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NWM

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Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
TSXV:NWM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Monarchy Resources Publishes Letter to Shareholders

14/01/2014 1:01pm

Marketwired Canada


Monarchy Resources, Inc. (OTCBB:MONK) -

Dear Fellow Shareholders, Business Partners and Friends:

First of all we want to thank you for your support and interest in our company
over the past year. We are excited about what we have accomplished in 2013 and
are even more excited to provide you with some of the milestones we hope to
reach over the course of the coming year. We firmly believe that 2014 will bring
a number of significant achievements for our company which will validate our
choice to focus on developing our Mexican mining interests.


Monarchy Resources Inc. (OTCBB:MONK) invests in historically significant mining
claims and mining interests with mineral reserves primarily consisting of
precious metals. Through 2013, Monarchy Resources took increasing interest in
producing gold and silver opportunities in Mexico. In 2013, the Company acquired
an initial 45% interest in New World Metals, a Mexican-based mineral
development, ore processing and refining company focusing on expanding its
production of gold and silver in Chihuahua, Mexico. NWM has three operational
mines currently producing approximately 90 tons per day.


Over the course of 2013, we accomplished the following:



--  Acquired 45% interest in New World Metals 
--  Made deposit on a 100 ton per day ore processing mill 
--  Stockpiled over 8000 tons of ore at its three mine locations 
--  Pumped the La Luna Mine free of water and lowered shaft by 7 meters 
--  Made major repairs and upgrades to structure at Morelos Mine 
--  Lowered shaft by 8 meters and began production at the Peneto Mine 
--  Featured on MoneyTV with Donald Baillargeon 



To us, however, this is just the start of what we want to accomplish in 2014.
Some of our key milestones we wish to achieve are the following:


Complete Acquisition and Set-up of Ore Processing Mill and Begin Processing Ore

One of the Company's goals since acquiring an interest in our Mexican mining
projects is to build our own processing facility. In 2013 we placed a deposit on
a 100 ton per day processing facility. 


The Company is looking at completing this acquisition and setting it up through
2014 to enable the company to begin processing its own ore.


Expand our Board of Directors

The Company recognizes a need to expand its board of directors, and is looking
forward to expanding its board of directors through 2014. The Company is
currently speaking with promising candidates and will be announcing these
appointments as they occur.


Increase Production at Our Three Producing Mines

The Company is pleased with the amount of ore that it has stockpiled to date.
The Company is seeking to increase its production over the course of the coming
year so as to have an ample supply for when the Company is in a position to
begin processing ore. We are currently producing at all three mines at a total
combined rate of 90 tons per day. The Company believes we can significantly
increase this rate of production in 2014. 


Increase Communication with our Shareholders

The Company will continue to keep its shareholders up to date through its
regulatory filings and press releases, as well as keep its website up to date at
www.monarchyresourcesinc.com. The Company is considering hiring a third party
corporate communications firm to keep its shareholders up to date. We will also
host investor conference calls from time to time to keep shareholders updated.


Expansion of Advisory Board and Key Personnel 

As the Company expands its focus and further develops its projects, we recognize
the need to hire experts, advisors, and key personnel that will assist us in
developing the Company from an operational standpoint as well as introducing the
Company to key industry players and strategic partners. We have several
potential candidates in mind, and are anxious to announce the appointment of
these individuals.


Engagement of Investment Banking Firm

Since our Company's founding in 2010, Monarchy Resources has largely relied on
"friends and family" to finance our growth, develop our products and services,
and meet our working capital requirements. However, we believe to move our
Company through its next critical phase of growth, development and
commercialization, and to attempt to ensure we are positioned to support our
research collaborations and market penetration strategies, another financing
channel is needed. We will actively be soliciting investment banking firms to
serve as our investment banker and financial advisor to assist us in attempting
to raise new capital in 2014.


Concluding Remarks

By way of this letter, we have endeavored to share several of the many positive
developments occurring at our Company. We urge you to read our recent filings as
well as our 10-K which will be published this month for additional details on
our key growth strategies and critical milestones achieved, thus far. The
Company is optimistic about its future and very excited about our projects in
Mexico.


In closing, I'd like to use this opportunity to express my sincere appreciation
to all of my fellow shareholders for your commitment to Monarchy Resources'
mission, and for your continued trust and confidence in our leadership. I'd like
to wish you all a very happy and prosperous New Year!


Respectfully,

MONARCHY RESOURCES INC.

Jose Perez, President and Chief Executive Officer

About Monarchy Resources 

Monarchy Resources ("Monarchy") engages in a variety of investments in
historically significant, mining claims and mining real estate world-wide with
mineral reserves primarily consisting of precious metals. Monarchy Resources
takes a minority, non-operated position in precious metal mining projects. We
combine experienced management, low overhead and capital towards promising
strategic acquisitions. We allow operators to remain focused on their operated
interests and in return Monarchy receives revenue share of the profits from such
participation. Monarchy's non-operated position continues to gain momentum as
Monarchy partners with more operators and land professionals.


About New World Metals 

New World Metals Corporation ("NWM") is a mineral development, ore processing
and refining company focusing on expanding its production of gold and silver in
Chihuahua, Mexico. NWM has three operational mines in Mexico.


Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements that involve risks and
uncertainties, including the Company's beliefs about its business prospects and
future results of operations. Some factors that could cause actual results to
differ materially include economic and operational risks, changes in anticipated
earnings, continuation of current contracts, and other factors detailed in the
Company's filings with the Securities and Exchange Commission, including its
most recent Forms 10-K and 10-Q. The Company forecasts provided above are
dynamic and therefore refer only to this release date. The Company does not
undertake to update any forecasts that it may make available to the investing
public. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Monarchy Resources, Inc.
Jose Perez
664-900-7415


Investor Relations
1(888)876-9995
MONK@mscorpcommunications.com
www.monarchyresourcesinc.com

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