Mineros Acquires Legal Ownership of 20% Interest IN LA Pepa Project Joint Venture
www.mineros.com.co
MINEROS ACQUIRES LEGAL OWNERSHIP OF 20% INTEREST IN LA PEPA PROJECT JOINT VENTURE
Medellin, Colombia – December 22, 2021 – Mineros S.A. (TSX:MSA, MINEROS:CB) (“Mineros” or
the “Company”) is pleased to announce that it has, through its subsidiary, Mineros Chile SpA
(“Mineros Chile”), acquired shares representing 20% of the issued capital of Minera Cavancha
SpA (“Minera Cavancha”), a joint venture entity that holds a 100% interest in the La Pepa
Project (the “Share Acquisition”). Concurrently with such acquisition, Mineros Chile, Minera
Yamana Chile SpA (“Minera Yamana”), a subsidiary of Yamana Gold Inc. (“Yamana”), and Minera
Cavancha entered into a shareholder agreement dated December 20, 2021, pertaining to Minera
Cavancha and operations at the La Pepa Project (the “La Pepa Shareholder Agreement”).
The Share Acquisition and entry into the La Pepa Shareholder Agreement follow the Company’s exercise
on June 25, 2021, of its option to acquire a 20% beneficial interest in the La Pepa Project under an option
agreement dated December 14, 2018, and effective as of July 2, 2019, between the Company, Mineros
Chile, Yamana, and Minera Cavancha (the “La Pepa Option Agreement”). Under the La Pepa Option
Agreement, the Company has the option to earn an additional 31% interest (for an aggregate 51%
interest) in the La Pepa Project subject to incurring certain expenditures and other conditions, and
thereafter to acquire Yamana’s remaining 49% interest in Minera Cavancha at fair market value. For
further information, see the final prospectus of the Company dated November 11, 2021, available on
SEDAR at www.sedar.com.
ABOUT THE LA PEPA PROJECT
The La Pepa Project is an advanced gold exploration project located in the Maricunga Gold Belt in northern
Chile. Mineros is exploring the La Pepa Project with the ob jective of developing and expanding a porphyry-
style gold system, similar to other gold systems in the Maricunga Gold Belt.
ABOUT MINEROS S.A.
M
ineros is a Latin American gold mining company headquartered in Medellin, Colombia. The Company
has a diversified asset base, with mines in Colombia, Nicaragua and Argentina and a pipeline of
development and exploration projects throughout the region.
The board of directors and management of Mineros have extensive experience in mining, corporate
development, finance and sustainability. Mineros has a long track record of maximizing shareholder value
and delivering solid annual dividends. For almost 50 years Mineros has operated with a focus on safety
and sustainability at all our operations.
Mineros’ common shares are listed on the Toronto Stock Exchange under the symbol “MSA”, and on the
Colombia Stock Exchange under the symbol “MINEROS”.
www.mineros.com.co
For further information, please contact:
Fiona Childe
Investor Relations
(647) 496-3011
Patricia Ospina
Investor Relations Manager
(+57) 42665757
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking information" and "forward-looking statements" (collectively,
"forward-looking information") within the meaning of applicable securities laws. In some cases, forward-
looking information can be identified by the use of forward-looking terminology such as "plans", "targets",
"expects", "budgets", "scheduled", "estimates", "ou tlook", "forecasts", "projects", "prospects",
"strategy", "intends", "anticipates", "believes", or variations of such words and phrases or statements that
certain actions, events or results "may", "could", "would", "might", or "will" occur. In addition, any
statements that refer to expectations, intentions, projections or other characterizations of future events
or circumstances contain forward-looking informatio n. Statements containing forward-looking
information are not historical facts but instead re present management's expectations, estimates and
projections regarding future events or circumstances. The forward-looking information contained herein
includes, but is not limited to, information relating to exploration of the La Pepa Project, and any f uture
exercise of rights under the La Pepa Option Agreement.
Forward-looking information is necessarily based on opinions, estimates and assumptions that, while
considered by the Company to be appropriate and rea sonable as of the date of this press release, are
subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or a chievements to be materially different from those
expressed or implied by such forward-looking inform ation. Such risks and uncertainties include, but ar e
not limited to, the results of mineral exploration, market conditions, the price of gold, currency
fluctuations, and the factors discussed under “Risk Factors” in the final prospectus of the Company dated
November 11, 2021 (the “Final Prospectus”), availab le on SEDAR at www.sedar.com. In addition, there
may be other risk factors not presently known to the Company or that the Company presently believes is
not material. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions
underlying forward-looking information prove incorrect, actual results or future events might vary differ
materially from those expressed in such forward-loo king information. Accordingly, readers should not
place undue reliance on forward-looking information.
Forward-looking information contained in this press release represents the Company's expectations as of
the date of this press release (or as of the date they are otherwise stated to be made), and are subject to
change after such date. The Company disclaims any i ntention or obligation or undertaking to update or
revise any forward-looking information whether as a result of new information, future events or
otherwise, except as required under applicable securities laws.