OTTAWA, ONTARIO, February 28, 2014 – Avivagen Inc. (TSXV:VIV), a wellness company developing and delivering products that support and enhance the health and quality of life for animals and the people who care for them, announces the nomination of a new Director, Mr. G.F. Kym Anthony, and the retirement of its current Chairman, Mr. Jacques Brault.

Mr. G.F. Kym (Kym) Anthony has considerable experience in life sciences, agriculture, capital markets and corporate governance. He is currently independent Chairman of the Board of Prometic Life Sciences Inc. (PLI – TSX), Board Vice-Chairman of COM DEV International (CDV – TSX), Executive Chairman of Hybrid Partners and a Proprietor of Top Meadow Farms. Previously, Mr. Anthony has served as President or CEO of several major Canadian investment dealers, Chairman of the Investment Dealer’s Association of Canada (IDA) and Executive Chairman of Broadacre Agriculture.

Should his nomination be confirmed by Avivagen’s shareholders at the upcoming annual general meeting to be held on April 4, 2014, Mr. Anthony has also agreed to serve as independent Chairman of the Board and he has the support of Avivagen’s other Directors for that position. Should he be elected to the board, Mr. Anthony has indicated that it is his intention to make a direct investment in the Company of $100,000. The terms of this proposed private placement are expected to be the same as Avivagen’s November, 2013 financing: a sale of units priced at $0.07, with each unit being comprised of one common share and one-half of a common share purchase warrant. Each whole warrant will entitle the holder to acquire one common share of Avivagen at an additional purchase price of $0.12 for three years from closing. Avivagen’s CEO, Cameron Groome, CFO, Chris Boland, Director of Product Development and Quality Assurance, Janusz Daroszewski, and retiring Chairman, Jacques Brault, also propose to make further investments on these terms: in amounts of $17,500, $17,500, $17,500 and $20,000 respectively.

Kym Anthony spoke about his decision to join the Avivagen Board, “Raising livestock and improving the standards of their care have been two of my longtime passions. The combination of the business opportunities in the livestock field being joined to strong technologies and management make Avivagen an exciting growth company. I look forward to working with the Board and management to help realize the Company’s full potential.”

Jacques Brault remarked on his decision to not stand for re-election. “There comes a time when you decide to retire and wind down your business activities. I am therefore not standing for re-election to the Avivagen Board. In departing, I am proud of Avivagen’s progress towards profitability and that we have attracted such a qualified candidate to serve as the new independent Chairman of the Board.”

Cameron Groome, C.E.O. and President of Avivagen also commented “We are very pleased to have a person with Kym’s experience and abilities agree to join our Board. Once our shareholders have spoken, I welcome the opportunity to work closely with Kym and our other Directors to perfect our strategies and implement them effectively. I also want to thank Jacques Brault for his many contributions to our Company and wish him a very happy retirement.”

Mr. Anthony’s election to the Avivagen board of directors remains subject to shareholder and TSX Venture Exchange approvals. The proposed private placement of units remains subject to TSX Venture Exchange approval.

About Avivagen Inc.

Avivagen Inc. is a publicly-listed life sciences company trading on the TSX Venture Exchange under the ticker symbol “VIV”. The Company’s goal is to develop and deliver scientifically-proven solutions that can truly benefit companion and production animals by employing natural mechanisms for maintaining good health. Avivagen’s targeted markets include Livestock Productivity and Pet Wellness.

The company has sites located in partnership facilities of the National Research Council of Canada (NRC) – in Ottawa, Ontario and Charlottetown, Prince Edward Island. More information can be found at www.avivagen.com.

About OxC-beta

Avivagen’s proprietary and patent-protected technology is based on its discoveries concerning carotenoid antioxidants. The novel natural compounds discovered by Avivagen support the body’s own systems to maintain and enhance health, particularly by supporting immune function. Avivagen’s commercial-stage application of its technology is Fully-Oxidized beta-Carotene (OxC-beta). OxC-beta compounds occur naturally as carotenoid oxidation products in vegetation, but in minute amounts. They have been developed to support the health of companion animals and for use in the global food animal market.

Research results indicate OxC-beta supports innate immune function, which can help maintain good health. In pets, OxC-beta supports overall vitality and energy, mobility and joint function, skin, coat and gut. Results observed in food animals have included healthier growth, better utilization of feed and decreased mortality. In food animals, it is intended that use of OxC-beta avoids the feeding of antibiotics.

The commercial products of Avivagen are OxC-beta for livestock, Vivamune(TM) Health Chews and Oximunol(TM) Chewables.

About OxC-beta for Livestock

OxC-beta for Livestock is available as a 10% pre-mix sold in 1.0 or 5.0 Kg quantities for parts-per-million addition to animal feeds, in accordance with producer-developed protocols. In past studies, OxC-beta has been shown to support health and growth in species such as fish, chicken, pigs and cattle. OxC-beta for livestock is currently available for commercial sale in the Kingdom of Thailand.

About Vivamune(TM) Health Chews – For dogs and cats

Vivamune(TM) Health Chews, containing Avivagen’s proprietary active ingredients, are scientifically-formulated chews for dogs and cats. Vivamune(TM) Health Chews work with a pet’s own immune system to maintain overall health and well-being. They are sold in re-sealable packages of 30 chews and are currently available in the United States by ordering on-line at www.vivamunehealth.com.

About Oximunol(TM) Chewables – For dogs

Oximunol(TM) Chewables are scientifically-formulated chewable tablets that contain Avivagen’s proprietary, patented active ingredient OxC-beta. OxC-beta has been shown to stimulate innate cellular immunity and may thereby help to maintain overall health and well-being. Oximunol(TM) Chewables are distributed by Bayer Healthcare LLC and are available through veterinarians for dogs of all ages in the United States.

Forward Looking Statements

This news release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with the business of Avivagen Inc. and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking, including those identified by the expressions “will”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, and similar expressions. The forward-looking statements reflect the current expectations of Avivagen Inc. regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Avivagen assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements.

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.

Yorbeau optionee drills 5.4 m of 13 g/t Au at Rouyn

Yorbeau Resources Inc (C:YRB)
Shares Issued 179,940,762
Last Close YRB.A 2/27/2014 $0.175
Friday February 28 2014 – News Release

Mr. David Crevier reports

YORBEAU PROVIDES UPDATE ON GOLD FIELDS’ 2013 DRILLING PROGRAM

Yorbeau Resources Inc. is providing an update on the results of the diamond drilling program carried out in 2013 by Gold Fields Sudbury Exploration Corp. on the company’s Rouyn property.

The 2013 program represented the first phase of a $4M exploration commitment made by Gold Fields pursuant to the option and joint venture agreement entered into between Gold Fields and the Company. The 2014 exploration program which is currently under way is budgeted at $2.2M and will consist of approximately 14,000 metres, mostly targeting either the extension at depth of known gold mineralization or potential new zones in the eastern half of the property.The 2013 drilling program totalled 7,808 metres in 26 drill holes located in the Cinderella, Augmitto and Gamble Lake blocks (click here to see the location map). The objective at Cinderella was to check for possible expansion of the known mineralization at depths shallower than 400 metres. Most of the drilling involved stepping out from existing zones. At Augmitto, the objectives were to confirm near surface mineralization below historical exploration trenches and test the potential effect of using different drilling orientations. Finally, at Gamble Lake, the objective was to confirm mineralization in a new sector developing at depth in the west boundary of the Gamble Lake zone.

PROGRAM HIGHLIGHTS

Highlights of the 2013 program are shown below:

– Hole CI-13-616: 6.6 g/t Au over 9.0 metres (in the Footwall Zone) – including 27.1 g/t Au over 1.0 metres – Hole CI-13-620: 13.0 g/t Au over 5.4 metres – including 42.4 g/t Au over 1.0 metres – Hole AUG-13-625: 11.4 g/t Au over 5.3 metres – including 16.6 g/t Au over 3.0 metres – Hole AUG-13-627: 7.9 g/t Au over 7.0 metres – Hole GA-13-628: 6.0 g/t Au over 11.3 metres at depth at Lac Gamble Zone – including 30.4 g/t Au over 1.0 metres

Cinderella AreaA series of 18 holes totalling 5,350 metres was drilled to explore the top 400 metres of the Cinderella Zone, including 7 holes (1,633 m) testing near surface mineralization in the eastern portion of Cinderella. All holes intersected the favourable carbonatized Piche ultramafics, many of which containing visible gold. Significant assay results are shown below:

—————————————————————————-
Hole Core length
from to Au (g/t) (m) Remarks
—————————————————————————-
CI-13-603 132.8 133.9 1.5 1.1 Piche
—————————————————————————-

—————————————————————————-
CI-13-604 348.9 355.0 1.2 6.1 Piche
————————————————————–
368.4 370.7 1.8 2.3 Piche
————————————————————–
472.4 479.9 0.9 7.4 Footwall
—————————————————————————-

—————————————————————————-
CI-13-605 203.3 207.5 1.4 4.2 Piche
—————————————————————————-

—————————————————————————-
CI-13-606 211.0 213.3 1.4 2.3 Piche
————————————————————–
330.0 332.0 1.0 2.0 Footwall
————————————————————–
336.0 337.3 1.3 1.3 Footwall
—————————————————————————-

—————————————————————————-
CI-13-607 No significant values
—————————————————————————-

—————————————————————————-
CI-13-608 104.4 106.7 0.6 2.3 Piche
————————————————————–
215.0 216.0 1.3 1.0 Footwall
—————————————————————————-

—————————————————————————-
CI-13-609 266.0 267.0 1.6 1.0 Piche
————————————————————–
358.2 368.2 1.6 10.0 Footwall Zone VG
—————————————————————————-

—————————————————————————-
CI-13-610 310.4 314.0 3.9 3.6 Footwall Zone VG
—————————————————————————-

—————————————————————————-
CI-13-611 258.1 270.4 1.0 12.3 Piche, VG+
—————————————————————————-

—————————————————————————-
CI-13-612 Abandoned due to deviation
—————————————————————————-

—————————————————————————-
CI-13-613 267.1 271.1 1.8 4.0 Piche
————————————————————–
308.0 311.0 1.2 3.0 Piche, VG
————————————————————–
335.0 336.0 3.3 1.0 Piche, VG
—————————————————————————-
Although true width of the mineralized zones cannot be established with
accuracy given the large spacing between holes, it is estimated that it may
represent about 70% of core length.
While anomalous values were obtained around the previously known mineralized zones at Cinderella, the drilling did not lead to an expansion of the zones. However, the drilling to test near surface mineralization in the eastern portion of Cinderella returned several high grade assays in the vicinity of historical holes 05-S-390 et 05-S-397 which had returned respectively 24.1 g/t Au over 1.5 m and 1.9 g/t Au over 7.1 m. Significant results of the 2013 drilling are shown below.Cinderella East Results

—————————————————————————-
Hole Core length
from to Au (g/t) (m) Remarks
—————————————————————————-
CI-13-614 48.9 50.0 6.6 1.2 Piche, VG
————————————————————–
75.0 76.0 12.3 1.0 Piche, VG
————————————————————–
121.8 122.8 1.1 1.0 Footwall Zone
—————————————————————————-

—————————————————————————-
CI-13-615 22.0 26.7 0.6 4.7 Hanging wall
————————————————————–
53.0 57.0 1.1 4.0 Piche, VG
————————————————————–
150.0 151.0 1.0 1.0 Footwall
—————————————————————————-

—————————————————————————-
CI-13-616 341.0 342.0 0.8 1.0 Piche
————————————————————–
423.0 432.0 6.6 9.0 Footwal Zone, VG+++
————————————————————–
including
————————————————————–
424.0 425.0 27.1 1.0
————————————————————–
428.0 429.0 15.0 1.0
—————————————————————————-

—————————————————————————-
CI-13-617 97.0 99.0 0.5 2.0 Piche
————————————————————–
171.0 172.0 1.4 1.0 Footwall Zone VG
—————————————————————————-

—————————————————————————-
CI-13-618 213.0 216.0 2.0 3.0 Footwall Zone
—————————————————————————-

—————————————————————————-
CI-13-619 190.5 193.5 0.6 3.0 Footwall Zone VG
————————————————————–
206.5 212.0 2.4 5.5 Footwall Zone VG
————————————————————–
including
————————————————————–
207.5 208.5 7.9 1.0
—————————————————————————-

—————————————————————————-
CI-13-620 61.0 74.0 13.0 5.4 Piche VG+
————————————————————–
including
————————————————————–
65.4 66.4 42.4 1.0
————————————————————–
74.0 75.0 21.1 1.0
————————————————————–
123.9 124.9 1.4 1.0 Footwall Zone
—————————————————————————-
Although true width of the mineralized zones cannot be established with
accuracy given the large spacing between holes, it is estimated that it may
represent about 70% of core length.
Lac Gamble

At Gamble Lake the objective was to confirm mineralization in a new sector developing at depth near the west boundary of the Gamble Lake zone. This new interesting sector, discovered by Yorbeau with hole 12-GA-593 drilled in late 2012, had intersected 3.7 g/t Au over a core length of 15 metres (press release of December 6, 2012). In 2013, 3 holes totaling 1,168 metres were drilled to follow up on this while hole GA-13-621 (387 m) was drilled in a wide gap between the Cinderella and Gamble Lake zones. Hole GA-13-622 had to be abandoned for excessive deviation. Significant assay results are shown below.

—————————————————————————-
Hole Core length
from to Au (g/t) (m) Remarks
—————————————————————————-
GA-13-621 Piche, west of
287.4 290.4 1.5 3.0 Gamble Lake zone
————————————————————–
353.0 354.0 0.5 1.0 Footwall Zone, VG
—————————————————————————-

—————————————————————————-
GA-13-622 Abandoned due to deviation
—————————————————————————-

—————————————————————————-

—————————————————————————-
GA-13-623 491.0 500.0 0.5 9.0 Piche, VG
—————————————————————————-

—————————————————————————-
GA-13-628 495.7 507.0 6.0 11.3 Piche, VG++++
————————————————————–
including
————————————————————–
497.8 498.8 30.4 1.0
————————————————————–
503.0 504.0 22.6 1.0
—————————————————————————-
Although true width of the mineralized zones cannot be established with
accuracy given the large spacing between holes, it is estimated that it may
represent about 70% of core length.
Results obtained in hole GA-13-628 are considered most encouraging as they support the hypothesis that the Gamble Lake zone remains open to the west at depth. Further drilling by Gold Fields is planned in this sector (press release of January 30, 2014).Augmitto During the summer 2013, historical trench #4 was cleaned up and extended to the east in order to observe the Augmitto mineralized zone in the vicinity of drill hole 07-S-442 which had returned a grade of 11.3 g/t Au over a core length of 8.5 m. After detailed mapping of the gold bearing veins and structures at surface, a drill program was carried out with the objectives of confirming near surface mineralization below historical exploration trenches and also to test the potential effect of using different drilling orientations. Significant assay results are shown below.

——————————————————
Hole from to Au (g/t)Core length (m) Remarks
——————————————————
AUG-13-624 49.0 57.0 2.7 8.0 Piche, VG++
——————————————–
69.3 78.0 1.7 8.7 Piche
——————————————————

——————————————————
AUG-13-625 55.7 67.1 11.4 5.3 Piche, VG++
——————————————–
including
——————————————–
57.0 58.0 9.2 1.0
——————————————–
58.0 59.0 13.3 1.0
——————————————–
59.0 60.0 27.2 1.0
——————————————–
85.2 93.2 1.1 7.0 Piche
——————————————————

——————————————————
AUG-13-626 92.0 94.0 1.4 2.0 Piche
——————————————–
105.0126.0 2.1 21.0 Piche,VG
——————————————–
including
——————————————–
112.0116.0 4.1 4.0
——————————————–
120.0122.0 6.9 2.0
——————————————————

——————————————————
AUG-13-627 9.8 21.3 2.9 11.5 Piche
——————————————–
32.0 39.0 7.9 7.0 Piche, VG++
——————————————–
including
——————————————–
35.0 36.0 16.1 1.0
——————————————–
37.0 38.0 18.4 1.0
——————————————————
During mapping of the trench and detailed core logging, it appeared that two main sets of quartz veins stand out by their abundance of visible gold and the majority of the high grade assays in the above drilling are associated with these two sets. Because of the various drilling orientations designed to better intersect specific vein orientations, the true widths of the above mineralized envelopes may range widely between 25 and 45 % of the measured core lengths. In general, the 2013 drilling below the Augmitto trenches confirmed the previous assay results. With respect to the potential effect of using different drilling orientations, the results are still being evaluated. However, at this time it does not seem warranted to modify the drilling strategy while testing the mineralized envelopes within the Piche formation.

“We are pleased with the drilling results obtained in 2013 and in particular with Gold Fields’ strategy focused on diamond drilling. Yorbeau’s Rouyn property encloses an impressive number of gold intersections over a very large area and, consequently, a very significant amount of drilling remains to be done in order to unlock the full value of the Rouyn property. Yorbeau’s association with Gold Fields is a major step in realizing the required drilling. We remain confident that we are working on a significant gold deposit that ultimately may have to be proved up by underground exploration” says President and CEO David Crevier.

The qualified person under National Instrument 43-101 is Laurent Halle, P.Geo., who has reviewed and approved the content of this release. Samples are analyzed at ALS Chemex Laboratories in Val d’Or, Quebec and the sampling and assaying program is subjected to Gold Fields’ extensive QA/QC program that includes inserting blanks and gold standards in batch samples being sent to the assay laboratory. Samples that contain visible gold are subjected to a strict sampling and assay protocol designed specifically to deal with coarse particle gold. Gold Fields Sudbury is a wholly-owned subsidiary of Gold Fields Limited, an unhedged, globally diversified producer of gold with eight operating mines in Australia, Ghana, Peru and South Africa. In February 2013 Gold Fields unbundled its KDC and Beatrix mines in South Africa into an independent and separately listed company, Sibanye Gold. In October 2013 Gold Fields acquired Barrick Gold’s Granny Smith, Lawlers and Darlot Gold Mines in Western Australia. Gold Fields subsequently has attributable annual production of approximately 2.2 million ounces of gold, managed gold Mineral Reserves of approximately 59 million ounces and managed gold Mineral Resources of approximately 137 million ounces. Gold Fields has a primary listing on the JSE Limited, with secondary listings on the New York Stock Exchange (NYSE), NASDAQ Dubai Limited, Euronext in Brussels (NYX) and the Swiss Exchange (SWX).

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd.

MONARQUES INTERCEPTS A 9.0 METER ZONE GRADING 1.27 G/T GOLD AT SIMKAR

Quebec City, Quebec, Canada, February 28, 2014 – MONARQUES RESOURCES INC. (“Monarques” or the “Corporation”) (TSX-V: MQR, FWB: MR7) is pleased to report on a third and final set of drill results for its Simkar property (the “Property”). This drill campaign allowed us to fulfill all the contractual obligations of the joint venture with Eloro resources Ltd. (“Eloro”). Monarques now holds 57% ownership in the Simkar Gold property. The Property is located in the heart of the Val-d’Or mining camp, just north of the Cadillac Break, in the Abitibi Greenstone Belt. These results are additional to those released on January 16 and February 5, 2014. (Click here for latest corporate video)

Holes SK13-03 and SK13-18 were drilled to intercept a large silicification halo associated with the “South” and “D” zones. This is the most intense alteration observed in the southern sector, and is accompanied by diffuse quartz veins and sulphides, more specifically pyrite, pyrrhotite and chalcopyrite. This zone returned multiple highly-anomalous values, such as 2.23 g/t Au over 2.5 m (including 5.49 g/t Au over 1.0 m). Holes SK13-014 to SK13-17 and SK13-019, on the other hand, were drilled on the extension of the “A” and “B” zone to test the mineralized stockwerks. These holes intersected their target, thus contributing to a better understanding of the networks of veins and veinlets within the zones. The gold system shows grades similar to grades mined previously, such as 4.21 g/t Au over 1.4 m (including 7.89g/t Au over 0.4 m) within an envelope of 1.21 g/t Au over 9.0 m and 1.27 g/t Au over 3.0 m (including 6.50 g/t Au over 0.40 m).

The following table shows the best results for holes SK13-01 to SK13-19:

Table 1 – Best results for Holes SK13-01 to SK13-19

Hole #
From
(m)
To
(m)
Length
(m)*
Grade
(g/t Au)
SK13-01
43.50
81.85
38.35
0.15
53.00
56.10
3.10
0.36
SK13-02
82.50
84.00
1.50
0.40
165.00
231.00
66.00
0.27
171.00
198.00
27.00
0.57
including
171.00
174.00
3.00
1.67
178.50
184.50
6.00
1.46
229.50
231.00
1.50
0.49
285.00
286.50
1.50
1.29
331.10
332.00
0.90
1.80
355.50
357.00
1.50
0.42
375.00
376.50
1.50
0.39
SK13-04
13.50
16.50
3.00
0.37
39.30
67.50
28.20
0.14
including
39.30
39.60
0.30
3.86
67.00
67.50
0.50
0.53
210.00
211.50
1.50
0.46
216.00
219.00
3.00
0.77
401.90
409.40
7.50
0.38
including
401.90
403.00
1.10
1.13
407.00
409.40
2.40
0.46
445.00
446.50
1.50
2.18
SK13-05
225.90
228.00
2.10
0.88
310.00
311.10
1.10
0.79
SK13-06
154.50
159.00
4.50
0.46
211.50
216.00
4.50
2.13
258.00
260.00
2.00
2.08
SK13-07
141.00
164.30
23.30
0.19
including
157.50
159.00
1.50
1.14
297.50
298.00
0.50
0.95
SK13-08
37.50
40.50
3.00
1.12
238.60
240.00
1.40
0.37
279.00
286.00
7.00
0.62
351.50
353.00
1.50
0.41
SK13-09
67.30
67.60
0.30
1.63
76.50
91.50
15.00
0.58
including
85.50
87.00
1.50
3.64
108.00
111.50
3.50
0.46
231.00
234.00
3.00
1.58
SK13-10
283.00
289.00
6.00
0.58
including
285.00
285.50
0.50
1.13
including
288.00
289.00
1.00
2.19
SK13-11
189.00
190.00
1.00
0.41
SK13-12
138.30
139.00
0.70
1.74
SK13-13
180.00
197.00
17.00
0.17
including
184.00
185.00
1.00
0.89
310.50
313.00
2.50
2.23
or
312.00
313.00
1.00
5.49
453.00
454.50
1.50
0.35
462.50
463.60
1.10
0.47
SK13-14
79.50
80.00
0.50
0.34
193.50
195.00
1.50
0.66
344.60
345.35
0.75
0.46
360.00
360.40
0.40
0.41
365.55
367.50
1.95
0.35
372.00
381.00
9.00
1.21
including
379.40
381.00
1.60
4.21
including
379.40
379.80
0.40
7.89
SK13-15
88.50
92.55
4.05
0.23
SK13-16
526.50
529.50
3.00
1.27
including
527.90
528.30
0.40
6.50
SK13-17
123.00
124.20
1.20
1.81
242.15
242.50
0.35
1.83
257.00
258.40
1.40
0.59
433.50
435.00
1.50
1.52
SK13-18
17.00
20.00
3.00
0.51
including
18.00
18.65
0.65
1.66
90.50
93.50
3.00
0.38
97.90
99.00
1.10
0.58
123.00
124.50
1.50
0.37
174.50
176.00
1.50
0.39
248.70
249.00
0.30
0.33
301.50
303.50
2.00
0.47
SK13-19
42.00
46.00
4.00
0.64
147.50
149.40
1.90
0.34
402.70
405.70
3.00
0.40
*core length; not necessarily the same as the true width

“We are very pleased with the progress made on our Simkar project in the fall of 2013” said Jean-Marc Lacoste, President and CEO of Monarques. “In a matter of months, since the acquisition, we managed to demonstrate new potential on the project by identifying large, near-surface mineralized zones and by confirming the presence of silver. This opens up new exploration possibilities that need to be assessed now that we have received all the data.”

Monarques is now expecting results for silver re-assays following the successful initial trial results disclosed on February 5, 2014. Meanwhile, the Corporation is evaluating and prioritizing the different targets following the 2013 drilling program in preparation for future work. This evaluation program also encompasses the Tex-Sol Property that is adjacent and in which Monarques holds a 100% interest. The Tex-Sol Property had historically shown potential for large, near-surface mineralised zones akin to the ones intercepted in holes SK13-01, SK13-02 and SK13-04 (see January 16, 2014 news release).

The 2013 drilling program consisted of 19 holes totalling 8,055 metres. The program was primarily aimed at extending the gold-bearing horizons previously identified as the “A”, “B”, “C”, “D”, “East” and “South” zones, with the goal of confirming their projected horizontal and vertical extension. A secondary goal was to develop and test new models of these same structures.

The 2013 exploration program was planned and supervised by MRB & Associates of Val-d’Or, QC, who designed the drilling program, supervised the work and logged and sampled the core on Monarques’ behalf. Sampling entailed sawing the core into two equal halves along its main axis and shipping one of the halves to Techni-Lab S.G.B. Abitibi Inc. in Val-d’Or for assaying. The samples were crushed, pulverized and assayed by fire assay with atomic absorption finish. Results exceeding 5.0 g/t were re-assayed using the gravity method. MRB & Associates established a full QA/QC protocol, including the insertion of standards, blanks and duplicates.

Antoine Fournier, P.Geo., exploration manager and the qualified person under National Instrument 43-101, has reviewed the technical and scientific content of this release.

PDAC 2014

Please join us during the upcoming PDAC 2014 International Convention in Toronto, Ontario. Monarques’ management will be pleased to meet with you and introduce you to our Simkar projet at the Coreshack # 5028A (Sunday & Monday, March 2-3, 2014).

ABOUT MONARQUES

Monarques Resources Inc. (TSX-V: MQR) is a junior gold exploration company dedicated to excellence and committed to a program of socially- and environmentally-responsible development. The Corporation is currently focusing its efforts on the acquisition and development of gold projects along the Cadillac Break, in the Val-d’Or area. On October 31, 2013, Monarques had over 100 km² of property holdings in Val-d’Or consisting of 399 claims and two mining concessions, and over $1.72 million in credits from the Ministère des Ressources Naturelles (MRN).

COMMUNIQUÉ DE PRESSE
MQR.V

MONARQUES RECOUPE UNE ZONE DE 9 MÈTRES TITRANT 1,27 G/T D’OR SUR SIMKAR.

Québec (Québec) Canada, le 28 février 2014 – RESSOURCES MONARQUES INC. (« Monarques » ou la « Société ») (TSX‑V : MQR; FWB : MR7) est heureuse d’annoncer une troisième et dernière série de résultats provenant de sa campagne de forage sur la propriété Simkar (la « Propriété »). Cette campagne nous aura permis de remplir toutes les conditions de notre entente en coparticipation avec Eloro Resources LTD. (« Eloro ») et Monarques détient maintenant 57% de la propriété Simkar gold. Cette Propriété est située dans le cœur du camp minier de Val-d’Or, tout juste au nord de la faille Cadillac et fait partie de la ceinture de roches vertes abitibienne. Ces résultats font suite à ceux annoncés précédemment le 16 janvier et le 5 février 2014. (cliquer ici pour visionner la vidéo corporative)

Les trous SK13-13 et SK13-18 ont été implantés afin de recouper un important halo de silicification en association aux zones « South » et « D ». Cette altération est la plus intense observée dans le secteur sud et se retrouve accompagnée de veines de quartz diffuses et de sulfures, notamment de la pyrite, pyrrhotine et chalcopyrite. Plusieurs valeurs fortement anomales ont été obtenues dans cette zone dont 2,23 g/t Au sur 2,5 m (incluant 5,49 g/t Au sur 1,0 m). Par ailleurs, les trous SK13-14 à SK13-17 ainsi que le SK13-19 ciblaient le prolongement des stockwerks minéralisés des zones « A » et « B ». Ces trous ont tous recoupé leurs cibles ce qui a permis de mieux comprendre les systèmes de veines et veinules au sein des zones. Le système aurifère montre des teneurs conforment à celles qui ont été minées antérieurement tel 4,21 g/t Au sur 1,4 m (incluant 7,89 g/t Au sur 0,40 m) dans une enveloppe de 1,21 g/t Au sur 9,0 m et 1,27 g/t Au sur 3,0 m (incluant 6,50 g/t Au sur 0,40 m)

Le tableau suivant comprend l’ensemble des résultats significatifs des trous SK13-01 à SK13-19 :

Tableau 1 – Meilleurs résultats des trous SK13-01 à SK13-19

Trou #
De
(m)
À
(m)
Longueur
(m)
Teneur
(Au g/t)
SK13-01
43,50
81,85
38,35
0,15
53,00
56,10
3,10
0,36
SK13-02
82,50
84,00
1,50
0,40
165,00
231,00
66,00
0,27
171,00
198,00
27,00
0,57
Incl.
171,00
174,00
3,00
1,67
178,50
184,50
6,00
1,46
229,50
231,00
1,50
0,49
285,00
286,50
1,50
1,29
331,10
332,00
0,90
1,80
355,50
357,00
1,50
0,42
375,00
376,50
1,50
0,39
SK13-04
13,50
16,50
3,00
0,37
39,30
67,50
28,20
0,14
incluant
39,30
39,60
0,30
3,86
67,00
67,50
0,50
0,53
210,00
211,50
1,50
0,46
216,00
219,00
3,00
0,77
401,90
409,40
7,50
0,38
incluant
401,90
403,00
1,10
1,13
407,00
409,40
2,40
0,46
445,00
446,50
1,50
2,18
SK13-05
225,90
228,00
2,10
0,88
310,00
311,10
1,10
0,79
SK13-06
154,50
159,00
4,50
0,46
211,50
216,00
4,50
2,13
258,00
260,00
2,00
2,08
SK13-07
141,00
164,30
23,30
0,19
incluant
157,50
159,00
1,50
1,14
297,50
298,00
0,50
0,95
SK13-08
37,50
40,50
3,00
1,12
238,60
240,00
1,40
0,37
279,00
286,00
7,00
0,62
351,50
353,00
1,50
0,41
SK13-09
67,30
67,60
0,30
1,63
76,50
91,50
15,00
0,58
incluant
85,50
87,00
1,50
3,64
108,00
111,50
3,50
0,46
231,00
234,00
3,00
1,58
SK13-10
283,00
289,00
6,00
0,58
incluant
285,00
285,50
0,50
1,13
incluant
288,00
289,00
1,00
2,19
SK13-11
189,00
190,00
1,00
0,41
SK13-12
138,30
139,00
0,70
1,74
SK13-13
180,00
197,00
17,00
0,17
incluant
184,00
185,00
1,00
0,89
310,50
313,00
2,50
2,23
ou
312,00
313,00
1,00
5,49
453,00
454,50
1,50
0,35
462,50
463,60
1,10
0,47
SK13-14
79,50
80,00
0,50
0,34
193,50
195,00
1,50
0,66
344,60
345,35
0,75
0,46
360,00
360,40
0,40
0,41
365,55
367,50
1,95
0,35
372,00
381,00
9,00
1,21
incluant
379,40
381,00
1,60
4,21
incluant
379,40
379,80
0,40
7,89
SK13-15
88,50
92,55
4,05
0,23
SK13-16
526,50
529,50
3,00
1,27
incluant
527,90
528,30
0,40
6,50
SK13-17
123,00
124,20
1,20
1,81
242,15
242,50
0,35
1,83
257,00
258,40
1,40
0,59
433,50
435,00
1,50
1,52
SK13-18
17,00
20,00
3,00
0,51
incluant
18,00
18,65
0,65
1,66
90,50
93,50
3,00
0,38
97,90
99,00
1,10
0,58
123,00
124,50
1,50
0,37
174,50
176,00
1,50
0,39
248,70
249,00
0,30
0,33
301,50
303,50
2,00
0,47
SK13-19
42,00
46,00
4,00
0,64
147,50
149,40
1,90
0,34
402,70
405,70
3,00
0,40
*mesuré le long de l’axe de la carotte et ne représente pas nécessairement l’épaisseur vraie

Jean-Marc Lacoste, président et chef de la direction de Monarques «Nous somme fort heureux des progrès accomplis sur notre projet Simkar au cours de l’automne 2013. En quelques mois seulement, depuis l’acquisition, nous avons réussi à illustrer un nouveau potentiel avec la découverte de grandes zones minéralisées à proximité de la surface et en établissant la présence d’argent. Ceci laisse entrevoir de nouvelles perspectives d’exploration qui doivent être évaluées maintenant que nous avons toutes les données en main. »

Monarques est toujours en attente d’une série de ré-analyses pour l’argent qu’elle a entreprises suite aux premières validations annoncées le 5 février 2014. Par ailleurs, la Société travaille présentement à évaluer et prioriser les différentes cibles du projet suite à cette première campagne de forage en vue de travaux à venir. Cette évaluation englobe aussi la propriété Tex-Sol qui est adjacente à Simkar et sur laquelle elle détient un intérêt de 100 %. Le projet Tex-Sol avait historiquement démontré un potentiel pour des zones minéralisées plus près de la surface et qui pourraient s’apparenter aux horizons plus larges et à basse teneur obtenus dans les trous SK13-01, SK13-02 et SK13-04 (communiqué du 16 janvier 2014).

Le programme de forage de 2013 comportait 19 trous pour 8055 mètres de forage et visait principalement le prolongement des horizons aurifères définis antérieurement sur les zones « A », « B », « C », « D », « East » et « South » avec pour objectif de confirmer le prolongement en profondeur et latéralement des structures minéralisées. Dans un second temps, la campagne visait à élaborer et vérifier de nouvelles hypothèses en lien avec ces mêmes structures aurifères.

Les travaux d’exploration de 2013 ont été effectués par MRB & Associées de Val-d’Or, QC, qui avait la responsabilité en accord avec Monarques d’effectuer la planification et le suivi des sondages, de procéder aux travaux de description et à l’échantillonnage des carottes. L’échantillonnage consistait à prélever une moitié de carotte préalablement sciée selon l’axe principal et l’expédier pour analyse au laboratoire de TechniLab situé à Val-d’Or. L’échantillon a été concassé, pulvérisé et analysé par pyroanalyse avec dosage par absorption atomique. Les résultats excédant 5,0 g/t ont été repris en gravimétrie. MRB & associés a établi un protocole AQ/CQ complet incluant l’insertion de standards, de blancs analytiques et de duplicata.

Les informations techniques et scientifiques dans le présent communiqué ont été revues par Antoine Fournier, Géologue et directeur de l’exploration, qui a agi à titre de personne qualifiée en conformité avec la norme canadienne 43-101.

PDAC 2014

Vous êtes cordialement invités à venir rencontrer l’équipe de Monarques et découvrir le potentiel du projet Simkar au Congrès international PDAC 2014, dans le cadre du Coreshack #5028A (dimanche et lundi 2-3 mars prochain).

À PROPOS DE MONARQUES

Ressources Monarques Inc. (TSX-V: MQR) est une Société minière d’exploration aurifère, dédiée à l’excellence et engagée dans un plan de développement qui est socialement et écologiquement responsable. La Société concentre actuellement ses efforts à l’acquisition et au développement de projets aurifères situés le long de la faille Cadillac, dans le secteur de Val-d’Or. Au 31 octobre 2013, Monarques possède plus de 100 km² de propriétés à Val-d’Or, totalisant 399 claims, 2 concessions minières et plus de 1,72 M$ en crédits du Ministère des Ressources Naturelles (MRN).

Being a perimeter of the prolific Abitibi Gold Belt has made Val d’Or, Quebec a hotbed of mining activity for about a century. After all, the Abitibi Gold Belt is part of the prolific Abitibi Greenstone Belt that has been the home to more than 100 mines producing in excess of 170 million ounces of gold. Greenstone belts are known to host economical deposits of gold (and other minerals) and Abitibi is one of the largest greenstone belts in the world.

The name Val d’Or itself, which is French for “Valley of Gold,” is about enough to send miners by the dozens to the region. It’s not just a playground for majors, several junior miners are showcasing the gold in their property, including Metanor Resources (TSX-Venture:MTO) announcing last week that it had a record gold pour of 1,079 ounces in the prior week from its Bachelor Mine in Val d’Or.

Monarques Resources Inc. (TSX-Venture:MQR) has aggressively built quite a large land position in Val d’Or. The list of acquisitions this year has been extensive, but most recently, in September, the Quebec City-based company acquired a 50% interest in the Simkar gold property from Eloro Resources. Subsequent to the acquisition, the two companies formed a joint venture to manage and explore the 4-km² property in the heart of the Abitibi Greenstone Belt.

There is no commercial production on the property currently, but Louvicourt Goldfield produced about 31,915 ounces of gold (avg. grade of 4.62 g/t) in the 1940’s and 20,000 ounces of gold (avg. grade of 8.42 g/t) between 1987 and 1993 from three main zones. Additional exploration by Megastar Resources identified three more gold-bearing zones and a new high-potential gold structure. As part of its acquisition, Monarques is conducting $750,000 in exploration work by June 2014.

That is just one of the properties in the Monarques portfolio in Val d’Or. Cumulatively, Monarques owns properties that cover more than 100 km² in Val-d’Or, comprising a total of 399 claims, two mining leases and over $1.76 million in credits from the Ministry of Natural Resources.

On Tuesday, the company said that it is expanding its footprint through the signing of a purchase agreement with Critical Elements Corp. to acquire an undivided 50% interest in the Croinor property in the Val d’Or area. Today’s move is part of a bigger plan to gain total control of the property. In October, Monarques signed an agreement to acquire X-Ore Resources Inc., which owns the other 50 percent of the Croinor property as part of a joint venture with Critical Elements. X-Ore is the operator at Croinor, a 55-km² property comprised of 212 mining claims that has accumulated over $7.5 million in work credits with the Ministry of Natural Resources.

As part of the acquisition from Critical Elements, Monarques is transferring ownership of 11 mining properties in the James Bay area and giving Critical Elements 500,000 common shares of MQR. The divesture of the James Bay assets concentrates Monarques’ properties exclusively in and around Val d’Or.

“It was time for innovation and I believe that this transaction was necessary in the current market. With this transfer of properties, we have shifted assets on which no work was planned in the mid-range term, to assets (Croinor) that consolidates and strengthens our position in Val d’Or,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarques, in a statement today.

Although more cash will certainly be needed, the company has also recently raised a gross amount of $252,000 for exploration efforts. Shares of MQR are lower by half a cent at 10.5 cents in early afternoon trading activity on Monday on negligible volume of 700 shares. Like so many other miners, shares are down sharply in 2013, losing about half their value, although shares are up about 50% from lows in July.

December 11, 2013   There was an informational “cinq a sept” meeting at the University Club in Montreal on December 5.  Three mining companies presented their current strategies and responded to the attendees’ questions. Historically, when mining corporations’ stocks suffer through bear markets, are overlooked and oversold, it is often an ideal time to consider them.  So many, but not all, mining companies offer the potential for exceptional capital gains. In-depth research, at times like this, can be well worth it.

  The first presenter was NYSE (“PLM”) and TSX (“POM”) listed “Polymet Mining,” a copper, nickel and precious metals developmental company. The other two presenters, “Monarques Resources” and “Uragold” are Quebec based Junior mining stocks focusing on gold projects in Quebec. All three companies made fine presentations. In our opinion, they merit attention, particularly while their stocks’ prices languish at their multi-year price lows.  

   First presenter Polymet Mining is focused on commencing mining operations in the Mesabi Iron Range district in Minnesota. The project is located in the Duluth Complex, one of the world’s largest undeveloped deposits of copper, nickel and other precious metals. Polymet has a large cash position and I should note recently that officers made ten purchases of the shares over the last two months with no insider sales of the shares whatsoever.

   Most importantly, Polymet is diligently following Minnesota’s rigorous environmental compliance standards. The company has enormous reserves. Over the last three years, the stock’s price range has been from $2.61 to a low of .63 cents. Today, Polymet at $1.04 merits close attention.          

   The second presenter, Monarques Resources, symbol “MQR” is a Québec based exploration company with its projects located in the prolific Val D’or region on the Cadillac Fault. The region has a long history of gold production having produced over 175, 000,000 ounces of gold with years of further production to come. Worth noting is the fact that Monarques’ “neighbor mines” are a “who’s who” of major Canadian mining.  The company has eleven projects at present and management has acquired properties that by our analysis are extremely undervalued.

   Periods of bear market duress in metals’ stocks often create tremendous opportunities to purchase projects at astonishingly low prices which Monarques’ management has done. Monarques’ five largest shareholders own 52% of the shares with management owning 8%. Since Monarques’ creation in 2011, the stock’s price has ranged from .34 cents to .07 cents. Today the stock is selling at .11 cents. We are paying very close attention. Our site Canadianmineanalysis.com will follow Monarques very closely.

  Uragold Bay Resources (symbol “UBR”) was the third presenter and is an interesting situation. It is a junior exploration company trading on the TSX Venture Exchange with insiders owning 14% of the shares. Uragold’s business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering large gold deposits.

  The Uragold strategy is to do surface mining in an area successfully mined fifty years ago in a much more efficient fashion than was done in the past with archaic equipment by today’s standards. Yes, gold was produced successfully at this site, but indications suggest much more remains. The Company’s properties are located in the Southeastern region of Quebec. Moreover, the company properties benefit from extensive historical exploration work. Yes, a good deal of previous exploration information is available. Uragold is down from .22 cents two years ago to .04 cents. With what they have already shown, attention to Uragold is merited.  

Final Thoughts!                                                      

 Too often, major brokerage houses have overlooked stocks when they are literally “on sale.” The major brokerage houses (particularly the New York ones who needed bailouts) greatest talent seems to be in recommending stocks when they are popular, not when they are undervalued. However, the smaller brokerage houses have been good sources of low cap stock advice.  And another point, many people doing their own research can run rings around the so called expert analysts. 

Think about this: There are no guarantees in the difficult field of mining exploration, but by spreading the risk and doing the necessary due diligence, superb returns can be seen. What we have seen too often is that most investors invest in the mining stocks well after they have already moved up in price. Moreover, most investors refuse to take profits when they occur. Thank you, K.C. Grainger

After reading Lee Schafer’s “PolyMet mine report has giant hole in it” (Dec. 8) the only hole I see is in his column. “You can’t just write down your answers,” he writes, “you have to show the work.” Schafer needs to heed his own advice.

Minnesota has comprehensive financial assurance requirements in place to ensure that every company will cover its cost of closure and of postclosure reclamation. There are 30-plus pages of Minnesota Rules related to the various requirements. These rules were set up with input from all stakeholders, including environmental groups.

Keep in mind that financial assurance is just one part of the very comprehensive environmental review and permitting process our regulatory agencies have structured for companies proposing to operate in Minnesota. Financial assurance is not part of the environmental impact statement (EIS). It is part of, and required in, the permitting process.

The EIS is not a decision document. It is an impact statement. Once impacts are determined, the various water and air permits will be discussed by the Minnesota Pollution Control Agency. Once the specific permitting requirements are determined, the specific costs associated with financial assurance can be finalized.

This financial assurance determination takes place during the permit-to-mine stage of permitting. The financial assurance phase of permitting will also provide additional opportunity for the public to participate and provide input.

Our Minnesota regulations are very specific when it comes to what must be looked at for adequate financial assurance coverage. It must cover a detailed review of all costs of potential environmental exposure, and it must review and adjust this cost annually. Financial assurance must be continually in place and available to the state at all times. The financial instruments cannot be dischargeable through bankruptcy, and the state has the authority to revoke and deny a permit if a company does not comply with the requirements. Finally, no company will be released from its liability until the site is reclaimed.

Concerns about covering costs are legitimate. Creating fear through misinformation is not. Antimining groups like the ones referred to in the column have been doing just that for years, creating fear and putting out misinformation. In 2010, these same groups introduced legislation to unnecessarily change financial assurance requirements, including a section to have this issue addressed in the EIS phase of project review. At that time, the Star Tribune Editorial Board opposed the legislation, saying it “isn’t needed” (“Don’t let new law slow PolyMet,” Feb. 14, 2010).

We all want every company to cover its obligations. Fortunately for all of us taxpayers, Minnesota regulations require it.

At the appropriate time in the regulatory process, when all the homework is done, the state will write down its answer on financial assurance as it relates to the PolyMet project.

Frank Ongaro is executive director of MiningMinnesota.