MAITAMAC & BERRIO ASSETS

District-Scale Exploration Potential

Quimbaya Gold’s exploration activities are focused on advancing its flagship Tahami Project. Maitamac remains part of the Company’s longer-term exploration portfolio, while Berrio has been optioned for sale as part of Quimbaya’s strategy to monetize non-core assets, retain exposure to future upside and focus capital and technical resources on Tahami.

Berrio, Antioquia

Strategic Monetization of a Non-Core Asset

The Berrio Project is a non-core gold exploration asset located in Puerto Berrío, Antioquia, Colombia. In August 2026, Quimbaya entered into an option agreement providing for the sale of a 100% interest in the project for total consideration of up to US$3.75 million in cash and shares, if the option is exercised.
 
The transaction is designed to monetize value from a non-core asset while preserving Quimbaya’s share structure and sharpening the Company’s focus on its flagship Tahami Project. Quimbaya receives two non-refundable deposits totaling US$250,000 during the option period and, upon exercise and closing, would receive additional cash consideration and retain ongoing exposure through an approximately 19.9% equity interest in the purchaser.
 
Importantly, the transaction is non-dilutive to Quimbaya shareholders, with no new Quimbaya shares issued as consideration.
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Transaction Highlights

  • Option to sell a 100% interest in the non-core Berrio Project
  • Total consideration of up to US$3.75 million in cash and shares
  • US$250,000 in non-refundable deposits during the option period
  • Approximately 19.9% equity interest in the purchaser upon closing
  • Non-dilutive to Quimbaya shareholders
  • Enables greater capital and technical focus on the flagship Tahami Project
  • Retains ongoing exposure to potential future value through the equity interest

Berrio Asset

Maitamac, Abejorral, Antioquia

District-Scale Exploration Potential

The Maitamac Project is a 100%-owned exploration asset covering more than 33,000 hectares in Colombia's highly prospective Antioquia Department. The large land position provides exposure to multiple prospective geological trends with potential for polymetalic mineralization.

While exploration activities are currently focused on advancing the Company's flagship Tahami Project, Maitamac represents an important long-term growth opportunity within Quimbaya Gold's portfolio. The project provides strategic exploration optionality and the potential to support future discovery opportunities as the Company's exploration pipeline evolves.

exploration

Project Highlights

  • 100% owned by Quimbaya Gold
  • More than 33,000 hectares
  • Located in the Antioquia Department, Colombia
  • Prospective for polymetalic mineralization
  • Represents long-term exploration optionality
  • Complements the Company's district-scale exploration portfolio

While exploration activities are currently focused on advancing the Company's flagship Tahami Project, Maitamac represents an important long-term growth opportunity within Quimbaya Gold's portfolio. The project provides strategic exploration optionality and the potential to support future discovery opportunities as the Company's exploration pipeline evolves.

Maitamac Asset