Troubadour Resources Inc. announced the 100% acquisition of the High-Grade Monarch Uranium Property in the Thelon Basin, Nunavut. Terms of Acquisition The Company has entered into an arm's length purchase and sale agreement to acquire 100% ownership of the Monarch Uranium Property for 5,500,000 common shares and a cash payment of $35,000 upon closing. About the Monarch Uranium Property, A significant boulder field has been previously defined, with high values of Uranium discovered on the property.

Sits stratigraphically above the unconformity between the Thelon Basin and the underlying metasediments basement. The intersection of reactivated faults and unconformities is highly prospective for uranium deposits as seen in properties like Cigar Lake, Key Lake.