Firebird Global Master Fund, Ltd. position in Monroe Minerals Inc. decreases



    GRAND CAYMAN, Nov. 27 /CNW/ - This press release is being published in
relation to a change in material facts regarding the securityholding
percentage in Monroe Minerals Inc. ("Monroe") (MMX-TSXV) of Firebird Global
Master Fund, Ltd. ("FGMF") that had not previously been disclosed.
    FGMF announces that on May 22, 2007, 3,080,000 warrants to acquire the
same number of common shares in the share capital of Monroe held by FGMF
expired without being exercised. Immediately after this expiry, FGMF's
securityholding percentage in Monroe decreased by 5.5% since the last
Alternative Monthly Report filed on July 7, 2006.
    FGMF currently holds 7,080,000 common shares in the share capital of
Monroe representing 10.09% of the outstanding common shares of Monroe
immediately after the expiry of the warrants, and 5.80% as of the date hereof.
    FGMF may, from time to time, acquire additional securities of Monroe, may
continue to hold its present position or may dispose of its shares.

    FGMF is a contrarian portfolio equity fund that invests in markets
throughout the world.

    This press release is being issued in order to comply with the disclosure
requirements under applicable securities legislation. This press release is
not an admission that FGMF owns or controls any described securities or is a
joint actor with anyone else.




For further information:

For further information: or to obtain a copy the report of acquisition,
contact: Mr. James Passin, Director Firebird Global Master Fund, Ltd.,    
(212) 698-9260, jpassin@fbird.com

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Firebird Global Master Fund, Ltd.

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