TORONTO, Ontario, March 4, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX-V:MMN) is
pleased to announce that it continues to advance the permitting process for its upcoming drilling program on
the San Jose Silver Project (“San Jose”) located near the USA border in Chihuahua, Mexico.
Surface lands for the San Jose project area are partially covered by “Ejido” lands and “Colonia” lands (community
or communal lands), therefore the Company is required to sign a surface rights agreement with both the Ejido
and Colonia authorities to advance its environmental permit to proceed with its planned drilling program.