On March 6, 2026, Cordoba Minerals Corp. completed the sale of its remaining 50 percent interest in the Alacrán Project in Colombia, along with all other exploration assets in Colombia and certain accounts receivable to Veritas Resources AG, an entity owned by a consortium of experienced mining investors led by JCHX Mining Management Co., Ltd.

Upon closing of the transaction, Cordoba Minerals received cash proceeds of US$128 million. The transaction was completed by way of the divestment of Cordoba’s wholly owned Colombian subsidiaries, Minerales Cordoba S.A.S. and Exploradora Cordoba S.A.S. to Veritas. Veritas now holds a 100 percent interest in the Alacrán Project and has assumed full operational responsibility for the project.

Cordoba Minerals also distributed US$1.01 per common share to its shareholders (being an aggregate of approximately US$98.5 million) of the cash proceeds received in connection with the transaction by way of plan of arrangement.

Cordoba Minerals Corp. is a mineral exploration company based in Vancouver that focuses on the exploration, development, and acquisition of copper and gold projects in Colombia and the United States.

JCHX Mining Management Co., based in Beijing, China, engages in international mine engineering, development, and construction activities.

Cassels is acting for Cordoba. The Cordoba Special Committee retained Osler, Hoskin & Harcourt LLP as its independent legal counsel and Haywood Securities Inc. as its independent financial advisor.

McCarthy Tétrault is advising JCHX Mining Management Co.