SPOKANE, Wash., Feb. 9, 2005 (PRIMEZONE) -- Effective Wednesday, February 9th, 2005 management is pleased to announce the name of Monarch Gold Exploration Inc. (Pink Sheets:MGEX) has officially been changed to Monarch Gulf Exploration, Inc. The new trading symbol is MGXX and trades on the pink sheets.
In addition the company is very pleased to announce that William "Bucky" Woy has joined the Board of Directors of Monarch Gulf Exploration Inc. Mr. Woy has a vast array of business experience, having built and successfully sold his own Oil & Gas exploration company, Bullet Drilling Company. He continues to invest in oil and gas projects, and has known Charles Couch, the Chairman of Monarch Gulf Exploration for many years both as a friend and business associate. Mr. Woy also built his consulting business into one of the largest Sports Management Agencies in the country having represented athletes and business people such as Lee Trevino, Julius Boros, Jack Lambert and Lamar Hunt. He has conducted business over the years with some of the biggest U.S. corporations and well known owners of Sports teams including Ted Turner, and Dr. Jerry Buss, to name a few. R.E. Bob Jorgenson President of Monarch adds that the company is truly excited to have an individual like Bucky join us. His knowledge of the Oil and Gas industry, his business experience and knowledge makes for a wonderful addition to the Monarch Gulf team. We couldn't be more pleased. For further information contact R.E. Bob Jorgenson at 1-509-465-1177.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: with the exception of historical information, the statements set forth above include forward looking statements tat involve risk and uncertainties. The company wishes to caution readers that a number of important factors could cause actual results to differ materially from those in the forward looking statements. Those factors include but are not limited to the cyclical nature of the oil and gas business and the company in general.