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Quimbaya Gold Inc. Update Following Annual General and Special Meeting

Location: Vancouver, British Columbia
Date: April 1, 2025

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) — referred to hereafter as "Quimbaya Gold" or "the Company" — is excited to report significant developments following its recent Annual General and Special Meeting (AGSM) held on March 28, 2025. At this pivotal meeting, shareholders endorsed all proposed items, including the election of directors, determination of the number of directors, appointment of the auditor, approval of the equity incentive plan, and the continuation of the Company under the British Columbia Business Corporations Act.

Acknowledgment of Service

The Board of Directors and the Company extend their heartfelt gratitude to Mr. Bayona, who chose not to seek re-election. His contributions have been invaluable, and the Company wishes him the very best in his future endeavors. Mr. Bayona played an essential role during his tenure, and his insights will be missed.

New Leadership on Board

In an important move to strengthen its governance, Sebastian Wahl has been elected as the new independent director of Quimbaya Gold. Mr. Wahl brings a wealth of experience, boasting over 15 years in the mining sector with a specialization in precious metals trading and corporate development. As a co-founder and former Vice President of Corporate Development at Silver X Mining Corp., Mr. Wahl was instrumental in consolidating assets and advancing mining projects across South America. He holds a B.Sc. in Business Administration from Zurich’s Graduate School of Business Administration and has certification in Financial Modelling from the Corporate Finance Institute. His fluency in Spanish enables him to navigate South American mining operations and capital markets effectively.

CEO’s Perspective

Mr. Alexandre P. Boivin, President & CEO of Quimbaya Gold, expressed his excitement regarding the appointment of Mr. Wahl to the board, stating, "We are thrilled to welcome Sebastian as an independent member of our board. His extensive background in South America, coupled with his connections in Europe, aligns perfectly with our ambition to establish Quimbaya as a critical player in Colombian mining exploration."

About Quimbaya Gold Inc.

Quimbaya Gold is committed to exploring and acquiring gold resources in Columbia’s rich mining districts. The Company is managed by a seasoned team dedicated to advancing three key projects located in Antioquia Province: the Tahami Project in Segovia, the Berrio Project in Puerto Berrio, and the Maitamac Project in Abejorral. With its focus firmly set on these promising ventures, Quimbaya aims to capitalize on the potential of its landholdings.

Contact Information

For inquiries, please reach out to:

  • Alexandre P. Boivin, President and CEO: apboivin@quimbayagold.com
  • Jason Frame, Manager of Communications: jason.frame@quimbayagold.com

Follow Us:

  • On X: @quimbayagoldinc
  • On LinkedIn: @quimbayagold
  • On Instagram: @quimbayagoldinc
  • On Facebook: @quimbayagoldinc

Cautionary Statements

Certain statements in this press release may be categorized as "forward-looking information" under Canadian securities legislation. These statements do not relate to historical facts and typically employ terminology like "intends", "expects", and "anticipates". Such information is inherently based on assumptions and is subject to various known and unknown risks and uncertainties, which may cause actual outcomes to differ materially from the forecasts represented.

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Understanding and navigating corporate announcements can be challenging, especially when it comes to interpreting legal jargon or complex disclosures. This is where AI legalese decoder comes into play. By translating intricate legal language into simpler, more understandable terms, AI legalese decoder empowers shareholders and stakeholders to fully grasp the implications of corporate communications. This tool ensures that individuals are well-informed of their rights, risks, and opportunities following such announcements, thus fostering informed decision-making in the fast-paced world of corporate governance and investment strategy.

In conclusion, with a renewed board and a strategic focus on its projects, Quimbaya Gold is poised for a promising future, and tools like AI legalese decoder can help stakeholders navigate this evolving landscape with confidence.

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