Monarca Minerals: Update on San Jose project in Chihuahua, Mexico

Mr. Espinosa is a mining executive with over 25 years of experience within Canadian capital markets, international business development and commercial banking. He is former Head of Business Development, Global Mining at the TSX and TSXV and former Deputy Trade Commissioner of Mexico, in Toronto. Mr. Espinosa holds an MBA from Kellogg School of Management at Northwestern University and a BBA from Universidad Nacional Autonoma de Mexico; he is fluent in Spanish.