Mr. Alexandre Boivin reports

QUIMBAYA GOLD EXPANDS TAHAMI LAND POSITION BY 37% TO 43,496 HECTARES

The land position at Quimbaya Gold Inc.'s flagship Tahami project in the Segovia district of Antioquia, Colombia, increased by approximately 37 per cent during 2026, from 31,650 hectares to 43,496 hectares, following the addition of 10 mineral applications covering 11,845.6 hectares.

Tahami lies immediately adjacent to Aris Mining's Segovia operation, in one of Colombia's longest-established gold mining districts. Securing new mineral tenure in Antioquia is slow and competitive. The company added this ground over months while running two drill programs at Tahami.

Highlights:

• Tahami land position up approximately 37 per cent during 2026, from 31,650 hectares to 43,496 hectares;
• 10 mineral applications covering 11,845.6 hectares, all recorded as current in the Colombian national mining cadastre;
• Immediately adjacent to Aris Mining's Segovia operation and within the same Jurassic Segovia batholith that hosts the district's quartz vein gold deposits;
• Phase 2 drilling is in progress on the high-grade silver and gold vein targets at Tahami South, and assay results from the remaining phase 1 holes at Tahami Center are expected in December, 2026.

Management commentary

Alexandre P. Boivin, chief executive officer and director, commented: "We grew Tahami by more than a third this year, in a district where ground does not come easily, and where Aris Mining produce approximately 250,000 ounces of gold yearly at its Segovia operation immediately next to us. The old adage in exploration holds true: The best place to find a mine is next to a mine. At Tahami South, we have already intersected both of the vein systems we set out to test, and we are drilling them again now. That is the business: Find the ground, secure it and drill it. We did it while running two drill programs, and, earlier this year, we placed Berrio under option for up to $3.75-million (U.S.) without issuing a single Quimbaya share."

Land position

The company filed 10 mineral applications covering 11,845.6 hectares during 2026, taking the Tahami project from 31,650 hectares to 43,496 hectares, an increase of approximately 37 per cent.

The new ground extends the position to the north and to the south of the company's existing titles. All areas described in this news release are within the Tahami project. They do not include the company's other projects or mineral tenure elsewhere in Colombia.

Exploration program and outlook

Drilling is continuing on the gold-silver vein targets at Tahami South. Assay results for the phase 1 holes at Tahami Center not yet reported and are expected in December, 2026.

Expanding the land position is a continuing part of the company's strategy. Quimbaya targets ground in established mineral belts where historical workings, prior exploration or early-stage geological information provide a starting point and where tenure can be secured ahead of wider recognition. The company continues to review opportunities within the Tahami project and elsewhere in Colombia, and will report material additions separately.

Qualified person and technical information

Ricardo Sierra, AusIMM, vice-president, exploration, of the company, is a qualified person as defined under National Instrument 43-101, is not independent of the company, has reviewed and approved the scientific and technical information contained in this news release, and has verified the data disclosed herein. Tenure information is derived from the Colombian national mining cadastre (Sistema de Informacion Minero Colombiano) and from the company's internal records. A mineral application is not a granted mining title and confers no right to conduct exploration or mining operations, and no assurance can be given that any application will be granted. This news release refers to nearby or adjacent mines, deposits and operations, including Aris Mining's Segovia operation and its production. That information is derived from public sources, the company has no interest in those properties, and mineralization and production on neighbouring or adjacent properties are not necessarily indicative of mineralization on the company's properties.

About Quimbaya Gold Inc.

Quimbaya Gold is a Colombia-focused exploration company advancing a district-scale portfolio of more than 80,000 hectares across highly prospective mineral belts in Antioquia, Colombia. Its flagship Tahami project, located in Segovia, is immediately adjacent to a prolific high-grade gold mining camp while the Berrio and Maitamac projects are strategically positioned in Puerto Berrio and Abejorral, respectively, with Berrio under option. Early-stage exploration has identified mineralized vein systems and documented features consistent with a multicommodity porphyry system prospective for gold, copper and molybdenum, highlighting the district-scale discovery potential of Quimbaya's land package. The company is led by a proven technical and management team committed to disciplined exploration and responsible mining practices.

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