Candelaria Mining Corp. — Proxy Solicitation & Information Statement 2025

Jul 7, 2025

CANDELARIA

MINING CORPORATION

Suite 410 - 1111 Melville Street

Vancouver, British Columbia

Canada, V6E 3V6

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE is hereby given that an annual general meeting of the shareholders (the "Shareholders") of Candelaria Mining Corp. (the "Company") will be held at Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia, V6E 4N7 on Wednesday, July 16, 2025, at 10:00 am, local time, (the "Meeting").

The Meeting is held for the following purposes:

1. to receive the financial statements for the year ended April 30, 2024, together with the auditor's report thereon and the related management discussion and analysis;
2. to elect directors of the Company for the ensuing year;
3. to appoint Davidson & Company LLP, as auditor of the Company for the ensuing year and authorize the directors to determine their remuneration; and
4. to ratify and approve the Company's Stock Option Plan dated January 20, 2023, as amended, for continuation until the next annual and general meeting of the Company.

An Information Circular accompanies this Notice. The Information Circular contains details of matters to be considered at the Meeting. No other matters are contemplated, however any permitted amendment to or variation of any matter identified in this Notice may properly be considered at the Meeting. The Meeting may also consider the transaction of such other business as may properly come before the Meeting or any adjournment thereof.

Copies of the audited financial statements for the fiscal year ended April 30, 2024, the report of the auditor thereon, and the related management discussion and analysis will be made available at the Meeting and are available at www.sedarplus.ca under the Company's profile.

Shareholders who are unable to attend the Meeting in person and who wish to ensure that their shares will be voted at the Meeting are requested to complete, date and sign the enclosed form of proxy, or another suitable form of proxy, and deliver it by fax, by hand or by mail in accordance with the instructions set out in the form of proxy and in the Information Circular.

Non-registered Shareholders who are unable to attend the Meeting and who wish to ensure that their shares will be voted at the Meeting must follow the instructions set out in the form of proxy or voting instruction form and in the Information Circular to ensure that their shares will be voted at the Meeting. If you hold your shares in a brokerage account, you are a non-registered shareholder.

DATED at Vancouver, British Columbia, as at June 10, 2025.

BY ORDER OF THE BOARD OF DIRECTORS OF THE COMPANY

"Héctor Felix González Ramírez"

Héctor Felix González Ramírez

Interim Chief Executive Officer and Director