Mr. Alexandre Boivin reports

QUIMBAYA GOLD APPOINTS GEOLOGIST AND MINING EXECUTIVE DR. MARK CRUISE TO THE BOARD OF DIRECTORS

Dr. Mark Cruise, PGeo, ICDD, was elected to Quimbaya Gold Inc.'s board of directors at its annual general meeting held on June 23, 2026. Dr. Cruise joins as a non-independent director and has been appointed to the board's technical committee, following his engagement as the company's technical adviser in March, 2026.

Highlights:

• Dr. Mark Cruise, PGeo, ICDD -- a professional geologist and mining executive with 30 years of international experience -- was elected to the board of directors as a non-independent director and appointed to the board's technical committee.
• Dr. Cruise combines hands-on exploration, project development and mine-building experience with capital markets depth, having served as a public-company chief executive officer, raising in excess of $1-billion (U.S.) in equity and debt over his career.
• Shareholders elected all five director nominees and approved every item of business at the annual general meeting held on June 23, 2026; the number of directors was set at five.
• Dr. Cruise joins as drilling advances at Tahami Center, with the first drill geological interpretation expected in Q3 2026 and initial geochemical assay results to follow.

Alexandre P. Boivin, chief executive officer and director, Quimbaya Gold:

"We are drilling at Tahami Center, and we expect initial results this summer. To get to the next level from here, we have to keep raising the calibre of the people around the table -- and Mark was one of the pieces we wanted in place. A geologist who can read our drill results and an executive who understands capital markets is exactly the bridge we need to attract the right investors and strategic partners as this story develops. Strengthening the board now means that when results arrive, we are ready to build on them."

Building the board for the next phase

Quimbaya commenced drill testing of the Tahami Center porphyry system in June, 2026, and expects the first geological results this summer. Dr. Cruise's appointment is a deliberate step to strengthen the team ahead of those results -- adding a director who is both a geologist able to interpret what the drill returns and an executive who has financed and built mining companies through the cycle. As the company advances from confirming the system to expanding it, it intends to keep raising the calibre of its board, technical and capital markets capabilities to support the next stage of growth and to attract the right investors and strategic partners.

Dr. Cruise is a professional geologist with 30 years of international experience spanning early stage exploration through mine development and operation across the Americas, Europe and Africa. He has served as a founding president and chief executive officer, and separately as chief operating officer and chief executive officer, of publicly listed producers and developers, and has raised in excess of $1-billion (U.S.) in equity and debt over his career. He began his career with Anglo American's global exploration division and has served on the boards of TSX Venture Exchange-, Toronto Stock Exchange- and NYSE-American-listed companies for more than 15 years, including as board chair and lead independent director. Dr. Cruise holds a PhD in economic geology from Trinity College Dublin, is a professional geologist (PGeo) with the Institute of Geologists of Ireland, and holds the ICDD designation from the Institute of Corporate Directors (Canada).

Dr. Mark Cruise, PGeo, ICDD, director, Quimbaya Gold:

"Quimbaya one of the largest active junior exploration companies in Colombia, an emerging, underexplored copper-gold region with Tier 1 discovery potential. Alexandre and his team have assembled a high-quality gold and copper portfolio in established but underexplored productive mining camps. I've been fortunate in my career to turn discoveries into operating mines and finance them through the cycle and Quimbaya has all the ingredients -- quality people, properties and discovery potential to build a successful exploration company with multiple opportunities to create value. With discovery drilling underway at Tahami Center, my role on the board is to help support the team convert geological results into the capital and the partnerships that take this company to its next stage."

Results of the annual general meeting

At the annual general meeting held on June 23, 2026, shareholders approved all items of business put before the meeting. Shareholders set the number of directors at five and elected each of the five nominees: Mr. Boivin, Juan Fernando Sanchez, Pietro Solari, Sebastian Wahl and Dr. Cruise. Shareholders also approved the appointment of MNP LLP as the company's auditor for the ensuing year. Detailed results of the vote will be filed under the company's profile on SEDAR+.

Building the team to match the opportunity

Dr. Cruise's appointment reflects a clear sequence: the porphyry system at Tahami Center was independently confirmed by Dr. Stewart Redwood in January, 2026; drill testing commenced in June, 2026; and the company now expects its first geological results from the drill bit in Q3 2026, followed by initial geochemical assays. As those catalysts approach, Quimbaya intends to keep strengthening its board, technical and capital markets capabilities -- building the team required to convert exploration results into long-term value for shareholders.

About Quimbaya Gold Inc.

Quimbaya Gold is a Colombia-focused exploration company advancing a district-scale portfolio of more than 73,000 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 documented features consistent with a large, multicommodity porphyry system prospective for 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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