MGFX Monarch Gulf Exploration Inc New (CE)

Monarch Gulf Exploration Inc. (PINK SHEETS:MGFX) announced today that they have engaged Williams & Webster, P.S. Certified Public Accountants. Williams and Webster P.S. is certified to complete public company audits which is the first step in moving Monarch Gulf to a fully reporting company listed on the Nasdaq OTC Bulletin Board. "With the vibrant energy market, the company plans to increase revenue growth through an aggressive acquisition and drilling campaign for 2006. It is time to increase our visibility within the investment community as we endeavor to increase shareholder value," said company president R.E. Bob Jorgensen. Monarch Gulf Exploration is focused on the recovery of oil and gas reserves through acquisition and project development in the Oklahoma, Texas and Louisiana regions. 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 , including any forecasts or estimates are based, on management outlook and perspective on the date of release.