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Abstract
(Marketwire - July 3, 2008) - Monroe Minerals Inc. (TSX VENTURE:MMX) ('Monroe') announced today the closing of the previously announced sale of its African diamond interests to Namakwa Diamonds Holdings (Pty) Ltd ('Namakwa'). Monroe has received US$1,050,000 in cash and a 10% carried equity interest in developments arising from the intellectual data base of Monroe Mining (Pty) Limited ('Monroe SA').