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*Aris Gold Corporation 
Listed Company 

CALDAS GOLD CORP. ("CGC")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: July 7, 2020
TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced June 30, 2020:

Number of Shares: 7,000,000 shares

Purchase Price: $2.00 per share

Number of Placees: 1 placee

Insider / Pro Group Participation:

Insider=Y /
Name ProGroup=P # of Shares
Caldas Holdings Corp. Y 7,000,000
Pursuant to Corporate Finance Policy 4.1, Section 1.9(e), the Company issued a news release dated June 30, 2020 announcing the closing of the private placement and setting out the expiry dates of the hold periods.
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