🕐09.07.09 - 03:29 Uhr

Monaro Mining [ASX: MRO] - $5.1M FARM-IN AGREEMENT ON BERNARD GOLD-URANIUM-MANGANESE CLAIMS EXECUTED



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Monaro Mining [ASX: MRO] - $5.1M FARM-IN AGREEMENT ON BERNARD GOLD-URANIUM-MANGANESE CLAIMS EXECUTED

Monaro Mining NL (�Monaro� and/or �The Company�) has secured a A$5.1M farm-in agreement on Bernard gold-uranium-manganese claims in the US.

Monaros wholly owned subsidiary Uranium Company of Arizona LLC (�UCA�) has executed a Heads of Agreement with Cristol Enterprises LLC (�Cristol�), an exploration company based in Nevada, USA and specializing in the discovery and development of mineral projects exhibiting significant potential.

HIGHLIGHTS:

� Cristol to expend A$5.1M to earn 49% interest � Monaro to retain 51% interest
� Cristol to farm-in on Monaro�s Bernard gold-uranium-manganese claims located in Arizona, USA
� Recent exploration work yields highly encouraging gold assays in rock chip samples ranging from 5.1g/t to 9.6 g/t
� All drilling permits now in place with drilling set to commence in the immediate term

Please find details in the attached announcement.

For further information, please contact:

Jim Malone
Chairman
+61 4 19537714

or

Mart Rampe
Executive Director
+61 2 4647 9566

Media Enquiries:
Fortbridge � Bill Kemmery
+61 2 9331 0655, email


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