Monarca Minerals Reports Final Drill Hole Assays from Phase 1 Exploration Drilling at San Jose Project – Including Significant Molybdenum & Copper Values

TORONTO, Ontario, December 13, 2021 — Monarca Minerals, Inc. (“Monarca” or the “Company”) (TSX- V:MMN) is pleased to announce that it has received final assays for the last eight drill holes from its Phase 1 San Jose exploration drilling program. The assay results are summarized below in Table 1 and indicate significant Au, Ag, Cu, Pb, Zn and Mo mineralization. Significant Cu and Mo mineralization occurs in some drill holes, hosted in potassically and endoskarn altered intrusives

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