VANCOUVER, B.C., May 25, 2006 ~ Mont Blanc Resources Inc. (TSX-V: MTN), is pleased to announce the closing of its previously announced offering (the ³Offering²) of 240,000 units (³Units²) at a price of $0.50 per Unit for gross proceeds of $120,000. Each Unit consists of one common share of Mont Blanc (a ³Share²) and one common share purchase warrant (a ³Warrant²). Each Warrant will entitle the holder to purchase one Share at a price of $1.00 per Share for a period of two years. Finder¹s fees in aggregate amount of $2,000 (1.7% of the related gross proceeds) were paid to eligible persons.
The proceeds of the placement will be used in connection with the Joint Venture farm-in program on the Taber Area project announced on January 4, 2006.
Taber Property UpdateThe company is also pleased to announce that the drilling rig has arrived on site to commence work on the first of four wells to be drilled over the next fourteen days.
About Mont BlancMont Blanc (www.montblancresources.com) is an oil and gas exploration company focused on participating in low to medium risk oil and gas opportunities.
Mr. Lindsay CarswellCorporate Development and Investor Relations604-601-2079
Mr. Jens BiertumpelCEO604-642-6165
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Any statements regarding the company's future financial position, revenues, earnings, plans and objectives are forward-looking statements. Mont Blanc will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian Securities regulatory authorities by Mont Blanc. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.
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