Monarques Resources Inc.
TSX VENTURE : MQR

Monarques Resources Inc.

April 25, 2012 16:15 ET

Monarques Resources Inc.: Nomination of Mr. Jean-Marc Lacoste as New Director

QUÉBEC, QUÉBEC--(Marketwire - April 25, 2012) - Monarques Resources Inc. ("Monarques" or the "Company") (TSX VENTURE:MQR) is glad to announce that Mr. Jean-Marc Lacoste has joined the Board of Directors of the Company. Mr. Lacoste is filling in the position left vacant by the departure of Mr. Victor Cantore. The Board would like to hereby thank Mr. Cantore for his precious involvement within the Board of Directors.

Mr. Jean-Marc Lacoste earned his bachelor's degree in Economics from McGill University in Montreal. In 1993 he started a career in finance at the Montréal Stock Exchange where he worked for National Bank Financial and, subsequently, Merrill Lynch Canada. In 2000 Mr. Lacoste left Montréal for Toronto to join Northland Power, a wind power energy corporation, as Vice President of Acquisitions. He returned to Montréal in 2002 where he joined the boards of a few public and private companies. From 2004 to 2010, he took a major role in Golden Goose Resources Inc. where he became President and CEO and COB. Mr. Lacoste has great leadership skills and will be a tremendous asset on the Board of Monarques resources.

About Monarques

Monarques Resources Inc. (TSX VENTURE:MQR) is a mineral exploration company that is exploring for base metals, precious metals including the platinum group elements (PGE) and industrial minerals including rare earth elements (REE). Its 100% owned properties are located in the region of Nemaska, in the Lower James Bay Region of Quebec and cover about 125 km of the polymetallic formation of Lac des Montagnes. This greenstone belt is known for its multiple showings and drill ready targets in addition to the Nisk-1 deposit (nickel, copper and PGE). Monarques mineral assets consist of 1,313 map designated claims divided in 10 properties known as Admiral, Arques, Bourier, Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay, and Valiquette. The properties are accessible year round by either the Route du Nord from Chibougamau (280 km) or the Route de la Baie James from Matagami (380 km) and are located near the Cree community of Nemaska and the Nemiscau airport. Nemaska Lithium (TSX VENTURE:NMX)(OTCQX:NMKEF), an advanced lithium exploration and development company owns 47.2% of the share capital of Monarques.

The statements herein that are not historical facts are forward‐looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties. Actual results could differ from those currently projected. The Corporation does not assume the obligation to update any forward‐looking statement.

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 release.

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