PARRAL, MEXICO--(Marketwired - Feb. 18, 2014) - Monarchy Resources, Inc. (OTCBB:MONK) -
Monarchy Resources is pleased to announce that it has appointed Mr. John Brownlie to the advisory board of the Company. Mr. Brownlie has over 28 years of experience managing, operating, and supervising mining projects, and has recently been instrumental in raising over $15,000,000 for Marlin Gold's (TSX VENTURE:MLN) La Trinidad mine in Sinaloa, Mexico, which is commencing its first gold pour at this location. The Company is particularly excited about Mr. Brownlie's extensive knowledge about the Mexican mining industry, his ability to finance mining projects, and his stellar management experience and track record.
About John Brownlie
Mr. John Brownlie has been the Chief Executive Officer and Chief Operating Officer of Marlin Gold Mining Ltd (formerly Oro Mining Ltd). since October 25, 2010. Mr. Brownlie served as President of Capital Gold Corp., from September 2009 to July 2010 and also served as its Chief Operating Officer until July 2010. He served as Chief Operating Officer of Capital Gold Corp. since February 9, 2007. Mr. Brownlie supervises the construction, start-up and operation of the mine. He has provided team management for mining projects requiring technical, administrative, political and cultural experience over his 28 years mining career. Mr. Brownlie served as Vice President of Operations at Capital Gold Corp., from May 2006 to February 9, 2007. From 2000 to 2006, he was a Consultant providing mining and mineral-related services to various companies including SRK, Oxus Mining plc and Cemco Inc. From 1995 to 2000, Mr. Brownlie served as General Manager for the Zarafshan- Newmont Joint Venture in Uzbekistan, a one-million tonne per month heap leach plant which produced over 400,000 ounces of gold per year. Prior to that, he served as the Chief Engineer and General Manager for Monarch Resources in Venezuela, at both the El Callao Revemin Mill and La Camorra gold projects. He has been Executive Chairman of Ely Gold & Minerals Inc. since October 22, 2010. He has been a Director of Marlin Gold Mining Ltd. (formerly Oro Mining Ltd). since July 02, 2010. He has been Director of Ely Gold & Minerals Inc. since March 1, 2010. Mr. Brownlie served as a Director of Palladon Ventures Ltd. from September 2008 to March 29, 2010. He served as a Director of Capital Gold Corp. from February 9, 2007 to July 2010. He served as Director of Tara Minerals Corp., from May 1, 2008 to November 3, 2008. He served as Director of Tara Gold Resources Corp., from May 2008 to October 31, 2008. Mr. Brownlie is a Mechanical Engineer. He studied mechanical engineering and mineral process design.
About Monarchy Resources
Monarchy Resources ("Monarchy") engages in a variety of investments in historically significant, mining claims and mining real estate world-wide with mineral reserves primarily consisting of precious metals. Monarchy Resources takes a minority, non-operated position in precious metal mining projects. We combine experienced management, low overhead and capital towards promising strategic acquisitions. We allow operators to remain focused on their operated interests and in return Monarchy receives revenue share of the profits from such participation. Monarchy's non-operated position continues to gain momentum as Monarchy partners with more operators and land professionals. Currently Monarchy holds a 45% interest in New World Metals, a Mexican mining company.
About New World Metals
New World Metals ("NWM") is a mineral development, ore processing and refining company focusing on expanding its production of gold and silver in Chihuahua, Mexico. NWM has three operational mines in Mexico.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including the Company's beliefs about its business prospects and future results of operations. Some factors that could cause actual results to differ materially include economic and operational risks, changes in anticipated earnings, continuation of current contracts, and other factors detailed in the Company's filings with the Securities and Exchange Commission, including its most recent Forms 10-K and 10-Q. The Company forecasts provided above are dynamic and therefore refer only to this release date. The Company does not undertake to update any forecasts that it may make available to the investing public.