Mr. Hector Gonzalez reports

CANDELARIA PROVIDES AN UPDATE ON INVESTOR RELATIONS AGREEMENT

At the request of the TSX Venture Exchange, Candelaria Mining Corp. has provided an update on a previously signed investor relations agreement with Investor News Network (INN).

On Nov. 8, 2021, the company announced the engagement of INN to generate investor leads and provide general marketing services to Candelaria. This marketing agreement ended on Nov. 13, 2022.

On July 25, 2022, the company entered into a new 12-month agreement with INN, during which INN provided services such as lead generation, press release syndication, website banner advertising and other marketing activities. The company agreed to pay INN a total of $36,000 in four equal instalments of $9,000 plus applicable taxes. The first payment was due 30 days after the campaign started, with the subsequent three payments due on the first day of each calendar quarter following the initial payment date.

The July, 2022, agreement had an ending date of Jan. 2, 2024.

INN is a company owned by Dig Media Inc., a private company with headquarters in Canada, the United States and Australia and is an arm's-length company based in Vancouver, B.C. INN is an investor lead generation and branding firm. As of the date hereof, INN does not have any interest, directly or indirectly, in the company or its securities nor any right to acquire such an interest. The July, 2022, agreement mentioned herein is subject to acceptance by the TSX-V.