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Caldas Gold Corp
Symbol CGC
Shares Issued 99,800,162
Close 2021-02-02 C$ 2.44
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Caldas Gold gets Marmato mining extension to 2051

2021-02-02 19:06 ET - News Release

Mr. Serafino Iacono reports

CALDAS GOLD ANNOUNCES COMPLETION OF MARMATO MINING TITLE EXTENSION TO 2051

Caldas Gold Corp. has received official notification from the Agencia Nacional de Mineria (ANM) confirming that the 30-year extension of its Marmato mining contract 014-89M has been approved and has been registered in the Colombian National Mining Registry.

Serafino Iacono, chairman and chief executive officer of Caldas Gold, said: "We are very pleased to announce the successful conclusion of the mining title extension process. Marmato is a world-class project and our significant investment in the future expansion of its underground mining operations will benefit all stakeholders including our investors, the nation of Colombia, the department of Caldas and the local community at Marmato. We would like to take this opportunity to sincerely thank all those who were involved in this process over the last two years, including the minister of mines and the president and staff of the ANM."

About Caldas Gold Corp.

Caldas Gold is a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato project in the department of Caldas, Colombia. Caldas Gold also owns 100 per cent of the Juby project, an advanced exploration-stage gold project located within the Shining Tree area in the southern part of the Abitibi greenstone belt about 100 kilometres south-southeast of the Timmins gold camp. On Nov. 23, 2020, Caldas Gold announced it had entered into a transaction with a group of investors, principally referred by Aris Gold Corp., that resulted in an $85-million (Canadian) private placement completed on Dec. 3, 2020, and will result in changes to the management and the board of directors of the company as well as a change in the company's name to Aris Gold. The net proceeds of the Aris Gold private placement, the management and board changes and the company name change will all occur once certain escrow release conditions are met, including completion of the Marmato mining title extension.

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