MONARCA MINERALS INC. ANNOUNCES MANAGEMENT CHANGES

Toronto, Ontario, February 9, 2022 – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company”) (TSXV:MMN) reports that Mr. Carlos Espinosa has resigned as President and CEO of the Company effective March 4, 2022. Mr. Espinosa will remain a Director of the Company. The Board of Directors would like to thank Mr. Espinosa for his numerous contributions to date and the Board looks forward to his continued support.

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