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Mr. Sokhie Puar reports

CANDELARIA MINING ANNOUNCES CLOSING OF $810,000 PRIVATE PLACEMENT

Candelaria Mining Corp. has closed its previously announced non-brokered private placement of 16.2 million common shares at a price of five cents per share for total proceeds of $810,000.

The securities issued in connection with the private placement are subject to a four-month hold period expiring on Sept. 5, 2016. Proceeds from the private placement will be used for general working capital purposes.