Mr. Jean-Marc Lacoste reports

MONARQUES GOLD INTERSECTS 8.24 G/T AU OVER 9 METRES INCLUDING 26.38 G/T AU OVER 2.6 METRES ON ITS CROINOR GOLD PROJECT

Monarques Gold Corp. has released additional assay results from the 2018 diamond drilling program at its wholly owned Croinor gold project 50 kilometres east of Val d'Or, Que. The 20,000-metre program started in March, 2018, and is focused on the expansion and infilling of the Croinor gold deposit. The phase 2 results are from a total of 5,327 metres of drilling in 27 holes. Phase 2 drilling is complete, with assays pending, and phase 3 drilling has started.

The Croinor gold deposit is hosted in a sheared diorite sill three kilometres long by 60 metres to 120 metres wide, striking 295 degrees north and dipping 50 degrees to 65 degrees to the north. The mineralization is associated with pyrite found within and adjacent to quartz-tourmaline veins. The goal of phase 2 was to extend the Croinor gold deposit farther west and infill the two areas slated for underground bulk sampling.

Hole CR-18-606 returned 8.24 grams per tonne gold over 9.0 metres, including 26.38 grams per tonne gold over 2.6 metres. This intersection lies 328 vertical metres below surface, 54 metres north of and 34 metres below the mineralized intersection of hole CN-88-133, which was used to design the deepest stope in the mining plan. Hole CR-18-601, drilled on the western part of the Croinor gold deposit, 84 metres west of the nearest hole (CR-11-401) on the same horizon, returned 5.30 grams per tonne gold over 1.1 metres in an intersection 336 metres below surface. These results show that the deposit is still open both at depth and to the west and that further drilling is warranted.

Hole CR-18-610 returned 5.67 grams per tonne gold over 7.0 metres just below the 500-foot-level drift of the old mine, enlarging a planned stope on this level.

Infill drilling of two areas slated for bulk sampling returned 18.45 grams per tonne gold over 0.9 metre, 12.00 grams per tonne gold over 1.2 metres and 11.25 grams per tonne gold over 1.0 metre from the area on the 125-foot level and 12.50 grams per tonne gold over 1.1 metres, 6.34 grams per tonne gold over 1.2 metres and 4.68 grams per tonne gold over 1.2 metres from the area on the 250-foot level, in addition to other values shown in the attached table. These encouraging numbers confirm and expand the two areas planned for bulk sampling on two different levels. The area on the 125-foot level is in the western part of the deposit and the area on the 250-foot level is near the old shaft in the middle of the deposit.

"Drilling on Croinor gold continues to generate excellent results," said Jean-Marc Lacoste, president and chief executive officer of Monarques. "Like phase 1, phase 2 was a success, striking mineralized zones in 26 of the 27 holes, returning a number of high-grade intersections and enabling us to confirm the grades and continuity of the gold structures in the planned bulk samples areas and extend the deposit at depth and to the west. As we await the final results for phase 2, we have commenced phase 3 drilling, which, in addition to definition drilling on planned stopes in the western sector of the deposit, is focused on other promising exploration targets on the 151-square-kilometre Croinor gold property. From what we know of Croinor gold to date, we believe that its gold discovery potential remains essentially untapped."

       PHASE 2 DRILL RESULTS FROM THE CROINOR GOLD PROJECT
  
Hole No.         Length       From       To     Width*    Au grade
                     (m)       (m)       (m)       (m)        (g/t)

CR-18-592           208     180.5     181.2       0.7         1.66
CR-18-596            91      56.5      58.0       1.5         9.87
Including                    57.5      58.0       0.5        26.70
CR-18-598           328     277.0     277.7       0.7         0.64
CR-18-599           111      56.6      57.7       1.1         7.78
CR-18-600            82                             Abandoned hole
CR-18-601           436     339.3     340.4       1.1         5.30
CR-18-602            81      51.3      52.1       0.8         0.02
CR-18-603           342     151.8     152.8       1.0         1.40
CR-18-604           202     179.6     180.0       0.4         0.03
CR-18-605            97      57.0      58.0       1.0         4.09
CR-18-606**         637     333.5     342.5       9.0         8.24
Including                   333.5     336.1       2.6        26.38
                            346.7     347.3       0.6         3.95
CR-18-607           292     175.0     177.4       2.4         2.00
Including                   175.5     176.0       0.5         3.12
CR-18-608           193     132.2     133.2       1.0         0.41
CR-18-609           208     112.3     113.2       0.9         0.13
CR-18-610           250     177.0     178.0       1.0         7.30
                            180.0     181.0       1.0         5.36
                            189.0     196.0       7.0         5.67
Including                   189.0     192.0       3.0         7.01
                            199.0     199.8       0.8         7.58
CR-18-611           223     188.0     189.0       1.0        29.50
CR-18-612           300      99.8     100.8       1.0        35.90
CR-18-613           142      74.5      75.5       1.0         0.66
CR-18-614            55      38.7      39.3       0.6         0.16
CR-18-615           181     38.85      40.9      2.05         9.66
Including                    40.0      40.9       0.9        18.45
                             93.5      94.5       1.0         2.35
                            112.0     113.0       1.0         7.67
                            175.0    176.35      1.35         3.41
CR-18-616           181      60.4      61.6       1.2         6.34
                             66.2      67.4       1.2         4.68
CR-18-617           130      36.8      37.6       0.8         0.46
CR-18-618           199      73.3      74.0       0.7         4.54
CR-18-619           151      28.0      29.2       1.2        12.00
                             32.8      34.8       2.0         6.60
CR-18-620            70      39.0      41.2       2.2         6.72
Including                    39.0      40.0       1.0        11.25
CR-18-621            85      66.5      67.6       1.1        12.50
CR-18-622            52      42.0      43.0       1.0         3.07

* The width shown is the core length. True width is estimated to 
be 90 per cent 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 per cent 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 mining company 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 Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor mine, the Croinor gold, 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.

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