CANDELARIA ANNOUNCES $25,000,000 PRIVATE PLACEMENT OF UNITS

Vancouver, B.C., April 14, 2021, Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) (the “Company”) is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc. (“Echelon”), as sole agent and bookrunner, pursuant to which Echelon has agreed to sell, on a “best efforts” private placement basis, up to
$25,000,000 of units (the “Units”) of the Company (the “Offering”) at a price of $0.45 per Unit (the “Issue Price”).

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