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Press releases

September 20, 2017


Within the context of the debate on the tax reform proposed by the Government of Canada, economist Jean-Martin Aussant, Léopold Beaulieu of Fondaction, Robert Laplante of the Institut de recherche en économie contemporaine, Gaétan Morin of the Fonds de solidarité FTQ, Alain Paquet, professor at the Department of Economics at the UQAM École des sciences de la gestion, Alexandre Taillefer of XPND Capital, and Sophie Tremblay, president of de Force Jeunesse have made the following statement.

September 12, 2017

Monarques gold enters into a definitive agreement to acquire all the mining assets of Richmont mines in the province of Quebec

MONARQUES GOLD CORPORATION (“Monarques” or the “Corporation”) (TSX-V: MQR) (FRANKFURT: MR7) is pleased to announce that it has entered into a definitive agreement with Richmont Mines Inc. (“Richmont”) (TSX - NYSE: RIC) pursuant to which Monarques will acquire all of Richmont's mining assets in Québec (the “Transaction”). The assets acquired consist of all of Richmont’s mineral claims, mining leases and mining concessions, including the Beaufor mine, the Chimo , Monique and Wasamac properties and all the issued and outstanding shares of Usine Camflo Inc., as well as all mills, buildings, structures, equipment, inventory and property.

Created in 1983, the Fonds de solidarité FTQ is a development capital fund that calls upon the solidarity and savings of Quebecers to help fulfill its mission to contribute to Québec's economic growth by creating and protecting jobs through investments primarily in small and medium-sized businesses in all spheres of activity.

The Fonds also seeks to encourage Quebecers to save for retirement and to offer its over half a million shareholders-savers a reasonable return over and above the outstanding tax benefits they receive for purchasing Fonds shares. A leading purveyor of unsecured risk capital (growth and venture capital), the Fonds continues to drive our economy.