Candelaria Announces $9.7 Million Strategic Investment by Agnico Eagle

June 6, 2017 – Vancouver, British Columbia – Candelaria Mining Corp. (“Candelaria”) is
pleased to announce Agnico Eagle Mines Limited (“Agnico”) is making a strategic investment of $9,765,800 in Candelaria (the “Private Placement”). (All dollar amounts are in Canadian Dollars unless otherwise stated). Upon completion of the Private Placement, Agnico will own approximately 9.95% of the common shares of Candelaria, through the purchase of 10,120,000 common shares at a price of $0.965 per share. No warrants are being issued. In connection with the closing of the transaction, Agnico and Candelaria will enter into an investor rights agreement pursuant to which Agnico will, provided Agnico owns at least a 5% interest in Candelaria (calculated in accordance with the investor rights agreement), have the right to participate in equity financings by Candelaria in order to maintain its 9.95% ownership interest in Candelaria, and the right to nominate one person (and in the case of an increase in the size of the board of directors of Candelaria to 10 or more directors, two persons) to the board of directors of Candelaria.

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