Candelaria Mining Resolves Enforcement Proceedings with Goldgroup Mining

Vancouver, B.C. — July 3, 2025 — NewsWall — Candelaria Mining Corp. has fully resolved enforcement proceedings with Goldgroup Mining Inc., according to a prior agreement dated March 6, 2025. The agreement was entered into by Candelaria, Goldgroup, and Minera Apolo, S.A. de C.V., a Candelaria subsidiary holding interests in the Pinos Project.

The enforcement proceedings were tied to a default under a medium-term loan facility initially provided by Accendo Banco, S.A., Institución de Banca Múltiple, and later transferred to Goldgroup. As part of the agreement, Candelaria transferred all outstanding shares of Apolo to Goldgroup, resulting in the disposition of Candelaria's interests in the Pinos Project. This transaction satisfied the loan facility, releasing all related claims against Candelaria.

Goldgroup issued 716,667 shares to Candelaria and made a US$89,000 cash payment. An additional US$89,000 cash payment will be made within six months after the TSX Venture Exchange’s final approval of the transaction, no later than January 7, 2026.

Following the transaction, Candelaria’s listing will move to the NEX Board of the TSXV, with trading expected to start on NEX on July 9, 2025.

Héctor Félix González Ramirez, CEO and Director

Omar García Abrego, CFO, +1 (604) 369-2928, info@candelariamining.com

Source: Candelaria Mining Corp.