Kirrin Resources Inc.
TSX VENTURE : KYM

Kirrin Resources Inc.

May 26, 2009 09:06 ET

Monroe Minerals Inc. Changes Name to Kirrin Resources Inc. and Consolidates Shares 10:1

CALGARY, ALBERTA--(Marketwire - May 26, 2009) - Kirrin Resources Inc. (TSX VENTURE:KYM) (formerly Monroe Minerals Inc.) (TSX VENTURE:MMX) (the "Company"), today reported that it has implemented the resolutions approved at the Annual General and Special Meeting of shareholders held on May 1, 2009 for a change in name to "Kirrin Resources Inc." ("Kirrin") and a consolidation of the issued shares on a 10:1 basis. Effective today, May 26, 2009, the Company will trade on the TSX Venture Exchange under the name Kirrin Resources Inc. and on a consolidated basis. Its trading symbol will change from MMX to KYM. The Company's website address will change from www.monroeminerals.com to www.kirrinresources.com by June 4, 2009.

Registered shareholders of the Company are required to deliver their existing common share certificates (the "Old Common Shares") to the Company's registrar and transfer agent, Computershare Trust Company of Canada ("Computershare"), which will exchange the Old Common Shares for new common share certificates of Kirrin (the "New Common Shares"). To receive New Common Shares, registered shareholders should follow the instructions set out in the Letter of Transmittal and send their Old Common Shares, together with the Letter of Transmittal, to Computershare. Computershare will then deliver, or hold for pick up, the New Common Shares to which each registered shareholder is entitled, in accordance with the instructions given in the Letter of Transmittal.

Beneficial shareholders (i.e. shareholders whose shares are held through a brokerage account) are requested to contact their brokers for necessary coordination of the distribution of the New Common Shares to which they are entitled.

Kirrin is engaged in uranium exploration in Newfoundland & Labrador and in the expansion of its portfolio through acquisition, merger, strategic partnership or joint venture. Its strategy is well defined: enhancing shareholder value by combining technical expertise, corporate development skills and professional management. The Company's shares are listed for trading on the TSX Venture Exchange under the symbol KYM as of Tuesday, May 26, 2009. For more information, until June 4, 2009, please visit www.monroeminerals.com. Thereafter, please visit www.kirrinresources.com.

To receive company news releases via e-mail, please advise catarina@chfir.com and specify "Kirrin News" in the subject line.

Forward-looking information: Except for statements of historical fact, all statements in this news release, including, without limitation, regarding the consolidation of the Company's shares and a change to the name of the Company, constitute forward-looking information which involves 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 expressed or implied by such forward-looking information. Risks include delays in obtaining or failure to obtain regulatory approval. Except as required by applicable securities legislation, the Company undertakes no obligation to publically update or revise forward-looking information, whether as a result of new information, future events or otherwise.

Neither 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 release.

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