Mr. John Dorward reports

TAURA GOLD ANNOUNCES DISPATCH OF MEETING MATERIALS FOR UPCOMING SHAREHOLDERS MEETING

Taura Gold Inc. has dispatched by courier, to the holders of common shares of the company, the management information circular, form of proxy, letter of transmittal and related meeting materials for the annual general and special meeting of shareholders scheduled to be held at suite 3200, 40 Temperance St., Toronto, Ont., M5H 0B4, on Friday, Nov. 14, 2025, at 2 p.m. (Toronto time).

The meeting is being held to consider and vote on: (i) a special resolution to approve the previously announced plan of arrangement under the provisions of Division 5 of Part 9 of the Business Corporations Act (British Columbia), whereby Axcap Ventures Inc. will acquire all of the issued and outstanding shares, in exchange for common shares of Axcap, and (ii) certain annual and general business, all as more particularly described in the circular.

Copies of the circular and the meeting materials can be found on the company's website and under the company's issuer profile on SEDAR+.

Completion of the arrangement remains subject to, among other things: (i) the approval of the arrangement resolution at the meeting; (ii) the receipt of the final order of the British Columbia Supreme Court in connection with the arrangement; (iii) the receipt of the requisite approvals of the Canadian Securities Exchange and the TSX Venture Exchange; and (iv) the satisfaction or waiver, where permitted, of certain additional conditions described in the circular.

Your vote is important -- please vote today

The board of directors of the company has unanimously determined that the consideration to be received by the shareholders pursuant to the arrangement is fair, from a financial point of view, to the shareholders, for the reasons described in the circular. Accordingly, the board unanimously recommends that the shareholders vote for the arrangement resolution. The company also recommends that shareholders vote for each of the annual and general items of business described in the circular.

Shareholders are encouraged to vote well in advance of the proxy cut-off time of 11 a.m. (Vancouver time) on Nov. 12, 2025 (assuming no adjournment or postponement of the meeting).

In light of the continuing Canada Post Corp. labour strike and associated mail and postal service disruption, shareholders are encouraged to access the meeting materials electronically. Registered shareholders may contact Endeavor Trust Corp. at proxy@endeavortrust.com or call 1-604-559-8880 for assistance in obtaining their individual control numbers in order to vote their shares. Registered shareholders are encouraged to vote their shares via the Internet using their control number and password or by e-mail to proxy@endeavortrust.com. Non-registered shareholders should contact their broker or other intermediary for assistance in obtaining their individual control numbers in order to vote their shares, and are encouraged to vote their shares via the Internet. In addition, shareholders are encouraged to deliver the letter of transmittal, any accompanying certificate(s) and all other required documents either by hand and obtain receipt therefor, or in the alternative, by courier (other than Canada Post) and obtain the appropriate insurance therefor, to ensure such deposit is not delayed by such labour strike or other mail and postal service disruption. For further instructions with respect to the delivery of the letter of transmittal, please refer to the letter of transmittal.

About Taura Gold Inc.

Taura is focused on gold exploration in Canada. It is currently actively exploring the Shabu project in the Red Lake district of northwestern Ontario. Taura is also active in assessing acquisition and joint venture opportunities in various jurisdictions from time to time.

We seek Safe Harbor.