Cordoba Minerals Announces Upsize of Non-Brokered Private Placement

Cordoba Minerals Announces Upsize of

Non-Brokered Private Placement

TORONTO, ONTARIO, February 19, 2019: Cordoba Minerals Corp. (TSX-V:CDB;

OTCQX:CDBMF) (“Cordoba” or the “Company”) announces that it proposes to increase its

previously announced non-brokered private placement (the “Offering”) (refer to Cordoba’s news

release dated February 14, 2019) by an additional 5,000,000 units of the Company (the “Units”)

at a price of $0.10 per Unit. The Offering will be for up to 25,000,000 Units, for gross proceeds

of up to $2,500,000. As previously announced, each Unit will consist of one common share

(“Share”) of the Company and one common share purchase warrant (“Warrant”). Each Warrant

will entitle the holder, on exercise, to purchase one Share for a period of 24 months following

the closing date of the initial tranche of the Offering at the exercise price of $0.12 per Share.

Net proceeds from the Offering will be used to advance exploration activities at the

Perseverance Project in Arizona, USA, where recent drilling has indicated proximity to a

Laramide porphyry copper system (refer to Cordoba’s news release dated January 21, 2019),

and will include continuation of drilling activities and preparation and permitting for geophysical

surveys, including HPX’s Typhoon™ technology. Remaining funds will be used for general

corporate purposes.

Closing of the Offering is expected to be completed in tranches and is subject to TSX Venture

Exchange approval. The initial closing will close as soon as practicable and the final tranche is

expected to close before March 1, 2019. The securities issued pursuant to the Offering will be

subject to a four-month hold period. The Company may pay eligible finders assisting in the

Offering a fee in cash and/or securities equal to 7% of the gross proceeds raised by such

finders.

About Cordoba Minerals

Cordoba Minerals Corp. is a Toronto-based mineral exploration company focused on the

exploration and acquisition of copper and gold projects. Cordoba is currently focused on its

100%-owned San Matias Copper-Gold Project, which includes the advanced-stage Alacran

Deposit, located in the Department of Cordoba, Colombia. Cordoba has also entered into a

Joint Venture and Earn-In Agreement to explore the Perseverance copper porphyry project

located in Arizona, USA. For further information, please visit www.cordobaminerals.com.

ON BEHALF OF THE COMPANY

Mario Stifano, President and CEO

Cordoba Minerals Corp.

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For further information, please contact:

Evan Young, Director, Investor Relations

Email: [email protected]

Phone: +1 (647) 808-2141

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release includes “forward-looking statements” and “forward-looking information” within the

meaning of Canadian securities legislation. All statements included in this news release, other than

statements of historical fact, are forward-looking statements including, without limitation, all statements

regarding the timing and completion of the Offering at a price of $0.10 per Unit for gross proceeds to

Cordoba of up to $2.5 million; statements regarding the proposed use of proceeds from the Offering; that

future exploration could result in the discovery of a significant porphyry copper deposit; that Cordoba will

fully execute its option to earn into an 80% interest in the Perseverance porphyry copper project; that the

use of Typhoon™ and/or other geophysics will define the location of the porphyry at Perseverance which

could direct future drilling. Forward-looking statements include predictions, projections and forecasts and

are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate",

"expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will",

"should", "could" or "might" occur or be achieved and other similar expressions and includes the

negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered

reasonable by management based on the business and markets in which Cordoba operates, are

inherently subject to significant operational, economic, and competitive uncertainties, risks and

contingencies. There can be no assurance that such statements will prove to be accurate and actual

results, and future events could differ materially from those anticipated in such statements. Important

factors that could cause actual results to differ materially from the Company's expectations include actual

exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project

parameters as plans continue to be refined, future metal prices, availability of capital and financing on

acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes,

delays or inability to receive required approvals, and other exploration or other risks detailed herein and

from time to time in the filings made by the Company with securities regulators, including those described

under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A. The Company

does not undertake to update or revise any forward-looking statements, except in accordance with

applicable law. Readers are cautioned not to put undue reliance on these forward-looking statements.