MGFX Monarch Gulf Exploration Inc New (CE)

Monarch Gulf Exploration, Inc. (PINK SHEETS:MGFX) announced today that they have retained Blair Garrett, President of J.B. Garrett Engineering, Inc. to serve as its petroleum engineering consultant. Garrett's work will consist of reserve and valuation studies and reservoir engineering. "Blair's credentials and past work speak volumes to his expertise and his personal character. Bob Jorgenson, President of MGFX, and I are pleased to have such a highly successful and respected professional firm join forces with MGFX," stated Chairman of the MGFX Board, Bucky Woy. The company in 2006 will be aggressively pursuing increasing its oil and gas production whether it is via acquisition of production or buying acreage with commercially drillable prospects. Garrett's engagement is a key phase in MGFX's continued focus in building asset value and cash flow for the company. Mr. Garrett has consulted and is currently engaged by the likes of Banque Paribas, Headington Oil Company, Murchison Capital Partners and Sandstone Partners to name a few. Forward-Looking Statements Statements that are not historical facts such as drilling activity and leasehold acquisitions, value and growth, and the future performance of management are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. All forward-looking statements contained in this release are based on management's outlook and perspective on the date of the release.