Monarca Minerals Inc. reported that it has appointed Carlos Espinosa as President and Michael Smith as Executive Vice President, Exploration of the company. Allan Folk remains as Interim Chief Executive Officer. Carlos has been a director of the company since 2016 and has been instrumental in the company's government and community initiatives in respect of its Tejamen Project in Durango Mexico. Michael previously held the title of President and has been key in putting together the company's exploration plan for Tejamen and its other projects and in evaluating potential property transactions. This realignment of the company's management structure better reflects the responsibilities being assumed.