File: '\\swfile\EmailIn\20240729 230124 Attachment 20240729 NR Change of directors.DOCX'

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Suite 410 - 1111 Melville St, Vancouver, British Columbia, V6E 3V6, Canada

www.candelariamining.com

CANDELARIA ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS

Vancouver, B.C., July 30, 2024 - Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) ("Candelaria" or the "Company") announces changes to its Board of Directors.

Mr. Manuel Gomez has resigned as a director of the Company, effective June 30, 2024, as he has reached retirement age and will no longer be able to dedicate time to his professional activities at the Company.

Mr. Javier Montano has resigned as a director of the Company, effective July 15, 2024, due to personal reasons.

Effective July 18, 2024, Luis Chavez and Alejandro Arteaga have been appointed to the Company's Board of Directors.

Luis Chavez is an attorney at law with over 15 years of international mining experience. He is currently the CEO of H Vesper and has also worked as a corporate lawyer for GCC, S.A.B. de C.V., a successful cement company in the US, as well as holding positions within the legal departments of Hard Rock Consulting, Intercontinental Potash Corp, and Dia Bras Exploration Inc. (now Sierra Metals Inc.). Mr. Chavez holds a Bachelor of Law degree and a Master of Laws in Natural Resources and Environmental Law and Policy.

Alejandro Arteaga is a seasoned professional with extensive experience in geological, geophysical, geotechnical, geohydrological, and environmental studies. He has significant expertise in drilling deep wells to supply groundwater to rural populations, agricultural and livestock ranches, and industries.

The Company wishes to thank Manuel and Javier for their valuable contributions and wishes them success in their future endeavors. The Company also welcomes Luis and Alejandro to its Board of Directors.

On Behalf of Candelaria

Hector Felix Gonzalez Ramirez

Interim CEO and director

For further information, please contact:

Omar Garcia

CFO

+1 (604) 369-2928 | info@candelariamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.