MRL Margaux Resources Ltd

Margaux Resources Ltd. (TSX VENTURE: MRL) ("Margaux" or the "Company") is
pleased to announce that it has entered into an amendment (the "Amendment") to
its previously announced option agreement (the "Option Agreement") dated
November 8, 2013 with Sultan Minerals Inc. ("Sultan") in respect of the
Jersey-Emerald Tungsten-Zinc Property (the "Property"), located in southeastern
B.C (announced November 11, 2013). The Amendment provides for an extension in
the timeframe to make the installment payments required under the original
Option Agreement to account for the delay the Company experienced in closing its
private placement offering. The recent closing of the Company's private
placement (announced January 21, 2014) allows the Company to move forward with
the Option Agreement and to make the required initial payments thereunder. In
addition, the trading halt on Margaux's common shares will soon be lifted, and
the Company expects that trading will resume on January 29, 2014.


Under the terms of the Amendment, Margaux will have the exclusive option to
acquire a 100% working interest in the Property (subject to the net smelter
returns royalties ("NSRs") discussed below) by:




1.  making payments to Sultan of an aggregate $4.0 million, paid in several
    installments on or before November 8, 2016 (the "Agreement Date") as
    follows: 
    
    a.  an initial deposit of $50,000 paid previously; 
        
    b.  a cash payment of $150,000 on or before January 29, 2014; 
        
    c.  on or before the January 29, 2014, a cash payment of $300,000, to be
        held in trust pending receipt of TSX Venture Exchange approval for
        the transaction; 
        
    d.  on or before the first anniversary of the Agreement Date, a cash
        payment of $750,000; 
        
    e.  on or before the second anniversary of the Agreement Date, a cash
        payment of $1,250,000; and 
        
    f.  on or before the third anniversary of the Agreement Date, a cash
        payment of $1,500,000; and 
        
2.  incurring not less than $2,000,000 in expenditures on the Property on or
    before the third anniversary of the Agreement Date. 



Margaux will use its best efforts to incur expenditures of $6,000,000 on the
Property on or prior to the third anniversary of the Agreement Date.


The other terms of the Option Agreement remain unchanged, including Sultan's
retention of a 1.5% NSR on the Property. For a period of 60 days following the
earlier of (a) the commencement of commercial production on the Property or (b)
the completion of a feasibility study on the Property, Margaux may purchase 50%
of the NSR (being a 0.75% net smelter returns royalty) from Sultan for a payment
to Sultan of $5.0 million. The Property is also subject to several additional
NSRs, ranging from 1-2% on various areas of the Property. 


As announced on January 15, 2014, the Company has appointed Mr. Edward Lawrence
to the Board of Directors of the Corporation. Mr. Lawrence will act as the
Corporation's "Qualified Person" under National Instrument 43-101, "Standards of
Disclosure for Mineral Projects" ("NI 43-101") with respect to the technical
disclosure concerning the Property.


As of the date hereof, neither the Company nor Mr. Lawrence have verified the
resource estimates or the exploration information pertaining to Sultan's public
disclosure regarding the Property. Sultan's resource estimates are considered
historical estimates and the estimates should not be relied upon. The Company
understands that no additional exploration or development work has been
completed on the Property since the dates of Sultan's most recent NI 43-101
reports. In connection with seeking TSX Venture Exchange ("Exchange") approval
of the Option Agreement (as discussed below), the Company expects to commission
an updated NI 43-101 technical report.


Completion of the transaction is subject to a number of conditions, including
receipt of final TSX Venture Exchange approval. There can be no assurance that
the transaction will be completed as proposed or at all.


Investors are cautioned that any information released or received with respect
to the Property may not be accurate or complete and should not be relied upon.
Trading in the securities of Margaux should be considered highly speculative. 


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.


Tyler Rice, President and CFO

FORWARD LOOKING INFORMATION

This press release contains certain forward-looking information and statements
within the meaning of applicable securities laws. The use of any of the words
"expect", "anticipate", "continue", "estimate", "may", "will", "project",
"should", "believe", "plans", "intends" and similar expressions are intended to
identify forward-looking information or statements. In particular, but without
limiting the forgoing, this press release contains statements concerning the
Company's expectations regarding receipt of regulatory approvals, the ability to
make the required installment payments under the Option Agreement, the Company's
ability to obtain a new NI 43-101 report and the timing thereof. 


Forward-looking statements or information are based on a number of material
factors, expectations or assumptions of Margaux which have been used to develop
such statements and information but which may prove to be incorrect. Although
Margaux believes that the expectations reflected in these forward-looking
statements are reasonable, undue reliance should not be placed on them because
Margaux can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. 


The forward-looking statements contained in this press release are made as of
the date hereof and Margaux undertakes no obligations to update publicly or
revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Margaux Resources Ltd.
(403) 537 5590

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