MONARCA MINERALS REPORTS FINAL DRILL HOLE ASSAYS FROM PHASE 1 EXPLORATION DRILLING AT SAN JOSE PROJECT, INCLUDING SIGNIFICANT MOLYBDENUM AND COPPER VALUES

Toronto - Monarca Minerals, Inc. (TSXV: MMN) ('Monarca' or the 'Company') 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.

Michael R. Smith, Monarca's Senior VP of Exploration commented, 'We are pleased with the results of the Phase 1 drilling program at the San Jose project. The drilling indicates that the property has significant exploration potential, especially to the west of the areas drilled to date. The area to the west has mineralized intrusives at depth, which have long anomalous Au and Cu intercepts, overlain by strongly altered limestone, which has not yet been drilled from above. There is potential for skarn development at the un-drilled intrusive/limestone contact and Cu and Mo mineralization in altered intrusive rocks'.

All of the last eight drill holes were drilled at angles ranging from 45-degree to 60-degree, to cross contacts between limestone and intrusives, where skarn mineralization occurs. Downhole surveys were completed for all of the drill holes. The drill holes ranged from 152.4 m to 408.4 m of total depth.

Mineralization has been intersected in exoskarn and endoskarn and silicified intrusives, which are locally potassically altered with shreddy biotite and potassium feldspar. The area to the west of the completed drilling, where there is potential for skarn mineralization at the contact between mineralized intrusives and overlying dolomitized limestone, is the site of the largest IP anomaly in the project area, which remains un-drilled from above where the dolomitized limestone outcrops. The mineralized intrusives have long intercepts of anomalous Au and Cu assays, indicating potential for metalliferous skarn mineralization along the limestone/intrusive contact. Locally associated with Cu mineralization are Mo grades up to 0.22% and 0.17%, as in drill holes SJ07 and SJ02, respectively.

About Monarca Minerals Inc.

Monarca is a Canadian mining company listed on the TSX Venture Exchange (TSXV:MMN) and focused 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 an Inferred Mineral Resource of 19.8 million tonnes at 45.0 g/t Ag (28.7 million ounces of contained silver) at its Tejamen deposit in Durango, Mexico. NI 43-101 Technical Report on Resources, Tejamen Silver Property, Durango State, Mexico, prepared by Gustavson Associates on February 2, 2016.

Contact:

Carlos Espinosa

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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.

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