Mr. Hector Gonzalez Ramirez reports

CANDELARIA ANNOUNCES DELAY IN FILING ANNUAL FINANCIAL STATEMENTS

Candelaria Mining Corp.'s annual financial statements for the year ended April 30, 2025, including the related management's discussion and analysis, and chief executive officer and chief financial officer certifications, were not filed by the required filing deadline of Aug. 28, 2025.

The company's auditor requires additional time to complete its audit, and, as a result, the annual financial silings were not filed on or before the filing deadline. The delay in completing the annual financial filings was mainly the result of challenges with updating the company's accounts following the completion of the disposition of certain Mexican subsidiaries by the company.

The company is working on the steps required to complete the annual financial filings and expects to be able to file the annual financial filings by Sept. 28, 2025. The company will provide updates as further information relating to the annual financial filings becomes available.

The company has applied to the applicable securities regulatory authorities and received a management cease trade order (MCTO) imposed against the CEO and CFO of the company precluding them from trading securities of the company. The MCTO will be in effect until the annual financial filings are filed and requires that the annual financial filings be filed on or before Oct. 27, 2025.

Until the annual financial filings are filed, the company intends to issue biweekly default status reports in accordance with National Policy 12-203, Management Cease Trade Orders. The company intends to satisfy the provisions of the alternative information guidelines during the period it remains in default of the filing requirements. The company confirms that there is no other material information relating to its affairs that has not been generally disclosed.

We seek Safe Harbor.