MQR Monarques Gold Corporation

MONARQUES RESOURCES INC. ("Monarques" or the "Corporation") (TSX VENTURE:MQR) is
pleased to announce it will retain the services of Bay Capital Markets Inc. for
the purposes of providing financial public relations services pertaining to the
activities of the Corporation. In carrying out its mandate, Bay Capital Markets
Inc. will establish a closer and more constant relationship between the
Corporation and the financial community as well as from news media, the whole
subject to the terms and conditions of an agreement to be entered into between
Monarques and Bay Capital Markets Inc (the "Agreement").


The Agreement has a term of twelve months from the date of its signature with
renewal terms of six to twelve months.


In consideration for its services, Bay Capital Markets Inc. will receive a
monthly service fee of $6,000. Bay Capital Markets Inc. is also entitled to the
reimbursement of certain fees and expenses in connection with the services
provided to Monarques.


Upon signature of the Agreement, an option will be granted to Bay Capital
Markets Inc. (the "Option") to purchase up to a maximum of 250,000 common shares
of Monarques (the "Option Shares") at a price of $0.40 per common share for a
period of two years following the date of grant or for 30 days following the
termination of the Agreement. The Option may not be exercised during the three
months following the date of grant. Thereafter, the Option may be exercised, in
whole or in part, in respect of one-fourth of the Option Shares for each
subsequent quarter.


The Agreement, the payment of the service fee and the grant of the Option are
subject to the approval of the TSX Venture Exchange.


Mr. Bosko Djurovic is the President, the sole director and the main shareholder
of Bay Capital Markets Inc. He will be the person who will provide services to
the Corporation. The registered office of Bay Capital Markets Inc. is located at
1200 McGill College, suite 110, Montreal, Quebec.


There is no prior relationship between Bay Capital Markets Inc. and Monarques,
nor is there any direct or indirect interest in Monarques or its securities or
any right or intent to acquire such an interest on the part of Bay Capital
Markets Inc., except for the aforementioned Option.


ABOUT MONARQUES RESOURCES INC.

Monarques Resources Inc. (TSX VENTURE:MQR) is a mineral exploration company that
is exploring for base metals, platinum group element (PGE) and precious metals
on its 100% owned properties in the Lower James Bay Region of Quebec. These
properties are entirely underlain by the Lac des Montagnes polymetallic
greenstone belt formation, which hosts multiple showings and drill ready targets
in addition to the Nisk-1 deposit. Monarques mineral assets are comprised of
1,233 map designated claims divided in 10 properties known as Arques, Amiral,
Bourier, Caumont, Dumulon, Duval, Lemare, Nisk, Rosebay and Valiquette. The most
advanced asset is the Nisk-1 deposit (nickel, copper, PGE) located on the Nisk
property which contains a NI 43-101 compliant resource estimate prepared by
Pierre Trudel, PH.D. Eng., of RSW Inc. and dated December 19, 2009. 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
Exploration inc. (TSX VENTURE:NMX)(OTCQX:NMKEF), an advanced lithium exploration
and development company is a major shareholder of Monarques.


The statements herein that are not historical facts are statements address
future events and conditions and so involve Actual results could differ from
those currently projected. obligation to update any forward-looking statement.

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