Colombian Mines Announces $1.0 Million Non-Brokered Private Placement

Colombian Mines Corporation ("Colombian Mines" or the "Company") (TSX
VENTURE:CMJ)(FRANKFURT:X6C) is pleased to announce that it intends to complete a
non-brokered private placement by the issuance of up to 3,333,333 units (the
"Units") at a price of $0.30 per Unit for gross proceeds of up to $1,000,000.
Each Unit will consist of one common share of stock and one full share purchase
warrant. Each full warrant will be exercisable for one additional share of the
Company's common stock for five years at a conversion price equal to $0.45 per
share. The placement is subject to regulatory approval and shares will be
subject to a mandatory 4 month hold period as required by the TSX Venture
Exchange.


The private placement is issued due to significant interest expressed in the
previously announced private placement with IFC and is on the same terms as the
IFC financing. Proceeds will primarily be used to expand upon the highly
successful Phase I drilling program at the Company's high grade El Dovio gold -
polymetallic project and to advance the high grade Mercedes gold - silver
project to a "drill ready" status and for general working capital.


About Colombian Mines Corporation: Colombian Mines is an aggressive junior
exploration and development stage company with a distinct "first mover"
advantage in Colombia and one of the largest portfolios of 100% direct owned
mineral assets among comparable companies in Colombia. Focused on developing
shareholder value through exploration and development of key projects, the
Company is also one of Colombia's leading "prospect generators" and applies an
aggressive business model of organic growth through exploration while leveraging
shareholder value through strategic alliances and joint ventures. Colombia is
widely recognized as a highly prospective, under-explored country with
exceptional mineral potential. Further information can be found on our website
at www.colombianmines.com.


Robert G. Carrington, President & CEO

Website: www.colombianmines.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory
Organization of Canada accepts responsibility for the adequacy or accuracy of
this release.


Forward-Looking Statement

Some of the statements in this news release contain forward-looking information
that involves inherent risk and uncertainty affecting the business of Colombian
Mines Corporation. Actual results may differ materially from those currently
anticipated in such statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombian Mines Corporation
Sharon Hebgin
Corporate Communications
(604) 649-9195 - Canada or (760) 668-7211 - United States
shebgin@colombianmines.com


Colombian Mines Corporation
Dave Cross
Chief Financial Officer and Corporate Secretary
(604) 558-4300
dcross@crossdavis.com
www.colombianmines.com

Colombian Mines Corporation (TSXV:CMJ)
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から 5 2024 まで 6 2024