TORONTO, Ontario, August 3, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX-V:MMN) is
pleased to announce that it has obtained an Environmental Permit (known as Informe Preventivo) to complete
its planned 5,000 metre drilling program on its San Jose Silver Project (“San Jose”) in Mexico.
Carlos Espinosa, President and CEO of Monarca commented,
“We are very pleased that despite several delays due to COVID-19 restrictions in Mexico we have obtained the environmental permit that will allow us to build
and rehabilitate 7 km of roads in order to complete our 5,000 m drilling program. This was one of the last pieces of the puzzle, and we are now moving forward with our drilling plans for San Jose”.