Monaro Mining yields positive results from its Apache Basin Uranium Project in Arizona, USA July 29, 2009

Monaro Mining NL (ASX: MRO) announced today that exploration on the Apache Basin uranium project is yielding a number of positive results. The exploration effort is being funded by Vale Exploration Canada Inc (“VEC”), a wholly owned subsidiary of Vale S.A. (“Vale”), which has met its first year funding commitment of US$750,000.

HIGHLIGHTS:

• Field evaluation of uranium prospects and anomalies from airborne survey on-going
• Rock chip sampling detects values up to 0.20% U3O8
• Permitting to enable drilling to commence on the Jim and Bull claims progressing
• Vale completes its first year funding obligation of US$750,000

Click here to view the full 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 on +61 2 9331 0655 or bill.kemmery@fortbridge.com