Candelaria Mining Announces Updated NI 43-101 Technical Report and Resource Estimate For Caballo Blanco

May 8, 2017, Vancouver, British Columbia – Candelaria Mining Corp. (“Candelaria” or the “Company”) announces that it has received an updated NI 43-101 technical report for the Caballo Blanco property entitled “Technical Report-Caballo Blanco Project, Resource Update, La Paila Zone, Veracruz State, Mexico” dated April 20, 2017. The technical report provides an update of the La Paila Zone which covers the northern extent of the property and incorporates 55 additional drill holes that were not included in the previous March 2012 resource estimate (see April 24, 2017 press release). The additional drill holes were from drilling which occurred between January and May of 2012. The resource estimate is contained within a conceptual pit.

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