Monarques Appoints Michel Bouchard as the Chairman of its Board of Directors

MQR.V

QUEBEC CITY, June 28, 2016 /CNW/ - MONARQUES GOLD CORP. ("Monarques" or the "Corporation") (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce the appointment of Michel Bouchard as Chairman of the Corporation's Board of Directors, effective July 1, 2016. Mr. Bouchard, who is already a director, will replace Michel Baril, who will move into the role of the Chair of the Audit Committee. 

"We are delighted that Mr. Bouchard has agreed to assume more responsibility with Monarques at a critical point in its development," said Jean-Marc Lacoste, President and Chief Executive Officer. "As we have said repeatedly, we plan to develop the Croinor Gold project with a view to putting it into production. We believe that Mr. Bouchard's extensive experience in mineral project exploration, development and production will help guide us towards our end goal. We also want to thank Mr. Baril for his valuable assistance as Chairman of the Board, and we are very pleased that he has agreed to stay on as the Chair of the Audit Committee."

Michel Bouchard has over 30 years of experience in mineral exploration, development and production and is credited with the discovery of the Bouchard-Hébert mine in northwestern Quebec. He served as President and Chief Executive Officer of Clifton Star Resources until recently, and has previously held senior management positions with Aiguebelle Resources, Audrey Resources, Lyon Lake Mines, SOQUEM, McWatters Mining, Cadiscor Resources, North American Palladium and NAP Quebec Mines. He also sits on the boards of a number of other public mining companies. Mr. Bouchard has a B.Sc. and an M.Sc. in Geology and an MBA.

ABOUT MONARQUES

Monarques is a gold exploration company currently focusing its efforts on the development of gold projects along the Cadillac Break, in the Val-d'Or area of Quebec. Monarques currently has nearly 200 km² of property holdings in the Val-d'Or area, including two mining concessions and one mining lease with over $9 million in credits from the Ministère de l'Énergie et des Ressources naturelles.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarques' actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE Monarques Gold Corporation

Image with caption: "Mining experienced director becomes Chairman. (CNW Group/Monarques Gold Corporation)". Image available at: http://photos.newswire.ca/images/download/20160628_C3399_PHOTO_EN_723384.jpg

Jean-Marc Lacoste, President and CEO, 1-888-994-4465 x 201, [email protected], www.monarquesgold.com