Medellin, Colombia – November 15, 2024 – Mineros S.A. (TSX:MSA, MINEROS:CB) (“Mineros” or the “Company”) announces that the Colombian Superintendent of Finance (the “SFC”) has accepted the application made by Sun Valley Investments AG (“Sun Valley”) on October 16, 2024 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”).

The acceptance period for the Offer will start on November 20, 2024 and end on December 3, 2024, but may be extended for up to 20 additional business days, in accordance with applicable Colombian laws.

Sun Valley currently owns 74.904.378 Mineros Shares representing 24.9% of the issued and outstanding.

In accordance with Colombian laws, trading in Mineros Shares on the BVC, which was halted since October 16, 2024, when the SFC issued a public notice announcing Sun Valley’s application to make a public tender offer, resumed trading on November 14, 2024. Trading in Mineros Shares on the Toronto Stock Exchange (“TSX”) was not halted in connection with the Offer, and is expected to continue unaffected.