A majority of Monarques shareholders vote in favour of the Directors nominated by the Corporation

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MONTREAL, Jan. 25, 2017 /CNW/ - MONARQUES GOLD CORPORATION ("Monarques" or the "Corporation") (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that at the Monarques Annual General and Special Meeting of Shareholders held on January 25, 2017, in Montreal (the "Meeting"), shareholders voted a majority of shares for the election of directors nominated in the proxy circular filed by the Corporation on December 28, 2016, namely Jean-Marc Lacoste, Michel Baril, Guy Bourassa, Michel Bouchard and Christian Pichette.

The scrutineers' report by Computershare Investor Services Inc. confirmed that 100 shareholders and/or proxyholders were present at the Meeting, for 73,649,352 common shares represented personally or by proxy, or 57.14% of the issued and outstanding common shares of Monarques. The scrutineers' report confirmed that a quorum was present and that the Meeting was duly constituted.

Of the 73,649,352 common shares voted, 100% voted in favour of the election of directors, and 99.93% were voted in favour of the appointment of KPMG LLP as external auditor.

ABOUT MONARQUES GOLD CORPORATION

Monarques Gold is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d'Or/Abitibi gold camp in Quebec, Canada. The Corporation currently has approximately 200 km² of gold exploration properties (see map) along the Cadillac Break; plus its main asset, the Croinor Gold mine, which has great potential to become a producing mine. Monarques Gold is well financed and has close to $9 million in credits from Quebec's Ministry of Energy and Natural Resources.

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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.

SOURCE Monarques Gold Corp.