Mr. Jean-Marc Lacoste reports

MONARQUES GOLD INTERSECTS 20.62 G/T AU OVER 3.95 METRES AT THE BEAUFOR MINE, INCLUDING 111 G/T AU OVER 0.70 METRES

Monarques Gold Corp. has released the first set of results from its 30,000-metre 2018 drilling program at the Beaufor mine. The current results are from nine exploration holes totalling 2,047 metres of drilling on the QF1 and 1700 projects.

QF1 project

The QF1 veins lie approximately 70 metres from the lower contact of zone Q, the main zone currently in production at the Beaufor mine. The current program aims to test the continuity of this structure over an extension of about 500 metres in the west, central and east sectors, outside the known resource.

Four holes totalling 711 metres were drilled in the west sector. All four intersected the QF1 structure, including hole 18-124-92, which intersected 20.62 grams per tonne gold over 3.95 metres, including 111.00 grams per tonne gold over 0.70 metre. This zone consists of two quartz-tourmaline veins 176 centimetres and 24 centimetres thick, containing 1 per cent and 15 per cent pyrite, respectively, within a chloritized, silicified and albitized granodiorite.

"The results of this first round of drilling in 2018 shows strong gold potential in the zone Q footwall," said Jean-Marc Lacoste, president and chief executive officer of Monarques. "This strengthens our sense that the mineral resource can be increased in this area. The next round of drilling, which is now under way, will test the three sectors of the QF1 structure, namely the west, central and east."

1700 project

Five holes were drilled in the 1700 project area for a total of 1,336 metres. All the holes intersected veins/veinlets and mineralization north of a major shear striking approximately 80 degrees north.

The best results were obtained in holes 18-173-13 and 18-173-15, which returned grades of 12.05 grams per tonne gold over 0.50 metre and 5.10 grams per tonne gold over 3.05 metres. The mineralized intersections consist of quartz-tourmaline veinlets containing trace to 5 per cent pyrite.

These holes confirm the vertical and lateral extension of a mineralized lens containing several veins and veinlets near the north contact of a shear, a structure that appears to be similar to the west shear, known to be the main conductor for the gold at the Beaufor mine. The western extension of the shear and the mineralized lenses is still not well understood.

Quality control and qualified person

Sampling normally consists of sawing the core into two equal halves along its main axis and shipping one of the halves to Val d'Or for assaying at the ALS Geochemistry laboratory, which is fully accredited under ISO 17025. The samples are crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 10.0 grams per tonne are reassayed using the gravity method. Certified standards and blanks are inserted into the sampling stream for quality control purposes.

The technical and scientific content of this press release has been reviewed and approved by Elise Bourgault, 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; 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.

  
        SUMMARY OF BEAUFOR MINE EXPLORATION DRILL RESULTS 
   
Project              Hole       From         To   Core length      Grade
                                  (m)        (m)           (m)   (g/t Au)

QF1             18-124-92     112.20     116.15          3.95      20.62
(west sector)   Including     112.20     112.90          0.70     111.00
                18-124-93      25.35      25.85          0.50      33.35
                               86.50      88.10          1.60       1.40
                18-124-94      10.20      10.70          0.50       5.91
                               69.05      69.85          0.80       3.54
                18-124-95      13.15      14.00          0.85       3.13
                               56.80      58.25          1.45       5.39
                Including      56.80      57.55          0.75       8.95
1700            18-173-11          -          -             -          -
                18-173-13      61.20      62.30          1.10       1.10
                              150.70     151.20          0.50       2.52
                              154.60     155.10          0.50      12.05
                18-173-14          -          -             -          -
                18-173-15      33.20      33.70          0.50       2.78
                              169.85     172.90          3.05       5.10
                              177.20     183.70          6.50       2.10
                Including     182.65     183.70          1.05       6.80
                18-173-16      25.65      26.15          0.50       1.42
                              229.70     230.20          0.50       3.00
                              235.85     236.45          0.60       2.10
Notes:
For QF1, true width corresponds to 65 per cent to 90 per cent
of core length. For 1700, true width corresponds to 40 per cent 
to 70 per cent of core length. 

We seek Safe Harbor.