Ms. Sarah Armstrong-Montoya reports

CORDOBA MINERALS APPOINTS NEW BOARD OF DIRECTORS AND ANNOUNCES VOTING RESULTS FROM ANNUAL GENERAL MEETING OF SHAREHOLDERS

At Cordoba Minerals Corp.'s annual general meeting of shareholders held on June 26, 2024, all directors nominated as listed in the management information circular dated May 15, 2024, were elected. Shareholders voted to set the number of directors at seven for the ensuing year.

Sarah Armstrong-Montoya, president and chief executive officer of Cordoba, is pleased to announce the appointment of Jordan Neeser as a non-independent director and Terry Krepiakevich as an independent director to the company's board.

"We welcome Jordan and Terry to join the Cordoba board," commented Ms. Armstrong-Montoya. "Their extensive experience and insights will be invaluable to the company as we continue to advancing the Alacran project into an operating copper mine in the near future while building our track record to distinguish ourselves as a mine developer and soon-to-be operator in the mining space."

Mr. Neeser is a finance executive with 20 years of experience in financial reporting, corporate development and corporate finance, primarily in the mining sector. Since November, 2022, Mr. Neeser has served as the chief financial officer of Ivanhoe Electric Inc. Previously Mr. Neeser was CFO and corporate secretary at Toronto Stock Exchange-listed Gold Standard Ventures from March, 2021, to August, 2022, when it was acquired by Orla Mining in August, 2022. Mr. Neeser was previously CFO of Conifex Timber from December, 2018, to March, 2021, and before that spent eight years with First Quantum as both group controller and director, business development. Mr. Neeser started his career with KPMG, is a chartered public accountant and chartered accountant, and holds a bachelor of commerce degree from the University of British Columbia, Vancouver, Canada.

Mr. Krepiakevich is a fellow of the British Columbia CPA Association and a certified member of the Institute of Corporate Directors. He has been a director and audit committee chair of Alexco Resource Corp., a TSX-listed and New York Stock Exchange-listed mineral resources company, from 2009 to 2022. He has also served as a member and chair of the compensation and governance committees for various listed companies.

Cordoba reports that shareholders voted in favour of the reappointment of Deloitte LLP as the auditor of the company for the ensuing year.

Disinterested shareholders have also approved certain amendments to the company's stock option plan (SOP), long-term incentive plan (LTIP) and deferred share unit (DSU) plan. The plans were updated to be in compliance with TSX Venture Exchange Policy 4.4, Security Based Compensation.

The company's SOP is a rolling plan pursuant to which the aggregate number of shares to be issued under the SOP shall not exceed 10 per cent of the company's issued and outstanding shares.

The company's LTIP and DSU plan are fixed plans pursuant to which the aggregate number of shares to be issued under the LTIP and DSU plan are fixed. The amendments to the LTIP and DSU plan increase the fixed number of shares issuable under both plans from an aggregate of 8,915,095 common shares to an aggregate 8,981,393 common shares, which is equivalent to 10 per cent of the issued and outstanding common shares of the company on the date of the circular.

For further information with respect to the amendments of the plans, please see the circular. The plans remain subject to final TSX Venture Exchange approval.

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, which it is exploring through a joint venture and earn-in agreement.