Caldas Gold Corp. announced that it has signed a non-binding term sheet to receive total cash consideration of USD 110 million pursuant to a Precious Metals Purchase Agreement (the “Precious Metals Stream”) to be entered into with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly-owned subsidiary of Wheaton Precious Metals™ Corp. (“Wheaton”). The proceeds from the Precious Metals Stream will solely be used to fund the expansion of the Company’s mining operations in the Deeps Zone (the “MDZ”) at its Marmato Project located in the Department of Caldas, Colombia. Upon entering into the Precious Metals Stream, WPMI will purchase 6.5% of the gold production and 100% of the silver production until 190,000 ounces of gold and 2.15 million ounces silver have been delivered, after which the stream drops to 3.25% of the gold production and 50% of the silver production for the life of mine. Under the proposed Precious Metals Stream, WPMI will pay total cash consideration of USD 110 million, USD 38 million of which is payable upon closing and the remaining portion of which is payable during the construction of the MDZ project at Marmato, subject to receipt of required permits and licenses, sufficient financing having been obtained to cover total expected capital expenditures, and other customary conditions. In addition, WPMI will make ongoing payments equal to 18% of the spot gold and silver price until the uncredited portion of the upfront payment is reduced to nil, and 22% of the spot gold and silver price thereafter. Entering into the Precious Metals Stream remains subject to, among other matters, the negotiation and completion of definitive documentation, including the Precious Metals Purchase Agreement. Caldas Gold is committed to supporting the communities in which it operates. As part of the Precious Metals Stream, Caldas Gold has undertaken to Wheaton that it will provide funding through its ESG initiatives to support the local communities around its Marmato Project.