Mr. Oliver Dachsel reports

ARIS MINING ANNOUNCES MAJOR DEVELOPMENTS AT SOTO NORTE

Aris Mining Corp. has completed the preparation of the environmental and social impact assessment (ESIA) for the Soto Norte gold-copper project in Santander, Colombia, and will commence community engagement ahead of submission of the ESIA and environmental licence application.

Community meetings are scheduled to take place in Matanza, Surata and California in October. During this process, the company will present the ESIA, receive community feedback and consider relevant suggestions before finalizing the ESIA for submission as part of the environmental licensing process.

Neil Woodyer, chair and chief executive officer, commented: "Soto Norte is one of the most attractive high-grade, long-life underground gold projects in the Americas, with copper byproducts providing additional strategic value. The redesigned Soto Norte combines reduced scale and stronger economics with dedicated mill capacity for local miners.

"With preparation of the ESIA for community engagement complete, the technical mine plan approved by the National Mining Agency (ANM) and community engagement to be launched, Soto Norte is ready to advance toward environmental licensing. Following receipt of the environmental licence, we will be in a position to make a construction decision for the project.

"In the final months of the previous administration, several measures were introduced that restricted new mining authorizations and environmental licensing in areas relevant to Soto Norte, creating uncertainty around the project's regulatory path. Since the change in administration, the La Baja permanent reserve has been revoked, the expiry of the temporary reserve area has reverted to its original date of March 4, 2027, which is well aligned with our expected project timeline, while the Santurban Paramo delimitation process will continue under applicable constitutional, legal, technical, environmental and participatory requirements.

"A central feature of Soto Norte is our partnership approach with local miners. By providing local miners with access to modern processing infrastructure and responsible tailings and water management, we believe Soto Norte can support formal employment and economic opportunities while reducing the environmental impacts associated with informal processing. This approach builds on the responsible mining model we have successfully implemented with local small-scale miners at Segovia and Marmato."

Soto Norte -- a redesigned development strategy:

• High-grade mineral reserves: 4.6 million ounces of gold at an average grade of 7.0 grams per tonne gold (see Table 1);
• Long-life production profile: initial 22-year mine life based on proven and probable mineral reserves;
• Mill capacity: 3,500 tonnes per day, including 750 tonnes per day dedicated to processing material from local miners. This approach builds on Aris Mining's successful partnership model at Segovia and Marmato, where the company has formalized over 3,550 miners;
• No cyanide or mercury: the processing facility will not use cyanide or mercury as the plant's flow sheet is designed to produce concentrates rather than dore.
• Concentrate production: estimated life-of-mine concentrates containing approximately 4.3 million ounces of gold, 18.8 million ounces of silver and 84 million pounds of copper, excluding any additional concentrate production from material purchased from local miners;
• Gold production: approximately 203,000 ounces per year on average from Soto Norte owner-mined ore over years 1 to 21, including approximately 263,000 ounces per year during years 2 to 10, plus potential additional Aris Mining-attributable gold production from material purchased from local miners;
• Economic and employment benefits: Soto Norte is expected to generate approximately 2,300 jobs during construction and 675 jobs during operations, supporting an estimated 15,000 direct and indirect jobs in a district with a population of approximately 40,000; the project is also expected to create significant socio-economic opportunities and generate an estimated $2.6-billion (U.S.) in income taxes and $393-million (U.S.) in royalty payments to the Colombian government, based on the 2025 prefeasibility study base-case gold price assumption of $2,600 (U.S.) per ounce; these amounts are expected to be substantially higher at current gold prices.

ESIA community engagement process to commence

Having completed preparation of the ESIA, Aris Mining will commence community engagement across the three municipalities in the project's area of influence. The ESIA evaluates the project's potential environmental and social impacts and sets out measures to prevent, mitigate, manage and monitor those impacts as part of the environmental licensing process.

The engagement process will follow Colombia's regulatory framework for mining environmental studies, including the public participation principles of the Escazu agreement, and reflects prior and continuing engagement with local stakeholders.

Following the engagement process, the company expects to incorporate relevant feedback, as appropriate, before submitting the final ESIA as part of the environmental licensing process.

Aris Mining will continue to engage openly with local communities throughout the environmental licensing process and, subject to receiving the required approvals, during project development and operations.

Programa de trabajos y obras (PTO) provides technical foundation

On July 29, 2026, the ANM approved the modification to the PTO for Soto Norte in respect of mining concession 0095-68, where the deposit is located.

The PTO is the formal technical mine plan reviewed by the ANM and sets out the basis for how the mineral deposit is proposed to be developed, including the mine design, production plan, supporting technical studies and closure considerations. In approving the plan, the ANM reviewed Soto Norte's geology, mineral resources and reserves, mine design, and production plan.

The PTO approval is separate from both the environmental licensing process and the extension of the mining concession term. Construction and mining activities contemplated by the approved PTO may not commence until the required environmental licence has been obtained.

Community relationships and local miner partnerships

Aris Mining has established constructive relationships with communities in Soto Norte's area of influence, including mayors and other municipal leaders, community representatives, and local miners. These relationships support open dialogue, inform communities about the project and help the company understand local priorities.

Through this engagement, the company has identified the environmental impacts of unregulated mineral processing as a key community concern.

The ESIA reflects this engagement and was developed with input from local stakeholders to help identify, manage and mitigate impacts that are important to them.

Aris Mining's partnership model also provides local miners with a pathway into the formal mining sector and access to industrial-scale processing, helping reduce unauthorized mining and the environmental impacts associated with unregulated processing.

Recent environmental regulatory developments

On March 3, 2025, Colombia's Ministry of Environment and Sustainable Development issued Resolution 0221, establishing a temporary reserve area over approximately 75,345 hectares in Santander (the temporary reserve area) and restricting new mining authorizations and environmental licences within the area, including areas relevant to the Soto Norte project.

On Aug. 4, 2026, the ministry issued Resolution 0970 (the temporary reserve extension), modifying the temporary reserve area and extending its term from March 4, 2027, to March 4, 2029.

On Aug. 6, 2026, the ministry issued Resolution 0992, establishing a progressive delimitation of the Santurban-Berlin Paramo jurisdiction (the 2026 Paramo partial delimitation) and partially replacing the prior 2014 delimitation for the areas included in the new delimitation. The 2026 Paramo partial delimitation formed part of the environmental regulatory framework applicable in the broader Soto Norte region.

Also on Aug. 6, 2026, the Ministry issued Resolution 0994, establishing a permanent natural resources reserve over approximately 1,499 hectares in the municipality of California, Santander (the La Baja reserve). The La Baja reserve imposed restrictions on new mining authorizations and environmental licences within the reserve area, including areas relevant to the Soto Norte project.

On Aug. 7, 2026, a new national administration took office in Colombia following the presidential inauguration.

On Aug. 13, 2026, the ministry issued Resolution 1037, revoking the La Baja reserve in its entirety and thereby removing the restrictions associated with that reserve.

On Sept. 28, 2026, the ministry issued Resolution 1277, revoking the temporary reserve extension. As a result, the temporary reserve area continues under its prior terms, including its original expiry on March 4, 2027.

Also on Sept. 28, 2026, the ministry issued Resolution 1278, revoking the 2026 Paramo partial delimitation in its entirety. The ministry identified procedural and legal issues with the progressive delimitation process and directed that work continue toward a new delimitation that satisfies applicable constitutional, legal, technical, environmental and participatory requirements. Accordingly, the existing Paramo protection framework remains in effect. The Soto Norte project is located outside the Santurban Paramo and its buffer zone.

About Aris Mining Corp.

Aris Mining is a Canadian gold mining company focused on South America. The company operates the Segovia and Marmato underground gold mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto Stock Exchange and the New York Stock Exchange under the symbol ARIS.

The company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to approximately 500,000 ounces, driven by the ramp-up at Segovia following the installation of the second mill, which was completed in June, 2025, and construction of the new Marmato bulk mine and CIP (carbon-in-pulp) plant, with first gold expected in Q4 2026.

Aris Mining's portfolio supports a longer-term objective of approximately one million ounces of annual gold production. Key projects include the high-grade Soto Norte gold project in Colombia, where preparation of the environmental and social impact assessment (ESIA) has been completed and community engagement will commence, and the Toroparu gold project in Guyana, where a prefeasibility study is in progress and a construction decision is expected in early 2027.

Qualified person and technical information

Pamela De Mark, PGeo, senior vice-president, geology and exploration, of Aris Mining, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical information contained in this news release.

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