ARIS MINING REPORTS Q4 AND FULL-YEAR 2022 FINANCIAL AND OPERATING HIGHLIGHTS.

VANCOUVER, BC: Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (OTCQX: TPRFF), formerly GCM Mining Corporation (GCM Mining), announces financial and operating results for the three and twelve months ended December 31, 2022 (Q4 2022 and FY2022). All amounts are in US dollars unless otherwise indicated.

Aris Mining CEO Neil Woodyer stated: "Aris Mining combines free cash flow generation from current operations with attractive large-scale development projects with long mine lives and growth potential from exploration upside. During 2022, our business generated $51 million of free cash flow from current operations that substantially funded $73 million in long-term growth investments. Aris Mining's near-term growth projects include the construction of the Marmato Lower Mine, the Soto Norte gold-copper project undergoing permitting and licencing, and the Toroparu project in Guyana, where we are progressing additional studies to update, fully-define and optimize the development plan.

Looking forward, we expect to produce between 230,000 and 270,000 ounces of gold at an AISC1 of between $1,050 to $1,150 per ounce during 2023. We are working to expand our partnerships with artisanal and small-scale miners, and are continuing to align with the Colombian government's focus on enabling all miners to operate in a legal, safe and responsible manner that protects them and the environment."

2022 Highlights

Operational:

Produced 215,373 ounces of gold, including 34,933 ounces from the purchase of mill-feed from partnerships with artisanal and small-scale miners around the Segovia Operations

Sold 220,098 ounces of gold at an average realized price of $1,784 per ounce

Total cash costs of $797 per ounce1 and AISC of $1,128 per ounce1

In November 2022, the Company received approval from the Agencia Nacional de Mineria (ANM) of the Marmato works and construction program (PTO); a further step toward fully permitting the Marmato Lower Mine expansion project

In November 2022, the Company updated the Marmato Lower Mine expansion Preliminary Feasibility Study and increased gold mineral reserves by 57%2

Updated mineral resource and reserve estimates for the Segovia Operations effective December 31, 2022, which included full replacement of gold ounces mined in 20222

Financial and growth investments:

In September 2022, GCM Mining and Aris Gold combined to create Aris Mining as a leading Latin America-focused gold producer

In April 2022, Aris Gold, which...