MONARCA MINERALS REPORTS COMPLETION OF TWO ADDITIONAL DRILL HOLES AT ITS SAN JOSE PROJECT – SJ07 AND SJ120

TORONTO, Ontario, October 12, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX-V:MMN),
is pleased to announce that it has completed an additional two drill holes at its San Jose Project.

Michael R. Smith (Monarca Minerals Senior VP Exploration) states “We are pleased to report that two more
drill holes, SJ07 and SJ12, have been completed, with significant intersection of skarn mineralization in
limestone and intrusives rocks.”

Read the full press release here.