TORONTO, Ontario, December 15, 2020 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX-V:MMN), is
pleased to announce that it is advancing toward an initial approximately 5,000m drilling program at San Jose.
Due to Covid, Mexican Agrarian governmental offices have been closed, delaying the permitting process. The federal offices related to surface land ownership have, in the last week, re-opened and resumed operations. There are now plans to consummate a meeting with all parties to finalize a contract between Monarca and the Colonia and Ejido, who own the surface in the planned drilling area. The contract would allow temporary occupation and surface use in the area of planned drilling, which is a critical step in obtaining a drilling permit.