Monaro Mining NL (ASX: MRO) advises that assay results from the initial exploration drilling program at the Bernard Gold Project located in Arizona has yielded encouraging gold values.

A total of 1,076m (3,530 feet) of drilling has been completed. These results have enabled the Company’s joint venture partner Cristol Enterprises LLC (“Cristol”) to immediately commit to a second stage drilling program.

HIGHLIGHTS:

• Grass roots gold play with encouraging initial drilling results.
• Visible gold in drill holes confirmed by laboratory assay.
• Additional widespread gold anomalism in several widely spaced holes.
• Major regional gold “play” emerging.
• Joint Venture partner Cristol immediately commits to 2nd stage drilling to commence first week of February 2010.
• Magnetic survey and seismic profile completed.
• Joint Venture Company stakes additional prospective land at project.

Click here to view the full announcement.

For further information, please contact:

Jim Malone
Chairman
+61 419 537 714

Media Enquiries:
Fortbridge
Bill Kemmery on +61 2 9331 0655
bill.kemmery@fortbridge.com