Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya Gold" or the "Company") is pleased to announce that, further to its news release on August 1, 2024 announcing the entering into of drilling contract with Independence Drilling S.A., a first service order has concluded for an initial first 4000-meter drilling campaign (the "Initial Drilling Campaign") for its Tahami South property which is adjacent and on trend to Aris Mining's Segovia project. The contract has been assigned to Elawa S.A.S., an affiliated entity and mining division of Independence Drilling S.A., and concurrently the Company has also finalized an agreement with Palmer Assets Holding Corp. ("Palmer" and together with Elawa, the "Drilling Contractors") to provide consulting services for the Initial Drilling Campaign.

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that further to its news release dated February 14th, 2025, the Company has completed a fourth tranche of the previously announced non-brokered private placement (the "Placement") of 2,634,999 units of the Company (each, a "Unit") at a price of $0.30 per Unit for aggregate gross proceeds of $790,500. Each Unit is comprised of one common share (a "Common Share") of the Company and one Common Share purchase warrant (a "Warrant"), each such Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at an exercise price of $0.40 per Common Share. In connection with the Placement, the Company will pay cash finders' fees on of $42,080 and 140,267 finder's warrants.

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce that further to its news release dated December 23rd, 2024, the Company has completed a third tranche of the previously announced non-brokered private placement (the "Placement") of 3,135,800 units of the Company (each, a "Unit") at a price of $0.30 per Unit for aggregate gross proceeds of $940,740. Each Unit is comprised of one common share (a "Common Share") of the Company and one Common Share purchase warrant (a "Warrant"), each such Warrant entitling the holder to acquire one additional Common Share for a period of two years from the date of issuance at an exercise price of $0.40 per Common Share. The net proceeds of the Offering will be used by the Company for exploration and working capital.