Mr. Michael Davies reports

DENARIUS METALS ANNOUNCES SHAREHOLDER APPROVAL OF DEBENTURE AMENDMENTS AT MEETING HELD TODAY

At a special meeting of Denarius Metals Corp.'s shareholders held today, shareholders approved the previously announced resolution to approve: (a) pursuant to the policies of Cboe Canada Inc., the issuance of a number of common shares of the company in excess of 25 per cent of the issued and outstanding common shares; and (b) the potential issuances of common shares in connection with certain amendments to the trust indentures for its convertible unsecured debentures maturing on Oct. 19, 2029 (the Series 1 debentures), and convertible unsecured debentures maturing on May 30, 2030 (the Series 2 debentures). Shareholders holding 116,910,789 common shares, being 54.78 per cent of the outstanding common shares as at the record date, were represented by proxy at the meeting.

Full details of the transaction resolution are set out in the management information circular of the company dated June 15, 2026, in respect of the meeting, which is available under the company's profile on SEDAR+ and is posted on the company's website.

In order to be effective, the transaction resolution required minority approval of the shareholders in accordance with Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, and the rules of Cboe Canada.

Approximately 97.47 per cent of the votes eligible to be cast at the meeting were voted in favour of the transaction resolution. For the purposes of MI 61-101, 71,925,740 common shares were excluded. Accordingly, all shareholder approvals required in order to proceed with the transaction resolution have been obtained.

After the meeting, the board of directors of the company resolved to exercise the 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 the Series 2 debentures. In connection with the exercise of the early redemption option, the company expects to issue approximately 225,488,319 common shares to holders of the Series 1 debentures and Series 2 debentures on July 31, 2026.

The issuance of the common shares remains subject to the approval of Cboe Canada.

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 market 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 historic 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 SL 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 historic 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.