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Moneta Porcupine Mines Inc : Moneta Extends Gold Mineralization for 1 6 Km East of Current Resources at Golden Highway

(2) Toronto, Ontario (Newsfile Corp. - February 2, 2021) - Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (XETRA: MOP) ( Moneta or the Company ) is pleased to announce the results from six (6) holes drilled to test three (3) targets areas for gold mineralization over a strike length of 1,600 metres (m) to the east of the Windjammer South open pit gold resource. The drill holes were drilled as part of the expanded 2020/2021 winter drill program on the Golden Highway Project, 110 km east of Timmins, Ontario (Figure 1). Highlights: Drilling has intersected significant gold mineralization in three targets areas (Halfway, Halfway Lake and East Fold) over a 1,600 m strike length east of the current gold resources at Golden Highway:

Moneta Extends Gold Mineralization for 1 6 Km East of Current Resources at Golden Highway

Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (XETRA: MOP) (“Moneta” or the “Company”) is pleased to announce the results from six (6) holes drilled to test three (3) targets areas for gold mineralization over a strike length of 1,600 metres (m) to the east of the Windjammer South open pit gold resource. Moneta Porcupine Mines Inc. (TSX: ME) (OTC Pink: MPUCF) (XETRA: MOP) (“Moneta” or the “Company”) is pleased to announce the results from six (6) holes drilled to test three (3) targets areas for gold mineralization over a strike length of 1,600 metres (m) to the east of the Windjammer South open pit gold resource. The drill holes were drilled as part of the expanded 2020/2021 winter drill program on the Golden Highway Project, 110 km east of Timmins, Ontario (Figure 1).

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