Mr. Michael Davies reports

DENARIUS METALS DEBENTUREHOLDERS APPROVE INDENTURE AMENDMENTS AT MEETINGS HELD TODAY

The resolutions put forth at each of the meetings held today for the holders of the convertible unsecured debentures due Oct. 19, 2029 (the Series 1 debentures), and the holders of the convertible unsecured debentures due May 30, 2030 (the Series 2 debentures), of Denarius Metals Corp. were approved. Series 1 debentureholders holding $18,150,365 Series 1 debentures, being 91.27 per cent of the outstanding Series 1 debentures as at the record date, were represented by proxy at the meeting. Series 2 debentureholders holding $11,878,328 Series 2 debentures, being 83.35 per cent of the outstanding Series 2 debentures as at the record date, were represented by proxy at the meeting.

In order to be effective, the resolutions required the affirmative vote of each of the Series 1 debentureholders and Series 2 debentureholders holding at least 66-2/3rds per cent of the principal amount of each of the Series 1 debentures and Series 2 debentures, respectively, represented at the applicable meeting.

The detailed results of the votes for the matter presented at the meeting of the Series 1 debentureholders are set out in an attached table.

The detailed results of the votes for the matter presented at the meeting of Series 2 debentureholders are set out in another table.

Full details of the amendments to the Series 1 debentures and Series 2 debentures are set out in each of the management information circulars of the company dated June 15, 2026, in respect of each of the meetings, which are available under the company's profile on SEDAR+ and are posted on the company's website.

The amendments remain subject to the approval of the shareholders of the company and the approval of Cboe Canada. A special meeting of shareholders will be held by the company on July 17, 2026, at 10 a.m. Toronto time. If the company receives the necessary approvals, it expects to immediately exercise its early redemption option and settle certain interest and gold premium payments in common shares on July 31, 2026, for each of the Series 1 debentures and Series 2 debentures.

About Denarius Metals Corp.

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada, where it trades under the symbol DMET. The company also trades on the OTCQX in the United States under the symbol DNRSF.

In Colombia, Denarius Metals is producing gold and silver in an early production phase at its 100-per-cent-owned Zancudo project while it completes construction of a 1,000-tonne-per-day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo project is a high-grade gold-silver deposit, which includes the historical producing Independencia mine, and is located in the Cauca belt, about 30 kilometres southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The company owns a 21.8-per-cent interest in Rio Narcea Recursos S.L. and is the operator of its Aguablanca project, which has been recognized by the European Union as a strategic project. The Aguablanca project comprises a turnkey 5,000-tonne-per-day processing plant and the rights to exploit the historical producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100-per-cent interest in the Lomero project, a polymetallic deposit located on the Spanish side of the prolific copper-rich Iberian pyrite belt, approximately 88 kilometres southwest of the Aguablanca project, and a 100-per-cent interest in the Toral project, a high-grade zinc-lead-silver deposit located in the Leon province, northern Spain.

We seek Safe Harbor.