Monroe Minerals Inc.
TSX VENTURE : MMX

Monroe Minerals Inc.

March 25, 2008 09:00 ET

Monroe Minerals Announces Award of Full Mining Right at the London Diamond Mine

CALGARY, ALBERTA--(Marketwire - March 25, 2008) - Monroe Minerals Inc. (TSX VENTURE:MMX) ("Monroe") announced today that it has been informed by the Department of Minerals and Energy Affairs of South Africa that Monroe has been granted a full mining right in respect of the London alluvial diamond mine pursuant to section 23(1) of the Mineral and Petroleum Resources Development Act 2002.

Monroe President and CEO Derek Moran commented: "This is a very pleasing outcome following two years of uncertainty at the London Mine. Commercial scale diamond production can now commence: the combination of strong gem quality diamond prices and a weak South African rand enhancing the economics for the project."

"Investors are aware that Monroe is currently focused on expanding its uranium exploration division and that the diamond division is being reorganized. The ability to start production at the London Mine undoubtedly enhances the probability of a successful outcome," Mr Moran continued.

Monroe is engaged in the assembly of an international portfolio of uranium projects. Its strategy is well defined: enhancing shareholder value by combining Monroe's recognized twin strengths of technical expertise and professional management to advance mining projects to profitable long term production. Monroe's shares trade on the TSX Venture Exchange under the symbol MMX. For more information please visit www.monroeminerals.com.

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Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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