IAS Imasight (Tier2)

Monarques Resources Inc. ("Monarques" or the "Corporation") (TSX
VENTURE:MQR)(FRANKFURT:MR7) is pleased to announce that it has closed a brokered
private placement of 210 flow-through units (the "Flow-Through Units") of the
Corporation, at a price of $1,200 per Flow-Through Unit, for aggregate gross
proceeds of $252,000 (the "Offering").


Each Flow-Through Unit subscribed for under the Offering, is comprised of 6,000
common shares to be issued as flow-through shares, at a price of $0.16 per
flow-through share, of 2,000 common shares, at a price of $0.12 per common
share, and of 4,000 common share purchase warrant of the Corporation. Each whole
purchase warrant shall entitle the holder thereof to subscribe for one common
share in the capital stock of Monarques, at a price of $0.20 per common share,
until December 21, 2015.


The Corporation retained the services of Industrial Alliance Securities Inc.
("IAS"), acting as agent (the "Agent"). In consideration for the services
rendered in connection with the Offering, the Agent received an aggregate cash
commission of $25,200 and aggregate number of 84,000 compensation options to
purchase 84,000 common shares in the capital stock of the Corporation, at a
price of $0.12 per common share, until December 21, 2015.


The net proceeds of the Offering will be used by Monarques to incur exploration
expenses on its properties and for working capital purposes.


Pursuant to the Offering, 4 Flow-Through Units were issued in favour of Mr. Guy
Bourassa, a related party to the Corporation within the meaning of Regulation
61-101 respecting Protection of Minority Security Holders in Special
Transactions (the "Regulation 61-101"). This issuance constitute a "related
party transaction" within the meaning of Regulation 61-101 and the TSX Venture
Exchange Policy 5.9 - Protection of Minority Security Holders in Special
Transactions. However, the directors of the Corporation have determined that the
exemptions from formal valuation and minority approval requirements provided for
respectively under subsections 5.5(a) and 5.7(1)(a) of Regulation 61-101 can be
relied on as neither the fair market value of the securities issued in favour of
related party nor the fair market value of the consideration paid for these
securities exceed 25% of the Corporation's market capitalization. None of the
Corporation's directors has expressed any contrary views or disagreements with
respect to the foregoing.


A material change report in respect of this related party transaction will be
filed by the Corporation but could not be filed earlier than 21 days prior to
the closing of the Offering due to the fact that the terms of the participation
of the non-related parties and the related party in the Offering were not
confirmed.


All securities issued pursuant to the Offering are subject to a restricted
period of four months and a day, ending on April 21, 2014 under applicable
Canadian securities legislation. As a result, the Corporation has 54 440 208
common shares issued and outstanding.


The Corporation expects to be able to file shortly all required documentation to
satisfy the conditional acceptance of the TSX Venture Exchange.


The securities issued under the Offering have not been registered under the
United States Securities Act of 1933 (the "Act") or any state securities laws
and may not be offered or sold absent registration under the Act and applicable
state securities laws or an applicable exemption from the registration
requirements thereof. This news release does not constitute an offer to sell or
a solicitation of an offer to buy, nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction or an exemption there from.


ABOUT MONARQUES

Monarques Resources Inc. (TSX VENTURE:MQR) is a gold exploration mining company,
dedicated to excellence and committed to a socially and environmentally
responsible development plan. The Company is currently dedicating its efforts to
the acquisition and development of gold projects located along the Cadillac
Fault in the Val-d'Or area. As of october 31st 2013, Monarques owns properties
that cover more than 100 km2 in Val-d'Or, comprising a total of 399 claims, 2
mining leases and over $1.76M in credits from the Ministry of Natural Resources
(MNR).


Forward looking statements

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


Twitter: https://twitter.com/MQR_V

RSS Feed: http://monarques.mwnewsroom.com/RSS.aspx?rss=monarq 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Jean-Marc Lacoste
President & CEO
1-888-994-4465 x 201
jm.lacoste@monarquesresources.com


Vincent Janelle
Vice-President, Investor Relations
1-888-994-4465 x 202
vincent.janelle@monarquesresources.com
www.monarquesresources.com

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