Mr. Darrell Rader reports

MINAURUM LAUNCHES 25,000 METER PHASE 2 RESOURCE EXPANSION DRILL PROGRAM AT ALAMOS SILVER PROJECT

Minaurum Gold Inc. has successfully completed its phase I 10,000-metre (m) infill maiden resource drill program and the commencement of a phase II -- approximately 25,000 m resource expansion drill program at the Alamos silver project in Sonora, Mexico.

"With phase I of our resource definition drilling now complete, we're excited to move toward a key milestone -- the delivery of our inaugural resource estimate," stated Darrell Rader, president and chief executive officer. "Once we receive assays from the phase I program, we will complete the resource estimate. We're confident that the initial estimate will represent only a fraction of the project's full potential, as numerous high-priority discoveries remain outside the resource. The 25,000-metre phase II drill program is specifically designed to test and expand both existing targets and additional zones toward a major resource update in 2026."

Minaurum has identified 26 vein zones in an 11-kilometre-by-six-kilometre region covering only one fifth of the Alamos project. Thirteen of the 19 vein zones drilled returned high-grade silver intercepts demonstrating the abundant mineralization that occurs throughout the vein zones. Only three of the 13 discoveries will be included in the initial resource estimate.

Phase I drilling targeted three high-grade vein zones -- Promontorio, Europa and Travesia -- which will form the basis of the inaugural resource. Initial results have been released and continue to demonstrate continuity of high-grade silver mineralization (see Minaurum news release dated Oct. 16, 2025). Once received, the remaining assays will be incorporated into the resource model in advance of the announcement of the resource estimate.

Phase II drilling will build on the results of phase I with a planned 25,000 metres of drilling. The program will include stepout holes at the Europa and Travesia silver shoots, as well as additional drilling at the historic Quintera and Minas Nuevas mines, and the more recent discoveries at Promontorio Sur, Cotera, Pulpito and San Jose vein zones. Minaurum is well positioned to advance this next phase, with 263 drill pads already permitted across the project.

Europa vein zone

The cumulative strike length of the vein zone totals 2.8 kilometres and is open more than one km along strike to the south and 0.5 km in the northern extension of the vein zone. Average vein thickness is 3.00 m with a grade of 454 grams per tonne AgEq (silver equivalent) (358 grams per tonne Ag (silver), 0.5 per cent Cu (copper), 0.6 per cent Pb (lead), 1.2 per cent Zn (zinc)). Drill targeting will focus on the total strike length and open to depth drilling through multiple hangingwall veins and splays.

Travesia, Promontorio Sur and Quintera vein zones

The cumulative strike length of the vein zones totals 3.2 km and is open more than one km along strike which includes more than five subparallel veins. Average vein thickness is 5.40 m with a grade of 338 g/t AgEq (170 g/t Ag, 0.4 per cent Cu, 1.0 per cent Pb, 2.0 per cent Zn). Drilling at Travesia which is on the hangingwall of the Quintera vein system, will target a high prospectivity zone on stacked vein system as well as the parallel striking historic Quintera mine. Promontorio Sur is the structurally offset section of the trend with a strike length of one km.

Minas Nuevas, San Jose, Pulpito and Cotera vein zones

The cumulative strike length of the vein zones totals five km and all are open along strike and at depth. Drill targeting will focus on the 1.2 km strike length at Minas Nuevas at the Zambona and Purisima veins, targeting secondary veins that have reported grades through historical drilling. Testing at San Jose will focus on a 1.5 km long section where previous drilling intercepted a wide vein system with secondary veins and splays. Drilling will also test the stacked veins at the Pulpito/Cotera vein zone.

Marketing agreements

The company is pleased to announce it has entered into agreements with Capital Analytica and National Inflation Association (NIA) to extend its marketing and communications services agreements.

The company has entered into a marketing services agreement with Capital dated Nov. 10, 2025, for a 12-month term and subject to renewal. The company agreed to pay Capital $120,000 in four equal quarterly instalments of $30,000 for providing services including social media consultation, social sentiment reporting, social engagement reporting, corporate video dissemination, news release dissemination and marketing communications services.

Jeff French is the principal of Capital and will be responsible for all activities related to the company. Capital and its principal are arm's length to the company and, as of the date hereof, to the company's knowledge, Capital does not own any securities of the company. Capital is based in British Columbia, Canada, and can be reached via e-mail: jeff@capitalanalytica.com and phone: 778-872-4551.

The company has entered into a marketing services agreement with NIA dated Nov. 10, 2025, for a 12-month term and subject to renewal. The company agreed to pay NIA $100,000 (U.S.) in quarterly instalments of $30,000 (U.S.), $30,000 (U.S.), $20,000 (U.S.) and $20,000 (U.S.) for providing services including the promotion of the company's activities through NIA's email distribution lists, website and blog posts.

Gerard Adams is the principal of NIA and will be responsible for all activities related to the company. NIA and its principal are arm's length to the company and, as of the date hereof, to the company's knowledge, NIA does not own any securities of the company. NIA is based in North Carolina, United States, and can be reached via e-mail: ga@gerardadams.com and phone: 973-277-7674.

About Minaurum Gold Inc.

Minaurum Gold is an Americas-focused explorer concentrating on the high-grade 100-per-cent-owned, production-permitted Alamos silver project in southern Sonora, Mexico, and a portfolio of district-scale projects in Mexico. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value by acquiring and developing a pipeline of Tier 1 precious-and base metal projects.

Data review and verification: Stephen R. Maynard, vice-president of exploration of Minaurum, and a qualified person (QP) as defined by National Instrument 43-101, reviewed and verified the assay data, and has approved the disclosure in this news release. Verification was done by visual inspection of core samples and comparison to assay results. Assay results have not been checked by reanalysis. No factors were identified that could materially affect the accuracy or reliability of the data presented in this news release.

We seek Safe Harbor.