Monroe Minerals re-appoints CHF Investor Relations

    CALGARY, April 27 /CNW/ - Monroe Minerals Inc. (TSX Venture: MMX)
announced today that it has re-appointed CHF Investor Relations (Cavalcanti
Hume Funfer Inc., "CHF") of Toronto and Calgary. Monroe and CHF have been
associated since April 2002. CHF, one of Canada's leading investor relations
firms, will continue to provide comprehensive investor relations and
market-making services to Monroe.
    Derek J. Moran, Monroe's President and CEO, commented "CHF has proved its
integrity and value to our Company repeatedly over the years."
    The ongoing agreement with CHF provides for services to be provided on a
month to month basis subject to either party giving three months written
notice of cancellation. Monroe will pay a monthly fee of $6,000 plus approved
disbursements. CHF will receive incentive options totalling 1,250,000 million
shares, subject to regulatory approvals, in five equal portions at prices
ranging from $0.12 per share to $0.30 per share. The options will vest on a
schedule of one-third per annum and be valid for five years from the grant
    Any market-making activity will be undertaken by CHF through a registered
broker in compliance with the guidelines established by the TSX Venture
    Beyond the options set out above, CHF has no financial interest in Monroe
or its securities. Catherine Hume and Ottavio Cavalcanti, partners of CHF,
have personal shareholdings of 255,000 and 115,000 common shares respectively.
    CHF Investor Relations is a proactive, results driven firm offering a
premium investor relations service to an international client portfolio.
Industrial sectors within their portfolio include mining exploration,
development and production; oil and gas exploration, development and
production; manufacturing and industrial services and technology; internet
tools and marketing; franchise networks; and special situations. For more
information please visit CHF's offices are at 90 Adelaide St.
West, 6 Floor, Toronto, Ontario, M5H 3V9 and 501, 900 6th Avenue SW, Calgary,
Alberta, T2P 3K2.
    Monroe is engaged in the exploration and development of gem quality
diamond properties in Southern Africa and the assembly of an international
portfolio of uranium projects. Its strategy is well defined: enhancing
shareholder value by combining Monroe's recognized twin strengths of technical
expertise and professional management to advance mining projects to profitable
long term production. Monroe's shares trade on the TSX Venture Exchange under
the symbol MMX. For more information please visit

    To receive Company news releases via e-mail, please advise and specify "Monroe press releases" in the subject line.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this News Release

    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.

    %SEDAR: 00008937E

For further information:

For further information: Derek J Moran, President and CEO, Monroe
Minerals Inc., 27 82 440 3426; Robin Cook, Account Manager, CHF Investor
Relations, (416) 868-1079 ext. 228,

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