Mr. Federico Restrepo-Solano of Denarius reports

DENARIUS METALS ANNOUNCES CLOSING OF STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES AND CONCURRENT PRIVATE PLACEMENT WITH TRAFIGURA

Denarius Metals Corp. has closed its previously announced strategic equity investment in Copper Giant Resources Corp. through Copper Giant's non-brokered private placement financing. Pursuant to the Copper Giant financing, Denarius Metals subscribed for 40 million common shares of Copper Giant at a price of 72 cents per share for a total investment of $28.8-million. Following closing of the Copper Giant financing, Denarius Metals holds an approximately 15.34-per-cent equity interest in Copper Giant. Federico Restrepo-Solano, chief executive officer of Denarius Metals, has been appointed to Copper Giant's advisory board.

The company also announced today that it has closed its concurrent non-brokered private placement with Urion Investments Holdings Ltd., acting on behalf of the Trafigura Group. Pursuant to the Denarius financing, Urion acquired units of the company at a price of 43 cents per unit comprising 67 million common shares of the company and 12.5 million common share purchase warrants for aggregate gross proceeds of $28.81-million. The proceeds were used to finance the Copper Giant financing. Each warrant is exercisable to acquire one common share of the company at an exercise price of 60 cents per share until Aug. 21, 2029. The common shares and warrants comprising the units are subject to a statutory four-month hold period.

Early warning reports

In connection with the Denarius financing, Urion, acting on behalf of Trafigura, has acquired 67 million common shares and 12.5 million warrants of the company. Immediately prior to the closing of the Denarius financing, Trafigura beneficially owned and controlled 7,576,282 common shares, representing approximately 1.73 per cent of the company's then issued and outstanding common shares, together with 6,675,000 common share purchase warrants. Assuming the exercise of those warrants, Trafigura would have beneficially owned and controlled 14,251,282 common shares, representing approximately 3.21 per cent of the shares on a partially diluted basis. As a result of closing the Denarius financing, Trafigura beneficially owns and controls 74,576,282 common shares, representing approximately 14.79 per cent of the company's issued and outstanding common shares, together with 19,175,000 common share purchase warrants. Assuming full exercise of those warrants, Trafigura would beneficially own and control 93,751,282 common shares, representing approximately 17.92 per cent of the shares on a partially diluted basis.

Trafigura is leading global commodity company that manages complex supply chains to move energy and commodities around the world. Urion is a subsidiary of Trafigura existing under the laws of Malta.

Denarius Metals has been informed that Trafigura continues to hold the securities for investment purposes only, and, depending on market and other conditions, may from time to time in the future increase or decrease its respective ownership, control or direction over securities of the company, through market transactions, private agreements or otherwise. In satisfaction of the requirements of National Instrument 62-104 (Take-Over Bids and Issuer Bids) and National Instrument 62-103 (the Early Warning System and Related Take-Over Bid and Insider Reporting Issues), Trafigura will be filing an early warning report respecting the acquisition of securities, containing additional information omitted from this news release, under Denarius Metals' SEDAR+ profile. A copy of the report filed by Trafigura may be obtained from Amanda Fullerton, general counsel and secretary, telephone number 416-360-4653, or by e-mail at investors@denariusmetals.com.

About Denarius Metals Corp.

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metal 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 in the fourth 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 km 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.

Denarius Metals entered into a strategic collaboration in early 2026 as joint venture partners with ProGrowth Ltd. Company, a Saudi-based diversified group of companies, focused on the processing, smelting and commercialization of material sourced from the company's projects and to identify, acquire, develop and operate gold and nickel mining concessions within the KSA.

About Copper Giant Resources Corp.

Copper Giant is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition, responsibly, efficiently and with long-term positive impact.

The company is led by a team with uncommon experience, having taken some of the few major copper mines developed in the past two decades from discovery through to construction. Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity, and the catalyst for the company's name and evolution.

Guided by the values of respect and responsibility and grounded in its good neighbour philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition.

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