ARIS MINING COMPLETES SALE OF JUBY GOLD PROJECT

Core Insights - Aris Mining Corporation has completed the sale of its Juby Gold Project in Ontario, Canada, to McFarlane Lake Mining Limited for a total consideration of US$22 million, which includes US$13.2 million in cash and 82,023,746 common shares of McFarlane [1][2] Company Strategy - The sale aligns with Aris Mining's strategy to focus on high-growth gold operations and development projects in Colombia and Guyana [2] - The company aims to unlock value through scale and diversification, blending current production with transformational growth [3] Production and Operations - Aris Mining operates two underground gold mines in Colombia, the Segovia Operations and the Marmato Complex, which produced 210,955 ounces of gold in 2024 [4] - The company targets an annual production rate of over 500,000 ounces of gold, with expansions underway at both Segovia and Marmato [4] - Aris Mining also operates a 51% owned joint venture, Soto Norte, which has a completed PFS study confirming its robust economics [4] Future Projects - In Guyana, Aris Mining owns the Toroparu gold/copper project, where a new Preliminary Economic Assessment (PEA) is currently underway [4] - The company is actively pursuing partnerships with Colombia's small-scale mining sector to enable safe and environmentally responsible operations [5]