Caldas Gold Corp. (TSX-V: CGC) announced that on March 1, 2020, it granted a total of 4,550,000 stock options to executive directors, officers, employees and consultants in accordance with the provisions of its stock option plan, including 50,000 stock options to an investor relations advisory firm assisting the Company with its investor relations initiatives and marketing. Each stock option is exercisable at $2.00 per common share for a period of five years with 50% of the stock options vesting on the grant date and the remaining 50% of the stock options vesting on March 1, 2021.  The closing price of the Company’s common shares on February 28, 2020, the date prior to the grant of the stock options, was $1.80 per share.

About Caldas Gold Corp.

Caldas Gold is a Canadian junior mining company currently advancing a prefeasibility study for a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia with mineral resources of 2.0 million ounces of gold in the Measured and Indicated categories and 3.3 million ounces in the Inferred category. A Preliminary Economic Assessment study (Preliminary Economic Assessment Report, Marmato Project, Colombia, dated February 6, 2020 completed by SRK Consulting (U.S.), Inc.) is available on the Company’s SEDAR profile at www.sedar.com.