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Mr. Sokhie Puar reports

CANDELARIA MINING CORP. COMPLETES ACQUISITION OF CABALLO BLANCO GOLD PROJECT

Candelaria Mining Corp. has completed the acquisition of the Caballo Blanco gold project in Veracruz, Mexico, from Molimentales Del Noroeste SA de CV, a subsidiary of Timmins Gold Corp. Pursuant to the terms of the agreement, Candelaria has made a final payment of $3,154,000 (U.S.) to Timmins to acquire the Caballo Blanco gold project and deferred a $2.5-million (U.S.) payment to be made at the earlier occurrence of the company receiving permits or June 24, 2017, secured by a promissory note and security interest. The company has also assumed $5-million (U.S.) in liabilities in exchange for the project and all related rights and assets.