Mr. Geoff Callow reports

ECORA RESOURCES PLC ANNOUNCES SANTO DOMINGO UPDATE: JOINT VENTURE PARTNERSHIP

Ecora Resources PLC has noted the press release issued on Oct. 13, 2025, by Capstone Copper Corp. announcing that fund entities managed by Orion Resource Partners LP have agreed to acquire a 25-per-cent ownership interest in the Santo Domingo project and the Sierra Norte project for total cash consideration of up to $360-million.

Capstone also stated that it is continuing to advance the remaining workstreams toward a final investment decision on Santo Domingo expected in the second half of 2026.

Ecora holds a 2.0-per-cent net smelter return royalty over certain Santo Domingo project tenements, including the highest copper grade portion of the deposit which is the first area to be mined according to the updated Santo Domingo feasibility study announced in July, 2024. Over the first seven years, the Ecora royalty entitlement is expected to generate an average annual royalty entitlement of $30-million to $35-million at planned production rates and spot commodity prices.

About Ecora Resources PLC

Ecora is a leading critical minerals focused royalty company.

The company's vision is to be globally recognized as the royalty company of choice synonymous with commodities that support trends of electrification by continuing to grow and diversify its royalty portfolio in line with its strategy. The company will achieve this through building a diversified portfolio of scale over high-quality assets that drives low volatility earnings growth and shareholder returns.

The mining sector has an essential role to play in the energy transition, with commodities such as copper, nickel and cobalt -- key materials for manufacturing batteries and electric vehicles. Copper also plays a critical role in the company's electricity grids. All these commodities are mined and there are not enough mines in operation today to supply expected future demand growth.

The company's strategy is to acquire royalties and streams over low-cost operations and projects with strong management teams, in well-established mining jurisdictions. The company's portfolio has been reweighted to provide material exposure to this commodity basket and the company has successfully transitioned from a coal orientated royalty business in 2014 to one that by 2026 will be materially coal free and comprised over 90 per cent exposure to commodities that support a sustainable future. The fundamental demand outlook for these commodities over the next decade is very strong, which should significantly increase the value of the company's royalty portfolio.