Toronto, Ontario–(Newsfile Corp. – February 9, 2022) – Monarca Minerals Inc. (TSXV: MMN) (“Monarca” or the “Company”) 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.