Monarques Resources fka MQR

[Dobie Lama]

MONARQUES RESOURCES INC. ("Monarques" or the "Corporation") (TSX VENTURE:MQR) is
pleased to announce it will retain the services of Bay Capital Markets Inc. for
the purposes of providing financial public relations services pertaining to the
activities of the Corporation. In carrying out its mandate, Bay Capital Markets
Inc. will establish a closer and more constant relationship between the
Corporation and the financial community as well as from news media, the whole
subject to the terms and conditions of an agreement to be entered into between
Monarques and Bay Capital Markets Inc (the "Agreement").


The Agreement has a term of twelve months from the date of its signature with
renewal terms of six to twelve months.


In consideration for its services, Bay Capital Markets Inc. will receive a
monthly service fee of $6,000. Bay Capital Markets Inc. is also entitled to the
reimbursement of certain fees and expenses in connection with the services
provided to Monarques.


Upon signature of the Agreement, an option will be granted to Bay Capital
Markets Inc. (the "Option") to purchase up to a maximum of 250,000 common shares
of Monarques (the "Option Shares") at a price of $0.40 per common share for a
period of two years following the date of grant or for 30 days following the
termination of the Agreement. The Option may not be exercised during the three
months following the date of grant. Thereafter, the Option may be exercised, in
whole or in part, in respect of one-fourth of the Option Shares for each
subsequent quarter.


The Agreement, the payment of the service fee and the grant of the Option are
subject to the approval of the TSX Venture Exchange.


Mr. Bosko Djurovic is the President, the sole director and the main shareholder
of Bay Capital Markets Inc. He will be the person who will provide services to
the Corporation. The registered office of Bay Capital Markets Inc. is located at
1200 McGill College, suite 110, Montreal, Quebec.



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