Andean Mining Corporation Pty. Ltd entered into a non-binding agreement to acquire Corporación Minera de Colombia S.A. from NewRange Gold Corp. (TSXV:NRG) for $1 million on June 5, 2019. Andean Mining Corporation Pty. Ltd signed a definitive share purchase agreement on May 7, 2020. The acquisition includes El Dovio and Anori exploration projects which are owned by Corporacion Minera de Colombia. The consideration of $1 million will be paid in staged payments within nine months together with certain other considerations. on September 5, 2019, Andean Mining Corporation Pty Ltd. paid $0.25 million for El Dovio. The balance of $0.75 million will be paid nine months from signing the share purchase agreement. The transaction is subject to due diligence by Andean. As per announcement of May 8, 2020, the transaction is subject to final stock exchange approvals. GoldMining, Pursuant to the agreement among GoldMining Exploraciones S.A.S., Newrange and Corporacion Minera de Colombia S.A.S., the GOLD Shares issued to Newrange are subject to the following escrow and resale restrictions: (i) 50% of the payment shares were released on December 2, 2019; (ii) the remaining 50% of the payment shares will be released on the date that is the later of (a) 6 months after December 2, 2019 and (b) the date that the assignment of certain mineral rights is approved by the relevant Colombia Governmental Authority, and (iii) Newrange, on any given day, shall not sell any of the payment shares representing more than ten percent (10%) of the volume of GOLD Shares traded on the TSX.

Andean Mining Corporation Pty Ltd. completed the acquisition of Corporación Minera de Colombia S.A. from NewRange Gold Corp. (TSXV:NRG) during the period ended January 31, 2021.