Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) (the “Company”) announces that effective May 16, 2023, Neil O’Brien has resigned as a director of the Company and as Chairman of the Board of Directors (the “Board”). The Company would like to thank Mr. O’Brien for his service to the Company and wish him all the best in his future endeavors.

The Company is also pleased to announce the appointment of Manuel Gomez as the new Chairman of the Board, effective May 16, 2023. Mr. Gomez was appointed as a director of the Board on December 15, 2022.

ON BEHALF OF THE BOARD

Mike StruthersCEO+1 604 349 5992

For further information, please contact:Candelaria Mining Corp.Investor Relations +1 604 349 5992 | info@candelariamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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