Cordoba Minerals Corp. (TSXV:CDB) Announces Update on Alacrán Project Transaction

Vancouver, British Columbia — January 2, 2026 — Leads & Copy — Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) has announced that the sale of the Company’s remaining 50% interest in the Alacrán Project may not be completed. The outside date of December 31, 2025, has passed without all conditions being satisfied in connection with the sale of the Company’s remaining 50% interest in the Alacrán Project, along with all of the Company’s other exploration assets in Colombia and certain accounts receivable (the “Transaction”).

The transaction was to be completed pursuant to the framework agreement (the “Framework Agreement”) dated May 8, 2025. The Framework Agreement has not been terminated and remains in effect.

Cordoba will continue to pursue completion of the conditions required for closing the Transaction while considering all alternatives for the advancement of the Alacrán Project.

More information can be found in the Company’s previously issued news releases dated May 8, 2025, June 3, 2025, August 19, 2025, and September 15, 2025, the Company’s Management Information Circular dated August 11, 2025 and the Framework Agreement, which are available on the Company’s SEDAR+ profile at sedarplus.ca.

Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacrán Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a 51% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement.

Sarah Armstrong-Montoya, President and Chief Executive Officer

Contact: comms@cordobaminerals.com

Source: Cordoba Minerals Corp.

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