Mr. Jean-Marc Lacoste reports

MONARQUES STARTS EXPLORATION ON ITS CROINOR GOLD PROJECT

Monarques Resources Inc. has started fieldwork on its Croinor gold project about 70 kilometres east of Val d'Or. Following the announcement of a prefeasibility study on the Croinor deposit to be carried out by InnovExplo Inc. of Val d'Or, the corporation will be conducting fieldwork to better evaluate the overall potential of the property by revisiting the main historical showings and by conducting a geological reconnaissance on geophysical anomalies.

"We are very pleased to be launching an exploration program in parallel with our prefeasibility study," said Jean-Marc Lacoste, president and chief executive officer. "Our goal is to highlight the excellent potential of our Croinor gold project by doing work on showings on the periphery of the main deposit."

The Croinor gold project consists of 304 mineral claims covering an area of 88 square kilometres. The project is primarily focused on the Croinor deposit but, in addition to that deposit, which only covers 18 of the project's 8,800 hectares, there are also many historical showings on the claims, including Kenda-Pershing, Anaconda R-610, Rocheleau 3 and 5, Bug Lake, and Tranchee 2. All these showings have had surface exploration done on them in the past, ranging from channel sampling to drilling. The historical results are very encouraging in the current climate, and additional evaluation work is fully warranted.

HISTORICAL RESULTS FOR SHOWINGS ON THE CROINOR GOLD PROJECT 

                        Length      Grade Au
Showing                (m) (i)         (g/t)        Hole ID

Kenda-Pershing            0.61         10.90              6
                          0.43         24.69             60
Anaconda R-610             1.7         16.90          R-610
                          1.43          1.25        CP-77-1
Rocheleau 3                3.4           2.6       CR-02-09
                           7.0           2.2       CR-02-14
                           6.8           1.3       CR-02-21
Rocheleau 5                1.5          5.09        V-88-57
Bug Lake                 24.20          1.76      CR-04-289
                          2.31          11.9      CR-04-304
                          1.93         30.10      CR-04-307
Tranchee 2                 8.2           4.3
                           3.0          3.64      CR-03-275
                           3.0          2.57      CR-04-287
                           3.0          3.84      CR-04-296

(i) Length is measured along the core axis and does not 
necessarily reflect the true width of the showing. 

The data in this table are historical in nature and have been compiled by the Ministere de l'Energie et des Ressources naturelles from reports filed with the MERN in the context of statutory work. Monarques cannot verify any of these historical results or guarantee their validity or reproducibility. These data should only be considered as indicative of the potential of the showings.

Over the coming weeks, Monarques personnel will strip each of these showings using a mechanical shovel, map the surface and resample the mineralized systems in order to better delineate the zones. Soil samples will then be collected on the immediate extensions of the stripped areas to determine their precious metal content. The corporation hopes that this will enable it to trace the extensions of surface showings and potentially identify large mineralized areas.

The technical and scientific content of this release has been reviewed by Antoine Fournier, a geologist and Monarques's exploration manager, acting as the qualified person under National Instrument 43-101.

We seek Safe Harbor.