(1) Toronto, Ontario--(Newsfile Corp. - January 22, 2021) - Moneta Porcupine Mines Inc. (TSX :ME) (OTC Pink: MPUCF) (XETRA: MOP) ("Moneta" or the "Company") is pleased to announce the filing of the technical report covering the updated mineral resource estimate for the Golden Highway Project, 110 km east of Timmins, Ontario. Gary O'Connor, CEO of Moneta, commented, "We are pleased to have filed the Technical Report that supports the recent mineral resource update on the Golden Highway project. The resource update resulted in a significant increase in the size of the resource expanding our current indicated resource base to 2,144,000 oz gold and inferred resources to 3,335,000 oz gold while adding a maiden underground resource at Westaway and open pit resources at Windjammer South and 55. The newly discovered Westaway/West Block deposit contains an underground resource of 662,000 oz gold inferred at a grade of 4.71 g/t Au, and the open pit resources of 1,099,000 oz gold indicated and 1,028,000 oz gold inferred at Windjammer South and 413,000 oz gold indicated and 180,000 oz gold inferred at 55. We are confident of the ability to continue to add to the size of the deposits and targets located within the project. We are currently drill testing new regional targets as well as drilling the extensions of the current resources in our 30,000 m winter 2020/2021 drill program with the release of initial results expected soon. We look forward to concluding the acquisition of the adjacent Garrison project to bring our total resource base for the new combined project to 3,967,000 oz gold indicated and 4,399,000 oz gold inferred."