Candelaria Announces Drill Results of Additional Holes Discovered at Caballo Blanco

April 24, 2017 – Vancouver, British Columbia – Candelaria Mining Corp. (“Candelaria” or the “Company”) announces assay results of its recently discovered additional drill holes at the La Paila Zone on its Caballo Blanco Property (the “property”) in Veracruz, Mexico. The Company acquired the 19,823-hectare property in July 2016 from Timmins Gold and is in the process of preparing an updated National Instrument 43-101 report. During the process of updating the NI 43-101 report the Company discovered 55 new drill holes with corresponding assays. The drilling and assays were completed between January to May 2012 but were not included or referenced in the prior Technical Report dated March 2012. A new solid model has since been created based on this new information, surrounding the mineralized silica breccia rock, and using a 0.1 gram/tonne gold cut-off.

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