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GCM Mining provides production updates. April 15, 2022 Declares a monthly dividend.Canadian Business Journal Announces Fourth Quarter 2021 and Year-end Financial Results Webcast

Toronto, March 15, 2022 (GLOBE NEWSWIRE) — GCM Mining Corp. (“GCM Mining” or “Company”) (TSX: GCM, OTCQX: TPRFF) today announced that the Segovia business produced 17,184 ounces of gold in February 2022. It increased from 15,360 ounces of gold last February. This brought total gold production to 33,658 ounces in the first two months of 2022, up from 30,415 ounces in the first two months of last year. At the end of February 2022, Segovia’s total gold production over the last 12 months was 209,632 ounces, up about 1.6% from last year.

GCM Mining processed a total of 48,512 tonnes at its Mariadama plant in Segovia in February 2022. This corresponds to a processing speed of 1,733 tons (“tpd”) per day compared to 42,345 tons and 1,512 tpd in February 2021. 12.2 g / t in February 2022 compared to 12.5 g / t in February last year. In the first two months of 2022, a total of 90,527 tonnes was treated with an average head grade of 12.8 g / t in Segovia, while an average head grade of 12.6 g / t was treated with an average head grade of 83,771 tonnes in the last two months. .. Year.

In February, we continued to operate a new 200 tpd multi-metal plant in test mode in Segovia, processing an average of about 98 tpd of Tailings and producing about 110 tonnes of zinc concentrate and about 86 tonnes of lead concentrate. did. Once we have a contractual agreement to sell the concentrate, we are waiting for it to ship. The total payable production from the concentrate in February 2022 is estimated to be approximately 91,000 pounds of zinc, 100,000 pounds of lead, 8,000 ounces of silver and less than 50 ounces of gold. Actual payment quantities are subject to change and will be finalized when the concentrate is shipped.

Monthly Dividend Declaration

GCM Mining today will pay a monthly dividend of $ 0.015 per common stock to shareholders registered by the Board of Directors on April 15, 2022 at the end of business on March 31, 2022. Announced that it has declared that it will pay.

Fourth Quarter and Year-end Financial Results Webcast for 2021

GCM Mining today announced its fourth quarter and annual financial results for 2021 after the market closed on Thursday, March 31, 2022, with a telephone conference and web at 9 am EST on Friday, April 1, 2022. Announced to hold a cast. result.

The details of the webcast and call-in are as follows:

Live event link: https://edge.media-server.com/mmc/p/rizkrutc
Canada / International Tolls: 1 (647) 484-8332 PIN: 21424747 #
Canada toll-free: 1 (866) 455-3403 PIN: 21424747 #
United States tolls: 1 (404) 400-0571 PIN: 21424747 #
US toll-free number: 1 (866) 374-5140 PIN: 21424747 #
Colombian tolls: +57 601 485-0348 PIN: 21424747 #
Meeting ID: EV00133198

A replay of the webcast will be available at www.gcm-mining.com from Friday, April 1, 2022 to Friday, April 29, 2022.

About GCM Mining Co., Ltd.

GCM Mining is a mid-sized gold producer with a solid track record of mine construction and operations in Latin America. In Colombia, the company is a leading luxury underground gold and silver producer operating several mines at Segovia Operations. Segovia produced 206,000 ounces of gold in 2021. At Guyana, the company is working on a wholly owned Tropal project. It is one of the largest undeveloped gold / copper projects in the Americas and will begin producing over 200,000 ounces of gold annually. 2024. GCM Mining pays shareholders monthly dividends, Aris Gold Corporation (44%; TSX: ARIS; Colombia – Marmato), Denarius Metals Corp. (27%; TSX-V: DSLV; Spain – Lomero- Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (26%; TSX-V: WA: Nunavut – Meadowbank).

For more information on GCM mining, check the profile on its website (www.gcm-mining.com) and SEDAR (www.sedar.com).

Notes on future prospects:

This news release contains “Future Outlook Information”. This includes, but is not limited to, payment of dividends, timing of the adoption of 2021 results, and other prospective business plans or strategies. Often, but not always, forward-looking statements include “plan,” “expectation,” “expectation,” “budget,” “plan,” “estimate,” “forecast,” and “such words. The phrase “intended,” “anticipate,” “believe,” or variation (including negative variations), or a particular action, event, or result is “potential” or “potential.” , “May”, “May”, or “Take, Occur, or Achieve”. Forward-looking statements include known and unknown risks, uncertainties, and future outcomes, performances, or outcomes that express or imply the actual results, performance, or outcomes of GCM mining. Includes other factors that can differ materially from outcomes. Factors that may cause actual results to differ materially from those expected in these forward-looking statements are described in the “Risk Factors” caption of our annual information form dated March 31, 2021. I am. sedar.com. Forward-looking statements contained herein have been prepared as of the date of this press release and GCM Mining is subject to new information, results and future events, except as required by law. We undertake no obligation to update any forward-looking statement. If the situation, or management’s quotes or opinions change, or otherwise. Actual results and future events may differ materially from those expected in such statements and there is no guarantee that the forward-looking statements will be accurate. Therefore, readers should be careful not to place excessive reliance on forward-looking statements.

For more information, please contact:
Mike Davis
CFO
(416) 360-4653
Investmentorrelations@gcm-mining.com


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GCM Mining provides production updates. April 15, 2022 Declares a monthly dividend.Canadian Business Journal Announces Fourth Quarter 2021 and Year-end Financial Results Webcast

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