Mr. Santiago Cardona Munera reports

MINEROS S.A. LEADS CONSTRUCTION OF NEW PUBLIC SCHOOL IN COLOMBIA'S BAJO CAUCA REGION, ADVANCING SOCIAL INVESTMENT IN NECHI OPERATIONS

Mineros S.A. has broken ground on a new public secondary school -- Institucion Educativa El Bagre -- in the municipality of El Bagre, Antioquia, located within the company's Nechi alluvial property operating footprint in the Bajo Cauca region of Colombia.

Management commentary

"Investing in education in the communities where we operate is fundamental to how we understand responsible mining," said Santiago Cardona Munera, vice-president for Colombia operations of Mineros S.A. "The works-for-taxes mechanism is one of the most effective tools available to Colombian corporate taxpayers for closing development gaps in postconflict territories. This project -- three years in the making -- reflects the power of structured public-private alliances when they are grounded in a long-term territorial commitment."

The Institucion Educativa El Bagre is one of several community investment initiatives Mineros is advancing in the Bajo Cauca region in partnership with Proantioquia's OxI platform, the government of Antioquia, the municipality of El Bagre, the Agency for Territorial Renewal (ART) and Colombia's Ministry of National Education.

The project represents a total investment of approximately 38.7 billion Colombian pesos (approximately $9.1-million (U.S.) at current exchange rates), of which Mineros is the principal contributor and project manager. EPM, Grupo Argos and Grupo Nutresa are participating as strategic co-investors. Upon completion, the new campus will serve more than 1,080 students. Construction is expected to take approximately 18 months, during which students will continue classes at alternate facilities to safeguard academic continuity.

Project specifications

Built on a 5,667-square-metre site with approximately 11,000 square m of new infrastructure, the school will feature modern classrooms, a community-access library, a multisport court, an arts studio, an audiovisual laboratory, and dedicated physics and chemistry laboratories. The design standard is without precedent for the Bajo Cauca region and aims to deliver educational conditions comparable to those available in Colombia's major urban centres.

Works-for-taxes: a tax-efficient framework for community investment

The project is structured under Colombia's Obras por Impuestos (works-for-taxes) mechanism -- a tax instrument that allows qualifying companies to allocate a portion of their corporate income tax liability to high-impact social infrastructure in PDET municipalities (Programs for Development with a Territorial Approach, designated under Colombia's postconflict framework). The mechanism converts mandatory tax expenditure into tangible, measurable community investment within the company's operating jurisdictions, producing a durable social licence dividend at no incremental after-tax cost.

About Mineros S.A.

Mineros is a Latin American gold mining company with producing assets in Colombia (the Nechi Alluvial property) and Nicaragua (the HEMCO property), and development-stage assets including La Colosa (Tolima, Colombia), La Pepa (Atacama, Chile) and the Porvenir polymetallic project (Nicaragua). The company is listed on the Toronto Stock Exchange (TSX: MSA), OTCQX (OTCQX: MNSAF) and the Colombian Stock Exchange (BVC: MINEROS).

Election of directors -- electoral quotient system

The company has received an exemption from the individual and majority voting requirements applicable to TSX-listed issuers. Compliance with such requirements would conflict with Colombian laws and regulations, which require directors to be elected from a slate of nominees under an electoral quotient system. Additional details are available in the company's most recent annual information form, accessible on the company's website and on SEDAR+.

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