MONARCH GOLD CORP. MRQRF overview

The Beaufor Mine technical report shows an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate (see press release dated January 28, 2021 ). Inferred resource estimated at 818,900 tonnes grading 4.7 g/t Au for a total of 122,500 ounces, a 307%...

MONTREAL, QC / ACCESSWIRE / August 16, 2021 / MONARCH MINING CORPORATION (' Monarch ' or the ' Corporation ') (TSX:GBAR)(OTCQX:GBARF) is pleased to announce the closing on August 13, 2021, of the previously announced $13.5 million senior secured term loan agreement (the ' Loan ') with Investissement Québec (see press release dated August 3, 2021 ). The Loan has a three-year term and bears interest at an annual rate of 6% until the restart of the Beaufor Mine and Beacon Mill, 5% during the first...

MONTREAL, QC / ACCESSWIRE / August 5, 2021 / MONARCH MINING CORPORATION (' Monarch ' or the ' Corporation ') (TSX:GBAR)(OTCQX:GBARF) is pleased to announce the closing of the previously announced transaction with Gold Royalty Corp. (' Gold Royalty ') (GROY) whereby Gold Royalty has acquired the following royalty interests from Monarch for cash proceeds of $11.25 million (the ' Transaction '): a $2.50 per tonne royalty on all material processed through the Beacon mill originating from the Beaufor...

Three-year term loan agreement with a maximum annual interest rate of 6% to restart the Beaufor Mine and the Beacon Mill Monarch continues to strengthen its financial position, with over $43 million in cash and cash equivalents MONTREAL, QC / ACCESSWIRE / August 3, 2021 / MONARCH MINING CORPORATION (' Monarch ' or the ' Corporation ') (TSX:GBAR)(OTCQX:GBARF) is pleased to announce that it has entered into a $13.5 million senior secured term loan agreement (the ' Loan ') with Investissement...

Beaufor Mine now contains an estimated Measured Mineral Resource of 328,500 tonnes grading at 5.7 g/t Au for a total of 59,900 ounces of gold and an estimated Indicated Mineral Resource of 956,400 tonnes grading at 5.2 g/t Au for a total of 159,300 ounces, a significant increase compared to the previous mineral resource estimate (see press release dated January 28, 2021 ). Inferred resource estimated at 818,900 tonnes grading 4.7 g/t Au for a total of 122,500 ounces, a 307% increase (+92,400...

Transaction aimed at strengthening Monarch's balance sheet in preparation for the Beaufor mine and Beacon mill reopening Non-dilutive financing to increase Monarch's cash and cash equivalent position to approximately $30 million MONTREAL, QC / ACCESSWIRE / July 23, 2021 / MONARCH MINING CORPORATION (' Monarch ' or the ' Corporation ') (TSX:GBAR)(OTCQX:GBARF) is pleased to announce that it has entered into a definitive agreement (the ' Agreement ') with Gold Royalty Corp. (' Gold Royalty ')...

Near-mine underground exploration drilling yields multiple high-grade gold intersections. High-grade results include 119.0 g/t Au over 0.5 m, 56.1 g/t Au over 0.8 m and 45.6 g/t Au over 0.75 m. The 42,500-metre drilling program is ongoing, with four drills underground and one on surface. Monarch has initiated exploration drilling testing the area below the lower most level of the mine. First-ever Beaufor mine block model mineral resource estimate under way. MONTREAL, QC / ACCESSWIRE / July 7,...

Step-out exploration drilling expands mineralized envelope to the south, northeast and east: Hole MK-20-276 intersects 70.80 g/t Au over 0.4 metres and 10.20 g/t Au over 1.2 metres, extending the resource envelope approximately 50 metres to the south. Hole MK-20-266 intersects 8.80 g/t Au over 1.0 metre within a wider section of 6.47 g/t Au over 3.0 metres, and a second zone of 2.25 g/t Au over 12.0 metres, including 13.8 g/t Au over 1.0 metre, thus extending the resource envelope 75 metres to...