Corporation intersects multiple high-grade gold intersections from underground and surface exploration drilling. Best high-grade results include 187.0 g/t Au over 0.5 m, 151.5 g/t Au over 0.5 m and 147.5 g/t Au over 0.3 m. Monarch has initiated Phase 2 of the surface drilling program to follow up on the recent near-surface results. The 42,500-metre drilling program is ongoing, with four drills underground and one on surface. MONTREAL, April 29, 2021 /PRNewswire/ - MONARCH MINING CORPORATION (" Monarch" or the " Corporation") (TSX: GBAR) (OTCMKTS: GBARF) is pleased to announce additional results from its 2020-2021 42,500-metre exploration diamond drilling program on its wholly-owned Beaufor Mine gold project, located 20 kilometres east of Val-d'Or, Québec. The results include several high-grade assays, including 187.0 g/t Au over 0.5 m, 151.5 g/t Au over 0.5 m and 147.5 g/t Au over 0.3 m, as Monarch continues to test for potential resources in proximity to the historical mine.