Monarques Gold Presents the Initial Parameters for the Feasibility Study on its Wasamac Gold Project

• The feasibility study will indicate that the Wasamac deposit will be mined using a top-down rather than a bottom-up sequence.
• The initial parameters include a planned production rate of 6,000 tonnes per day, access to the deposit via twin ramps and the use of the Rail-Veyor transport system.
• The project includes many large intersections that were drilled by Richmont Mines in 2011-2012 and that were part of the resource estimate done in October 2017 (see NI 43-101 report from Roscoe Postle Associates Inc.), including the following (see Table 1 for best results):
• 6.40 g/t Au over a true width of 52.80 metres
• 7.28 g/t Au over a true width of 31.40 metres
• 4.61 g/t Au over a true width of 34.94 metres
• 2.83 g/t Au over a true width of 71.76 metres
• The goal of the study is to put the Wasamac gold deposit into production at the lowest possible cost.

MONTREAL, Sept. 25, 2018 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSXV:MQR) (OTCMKTS:MRQRF) (FRANKFURT:MR7) presented the initial parameters today for the feasibility study to be carried out on its Wasamac gold property by BBA. The study, to be completed in December 2018, will include assessment, design, engineering and costing for the mine, the processing plant, the tailings management facility and all the related services and infrastructure required to develop and mine the Wasamac deposit.

Monarques is taking a different approach to the project than Wasamac's previous owner. The Corporation will harness the latest technology and use a top-down rather than a bottom-up mining method in its attempt to put the Wasamac deposit into production at the best possible cost. Furthermore, the Corporation is opting for twin ramps and the use of the Rail-Veyor system underground to haul the mineralized material close to the railway, which will eliminate the hefty capital expenditures associated with building a shaft. The Rail-Veyor system is a promising new technology currently in use at Agnico Eagle's Goldex project in Val-d'Or (see the Goldex Rail-Veyor system).

The study also assumes a production rate of 6,000 tonnes per day. In addition, the land acquired for the mill and tailings facility provides major advantages as it lies alongside the Ontario Northland railway track, on the other side of the Trans-Canada Highway, farther away from the local communities.

"We are working hard to make Wasamac a success, both economically and for the local communities," said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques. "We want this project to fulfill the economic and environmental criteria and meet the local communities' requirements, and we are confident that with BBA's help, we can achieve that goal. We are also keeping open the option of custom milling the ore at one of the sites identified by BBA's previous study (see map of potential sites)."

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, Eng., the Corporation's qualified person under National Instrument 43-101.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold Corporation (TSXV:MQR) 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 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Beaufor Mine, the Croinor Gold (see video), McKenzie Break and Swanson advanced projects and the Camflo and Beacon mills, as well as five promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

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.

Table 1 – Best drilling results on Wasamac

Hole Number	Length (metres)	From (metres)	To (metres)	True Width (metres)	Au Cut Grade^(1)(g/t)	Ag Cut Grade^(1)(g/t)	Zone	Vertical Depth of Intersection (metres)
WS-11-61	705	544.00	627.00	65.66	2.16	-	Main	578
WS-11-65	849	738.00	792.90	46.60	3.45	-	Main	713
WS-11-66A	174	507.20	590.00	68.42	2.66	-	Main	534
WS-11-72	610	502.00	541.75	31.40	7.28	-	Main	513
WS-282-01	616	483.00	563.53	69.47	2.97	-	Main	506
WS-282-02	615	476.85	540.00	52.80	6.40	0.85	Main	488
WS-282-03	591	450.20	535.00	71.76	2.83	0.31	Main	470
WS-289-01	597	493.20	567.30	56.70	3.70	-	Main	526
WS-292-01	618	537.50	581.00	34.94	4.61	1.19	Main	549
WS-302-02	678	570.00	611.80	29.89	3.70	-	Main	590
WS-11-107	531	497.00	502.17	4.01	6.11	-	1	469
WS-11-123	826	703.20	748.00	37.14	2.45	-	1	675
WS-11-74A	870	786.95	826.00	32.88	2.17	-	2	752
WS-390-01	618	526.70	543.70	11.77	3.43	-	2	529
WS-392-02	391	310.00	319.00	7.01	3.80	7.34	2	303
WS-393-01	558	492.60	505.00	9.45	3.37	4.42	2	487
WS-403-03	447	383.80	392.30	7.20	7.12	-	2	355
WS-404-02	480	398.25	411.80	11.11	5.16	0.73	2	384
WS-406-01	406	331.40	346.40	12.11	3.56	-	2	322
WS-11-95	608	550.20	565.80	12.17	4.52	-	3	550
WS-11-100	676	597.80	615.30	12.87	3.63	-	3	600
WS-11-113A	486	431.55	443.00	11.26	2.96	-	3	316
WS-458-02	441	327.35	338.00	7.81	5.19	0.53	3	310
WS-480-01	679	578.00	585.00	5.22	7.09	2.00	4	550

(1) High values are cut at 35 g/t

Table 2 – Monarques Gold Measured and Indicated Resource

	Tonnes (metric)		Grade (g/t Au)		Ounces
Wasamac property^1
Measured Resources	3.99 M		2.52		323,300
Indicated Resources	25.87 M		2.72		2,264,500
Total	29.86 M		2.70		2,587,900
Croinor Gold mine^2
Measured Resources	80,100		8.44		21,700
Indicated Resources	724,500		9.20		214,300
Total	804,600		9.12		236,000
Swanson property^3
Indicated Resources (pit constrained)	1,694,000		1.80		98,100
Indicated Resources (underground)	58,100		3.17		5,900
Total	1,752,100		1.85		104,100
McKenzie Break property^4
Indicated Resources (pit constrained)	939,860		1.59		48,133
Indicated Resources (underground)	281,739		5.90		53,448
Total	1,221,599		2.58		101,581
Beaufor Mine^5
Measured Resources	74,400		6.71		16,100
Indicated Resources	271,700		7.93		69,300
Total	346,200		7.67		85,400
Simkar Gold property^6
Measured Resources	33,570		4.71		5,079
Indicated Resources	208,470		5.66		37,905
Total	242,040		5.52		42,984
TOTAL COMBINED
Measured and Indicated Resources					3,157,865

¹ Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.

²  Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)

³ Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and
Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc.

⁴ Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D'Amours, P.Geo., of GeoPointCom Inc.

⁵ Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d'Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.

⁶ Source: MRB et Associés (January 2015)

SOURCE Monarques Gold Corporation

Jean-Marc Lacoste, President and Chief Executive Officer, 1-888-994-4465, [email protected], www.monarquesgold.com; Elisabeth Tremblay, Senior Geologist - Communications Specialist, 1-888-994-4465, [email protected], www.monarquesgold.com