Monaro appoints US-based capital markets advisory firm November 18, 2009

Monaro Mining NL (ASX: MRO) has finalised an agreement with Murdock Capital Partners Corp., a United States based firm, to act as exclusive US corporate consultant and financial advisor to the Company, which holds uranium projects in the USA.

Highlights:

• US based firm appointed to act as exclusive US advisor
• Seeking to broaden the US shareholder base
• Strategy to fully exploit the potential of flagship uranium projects in North America and to seek other uranium and gold opportunities in the US

Mr Jim Malone, Chairman of Monaro Mining, said that the Company had conducted an exhaustive and extensive search for the right US based company to assist Monaro.

“We have flagged to shareholders that we intend fully exploiting the potential of our flagship uranium projects in the US as well as to open up opportunities for us to acquire further uranium or gold projects in the US. The decision to appoint an advisor in North America is consistent with this strategy and one that we feel will impact positively on shareholder value going forward. Murdock will add to our strategy, and we are anticipating a long and fruitful relationship,” Mr Malone said.

Murdock Capital, an 18 year old firm, with headquarters in New York, NY, specialises in advice and consultation to companies in the mining, minerals and natural resources industries. It will assist Monaro with all aspects of its financial matters, including listings on appropriate stock exchanges, corporate acquisitions, funding structures and related financial matters in relation to the raising of capital for the company.

In conjunction with these activities, Murdock will also act in an Investor Relations role for Monaro in the US, seeking to broaden the US shareholder base through media communications, research coverage and investor meetings with appropriate parties.

Click here to view the full announcement.

For further information, please contact:

Jim Malone, Chairman on +61 4 19537714
Media Enquiries Australia & UK: Fortbridge – Bill Kemmery on +61 2 9331 0655