Mr. Jean-Marc Lacoste reports

MONARQUES INTERCEPTS A 9.0 METER ZONE GRADING 1.27 G/T GOLD AT SIMKAR

Monarques Resources Inc. has released the third and final set of drill results for its Simkar property. This drill campaign allowed the company to fulfill all the contractual obligations of the joint venture with Eloro resources Ltd. Monarques now holds 57-per-cent ownership in the Simkar gold property. The property is located in the heart of the Val d'Or mining camp, just north of the Cadillac Break, in the Abitibi greenstone belt. These results are additional to those released on Jan. 16 and Feb. 5, 2014.

Holes SK13-03 and SK13-18 were drilled to intercept a large silicification halo associated with the South and D zones. This is the most intense alteration observed in the southern sector, and is accompanied by diffuse quartz veins and sulphides, more specifically pyrite, pyrrhotite and chalcopyrite. This zone returned multiple highly anomalous values, such as 2.23 grams per tonne gold over 2.5 metres (including 5.49 g/t Au over one m). Holes SK13-014 to SK13-17 and SK13-019, on the other hand, were drilled on the extension of the A and B zones to test the mineralized stockworks. These holes intersected their target, thus contributing to a better understanding of the networks of veins and veinlets within the zones. The gold system shows grades similar to grades mined previously, such as 4.21 g/t Au over 1.4 m (including 7.89 g/t Au over 0.4 m) within an envelope of 1.21 g/t Au over nine m and 1.27 g/t Au over three m (including 6.50 g/t Au over 0.40 m).

The table shows the best results for holes SK13-01 to SK13-19.

     BEST RESULTS FOR HOLES SK13-01 TO SK13-19

                From         To     Length(i)   Grade
Hole              (m)        (m)        (m)   (g/t Au)

SK13-01        43.50      81.85      38.35       0.15
               53.00      56.10       3.10       0.36
SK13-02        82.50      84.00       1.50       0.40
              165.00     231.00      66.00       0.27
              171.00     198.00      27.00       0.57
including     171.00     174.00       3.00       1.67
              178.50     184.50       6.00       1.46
              229.50     231.00       1.50       0.49
              285.00     286.50       1.50       1.29
              331.10     332.00       0.90       1.80
              355.50     357.00       1.50       0.42
              375.00     376.50       1.50       0.39
SK13-04        13.50      16.50       3.00       0.37
               39.30      67.50      28.20       0.14
including      39.30      39.60       0.30       3.86
               67.00      67.50       0.50       0.53
              210.00     211.50       1.50       0.46
              216.00     219.00       3.00       0.77
              401.90     409.40       7.50       0.38
including     401.90     403.00       1.10       1.13
              407.00     409.40       2.40       0.46
              445.00     446.50       1.50       2.18
SK13-05       225.90     228.00       2.10       0.88
              310.00     311.10       1.10       0.79
SK13-06       154.50     159.00       4.50       0.46
              211.50     216.00       4.50       2.13
              258.00     260.00       2.00       2.08
SK13-07       141.00     164.30      23.30       0.19
including     157.50     159.00       1.50       1.14
              297.50     298.00       0.50       0.95
SK13-08        37.50      40.50       3.00       1.12
              238.60     240.00       1.40       0.37
              279.00     286.00       7.00       0.62
              351.50     353.00       1.50       0.41
SK13-09        67.30      67.60       0.30       1.63
               76.50      91.50      15.00       0.58
including      85.50      87.00       1.50       3.64
              108.00     111.50       3.50       0.46
              231.00     234.00       3.00       1.58
SK13-10       283.00     289.00       6.00       0.58
including     285.00     285.50       0.50       1.13
including     288.00     289.00       1.00       2.19
SK13-11       189.00     190.00       1.00       0.41
SK13-12       138.30     139.00       0.70       1.74
SK13-13       180.00     197.00      17.00       0.17
including     184.00     185.00       1.00       0.89
              310.50     313.00       2.50       2.23
or            312.00     313.00       1.00       5.49
              453.00     454.50       1.50       0.35
              462.50     463.60       1.10       0.47
SK13-14        79.50      80.00       0.50       0.34
              193.50     195.00       1.50       0.66
              344.60     345.35       0.75       0.46
              360.00     360.40       0.40       0.41
              365.55     367.50       1.95       0.35
              372.00     381.00       9.00       1.21
including     379.40     381.00       1.60       4.21
including     379.40     379.80       0.40       7.89
SK13-15        88.50      92.55       4.05       0.23
SK13-16       526.50     529.50       3.00       1.27
including     527.90     528.30       0.40       6.50
SK13-17       123.00     124.20       1.20       1.81
              242.15     242.50       0.35       1.83
              257.00     258.40       1.40       0.59
              433.50     435.00       1.50       1.52
SK13-18        17.00      20.00       3.00       0.51
including      18.00      18.65       0.65       1.66
               90.50      93.50       3.00       0.38
               97.90      99.00       1.10       0.58
              123.00     124.50       1.50       0.37
              174.50     176.00       1.50       0.39
              248.70     249.00       0.30       0.33
              301.50     303.50       2.00       0.47
SK13-19        42.00      46.00       4.00       0.64
              147.50     149.40       1.90       0.34
              402.70     405.70       3.00       0.40

Core length; not necessarily the same as the true 
width.

"We are very pleased with the progress made on our Simkar project in the fall of 2013," said Jean-Marc Lacoste, president and chief executive officer of Monarques. "In a matter of months, since the acquisition, we managed to demonstrate new potential on the project by identifying large, near-surface mineralized zones and by confirming the presence of silver. This opens up new exploration possibilities that need to be assessed now that we have received all the data."

Monarques is now expecting results for silver reassays following the successful initial trial results disclosed on Feb. 5, 2014. Meanwhile, the corporation is evaluating and prioritizing the different targets following the 2013 drilling program in preparation for future work. This evaluation program also encompasses the Tex-Sol property that is adjacent and in which Monarques holds a 100-per-cent interest. The Tex-Sol property had historically shown potential for large, near-surface mineralized zones akin to the ones intercepted in holes SK13-01, SK13-02 and SK13-04 (see Jan. 16, 2014, news release).

The 2013 drilling program consisted of 19 holes totalling 8,055 metres. The program was primarily aimed at extending the gold-bearing horizons previously identified as the A, B, C, D, East and South zones, with the goal of confirming their projected horizontal and vertical extension. A secondary goal was to develop and test new models of these same structures.

The 2013 exploration program was planned and supervised by MRB & Associates of Val d'Or, Que., which designed the drilling program, supervised the work, and logged and sampled the core on Monarques's behalf. Sampling entailed sawing the core into two equal halves along its main axis and shipping one of the halves to Techni-Lab SGB Abitibi Inc. in Val d'Or for assaying. The samples were crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding five g/t were reassayed using the gravity method. MRB & Associates established a full quality assurance/quality control protocol, including the insertion of standards, blanks and duplicates.

Antoine Fournier, PGeo, exploration manager and the qualified person under National Instrument 43-101, has reviewed the technical and scientific content of this release.

We seek Safe Harbor.