Monarques Gold Announces a Positive Updated Prefeasibility Study for the Croinor Gold Property

Monarques Gold (“Monarques” or the “Corporation”) (TSX-V:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) is pleased to report the results of an updated prefeasibility study for its wholly-owned Croinor Gold property near Val-d’Or, Québec. The prefeasibility study was prepared by InnovExplo in conjunction with Amec Foster Wheeler and WSP Canada.

Jean-Marc Lacoste, President and CEO of Monarques said:

“This updated prefeasibility study has significantly improved the profitability forecasts for the Croinor Gold project, as well as increasing the proven and probable reserves. It is also important to note that the study did not include the results from the 25,645 metres of drilling done on and around Croinor Gold since November 2015.

Based on the results received to date, it is clear that the project still has excellent exploration potential. Our goal for our future drilling programs is to extend the life of the Croinor Gold project by increasing the resource.”

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