Dias Acquires Securities of Cordoba Minerals Corp

TORONTO, ONTARIO--(Marketwired - Jan. 27, 2015) - Paul Dias (the "Offeror") 2831 St. Rose Parkway #265, Henderson, NV 89052 announces that, on March 28, 2014, he acquired beneficial ownership of 8,718,270 common shares ("Shares") of Cordoba Minerals Corp. (the "Company"), representing 14.8% of the then outstanding Shares, and 625,850 common share purchase warrants ("Warrants") of the Company. In the event that the Offeror exercised the Warrants in full, the Offeror would beneficially own a total of 9,344,120 Shares of the Company, or approximately 15.7% of the Company's then issued and outstanding Shares, assuming no other Shares of the Company are issued. The Shares and Warrants were acquired by Minatura International LLC and Minatura Gold (together the "Corporate Shareholders"), entities of which the Offeror is a direct and indirect 60% shareholder.

The Shares and Warrants were acquired by the Corporate Shareholders in their capacity as a shareholder of Cordoba Holdings Corp. ("CHC"), a private company, in accordance with a Plan of Arrangement under the Business Corporations Act (British Columbia) pursuant to which CHC was amalgamated with Sabre Metals Inc. and 0992961 BC Ltd. and, in exchange for their securities of CHC, shareholders of CHC received Shares and Warrants of the Company and cash consideration (the "Plan of Arrangement"). The Shares were issued at a deemed price of $0.42 per Share.

As required by the TSX Venture Exchange, the Offeror and the Corporate Shareholders (collectively, the "Grantors") entered into a voting trust agreement (the "Voting Trust Agreement") which, among other things, restricts the ability of the Grantors to vote that number of Shares which they hold directly or indirectly and which exceed 9.9% of the issued and outstanding Shares (the "Subject Shares"). In accordance with the terms of the Voting Trust Agreement, William Orchow, a director of the Company, has been granting voting power and control over the Subject Shares. In accordance with the policies of the TSX Venture Exchange, the Shares and Warrants are also subject to a Tier 2 Value Security Escrow Agreement.

The Offeror acquired the Shares and Warrants pursuant to the Plan of Arrangement. The Offeror may, in the ordinary course of business, acquire additional securities of the Company for investment purposes.

On May 22, 2014, the Company's Shares were consolidated on a 2:1 basis. All figures in this news release are shown post-consolidation.

To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact: