PANAMA CITY, PANAMA, December 24, 2024 – Alexandre P. Boivin, Director, President and CEO of Quimbaya Gold Inc. (“QIM”) acquired 996,666 units on December 20, 2024 at $0.30 per unit, totaling $299,000 (the “Acquisition“). Each unit includes one common share and one warrant to buy an additional share within two years at $0.40 per share.

Before the Acquisition, Mr. Boivin beneficially owned 2,966,157 common shares (9.49%), and controlled 9,375,000 shares held by Remandes Corporation S.A. (29.99%).

After the Acquisition, Mr. Boivin beneficially owns 3,962,823 common shares (11.39%) and controls 9,375,000 shares held by Remandes (26.94%).

Mr. Boivin filed an early warning report with Canadian securities regulators regarding this matter, compliant with National Instrument 62-103. The report is available on SEDAR+. Contact Renata Kubicek at or (604) 422-8088 for a copy. Mr. Boivin’s address is PH TOC 4212, Calle Punta Colon, Panama City, Panama.

SOURCE Quimbaya Gold Inc.

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