Completion Of NI 43-101 Feasibility Study For Alacran Project

VANCOUVER - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. said, “The Company has completed a Feasibility Study prepared in accordance with the National Instrument 43-101 - Standards of Disclosure for Mineral Projects (NI 43-101) for the Alacran Project. The Board of Directors for Cordoba unanimously approved the completion and filing of the Feasibility Study on December, 14, 2023. Information from the Feasibility Study has been used as the basis for the Environmental Impact Assessment (EIA).

The Alacran Project is situated in the municipality of Puerto Libertador, which is approximately 390 km northwest of Bogotá, and 160km north of Medellín in Colombia, amongst 22 mining concessions owned by the Company, of which, 5 licenses are part of the Alacran Project. The Company conducted several exploration programs between 2012 and 2023, consisting of geological mapping, geochemical sampling, geophysical surveys, and various drilling campaigns, that supported the completion of the 2019 Preliminary Economic Assessment, the 2022 Pre-Feasibility Study, and the current 2023 Feasibility Study, which marks the beginning of the development phase for the Project.