Monarca Minerals Inc Announces Board Restructuring

Toronto, Ontario– May 2, 2019 – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the   “Company”) is pleased to announce that Mr. Paul Ténière had been appointed as a director of   the Company.   Mr. Paul Ténière replaces Allan Folk, who stepped down from the board to focus   on other activities. The Board of Directors would like to thank Mr. Folk for his contributions  to   the Company.

Paul Ténière, M.Sc., P.Geo. has 20 years of experience in the mining and oil & gas sectors in   Canada, United States, and internationally taking projects from exploration to mine   development. Mr. Ténière has held senior to executive roles with small cap to large mining   companies developing precious metal, base metal, and metallurgical coal deposits, and has   significant capital markets and corporate finance experience. As a mining expert at the TSX and   TSX Venture, he was involved in approving the listing of exploration and mining companies and   advised issuers on their technical disclosure and corporate governance requirements. Mr.   Ténière is currently President and CEO of Eastern Zinc Corp. Previously he  was Chief Geologist   for Sherritt International Corp. and an Exploration Manager for Vale S.A. and for Solid Energy   New Zealand. He is a registered Professional Geologist in Ontario and has a Bachelor of Science   (Honours) degree in Earth Sciences from Dalhousie University and a Master of Science degree in   Geology from Acadia University.

“We are very pleased to have Paul on the Board of the Company, he brings great technical and   corporate experience that align perfectly with our plans in Mexico” stated Carlos Espinosa,   President and CEO of Monarca Minerals Inc.

About Monarca Minerals Inc.
Monarca is a Canadian company focusing on the exploration and development of silver projects   along a highly productive mineralized belt in Mexico. The Company has a portfolio of silver   projects including a mineral resource of 28.7 million ounces of silver (19.8 million tonnes at 45.0   g/t Ag) at its Tejamen deposit.

For further information, please contact:
Carlos Espinosa
President and CEO, Monarca Minerals Inc.

Cautionary Note Regarding Forward-Looking Statements Forward-Looking Statements:
The above contains forward-looking statements that are subject to a number of known and   unknown risks, uncertainties and other factors that may cause actual results to differ materially   from those anticipated in our forward-looking statements. Factors that could cause such   differences include: changes in world commodity markets, equity markets, costs and supply of   materials relevant to the mining industry, change in government and changes to regulations  affecting the mining industry. Forward-looking statements in this release include statements   regarding future exploration programs, operation plans, geological interpretations, mineral   tenure issues and mineral recovery processes. Although we believe the expectations reflected in   our forward-looking statements are reasonable, results may vary, and we cannot guarantee   future results, levels of activity, performance or achievements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in   the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of   this release.   /NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED