MONARCA MINERALS – COMPLETES SHARES FOR DEBT TRANSACTION

TORONTO, Ontario, September 9, 2020 –Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX- V:MMN), announces that is has completed the previously announced (July 28, 2020) shares for debt transaction to settle an aggregate of $301,324.90 owing to certain officers, directors and service providers of the Company through the issuance of an aggregate of 6,026,498 common shares of the Company at an implied issue price of C$0.05 per share. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for the development of its business.

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