Ms. Sarah Armstrong-Montoya reports

CORDOBA MINERALS GRANTS EQUITY INCENTIVE AWARDS

Pursuant to Cordoba Minerals Corp.'s stock option plan, long-term incentive plan and deferred share unit plan, the board of directors has approved an aggregate of 2,374,932 stock options, 1,054,556 restricted share units and 379,744 deferred share units, respectively, to its directors, certain officers, consultants and employees to acquire up to an aggregate of 3,809,232 common shares in the capital of the company.

Cordoba granted 2,374,932 stock options to directors, certain officers, consultants and employees to purchase up to an aggregate 2,374,932 common shares of the company. The stock options are exercisable at a price of 39.5 cents per common share and will vest one-third six months after the date of the grant, with an additional one-third vesting 12 months after the date of grant and the remaining one-third vesting two years after the date of grant. The vesting schedule for stock options granted to investor relations employees will vest as to two-thirds after 12 months after the date of grant and the remaining one-third two years after the date of grant. The stock options expire on April 9, 2029.

Cordoba granted 1,054,556 RSUs to certain officers, consultants and employees that will vest as to one-third on each of the first, second and third anniversaries of the date of the grant.

Cordoba granted 379,744 DSUs, which are solely awarded to the directors and will be redeemable upon the retirement or replacement of a director.

About Cordoba Minerals Corp.

Cordoba is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacran project with JCHX Mining Management Co. Ltd., located in the department of Cordoba, Colombia. Cordoba also holds a 51-per-cent interest in the Perseverance copper project in Arizona, United States, which it is exploring through a joint venture and earn-in agreement.