File: '\\swfile\EmailIn\20240809 104814 Attachment 20240809 NR Marketing Dig Media.DOCX'

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

www.candelariamining.com

Candelaria provides an update on Investor Relations agreement

Vancouver, B.C., August 9, 2024 - Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) ("Candelaria" or the "Company"), at the request of the TSX Venture Exchange, is providing an update on a previously signed investor relations agreement with Investor News Network ("INN").

On November 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 November 13, 2022.

On July 25, 2022, the Company entered into a new twelve-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 installments of $9,000 plus applicable taxes. The first payment was due thirty 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 January 2, 2024.

INN is a company owned by Dig Media Inc., a private company with headquarters in Canada, the USA, and Australia, and is an arm's length company based in Vancouver, BC. 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 above is subject to acceptance by the TSX Venture Exchange.

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.