Paul Benwell & Associates Hosts Next 5à7 Wednesday, September 27th, 2017

WE INVITE YOU TO ATTEND

5pm to 7pm

WEDNESDAY, September 27, 2017, Paul Benwell & Associates will host a cocktail presentation in the Penthouse Suite at 999 de Maisonneuve W. where the following companies will have the opportunity to present their story to the Montreal investment community.

BunkerBunker Hill Mining Corp. (operating as Liberty Silver Corp.) is focused on exploring and developing mineral properties located in North America. The Company is led by an experienced, management team and board of directors with significant experience managing exploration, development and mining projects. Liberty has recently reached definitive documentation to acquire the Bunker Hill Mine Complex. The signing of the definitive agreement allows for the lease and option to purchase the Bunker Hill zinc, lead and silver mine.  CSE:LSL (Recent SP: $1.79)

IAnthus_logo_1iAnthus Capital Holdings, Inc. provides investors diversified exposure to best-in-class licensed cannabis cultivators, processors and dispensaries throughout the United States. Founded by entrepreneurs with decades of experience in operations, investment banking, corporate finance, law and healthcare services, iAnthus provides a unique combination of capital and hands-on operating and management expertise. The Company harnesses these skills to support operations across five states. CSE:IAN (Recent SP: $2.69)

auxicoAuxico Resources Canada Inc. is a Canadian Company founded in 2014. The company holds a 100% interest in the Zamora Property (Mexico). The Zamora Mineral District (ZMD) is located 85 km southeast of the city of Culiacan and 9 km northeast of the village of El Espinal, from which the properties are easily accessible year round via gravel roads. The ZMD is host to over 15 historical mines and workings, which stretch along a 6 km NE-SW trending structure. Exploration work commenced at the Campanillas and La Franca mines, located along the NE-SW structure. The Campanillas portal was re-opened by removing 350 tonnes of rock and initial sampling yielded results of 15 kg/t of silver and 20 g/t of gold.

To secure your place as an attendee or for more information please contact:

Paul Benwell at paul@paulbenwell.com or 514-233-1036.

Sophy Cesar at scesar@paulbenwell.com 514-641-6897.

Please visit our page to see previous events. www.paulbenwell.com/5-a-7-events

Paul Benwell & Associates Hosts Next 5à7 Wednesday, August 30, 2017

WE INVITE YOU TO ATTEND

5pm to 7pm

WEDNESDAY, August 30, 2017, Paul Benwell & Associates will host a cocktail presentation in the Penthouse Suite at 999 de Maisonneuve W. where the following companies will have the opportunity to present their story to the Montreal investment community.

BlogoELLUS Health is a biopharmaceutical development company advancing novel therapeutics for conditions with high unmet medical need. Its pipeline of projects includes BLU-5937 for chronic cough potentially best-in-class drug for multi billion dollar chronic cough market. BELLUS maintains a balanced portfolio in several other partnered clinical-stage drug development programs. President and CEO, Roberto Bellini leads a management team with a strong record of execution. TSX:BLU (Recent SP: $.38)

6823189

Perimeter Medical Imaging develops, patents, and commercializes advanced surgical imaging tools that allow surgeons, radiologists and pathologists to better assess microscopic tissue structures during surgical procedures. Perimeter’s Optical Tissue Imaging System (OTIS™) is the only solution that provides clinicians with an ultra-high resolution image of the entire surface of an excised tissue specimen, providing accurate information in real time, and enabling better surgical decisions and outcomes.

logo

Jackpot Digital Inc. (formerly Las Vegas From Home.com Entertainment Inc.) is a leading electronic table games manufacturer and mobile gaming provider for the cruise ship industry and regulated casino industry. The Company specializes in multiplayer gaming products, including poker and casino games, which are complimented by a robust suite of backend tools for operators to efficiently control and optimize their gaming business.TSX.V: JP (Recent SP: $.05)

To secure your place as an attendee or for more information please contact:

Paul Benwell at paul@paulbenwell.com or 514-233-1036.

Sophy Cesar at scesar@paulbenwell.com 514-641-6897.

Please visit our page to see previous events. www.paulbenwell.com/5-a-7-events

Paul Benwell & Associates Hosts Next 5à7 Wednesday, June 28, 2017

WE INVITE YOU TO ATTEND

5pm to 7pm

WEDNESDAY, June 28, 2017, Paul Benwell & Associates will host a cocktail presentation in the Penthouse Suite at 999 de Maisonneuve W. where the following companies will have the opportunity to present their story to the Montreal investment community.

Liberty Silver

Liberty Silver Corp. is focused on exploring and developing mineral properties located in North America. The Company is led by an experienced, management team and board of directors with significant experience managing exploration, development and mining projects. Liberty has the right to earn a joint venture interest in the 10,020-acre Trinity Silver Project. The Trinity Silver Project, located in Pershing County, Nevada, is Liberty’s flagship project. Liberty recently announced that it has entered into the Letter of Intent to Acquire the Bunker Hill Mine Complex which is subject to due diligence and definitive documentation. CSE:LSL (Recent SP: $1.50)

Xebec

Xebec is a gas generation, purification and filtration company that develops, designs and manufactures gas purification products and technology solutions for environmentally responsible applications in industry, transportation and the public sector. On May 24th, 2017 the company reported Q1 2017 revenues of $3.3M, gross profit of $1.4M and a positive EBITDA of $0.7M. Xebec currently has more than 9,000 units deployed worldwide to over 1,500 clients.  TSX.V: XBC (Recent SP: $0.39)

RMCGroup RMC Corporation (RMC) invests in, sponsors, and is the General Partner in underappreciated income producing office properties in secondary US markets. It currently oversees approximately 9M SF, representing over $1bn in asset value, principally in the Midwest. RMC’s principals seek long-term co-investment partners, not ‘clients,’ as such, RMC only levies its charges up-front and only in the form of shares in the partnership. It does not charge ‘back end,’ ‘carry,’ or even management fees that hemorrhage returns on partners’ capital – a structure that is unique in both its low pricing and risk sharing. RMC has offices in Montreal, London & New York City. 

PreveCeutical

PreveCeutical is a health and wellness company focused on utilizing nature and science for the benefit of health conscious consumers. PreveCeutical’s lead product is the CellB9 supplement, which harnesses the effects of scorpion venom. The company is in the process of developing a pharmaceutical treatment around the venom to validate its health benefits. In addition, PreveCeutical is working on a cannabinoid delivery agent known as Sol-Gels, as well as conducting research on gene therapy treatments. PreveCeutical is currently involved in a RTO with Carrara Exploration. CSE: CAA (Recent SP: $0.22)

To secure your place as an attendee or for more information please contact

Paul Benwell at paul@paulbenwell.com or 514-233-1036.

Sophy Cesar at scesar@paulbenwell.com 514-641-6897.

Please visit our page to see previous events. www.paulbenwell.com/5-a-7-events

PREMIER EVENT THURSDAY JUNE 8th, 2017 MONTREAL GRAND PRIX WEEKEND

Logos

A great story can leave people captivated and enthralled. At Paul Benwell & Associates – we work with you to tell your story, so investors can take the next step. Our unique and multi-faceted approach combines the facts about who you are, with the potential of what you bring to the table – backed by our team’s expertise and experience.

MTL

NEW – PREMIER EVENT THURSDAY JUNE 8th, 2017 MONTREAL GRAND PRIX WEEKEND

Paul Benwell & Associates and SmallCapPower Investment Series are teaming up to host a premier event Thursday, June 8th, 2017 in Montreal, Grand Prix weekend. This premier presentation event provides a broader platform to share your company’s story to a wider range of Fund Managers, Advisors, Investors and Capital Market Professionals. In addition to presenting to a global investment community, your company will professionally filmed and be featured on SmallCapPower’s news segments. We will also provide a one-page fact sheet by Ubika Research analysts, highlighting your investment opportunity as well as an editorial article to be featured on SmallCapPower and shared with SmallCapPower’s 16,000+ subscribers, 7000+ Twitter followers, 100,000 Facebook “likes” and a dedicated small cap investing page on the Financial Post.

Next – Paul Benwell & Associates  
Penthouse Presentation events: 

Wednesday, May 31st, 2017
Wednesday, June 28th, 2017

Paul Benwell & Associates provides you an opportunity to present your company’s story to members of the professional investment community in the form of a 20-minute presentation. The audience is made up predominately of retail brokers, investment advisers, accredited investors, professional traders but may include analysts, investment bankers, and fund managers.

ABOUT US

At Paul Benwell & Associates we have been putting events such as this together for over 36 months and have hosted evenings for other institutions. We also provide cocktail events, luncheons and private meetings in Montreal, Quebec City, Ottawa and Toronto.

Contact us                                                                                         In collaboration with:Logo

Paul Benwell: [514] 233-1036
Email: paul@paulbenwell.com

Sophy Cesar:
Email: scesar@paulbenwell.com

 

Paul Benwell & Associates Hosts Next 5à7 Wednesday, March 22, 2017

WE INVITE YOU TO ATTEND

5 PM to 7 PM

This month, WEDNESDAY MARCH 22, Paul Benwell & Associates will host a cocktail presentation in the Penthouse Suite at 999 de Maisonneuve W. where the following companies will have the opportunity to present their story to the Montreal investment community.potash-ridge-logo

Potash Ridge is a near term producer of premium fertilizer with world-class development assets in Utah and Quebec. Potash Ridge is a Canadian based exploration and development company with a unique opportunity to develop a mine and processing facility to produce sulphate of potash “SOP”. SOP is a premium priced, low-chloride potash fertilizer. Potash Ridge has a highly qualified and proven management team in place with significant financial, project management and operation experience and the ability to take projects into production.

TSX: PRK (Recent SP: $0.24)


cuzLogo_web
Cruz is actively engaged in acquiring and developing Cobalt Assets globally. Cruz currently has seven cobalt projects located in Canada, one in Idaho and now one in Montana. Cruz’s four separate Ontario cobalt prospects are all located in the vicinity of the city of Cobalt making Cruz one of the largest land holders in this emerging cobalt district. The goal of the company is to make Cruz the foremost cobalt project generator and developer on the TSX Venture Exchange. Management feels that cobalt is at the early stages of a significant bull market and we are pleased to be positioning Cruz at the forefront of this cycle.

TSX.V: CUZ (Recent SP: $0.21)

Avalon logoAvalon Advanced Materials Inc. is a Canadian mineral development company specializing in niche market metals and minerals with growing demand in new technology. The Company has three advanced stage projects, all 100%-owned, providing investors with exposure to lithium, tin and indium, as well as rare earth elements, tantalum, niobium, and zirconium. Avalon is currently focusing on its Separation Rapids Lithium Project, Kenora, ON and its East Kemptville Tin-Indium Project, Yarmouth, NS. Social responsibility and environmental stewardship are corporate cornerstones.

TSX.V: AVL (Recent SP: $0.18)

 To secure your place as an attendee or for more information please contact:

Paul Benwell at paul@paulbenwell.com or 514-233-1036.

Carl McGill at carl@paulbenwell.com or 416-278-8406.

Sophy Cesar at scesar@paulbenwell.com or 514-641-6897.

 

 

Paul Benwell & Associates Hosts Next 5à7 Wednesday, February 22, 2017

WE INVITE YOU TO ATTEND

5 PM to 7 PM

This month, WEDNESDAY FEBRUARY 22, Paul Benwell & Associates will host a cocktail presentation in the Penthouse Suite at 999 de Maisonneuve W. where the following companies will have the opportunity to present their story to the Montreal investment community.

UGEUGE provides full-service energy solutions to commercial and industrial clients through a solutions-based approach. Named among the Top Solar Contractors by Solar Power World, UGE has over 280 MW of solar energy experience worldwide. They have established a successful track record of providing solutions to its clients in all stages of the solar PV project lifecycle including: consulting and project management, engineering and design, turn-key construction, and development. UGE recently pre-released 2016-Q4 numbers; revenues of approx. $3.5M and a backlog of $34.8M with unprecedented growth expected.           TSX.V: UGE 

EuroControlEurocontrol Technics Group Inc. specializes in the acquisition, development and commercialization of innovative test and measurement technologiesand applications for key growth markets – energy security/fuel marking, ED-XRF equipment, wafer inspection and metrology equipment and precision agriculture. The Company also has an agreement with SICPA S.A. of Switzerland for earn-out payments of 5% (minimum $9 million) on revenues generated from the oil and gas marking and monitoring field relating to the sale of its former subsidiary, Global Fluids International in 2016. The Company has three wholly-owned subsidiaries — Xenemetrix Ltd., XwinSys Technology Development Ltd. and Croptimal. TSX.V: EUO

Sage GoldSage Gold Inc. is a dynamic near term producer and exploration company with two principal assets, both situated in Ontario’s most venerable and secure mining jurisdictions – Timmins, known for producing well over 100 million ounces of gold in more than a century, and the Beardmore-Geraldton camp characterized by precious and base metal deposits including potentially   large   VMS   systems With development and exploration stage assets consisting of both base and precious metals, an experienced and dedicated management team, a small float, commodity diversification and a renewed metals market underway, Sage is poised for significant appreciation. TSX.V: SGX

 

To secure your place as an attendee or for more information please contact

Paul Benwell at paul@paulbenwell.com or 514-233-1036. Carl McGill at carl@paulbenwell.com or     416-278-8406. Sophy Cesar at scesar@paulbenwell.com or 514-641-6897.

 

Urban Barns Foods Canada Inc Announces MOU with Canada’s Largest Independent Distributor of Fresh Produce

Urban Barns Foods Canada Inc Announces MOU with Canada’s Largest Independent Distributor of Fresh Produce
Ticker Symbol: U:URBF
Montréal, Québec–(Newsfile Corp. – September 11, 2014) – Urban Barns Foods Inc. (OTCQB: URBF) (“Urban Barns”) is pleased to announce that it has signed a memorandum of understanding (“MOU”) with Hector Larivee Inc (“HLI”) www.hectorlarivee.com. The purpose of the MOU is to establish a framework whereby Urban Barns and HLI will work together to distribute Urban Barn’s fresh produce to upscale restaurants and other food service industry participants in Québec and Eastern Ontario.

Mr. Richard Groome, CEO of Urban Barns, stated that, “With this MOU we effectively cover the entire Province of Quebec and Eastern Ontario with one of the top distribution companies in Canada. We are very pleased that HLI has already started to distribute Urban Barns products to some of our 4 and 5 star hotels and restaurants.”

Mr. Guy Larivee, President of HLI added, “We are very happy to enter into an MOU with Urban Barns in the spirit of cooperation. We have over three thousand 4 and 5 star Food Service and Hospitality clients in the Province of Québec alone, and we are delighted to introduce Urban Barns’ superior product line to our clients. With its high nutritional content and longer shelf life together with Urban Barns’ ability to harvest and deliver the same day, we will be able to fulfill our client’s expectation of having access to the best local fresh greens 365 days a year.” In addition to the MOU , HLI and a member of their executive team have agreed to make a financial investment in the parent company of URBF in the form of a private placement as part of that company’s current $0.05 unit offering. The Urban Barns team plans to have a full sales training and orientation on Cubic Farming and the numerous advantages of the Urban Barns products to the Hector Larivee sales and administration staff starting shortly.

Shareholder Update
Urban Barns is pleased to announce that it has completed Phase 1 of its new facility in Mirabel, Québec. The company is in full production, growing varieties of lettuce, micro greens, and fine herbs, and is supplying many local restaurants with produce picked and delivered on the very same day.
Planning is underway for Phase 2 development with the next Generation Prototype Cubic Farming machine scheduled to arrive in September. The new prototype machine will be tested on site and once testing is complete, the company will build six of these larger Generation 4 Cubic Farming machines for the planned opening of Phase 2 in late 2014 or early 2015. Preparations in the Food Safety program are underway for the Canada GAP audit before the end of 2014.
Like, follow, discuss, and keep up to date:
Facebook.com/UrbanBarns
Instagram.com/urbanbarnsfoods

Twitter.com/UrbanBarns
Youtube.com/UrbanBarnsFoods

About Urban Barns Foods Inc.
Urban Barns uses patent pending proprietary equipment to produce affordable vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. The company’s commitment to consumers is reflected through its motto, “Purely Fresh, Naturally Tasty, and Completely Healthy”.
Forward-Looking Statements
Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as “may”, “could”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “plan”, and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Urban Barns does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Urban Barns’ filings with the United States Securities and Exchange Commission.
For further information, contact:
Urban Barns Foods Inc.
Richard Groome, President and CEO
rgroome@urbanbarns.com
Tel: 514 907 4989 x 774
www.urbanbarnsfoods.com

OREX – Preliminary Economic Assessment Received

PRESS RELEASE No. 2014-3

Preliminary Economic Assessment received

Montreal, Canada, April 16, 2014: OREX EXPLORATION INC. TSX.V: OX (“Orex” or “the Corporation”) –

The board of Directors have received the Preliminary Economic Assessment (“PEA”) on the Goldboro gold project undertaken by MineTech International Limited (“MineTech”) of Halifax, Nova Scotia. MineTech reviewed the Boston Richardson and the East and West Goldbrook deposits at Goldboro, Nova Scotia, Canada, which collectively holds a Measured Resource of 27,900 ounces of gold (149,000 tonnes at 5.8 g/t and Indicated Resource of 358,700 ounces (1,436,000 tonnes at a grade of 7.8 g/t gold) using a 3 g/t cutoff grade. The deposits also contain Inferred Resources of 343,400 ounces gold (1,537,000 tonnes at 6.95 g/t gold) as disclosed in the February, 11th 2013 Mercator NI 43 – 101 report.

The Preliminary Economic Assessment includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the recommendations of the Preliminary Economic Assessment will be realized.

The Board of Directors have reviewed the document and have approved the release of the report, which will be posted on SEDAR shortly.

Highlights from the report:

  •   A mechanised underground mine, with cash cost of production forecast at US$500 per ounce over the life of the mine. Initial output of 21,000 ounces of gold per annum (after mill recovery and NSR), is expected to rise to over 30,000 ounces per annum (after mill recovery and NSR) following the planned expansion in year three. Peak production in years seven and eight is forecast at over 40,000 ounces per annum (after mill recovery and NSR).
  •   An expenditure of US$24.3 million is needed for pre-production and first-year capital, including a 20% contingency. An additional US$3.7 million is needed for working capital. Expansion from 350 tonnes per day to 500 tonnes per day is estimated to cost US$8.8 million during years two and three including the expansion of the milling capacity. The sustaining capital over the life-of- mine is forecast to be US$13.4 million or approximately US$2.2 million per annum, commencing in year four.
  •   The mine life is estimated to be eleven years and the table produced below illustrates the Net Present Value of the Goldboro project based on a range of gold prices and discount rates. The base case used by MineTech during modelling was US$1,200 per ounce.

Page 2

page2image1504

Goldboro Mine Nova Scotia

page2image4648

GOLD PRICE IN US$ PER OUNCE

$1,200

page2image8336

$1,250

page2image10136

page2image10672
page2image10968

$1,300

page2image12224

$1,350

page2image14040

$1,400

page2image15840

page2image16376

$1,450

page2image18744

Discount Rate

Net Present Value after tax (NPV)

page2image21592

5.0%

$98 M

page2image24544

$107 M

page2image26512

$116 M

$124 M

page2image28944

$133 M

$142 M

page2image32464

7.5%

$80 M

page2image35416

page2image35952

$88 M

page2image37384

$95 M

$103 M

page2image39816

page2image40352

$110 M

$118 M

page2image43344

10.0%

page2image44600

$66 M

page2image47464

$72 M

page2image49304

page2image50144

$79 M

$85 M

page2image53416

$92 M

page2image55256

$99 M

page2image57792

  •   Underground mining will initially be carried out using a single drill jumbo. At this time no surface mining is planned.
  •   Metallurgical test work showed that 70% of the gold can be recovered using a simple gravity separation process. A flotation concentrate will recover another 20 – 23%. It is planned to treat concentrate on site and produce Dore bars.
  •   Mining would commence using the existing portal and developed areas, which will mean that only minor development work is required to access the first two years of production.
  •   An initial estimated workforce of 85 people will be required and that up to 120 long term jobs will be created in the area.
  •   The Corporation intends to continue to explore at the Goldboro property with a view to increasing the size of the deposit at depth and to the eastern boundary of the property. It is also planned to carry out infill drilling in an effort to convert some of the current inferred and indicated resources into measured resources.
  •   The property boasts excellent resource expansion potential in all directions which could extend the current estimated mine life.
  •   It is anticipated that an environmental study capable of complying with world recognised Equator Principles will be undertaken. www.equator-principles.com

    Technical information pertaining to the Preliminary Economic Analysis contained in this news release was reviewed by Patrick Hannon, M.A.Sc., P. Eng., of MineTech International Limited, who is an independent Qualified Person as defined under National Instrument 43-101.

page2image71528

Page 3

Commenting on this development, Willie McLucas, President and CEO said “When I first visited the Goldboro property in August 2013, I was excited by the opportunity and I am very pleased that the results shown in the PEA confirm my optimism. The recent increase in interest in gold projects in Nova Scotia can only be of benefit to our cause. Your Board will now actively commence the search for a debt funding package of this project in order to minimise dilution to existing shareholders.”

For further information, please contact:

Neither the 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 news release. The statements made in this news release that are not historical facts are `forward-looking statements, and readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these “forward- looking” statements.

page3image9296

Willie McLucas, President and CEO
Tel: +44 7881 816 980
wpm@mclucasfamilyholdings.com

Mark Billings, Chairman
Tel: + 1 (514) 296-1641
mark@marengomgt.com

OREX EXPLORATION INC.: ANNUAL MEETING OF SHAREHOLDERS HELD ON FEBRUARY 28, 2014 AND PROPOSED PRIVATE PLACEMENT

At Orex Exploration Inc.’s annual and general shareholder meeting held on Feb. 28, 2014, all of the nominees proposed by management were elected as directors of the corporation, being Mark Billings, Marcel Faucher, William Felderhof, Jacques Levesque, William McLucas and Claude Poulin. William McLucas, president and chief executive officer, wishes to thank the shareholders for their support at the meeting and advises that all resolutions were passed unanimously. Furthermore, Raymond Chabot Grant Thornton LP of Rouyn-Noranda was reappointed auditor of the corporation for the financial year ending June 30, 2014.

The board of directors has appointed the following people as officers of the corporation: William McLucas, president and chief executive officer, Mark Billings, chairman, Jacques Levesque, chief financial officer, and Julie Godard, corporate secretary.

The corporation also announces that it intends to proceed with a non-brokered private placement of units for a maximum amount of $500,000. Each unit will be composed of one common share of the corporation at a price of five cents and of one common share purchase warrant, at an exercise price of five cents per share, valid for a three-year period. Insiders of the corporation might subscribe for more than 25 per cent of the offered units. The subscribed securities will be subject to a hold period of four months from the closing date. This private placement is subject to the conditional approval of the TSX Venture Exchange.

Monarques drills nine meters of 1.21 g/t Au at Simkar

Monarques drills nine m of 1.21 g/t Au at Simkar

Monarques Resources Inc (C:MQR)
Shares Issued 57,058,389
Last Close 2/27/2014 $0.11
Friday February 28 2014 – News Release

Mr. Jean-Marc Lacoste reports

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

Monarques Resources Inc. has released the third and final set of drill results for its Simkar 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

—————————————————–
From To Length Grade
Hole # (m) (m) (m)(i) (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
—————————————————–
(i)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.

We seek Safe Harbor.

© 2014 Canjex Publishing Ltd.