Monarch Engages Forerunner Financial

  
    
  
  
    
      Monarch Gulf Exploration, Inc. (PINK SHEETS:MGFX) (“MGFX”) 
      announced that effective today, it has engaged the services of 
      ForeRunner Financial (“ForeRunner”) 
      whereby ForeRunner will serve as MGFX’s 
      investment banker to assist MGFX in the analysis and selection of 
      various financing and capital raising options to support its plans for 
      operation, growth, and expansion in 2007. ForeRunner is a trade name 
      used by select representatives of Securities Network LLC, member 
      NASD/SIPC, out of Norcross, Georgia.
    
    
      Bob Jorgensen, Monarch CEO, commented, "The engagement of ForeRunner 
      Financial is a significant step forward for our company. They understand 
      our growth model and have significant expertise in the formation of 
      capital for companies like ourselves in this industry."
    
    
      Monarch Gulf Exploration engages in the acquisition, exploration, 
      production, and development of oil and natural gas properties. MGFX's 
      current expansion activities are focused on three key plays, the San 
      Joaquin Basin, California; Texas; and Louisiana.
    
    
      Statements that are not historical facts such as increases in proved 
      reserves, value and growth, the duration of recoverable reserves and the 
      future performance of management are forward-looking statements within 
      the meaning of Section 27A of the Securities Act of 1933 and Section 21E 
      of the Securities Exchange Act of 1934. Although we believe that our 
      expectations are based on reasonable assumptions, we can give no 
      assurance that our goals will be achieved. Important factors that could 
      cause our actual results to differ materially from those included in the 
      forward-looking statements include the timing and extent of changes in 
      commodity prices for oil and gas, drilling and operating risks, the 
      availability of drilling rigs, uncertainties about the estimates of 
      reserves, the availability of transportation pipelines, changes in laws 
      or government regulations, unforeseen engineering and mechanical or 
      technological difficulties in drilling the wells, operating hazards, 
      weather related delays, the loss of existing credit facilities, 
      availability of capital, and other risks more fully described in our 
      filings with the U.S. Securities and Exchange Commission. All 
      forward-looking statements contained in this release, including any 
      forecasts and estimates, are based on management's outlook only as of 
      the date of this release and we undertake no obligation to update or 
      revise these forward-looking statements, whether as a result of 
      subsequent developments or any other cause.