Caldas Gold Updates Certain Prior Disclosure - Seite 2

Amended Technical Report

Caldas Gold has filed an amended preliminary feasibility study technical report on its Marmato Project pursuant to National Instrument 43‐101 - Standards of Disclosure for Mineral Projects (“NI 43‐101”) entitled “Revised NI 43-101 Technical Report Pre-Feasibility Study Marmato Project Colombia” (the “Amended Technical Report”).

The Amended Technical Report does not change the mineral resources or mineral reserves outlined in the original report dated August 17, 2020.

The Amended Technical Report reflects the following changes: (i) statements of mineral reserves and mineral resources have been revised to specify whether such estimates include or exclude the mineral reserve tonnage; and (ii) figure 17-2 (a process flow sheet for the MDZ process plant), which was inadvertently omitted from the original report, is now included in the Amended Technical Report.

The Amended Technical Report has been filed to ensure compliance with NI 43-101.

Additional Filings

Caldas Gold has filed management’s discussion and analysis of financial condition and results of operations (“MD&A”) of Caldas Finance Corp. for the financial year ended December 31, 2019 (the “RTO Acquirer Annual MD&A”). The RTO Acquirer Annual MD&A was not previously filed by Caldas Gold.

Caldas Gold has also filed: (i) amended unaudited interim condensed consolidated financial statements of the Company (then called Bluenose Gold Corp.) for the three and six months ended December 31, 2019 and 2018, and the notes thereto (the “Amended Financial Statements”); and (ii) amended MD&A of the Company (then called Bluenose Gold Corp.) for the three and six months ended December 31, 2019 (the “Amended MD&A”).

The changes reflected in the Amended Financial Statements and the Amended MD&A are not considered to be material to the Company. The Amended Financial Statements have been revised to: (i) remove the Notice of No Auditor Review, as such interim financial statements have now been auditor reviewed, and (ii) fix the header to the notes to the Amended Financial Statements to indicate that such financial statements are in respect of the three and six months ended December 31, 2019 and 2018. The Amended MD&A has been revised to: (i) fix a numerical typographical error; and (ii) fix the header to the Amended MD&A to indicate that such document relates to the three and six months ended December 31, 2019 and 2018.