Toronto, Ontario–(Newsfile Corp. – June 3, 2019) – Monarca Minerals, Inc. (TSXV: MMN) (“Monarca” or the “Company”), is pleased to announce that it has entered into anOption Agreement to acquire a 100% interest in the 5,580-hectare San Jose
Project (the “Project”) located in Chihuahua, northern Mexico. The Option Agreement is an arm’s length transaction. The decision was made to acquire this skarn and potential CRD/porphyry deposit after a surface geophysics program comprised of
induced polarization (IP), resistivity, and magnetics survey completed in July and August 2018, discovered very strong IP/magnetic anomalies over a 2.8 km strike length resulting in numerous drill targets. Based on these promising geophysical
results and previous chip sampling on the property that resulted in significant gold, silver, copper, zinc and lead results, the Company is currently planning an 18-hole reverse circulation (RC) drilling program to test the strong IP and magnetics anomalies
for potential precious and base metals at depth.