Year: 2021

Taj Singh, President and CEO, states: “We are excited to share our inaugural ESG report as part of Discovery’s evolution. We believe that ESG management is a key component of delivering long-term value and business resiliency.”

The Company intends to use the net proceeds of the Private Placement to conduct exploration work on its Cervantes porphyry gold-copper project in Sonora, Mexico, and its Tombstone epithermal gold-silver & CRD silver-lead-zinc-copper-gold project in Arizona, USA, as well as for general working capital purposes.

Candelaria Mining Corp. is pleased to announce that, further to its press release of September 22, 2021, it has closed its second and final tranche of its non-brokered private placement for a gross proceeds of $511,648 through the issuance of 1,136,997 units of the Company at a price of $0.45 per Unit.

During the quarter 9,123 tonnes of ore were mined with 9,817 tonnes hauled to the surface at Plomosas.

The Company issued a total of 4,396,667 common shares at a price of $0.15 per Share to raise gross proceeds of $659,500.05.

The Company wishes to provide an update with respect to the previously announced proposed acquisition of a portfolio of Bolivian mining assets from Glencore.