Monarch Gold Announces the Sale by Nemaska Lithium of 15,849,455 Monarch Gold Shares

MONTREAL, May 15, 2020 /PRNewswire/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation“) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) explains yesterday’s record volume due to the sale of the 15,849,455 shares held by Nemaska Lithium in connection with its ongoing restructuring process under the Companies’ Creditors Arrangement Act (CCAA) (see press release). Nemaska no longer holds any Monarch shares.