Monarch Gold Intersects 13.95 g/t Au Over 14.35 Metres (47.1 Feet) at McKenzie Break

MONTREAL, July 23, 2020 /PRNewswire/ – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to announce significant high-grade assay results from its winter/spring diamond drilling program on its wholly-owned McKenzie Break gold project, located 25 kilometres north of Val-d’Or, near Monarch’s Camflo and Beacon mills. The project straddles the eastern extension of the prolific Destor-Porcupine Break. The drilling program, which was initiated in March and suspended due to Covid-19 restrictions, was completed in May, with a total of 1,896 metres drilled in four holes. Assay results have been received for all four holes in the central part of the now-enlarged McKenzie Break property (see press release dated February 27, 2020). The purpose of the diamond drilling program was to continue expanding the new zone based on positive results from the 2018 and 2019 diamond drilling programs (see press releases dated February 28, 2019, March 13, 2019, March 20, 2019, January 8, 2020, February 6, 2020 and February 26, 2020). The newly defined mineralized zone, which now measures in excess of 150 metres x 150 metres, is located to the east of Monarch’s current resource estimate.