Mineros closes La Peppa acquisition

Ms. Ann Wilkinson reports MINEROS S.A. COMPLETES ACQUISITION OF LA PEPA PROJECT, SECURING 100% OWNERSHIP AND ADVANCING GROWTH STRATEGY IN CHILE Mineros S.A. has completed the acquisition of the remaining 80-per-cent interest in the La Pepa project from Pan American Silver Corp. for approximately $40-million (U.S.). Mineros now holds a 100-per-cent ownership of this advanced gold exploration project. The La Pepa project is a significant, exploration-stage asset with a substantial estimated mineral resource base, located in the Maricunga gold belt of the Atacama region, Chile, approximately 800 kilometres north of Santiago and 110 kilometres east of Copiapo, at 4,200 metres above sea level in the Andes Mountains. The completion of this transaction terminates the joint venture between Mineros and Pan American, and gives Mineros full control over the project's development path. "Securing 100 per cent of the La Pepa project is a transformative step which adds a second organic growth project in addition to our Porvenir project in Nicaragua. This will anchor our future as we mature into a mid-tier gold producer," stated David Londono, president and chief executive officer of Mineros. "This asset delivers a major gold resource and solidifies our strategic presence in the world-class mining jurisdiction of Chile." About Mineros S.A. Mineros is a Latin American gold mining company headquartered in Medellin, Colombia. The company has a diversified asset base, with mines in Colombia and Nicaragua, and a pipeline of development and exploration projects throughout the region, including the La Pepa project in Chile. The board of directors and management of Mineros have extensive experience in mining, corporate development, finance and sustainability. Mineros has a long record of maximizing shareholder value and delivering solid annual dividends. For almost 50 years, Mineros has operated with a focus on safety and sustainability at all its operations. Mineros's common shares are listed on the Toronto Stock Exchange under the symbol MSA and on the Colombia Stock Exchange under the symbol MINEROS. Election of directors -- electoral quotient system The company has been granted an exemption from the individual voting and majority voting requirements applicable to listed issuers under Toronto Stock Exchange policies, on grounds that compliance with such requirements would constitute a breach of Colombian laws and regulations that require the directors to be elected on the basis of a slate of nominees proposed for election pursuant to an electoral quotient system. For further information, please see the company's most recent annual information form, available on the company's website and from SEDAR+. We seek Safe Harbor.