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GCM Mining Declares Monthly Dividend to Be Paid on February 15, 2022

Corporate Actions

GCM Mining Declares Monthly Dividend to Be Paid on February 15, 2022

TORONTO, Jan. 17, 2022 -- GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced

today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on

February 15, 2022 to shareholders of record as of the close of business on January 31, 2022.

About GCM Mining Corp.

GCM Mining Corp. is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In

Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at

Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold/copper

projects in the Americas. The Company also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS)

(Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-

Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc.

(TSX-V: WA) (Nunavut – Meadowbank).

Additional information on GCM Mining can be found on its website at www.gcm-mining.com and by reviewing its profile on

SEDAR at www.sedar.com.

Cautionary Statement on Forward-Looking Information:

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to

the payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking

statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",

"estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and

phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be

achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the

actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or

achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ

materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the

Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com.

Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other

than as required by law, any obligation to update any forward-looking statements whether as a result of new information,

results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no

assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially

from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking

statements.

For Further Information, Contact:

Mike Davies

Chief Financial Officer

(416) 360-4653

[email protected]