EL SOL PROJECT Technical Data June 25, 2019 TSX VENTURE: MMN

FORWARD LOOKING STATEMENT This presentation is prepared by Monarca Minerals Inc. (MMN – TSX.V). Management of Monarca are solely responsible for content and format. Management has compiled this presentation from industry information and 43-101 reports and news releases with specific underlying Qualified Persons as set out in the Releases and reports. Industry information has been compiled from publicly- available sources and may not be complete, up to date, or reliable. This presentation contains forward-looking statements within the meaning of Canadian and U.S. securities laws. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the Company’s ability to raise capital to fund development and exploration, changes in general economic conditions or financial markets, changes in metal prices, general cost increases, litigation, legislative, environmental and other judicial, regulatory, political, competitive developments in Mexico, technological and operational difficulties or inability to obtain permits encountered in connection with the Company’s exploration activities, community and labour relations matters and changes in foreign exchange rates, all of which are described in more detail in the Company’s filings with the Canadian Securities Regulators. This presentation is for information purposes only and is not a solicitation. Please contact the Company for complete information and consult a registered investment representative / advisor prior to making any investment decision. Investors are urged to consider closely the disclosure in Monarca’s annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com. Although the Company believes its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted. Technical Information and Qualified Person Statement: All historical resource estimates, preliminary economic assessment (PEA), production data, drilling or sampling figures (“Technical Information”) quoted herein are based on prior data and NI 43-101 technical reports prepared by previous operators or adjacent property holders. Monarca Minerals has not verified this technical information and this information is not necessarily indicative of the mineralization potential on Monarca’s properties discussed herein. All historical information disclosed should not be relied upon and has not been verified by a Qualified Person. All scientific and technical information contained in this presentation has been reviewed and approved by Michael R. Smith, a Qualified Person under the meaning of NI 43-101. Can you get rid of the green shading and border and the the red arrow. Fit the text in the box TSX VENTURE: MMN

EL SOL OVERVIEW Surface sampling at El Sol (old mine dumps) of up to 358ppm Ag, 1.94ppm Au, 19.6% Zn and 22.6% Pb. One hole has been drilled on the concession (Southern Silver Exploration [SSV], 13CLM-072) and returned 0.3m (102.5 – 102.8m depth) at 87ppm Ag, 1.88% Pb, 1.01% Zn and 0.11% Cu. SSVs Blind/El Sol Zone extends to the southeast corner of the El Sol concession, on line with a chargeability anomaly along the east side of El Sol, which remains un- drilled. SSV (1km southeast of El Sol) reports a resource at Las Minitas of 28,367oz AgEq at average grade of 342ppm AgEq. A strong aeromagnetic anomaly is located at the northwestern portion of the El Sol concession, possibly indicating the presence of a buried mineralizing intrusive. An exploration program for 2019 is proposed, consisting of 4-6 holes (total 1500m) to cost US$300,000. TSX VENTURE: MMN

EL SOL SITE CONDITIONS The El Sol concession is located about 75km northeast of Durango, Mexico, via paved highway. 100% ownership of the El Sol concession. 63ha in the El Sol concession. Southern Silver (SSV-V) previously had an option (through Freeport McMoran) to the El Sol concession, but relinquished it on July 20, 2015. Close to infrastructure and easy topography. Surface land held by two Ejidos with no historical problems. New pro-mining government at state level. TSX VENTURE: MMN

EL SOL GENERAL LOCATION TSX VENTURE: MMN

EL SOL LOCATION El Sol is located in an area with numerous important historical and operating Ag and Au mines. TSX VENTURE: MMN

EL SOL CONCESSION 63ha 13CLM-072: 0.3m (102.5 – 102.8m depth) at 87ppm Ag, 1.88% Pb, 1.01% Zn and 0.11% Cu Blind/El Sol Zone: SSV TSX VENTURE: MMN

EL SOL GEOLOGY Cerro las Minitas The district geology consists of: a domal exposure of Cretaceous limestone, intruded by Tertiary mineralizing granitic rocks. Southern Silver (at Cerro las Minitas) has partly defined the Blind/El Sol zone, which appears to extend onto El Sol. Cerro las Minitas TSX VENTURE: MMN

EL SOL AREA MAGNETIC SURVEY SSV released on their website this image from an aerial magnetic survey over their holdings. Note that at El Sol there is a magnetic anomaly, like at Cerro Las Minitas. El Sol Property Cerro las Minitas TSX VENTURE: MMN

EL SOL-MAGNETIC GEOPHYSICAL SURVEY Buried Mineralizing Intrusive? IP Chargeability Anomaly El Sol Concession IP Chargeability Anomaly Southern Silver Blind/El Sol Zone Note the magnetic anomaly at the north side of the concession. This might represent a buried mineralizing intrusive, like at Cerro Las Minitas. TSX VENTURE: MMN

EL SOL IP GEOPHYSICS Mine Shaft at Primary IP Anomaly Chargeability Anomaly Mine Shaft at Primary IP Anomaly Chargeability Anomaly Chargeability Anomaly Southern Silver Blind/El Sol Zone Several linear IP chargeability anomalies were found, one at the NE side of the El Sol concession. Southern Silver’s (SSV-V) Blind/El Sol Zone appears to link with a chargeability anomaly. Excellent drill target TSX VENTURE: MMN

EL SOL: NEW STYLE OF MINERALIZATION Over-printing siliceous epithermal characteristics are common on mine dumps at El Sol. Assays of this mineralization show grades of up to 358ppm Ag, 1.945ppm Au, 19.6% Zn and 22.6% Pb. TSX VENTURE: MMN

PROPOSED DRILL HOLES Magnetic Anomaly An exploration program for 2019 is proposed, consisting of 4-6 holes (total 1500m) to cost about US$300,000. TSX VENTURE: MMN

SSV’s Cerro Las Minitas EL SOL SATELLITE IMAGE Highway El Sol Concession SSV’s Cerro Las Minitas SSV’s Blind/El Sol Zone Showing gentle topography in area and easy access. TSX VENTURE: MMN

One of several mine shafts at El Sol Several small mines exist on the El Sol concession. It is a historical mining area since the 1600s and is in the Avino Mining District. SSV (1km southeast of El Sol) reports a resource at Cerro Las Minitas of 23,946,000 tonnes (inferred + indicated) at 108ppm Ag, 0.22% Cu, 1.04% Pb, 3.22% Zn and 0.08ppm Au [Southern Silver Exploration Corp. NI 43-101 Technical Report – Mineral Resource Estimate for Cerro Las Minitas Project, Durango State, Mexico (June 24, 2019)]. Avino Silver and Gold Mines –ASM-V (16 km to the west) has a measured and indicated resource of 10,660,000 tonnes at 77ppm Ag, 0.63ppm Au and 0.37% Cu [Avino Gold and Silver Mines Ltd – Resource Estimate Update for the Avino Property, Durango, Mexico (February 21, 2018)]. One of several mine shafts at El Sol TSX VENTURE: MMN

President, CEO and Director Carlos Espinosa, MBA President, CEO and Director cespinosa@slgmexico.com TSX VENTURE: MMN