MONARCA MINERALS GRANTS STOCK OPTIONS

TORONTO, Ontario, November 12, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSXV: MMN) is pleased to announce that, in accordance with the Company‚Äôs long term incentive plan, it has granted an aggregate of 2,250,000 stock options to directors, officers and employees of the Company. Each option is exercisable to purchase one common share of the Company at $0.09 per share for a period of 4 years from the date of issuance.

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