Mr. Jean-Marc Lacoste reports

MONARQUES GOLD INTERSECTS 18.40 G/T AU OVER 1.6 METRES AND 16.05 G/T AU OVER 3.1 METRES ON ITS CROINOR GOLD PROJECT

Monarques Gold Corp. has provided new assay results from the 2018 diamond drill program at its wholly owned Croinor gold project 50 kilometres east of Val d'Or, Que. The 20,000-metre diamond drilling program started in March, 2018, and is focused on the expansion of the Croinor gold deposit. The phase 1 results are from a total of 4,584 metres of drilling in 16 holes. Drilling is continuing.

The Croinor gold deposit is hosted in a sheared diorite sill three kilometres long by 60 to 120 metres wide, striking 295 degrees north and dipping 50 to 65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins. The goal of phase 1 was to extend the western part of the deposit and confirm the continuity of mineralization intersected in hole CR-17-547 (see press release dated Aug. 31, 2017).

"The drill results on Croinor gold continue to surpass our expectations, particularly in terms of the deposit's potential at depth," said Jean-Marc Lacoste, president and chief executive officer of Monarques. "Hole CR-18-586, drilled 50 metres west of hole CR-17-547, returned a 9.4-metre intersection grading 3.08 g/t Au, including 6.61 g/t Au over 3.1 metres, from a vertical depth of 560 metres, 265 metres below the current resource envelope, indicating that the deposit remains open at depth, with wide, continuous mineralization. The other good news is that the deposit appears to extend some 180 metres to the northwest. All the holes intersected mineralization, including 18.40 g/t Au over 1.6 metres in hole CR-18-585 and 16.05 g/t Au over 3.1 metres in hole CR-18-597. We are excited by this outcome of phase 1 and eager to see the phase 2 results."

WINTER 2018: PHASE 1 DRILL RESULTS FROM THE CROINOR GOLD PROJECT
  
Hole No.       Hole length    From        To    Width*   Grade Au
                        (m)     (m)       (m)       (m)      (g/t)

CR-18-582               295   185.2     186.2       1.0       5.59
CR-18-583               400   312.3     316.8       4.5       3.88
                              327.0     328.0       1.0       5.14
CR-18-584               388   350.0     352.0       2.0       4.27
CR-18-585               307   267.8     269.8       2.0       3.96
                              291.0     292.6       1.6      18.40
CR-18-586 **            712   161.5     165.7       4.2       2.53
                              169.8     173.2       3.2       6.54
                              204.4     205.4       1.0       7.24
                              258.0     259.7       1.7       4.45
                              330.3     331.3       1.0       3.25
                              498.0     500.0       2.0       6.91
                              629.6     639.0       9.4       3.08
Including                     631.0     634.1       3.1       6.61
CR-18-587               277   142.6     143.6       1.0       7.69
CR-18-588               241   196.0     197.7       1.7       4.00
                              207.2     208.4       1.2       9.27
CR-18-589               235   224.2     225.5       1.3       1.17
CR-18-590               316   240.8     242.6       1.8       4.44
CR-18-591               268   222.0     223.9       1.9       3.15
                              229.0     230.0       1.0      22.90
CR-18-592               208   Waiting for assays
CR-18-593               192   152.8     155.0       2.2       3.31
                              181.7     182.8       1.1       7.89
CR-18-594               160    91.7      92.7       1.0       5.85
                              137.0     138.0       1.0       5.46
CR-18-595               163   124.9     126.0       1.1       7.75
                              151.8     152.8       1.0       9.73
CR-18-596                91   Waiting for assays
CR-18-597               331   269.5     272.6       3.1      16.05

* The width shown is the core length. True width is estimated to be 
  90 to 95 per cent of the core length.

** Hole CR-18-586 was drilled down dip, parallel to the diorite, to 
   test for the presence of multiple directions of quartz veining. 
   The width shown is the core length. True width is estimated to be 
   30 to 35 per cent of the core length.

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to the ALS Minerals Laboratory in Val d'Or for assaying. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 3.0 grams per tonne are reassayed using the gravity method, and samples containing gold grains are assayed using the metallic sieve method. Monarques uses a comprehensive quality assurance/quality control protocol, including the insertion of standards, blanks and duplicates.

The technical and scientific content of this press release has been reviewed and approved by Ronald G. Leber, PGeo, the corporation's qualified person under National Instrument 43-101.

About Monarques Gold Corp.

Monarques Gold is an emerging gold producer focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The corporation currently owns close to 300 square kilometres of gold properties, including the Beaufor mine, the Croinor gold, Wasamac, McKenzie Break and Swanson advanced projects, and the Camflo and Beacon mills, as well as six promising exploration projects. It also offers custom milling services out of its 1,600-tonne-per-day Camflo mill.

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