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Monark announces agreement with Canadian Business Journal Gold Loyalty

Montreal, March 29, 2022 (GLOBE NEWSWIRE) — Monark Mining Co., Ltd. (“”Monarch” or “Ltd(TSX: GBAR) (OTCQX: GBARF) has signed a contract with Gold Royaly Corp. (NYSE: GROY) for a combination of royalty sales and repurchase exclusion, including additional C sales. Announced. $ 1.25 royalties per ton at Beacon Mill, additional 0.25% net smelter revenue royalties sold, and C cash payments in exchange for Croinor Gold, McKenzie Break, and Swanson properties 1.25% royalty repurchase exclusion Monarch $ 4.5 million.

Laurentian Bank of Securities served as Monark’s financial advisor in connection with this transaction.

Kosha plans to complete the transaction by April 15, 2022.

About Monarch
Monarch Mining Corporation (TSX: GBAR) (OTCQX: GBARF) is a fully integrated mining company that owns four projects, including Beau for Mine, which has produced over 1 million ounces of gold over the last 30 years. Other assets include properties of Cloiner Gold, Mackenzie Break and Swanson. All of these are near Monark’s fully owned 750tpd Beacon Mill.Monark owns 29,504 hectares (295 km)2) 478,982 ounces of measured and displayed gold resources plus 383,393 ounces of estimated resources host the prolific Abitibi mining camp mining assets.

Description of future prospects
The forward-looking statements in this press release are known that Monark’s actual results, performance, and outcomes may differ materially from those shown or implied therein. And includes unknown risks, uncertainties, and other factors. Neither TSX nor its regulatory service provider (the term is defined in TSX policy) is responsible for the validity or accuracy of this press release.

For more information:

www.monarchmining.com


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Monark announces agreement with Canadian Business Journal Gold Loyalty

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