Quimbaya Gold Inc. announced the acquisition of additional mining properties with gold and silver exploration potential, encompassing approximately 1,624 hectares. The newly secured titles, including SH2-08001 (789.75 Ha), SH2-08002X (57.36 Ha), SID-09152X (64.70 Ha), and SHO-08001 (712.96 Ha), collectively referred to as the "Concession Contracts," which are approximately within less than 10km from Aris Mining Corporation's ("Aris") gold mining sites which significantly expand Quimbaya Gold's foothold in the burgeoning mining landscape of Segovia, situated northeast of Medellín, the regional capital of the Department of Antioquia, Colombia. All four mining properties are prospective for gold and silver mineralization in structurally controlled Au-Ag vein deposits type.

Property SID-09152X is located immediately northeastwards of Aris' operations in Segovia, and along a NE striking valley called La Cianurada Creek crosscutting the Segovia Batholith of the Jurassic age. Property SHO-08001 is contiguous to the east of Aris' operations and host the Nus Fault which separates igneous units of Segovia Batholith to the west from Cretaceous volcano-sedimentary sequences to the east. Property SH2-08001 is located 4km NE of Aris' operations.

The geology is within the Segovia Batholith, intruded by a late porphyritic stock. Lastly, the mining property SH2-08002X is located entirely on volcano-sedimentary sequences of Cretaceous age and between El Bagre and El Nus faults. The mining properties are in a well-known gold mining traditional sector dating back to pre-Hispanic times with presence of numerous currently active companies producing and/or exploring for gold such as Aris (current resources M&I 3,629M gold ounces @ 14.34g/t & Inferred 1,823M gold ounces @ 12.11g/t ?

from Aris Mining NI 43-101), Soma Gold, Sun Valley and Touchstone. As compensation for the Concession Contracts, the Company will pay a total amount of USD 400,000. The payment schedule is as follows: Payment 1 of USD 200,000 (USD 100,000 cash and USD 100,000 in shares of the Company, equating to 274,000 shares at a price per share of $0.50 CA per); Payment 2 paid six months after signing for USD 100,000; and Payment 3 made at twelve months after signing for USD 100,000.

The vendor of the Concession Contracts will retain a 3% Net Smelter Return on all four of the Concession Contracts, Quimbaya has the option to buy back the NSR for USD 1,000,000. These properties are being acquired from Mrs. Blanca Stella Frias.