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Cordoba Minerals Provides Update on Proposed Sale of the Alacrán Project VANCOUVER, BRITISH COLUMBIA – Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) (“Cordoba” or the “Company”) announces that not all conditions have been satisfied by the outside date of December 31,

Mergers & Acquisitions

www.cordobaminerals.com | 1

TSX.V: CDB | OTCQB: CDBMF

FOR IMMEDIATE RELEASE January 2, 2026

Cordoba Minerals Provides Update on Proposed Sale of the Alacrán Project

VANCOUVER, BRITISH COLUMBIA – Cordoba Minerals Corp. (TSXV:CDB; OTCQB:CDBMF) (“Cordoba” or the

“Company”) announces that not all conditions have been satisfied by the outside date of December 31,

2025 in connection with the sale of the Company’s remaining 50% interest in the Alacrán Project, along

with all of the Company’s other exploration assets in Colombia and certain accounts receivable (the

“Transaction”) to be completed pursuant to the framework agreement (the “Framework

Agreement”) dated May 8, 2025 . The Framework Agreement has not been terminated and remains in

effect. Cordoba will continue to pursue completion of the conditions required for closing the Transaction

while considering all alternatives for the advancement of the Alacrán Project.

For more information, please refer to the Company’s previously issued news releases dated May 8, 2025,

June 3, 2025, August 19, 2025, and September 15, 2025, the Company’s Management Information Circular

dated August 11, 2025 and the Framework Agreement, which are available on the Company’s SEDAR+

profile at sedarplus.ca .

About Cordoba

Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and

acquisition of copper and gold projects. Cordoba is jointly developing the Alacrán Project with JCHX Mining

Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a 51%

interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture

and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.

ON BEHALF OF THE COMPANY

Sarah Armstrong-Montoya, President and Chief Executive Officer

Information Contact

[email protected]

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, statements with respect to the Transaction, including

the completion of the Transaction, the Framework Agreement remaining in effect, and advancement of the Alacrán

project. Forward-looking statements include predicti ons, 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

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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 tit le to mineral property risks; reliability of Mineral Resource and Mineral Reserve

estimates; going concern risks; the availability of capital and financing generally for the development of the Alacrán

Project; a deterioration of security on site in Colombi a or actions by the local community that inhibits access and/or

ability to productively work on site; community relations and construction activities; fluctuations in the price of metals

and the anticipated future prices of such metals; stock market volati lity; unanticipated changes in general business

and economic conditions or conditions in the financial markets; certain shareholders exercising significant control

over the Company; foreign entity risks; loss of key personnel; negative operating cash flow; changes in interest or

currency exchange rates; risks related to foreign operation including changes to taxation, social unrest, and changes

in national and local government legislation; regulatory risks; uninsured risks; environmental risks; competition; risks

related to participation in joint ventures; legal disputes or unanticipated outcomes of legal proceedings; changing

global financial conditions; force majeure; conflicts of interest; cyber security incidents; and the potential effects of

international conflicts on the Company’s business; human error, 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.

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

accept responsibility for the adequacy or accuracy of this release.