TORONTO, Ontario, April 13, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX-V:MMN) is
pleased to announce the execution and ratification by a Mexican Notary Public of the surface rights agreement
with Colonia on the San Jose Silver Project (“San Jose”) located near the USA border in Chihuahua, Mexico.
As the Company informed on the press release dated March 4, 2021, 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 5,000 meters drilling program.