement"). The Corporation will issue up to
2,000,000 common shares ("Common Shares") in the capital of the Corporation to
exempt buyers on a private placement basis at a price of $0.15 per Common Share.



Margaux expects to use the proceeds of the Private Placement towards its
anticipated capital program related to its Jersey Emerald Tungsten-Zinc property
("Property"), located in southeastern B.C. once all requisite approvals have
been received by Corporation for the option agreement in respect of the Property
and for general corporate purposes.


The Common Shares issued pursuant to the Private Placement will be subject to a
four-month hold period from the closing date, which is anticipated to occur on
or before March 14, 2014. 


The Private Placement is subject to approval from the TSX Venture Exchange.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities of Margaux in any jurisdiction in which such
offer, solicitation or sale would be unlawful. The securities to be offered have
not been and will not be registered under the United States Securities Act of
1933, as amended, or any state securities laws and may not be offered or sold
within the United States or to or for the account or benefit of a U.S. Person
absent registration or an applicable exemption from the registration
requirements of such Act or laws. 


About Margaux Resources Ltd.: Margaux is based in Calgary, Alberta and a
publicly traded resource company with oil and gas exploration and production and
an option on the Jersey Emerald Tungsten-Zinc Property (pending final TSX
Venture Exchange approval). The Corporation currently has production from a well
the Jumpbush area in south eastern Alberta and the Jersey Emerald Tungsten-Zinc
Property, located in southeastern B.C. 


Cautionary Statements

This press release contains certain forward-looking information and statements
within the meaning of applicable securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking information or statements. In particular, but without
limiting the forgoing, this press release contains statements concerning the
anticipated closing of the Private Placement and the anticipated use of the
proceeds of the Private Placement. 


Forward-looking statements or information are based on a number of material
factors, expectations or assumptions of Margaux which have been used to develop
such statements and information but which may prove to be incorrect. Although
Margaux believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Margaux can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. The closing of the Private
Placement could be delayed if Margaux is not able to obtain the necessary
regulatory and stock exchange approvals on the timelines it has planned. The
Private Placement will not be completed at all if these approvals are not
obtained or some other condition to the closing is not satisfied. Accordingly,
there is a risk that the Private Placement will not be completed within the
anticipated time or at all. The intended use of the proceeds of the Private
Placement by Margaux might change if the board of directors of the Corporation
determines that it would be in the best interests of Margaux to deploy the
proceeds for some other purpose. 


The forward-looking statements contained in this press release are made as of
the date hereof and Margaux undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


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 press release.


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