Mr. Alexandre Boivin reports

QUIMBAYA GOLD ADVANCES MULTI-TARGET EXPLORATION AT TAHAMI PROJECT, SEGOVIA

Quimbaya Gold Inc. has provided an update on its 2026 exploration program at the Tahami project (24,724 hectares) in Colombia's Segovia gold district, adjacent to Aris Mining's Segovia operations. The company is advancing work across three project areas with multiple catalysts expected in the coming months, and has engaged Red Cloud Financial Services Inc. for market awareness.

2026 exploration outlook

The company is executing across three targets:

• Tahami South: ground induced polarization and magnetic geophysics survey under way; 3-D modelling and updated geological interpretation in progress; new high-priority drill targets being defined;
• Tahami Center: assays pending from recent sampling; drone magnetic and IP surveys advancing; drill-ready targets being identified;
• Tahami Southeast: exploration campaign inaugurated; systematic surface mapping and data consolidation under way.

Near-term catalysts include geophysics and geochemistry results from multiple targets, updated geological models, and mobilization for approximately 15,000 metres of planned drilling.

Key highlights:

• Approximately $12-million treasury; fully financed for 2026, no near-term financing required;
• Active exploration across three targets: Tahami South, Tahami Center and Tahami Southeast;
• Phase 1 drilling complete at Tahami South; all 12 holes assayed;
• Multiple near-term catalysts: geophysics and geochemistry results, new drill targets, and approximately 15,000 m of drilling planned.

Alexandre P. Boivin, president and chief executive officer, stated: "The set-up is complete: district-scale ground position, experienced boots on the ground and strong treasury. Our next exploration steps will tell us what we have -- we're ready to systematically test this system."

Phase 1 drilling program complete at Tahami South

The company has received assay results for the final four holes (TSDH-009 through TSDH-012) of its phase 1 drilling program at Tahami South. These results confirm the presence and continuity of target vein structures at depth and along strike, completing the company's structural data set for the Tahami South target area. The phase 1 structural framework, integrated with surface geochemistry and geophysical data, will guide target prioritization for future drill campaigns across the district.

Red Cloud Financial Services Inc. engagement

The company has engaged Red Cloud to provide market awareness services for a monthly fee of $10,000 (plus applicable taxes) for a 12-month initial term commencing Jan. 12, 2026. Red Cloud and the company are arm's-length parties. Neither Red Cloud nor any of its directors or officers currently hold any securities of the company.

Qualified person

Ricardo Sierra, AusIMM, is a non-independent officer vice-president, exploration, and the qualified person for this news release. The scientific and technical content of this press release has been reviewed and approved by Mr. Sierra, who has sufficient experience with South American exploration projects relevant to the style of mineralization and type of deposit under consideration. He consents to the inclusion of the exploration results in the form and context in which they appear.

Cautionary note regarding adjacent property

This news release contains information regarding Aris Mining Corp.'s Segovia operations, which are adjacent to the company's Tahami project. Information regarding Aris Mining's Segovia operations has been sourced from publicly available disclosure and has not been independently verified by the company. Mineralization on Aris Mining's property is not necessarily indicative of mineralization on the company's property.

About Quimbaya Gold Inc.

Quimbaya Gold is a Colombia-focused exploration company advancing a district-scale portfolio of more than 66,000 hectares across highly prospective mineral belts in Antioquia, Colombia. Its flagship Tahami project, located in Segovia, is immediately adjacent to Colombia's most prolific high-grade gold mining camp while the Berrio and Maitamac projects are strategically positioned in Puerto Berrio and Abejorral, respectively. Early-stage exploration has identified extensive mineralized vein systems and confirmed the presence of a large, multicommodity porphyry system hosting gold, copper and molybdenum, highlighting the district-scale discovery potential of Quimbaya's land package. The company is led by a proven technical and management team committed to disciplined exploration and responsible mining practices.

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