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Investor Relations Agreement

Marketing Announcement

Quimbaya Gold Inc. Announces Investor Relations Agreement

https://www.quimbayagold.com/

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, May 29, 2023 /CNW/ - Quimbaya Gold Inc. (CSE: QIM) ("Quimbaya") is pleased to

announce that it has entered into an Investor Relations Agreement (the “Agreement”) with Pietro Solari

(address: Torre de las Americas -C2909- (Punta Pacifica) Panama City, Panama; email:

[email protected]; phone: +1-647-576-7135) for Services (as defined below) for up to six months,

commencing June 1, 2023.

Mr. Solari shall, as appropriate, design and implement a more flexible investor communications program,

produce and disseminate collateral and information materials to the investment community, assist in

developing interest for future financings, manage shareholder inquiries, initiate contact with retail and

institutional brokers, participate in road shows in areas as suited, assist in promotional activities of

Quimbaya, and assist with marketing material conceptualization (the “Services”). The promotional activity

shall occur via phone, email, and in person. Mr. Solari does not have any prior relationship with Quimbaya.

In consideration for the Services, Quimbaya shall pay Mr. Solari CAD$5,000.00 per month (plus applicable

taxes) and grant Mr. Solari 50,000 stock options (the “Options”) at a price of $0.35. The Options shall vest

immediately upon grant and will expire on the date that is 2 years from the date of grant.

About Mr. Solari

Mr. Solari’s first professional experience was in 1980 as Treasurer of United Mining Corporation, an OTC

listed company which consolidated and mined the old Comstock Lode in Virginia City NV USA. With a

banking career spanning 40 years, such as with Rothschild’s, Merrill Lynch, he now spends most of his

time investing in Private Equity Deals in Financial Services, Technology, Agroindustry, and Mining. He

brings extensive experience in capital markets having raised capital for numerous business ventures in

Latin America.

About Quimbaya

Quimbaya aims to consolidate gold reserves through exploration and acquisition of mining properties in

Antioquia, Colombia. Managed by an experienced team in mining sector, Quimbaya is focused on its Berrio

Project in Antioquia, in which the company owns over 1218 hectares of prospective high-grade gold lands.

Antioquia is among the most prolific areas for gold in Colombia.

Cautionary Statements

Certain statements contained in this press release constitute "forward-looking information" as that term is

defined in applicable Canadian securities legislation. Forward-looking information by its nature is based on

assumptions and involve known and unknown risks, uncertainties and other factors which may cause the

actual results, performance or achievements of the Company to be materially different from any future

results, performance or achievements expressed or implied by such forward-looking statements or

information. Although Quimbaya's management believes that the assumptions made and the expectations

represented by such information are reasonable, there can be no assurance that the forward-looking

information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other

factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially

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from those described in forward-looking statements or information. Except as required by law, Quimbaya

does not expect to update forward-looking statements and information continually as conditions change.

Neither the Canadian Securities Exchange nor its regulation services provider accepts responsibility for the

adequacy or accuracy of this release.

SOURCE Quimbaya Gold Inc.

For further information: Alexandre P. Boivin, President and CEO, [email protected], +1-647-576-

7135