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Monroe Minerals Inc.
TSX VENTURE:	MMX

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December 5, 2008
Monroe Minerals Announces $1 Million Offering
CALGARY, ALBERTA--(Marketwire - Dec. 5, 2008) - Monroe Minerals Inc. (TSX VENTURE:MMX) ("Monroe" or the "Corporation") announces that it is proceeding, subject to regulatory approval, with a non-brokered offering of up to 25,000,000 units ("Units") by way of private placement at a purchase price of $0.015 per Unit and 42,000,000 flow-through units ("FT Units") at a purchase price of $0.015 per FT Unit for aggregate consideration of up to $1,005,000 (the "Offering"). Each Unit will consist of one common share in the share capital of Monroe ("Common Share") and one common share purchase warrant ("Unit Warrant"). Each FT Unit will consist of one flow through common share and one FT Unit warrant ("FT Unit Warrant"). Each Unit Warrant will be exercisable into one Common Share at a price of $0.05 per Common Share for 12 months from the date of issuance and $0.10 per Common Share for the following 12 months, subject to earlier expiry in certain circumstances. Each FT Unit Warrant will be exercisable into one Common Share at a price of $0.06 per Common Share for 12 months from the date of issuance and $0.10 per Common Share for the following 12 months, subject to earlier expiry in certain circumstances. Subscribers for FT Units will be required to subscribe for Units in a ratio of 1 Unit for each 5 FT Units. Eligible arm's length finders will receive a cash finder's fee in an amount of up to 8% of the gross proceeds of the sale of the Units and FT Units that results from introductions from the finder and will also be issued a non-transferable finder's option ("Finder's Option") to purchase units equal in number to 10% of the Units or FT Units sold in connection with the Offering. Each Finder's Option will entitle the holder to purchase one Finder's Unit ("Finder's Units") at a purchase price of $0.015 on or before 12 months from the closing date of the Offering. Each Finder's Unit will consist of one common share and one common share purchase warrant exercisable for 12 months from the date of grant of the Finder's Option upon payment of $0.06 and for 12 months thereafter at a price of $0.10 subject to early expiry in certain circumstances. Certain directors and officers of Monroe may subscribe to the Offering. Pursuant to the policies of the TSX Venture Exchange ("TSXV") and Multilateral Instrument 61-101 ("MI 61-101"), the Offering may therefore be classified as a "related party transaction." Monroe anticipates that it will be able to rely upon exemptions from the related party requirements of MI 61-101. Monroe will use the proceeds of the Offering to work towards the assembly of a portfolio of uranium properties and exploration thereon and for general working capital purposes. The Offering is subject to regulatory approval. Monroe's shares trade on the TSX Venture Exchange under the symbol MMX. To receive company news releases via e-mail, please advise catarina@chfir.com and specify "Monroe press releases" in the subject line. 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. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

CONTACT INFORMATION:

Monroe Minerals Inc.
Derek J Moran
President
27 82 440 3426
Website: www.monroeminerals.com

or

CHF Investor Relations
Robin Cook
Senior Account Manager
(416) 868-1079 x228
Email: robin@chfir.com

INDUSTRY: Manufacturing and Production - Mining and Metals

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