Medellin, Colombia – October 16, 2024 – Mineros S.A. (TSX:MSA, MINEROS:CB) (“Mineros” or the “Company”) announces that the Colombian Superintendent of Finance (“SFC”) has issued a public notice (the “SFC Notice”) announcing the submission to the SFC of an application to make a public tender offer in Colombia to acquire between 8.50% and 10.63% of the issued and subscribed ordinary shares of Mineros (“Mineros Shares”) through the facilities of the Colombia Stock Exchange (“BVC”) at an offering price of C$0.975 per share, payable in cash in Colombian pesos or U.S. dollars (the “Offer”).

In accordance with Colombian laws regulating public tender offers, the SFC Notice was issued following the receipt by the SFC of notice of the offeror’s intention to make the Offer, together with supporting documentation for review. The Offer cannot be made or accepted by shareholders until it is approved by the SFC and additional prescribed requirements are satisfied. Receipt of SFC approval will be contingent on the offeror satisfying the SFC that the Offer complies with applicable regulations, and complying with certain formalities, including providing a performance guarantee covering a certain percentage of the aggregate purchase price for the Mineros Shares that are the subject of the Offer.

The SFC is required to provide comments on the Offer to the offeror within five business days after receiving the offeror’s submission (the “Initial Comment Period”). Colombian laws require the offeror to publish notice of the Offer (an “Offer Notice”) within five business days following expiry of the Initial Comment Period if SFC does not provide comments or within five business days following the SFC authorization of the Offer, and two additional times. In accordance with Colombian laws, trading in Mineros Shares on the BVC was halted upon the issuance of the SFC Notice, and will remain suspended until the day following the first publication of the Offer Notice. The Company does not expect trading in Mineros Shares on the TSX to be halted.