Cordoba Minerals Corp. provided an update on the ongoing Pre-Feasibility Study (‘PFS’) at its 100%-owned Alacran Copper-Gold-Silver Project. The Alacran project is located in the Department of Córdoba of northern Colombia in a newly-recognized Laramide-age porphyry copper-gold district. Highlights: The metallurgical holes were originally designed to intersect shallow material to be mined in the first five years of production. However, with drill casing still in the holes, the decision has been taken to deepen the holes towards the bottom of the planned pit where the current drill spacing and grade estimate is lower. This should help push higher-grade areas lower within the pit and hopefully extend the pit to greater depth. Ongoing PFS engineering design work includes: mining throughput studies; investigating pit design options; evaluating infrastructure alternatives; assessing plant options and examining the use of thickened tailings. A comparison between mining throughput of 16,000 tonnes per day as envisaged in the 2019 Preliminary Economic Assessment and a higher throughput of 20,000 tonnes per day has indicated that the 20,000 tonne per day case is likely value-accretive through pulling metal production forward. Environmental baseline studies continue including air, water, vibration, noise, fauna and flora surveys. Cordoba continues working with the local communities within the area of impact, and is currently focused on developing a social program with short-, medium- and long-term benefits to all members of the communities, as part of fostering the Company's social licence to operate. An exploration program is being designed to search for concealed porphyry copper-gold deposits believed to underlie the Alacran replacement copper-gold deposit and the Montiel West volcanic-hosted stockwork mineralization. The porphyry target at Alacran was identified through recognition of late-mineral andesitic and dacitic intrusive breccias containing mineralized porphyry fragments. The breccias were emplaced along the same structures that introduced the Alacran mineralizing fluids. Known copper-gold mineralization at Montiel West is hosted by basaltic andesite and andesite volcanic rocks, with the intrusive source not yet found. Exploration at both prospects will involve preparatory geophysical surveys followed by the diamond drilling of resulting targets. The technical information in this release has been reviewed and verified by Mark Gibson, Pr. Sci.Nat., a Qualified Person for the purpose of National Instrument 43-101. Mr. Gibson is the Chief Operating Officer of Cordoba Minerals and of High Power Exploration Inc., Cordoba Minerals' majority shareholder, and is not considered independent under National Instrument 43-101. Cordoba utilizes a comprehensive industry-standard QA/QC program. PQ diamond drill core is sawn lengthwise in two halves, and one half is sampled and shipped to a sample preparation laboratory. The other half of the core is stored in a secure facility for future assay verification. All samples are prepared at ALS Minerals Laboratory in Medellin, Colombia, and assayed at ALS Minerals Laboratory in Vancouver, Canada. ALS Minerals operates in accordance with ISO/IEC 17025. Gold is determined by 50 g fire assay with an AAS finish. An initial multi-element suite comprising copper, molybdenum, silver and additional elements is analyzed by four-acid digest with an ICP-ES or ICP-MS finish. All samples with copper values over 2,000 ppm are re-assayed by a method for higher grades, which also uses a four-acid digest with an ICP-ES finish. Certified reference materials, blanks, and duplicates are inserted into the sample stream to monitor laboratory performance.