Monarch Energy Limited: Odd Twins Property Agreement

25.03.2011  |  Marketwired

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/25/11 -- Monarch Energy Limited (TSX VENTURE: MNL) (FRANKFURT: EIY) -

The TSX Venture Exchange has accepted for filing a Mineral Property Acquisition Agreement dated January 5th, 2011 between Tectonics Inc. (George S. Langdon) and the Company. The Company acquired the right to earn a 60% interest in the four Odd Twins Mineral Licenses comprising 313 claims located on and offshore Long Point on the Port au Port Peninsula, Newfoundland and Labrador. The Mineral Licenses are subject to a 2% Net Smelter Royalty. In consideration, the Company will issue 39,450,000 common shares.

As this is a related party transaction, shareholder approval has been obtained.

For further information, please see the Company's news release dated January 6th, 2011.


ON BEHALF OF THE BOARD MONARCH ENERGY LIMITED

Michael Turko
Director



This release includes certain forward looking statements which reflect beliefs, expectations, objectives and goals which are believed to be reasonable at the time such statements are made. Actual results could differ materially from anticipated results and may be impacted upon by such factors as commodity prices, political developments, legal decisions, market and economic conditions, industry competition, the weather, changes in financial markets and changing legislation.

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 release.



Contacts:

Monarch Energy Limited
Gerald Otterman
604 641 1379
info@monarchenergy.ca
www.monarchenergy.ca