Negocios y Representaciones S.A.S. ("Negocios y Representaciones") today announces that it has sold an aggregate of 28,424,408 common shares ("Common Shares") of Mineros S.A. ("Mineros" or the "Company") (TSX: MSA) (CB: MINEROS) at a price of 5,500 Colombian pesos ("COP"), equivalent to approximately CDN$1.91 as of March 25, 2025, per Common Share for aggregate consideration of approximately CDN$54.3 million pursuant to the improved public tender offer commenced by Sun Valley Investments AG (the "Sun Valley Offer"). The Common Shares disposed of represent an aggregate of approximately 9.5% of the issued and outstanding Common Shares. As a result of the sale, Negocios y Representaciones now holds less than 10% of the issued and outstanding Common Shares.

Prior to the disposition, Negocios y Representaciones, together with its joint actor, had beneficial ownership over 37,711,211 Common Shares, representing 12.58% of the issued and outstanding Common Shares.

The Common Shares were originally acquired for investment purposes. On February 28, 2025, Negocios y Representaciones announced the commencement of a competing public tender offer to acquire Common Shares of Mineros by way of an Oferta Pàºblica de Adquisicià³n Competidora (the "OPAC" or the "Competing Offer") through the facilities of the Colombia Securities Exchange. Subsequent to the announcement, Negocios y Representaciones determined to tender the majority of its Common Shares to a further increased Sun Valley Offer. Negocios y Representaciones currently has no other plans or intentions that relate to its investment in Mineros.

This news release is issued pursuant to the requirements of National Instrument 62-103 â?? The Early Warning Systems and Related Take-Over Bids and Insider Reporting Issues. A copy of the report to be filed by Negocios y Representaciones in connection with the foregoing matters will be available under the SEDAR+ profile of Mineros at www.sedarplus.ca or may be obtained by contacting Valores Bancolombia S.A. Comisionista de Bolsa at +57 604 404 0000.

The head office address of Mineros is Carrera 43A No. 14-109, Piso 6, Edificio Nova Tempo, Medellà­n, Antioquia, Colombia. Negocios y Representaciones is a corporation existing under the laws of the Republic of Colombia. The head office address of Negocios y Representaciones is Carrera 81 A # 26 24 Oficina 201, Medellà­n, Antioquia, Colombia.

SOURCE Negocios y Representaciones S.A.S.

SOURCE: Negocios y Representaciones S.A.S.

For further information relating to Negocios y Representaciones, please contact:
Jairo Julian Agudelo Restrepo, Email: jjagudel@bancolombia.com.co, Phone: +57 604 404
0000; Isabel Cristina Sánchez Uribe, Email: issanche@bancolombia.com.co, Phone:
+57 604 404 0000

COMTEX_464613310/2197/2025-04-16T10:47:00