VANCOUVER, B.C., October 22, 2007 - Mont Blanc Resources Inc. (TSX-V: MTN) (the "Company") has made application to the TSX Venture Exchange to reprice all outstanding share purchase warrants as follows:

Expiry Date	No. of Warrants	Original Exercise Price	New Exercise Price
March 13, 2008 April 10,2008 May 19, 2008 April 17, 2008	1,000,000 800,000 240,000 717,813	$1.00 $1.00 $1.00 $1.00	$0.60 $0.60 $0.50 $0.50

On October 17, 2008 the TSX Venture Exchange accepted the Company's application to reprice warrants expiring March 13, 2008, April 10, 2008 and May 19, 2008. The Exchange's acceptance to reprice warrants expiring April 17, 2008 is expected shortly.

Company Contacts:

Mr. Jens Biertumpel CEO 604-642-6165 jens@montblancresources.com

Dennis Petke, CA CFO 604-642-6122 jens@montblancresources.com

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.