Monarques Starts Exploration on its Croinor Gold Project

QUEBEC CITY, QUEBEC--(Marketwired - July 28, 2014) - MONARQUES RESOURCES INC. ("Monarques" or the "Corporation") (TSX VENTURE:MQR)(FRANKFURT:MR7) is pleased to announce that field work has started on its Croinor Gold project, some 70 km 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 km². 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 Tranchée 2. All these showings have had surface exploration done on them in the past, ranging from channel sampling to drilling. Tthe historical results are very encouraging in the current climate, and additional evaluation work is fully warranted.

Table 1 - Historical results for showings on the Croinor Gold project

Showing	Sampling method	Length (m)*	Grade Au (g/t)	Hole #
Kenda-Pershing	Drilling	0.61	10.90	6
	Drilling	0.43	24.69	60
Anaconda R-610	Drilling	1.7	16.90	R-610
	Drilling	1.43	1.25	CP-77-1
Rocheleau 3	Drilling	3.4	2.6	CR-02-09
	Drilling	7.0	2.2	CR-02-14
	Drilling	6.8	1.3	CR-02-21
Rocheleau 5	Drilling	1.5	5.09	V-88-57
Bug Lake	Drilling	24.20	1.76	CR-04-289
		2.31	11.9	CR-04-304
		1.93	30.10	CR-04-307
Tranchée 2	Channel sampling	8.2	4.3
	Drilling	3.0	3.64	CR-03-275
	Drilling	3.0	2.57	CR-04-287
	Drilling	3.0	3.84	CR-04-296

* Length is measured along the core axis, and does not necessarily reflect the true width of the showing.