Dr. Elena Clarici reports

ELECTRUM DISCOVERY REPORTS RESULTS OF ITS ANNUAL AND SPECIAL MEETINGS OF SHAREHOLDERS AND WELCOMES MICHAEL WILLIAMS AND JOHN ANDERSON TO THE BOARD OF DIRECTORS

Electrum Discovery Corp. has released the results of voting at its annual general and special meeting held on July 24, 2025, in Vancouver, Canada. Shareholders voted in favour of all items put forward by the board of directors and management.

The company warmly welcomes Michael Williams and John Anderson, who were elected to the board of directors of the company to replace Eric Rasmussen and R. Michael Jones, whose terms ended at the meeting.

Mr. Williams has 29 years of experience as a senior executive within the mining industry. He was a founder and has served as chairman of several public companies, including Underworld Resources Ltd., which was sold to Kinross Gold Corp. He currently serves as executive chairman of Aftermath Silver and president and chief executive officer of Vendetta Mining Corp.

Mr. Anderson has over 20 years of capital markets experience specializing in the resource sector. He was a founder and financier of several start-up companies and has experience with issuers listed on senior North American stock exchanges, as well as the London AIM (Alternative Investment Market) and the Swiss Stock Exchange. He was a founder of Deep 6 PLC and American Eagle Oil and Gas as well as a founding general partner in Aquastone Capital LLC, a New York-based gold fund. Mr. Anderson currently serves as chairman and interim chief executive officer of Triumph Gold Corp.

The company thanks Mr. Rasmussen and Mr. Jones for their valued contributions as directors of the company and wishes them well in their future endeavours.

The percentage of votes cast for each item is as follows.

Shareholders of the company voted in favour of: (i) Smythe LLP, chartered accountants, as auditor of the company for the ensuing year and authorizing directors to fix their remuneration. A total of 17,316,801 Electrum's common shares were voted, representing 17.49 per cent of total shares issued and outstanding as at the record date of the meeting.

Shareholders of the company also approved a special resolution to continue the corporate jurisdiction of the company from British Columbia into the jurisdiction of the Abu Dhabi Global Market and, subject to and upon the continuance, the proposal to adopt the new articles of continuance as detailed in the management information circular of the company dated June 6, 2025.

The company has sought and obtained shareholder approval for the continuance for strategic reasons as described in the information circular. The timing and decision to consummate the continuance remain at the discretion of the board and remain subject to receipt of all necessary regulatory approval.

About Electrum Discovery Corp.

Electrum Discovery is an emerging mineral exploration and development company focused on the prolific Western Tethyan belt with two main projects in the Republic of Serbia.

Timok East extends over 123 square kilometres across the Timok copper-gold region and includes multiple copper-gold targets and mineralized trends and is located less than five kilometres from the Bor mining complex.

Novo Tlamino, located in the southeast of Serbia, includes an inferred mineral resource estimate of 670,000 ounces gold equivalent (7.1 million tonnes at 2.5 grams per tonne gold and 38 grams per tonne silver containing 570,000 ounces gold and 8.8 million ounces of silver) (preliminary economic assessment, Jan. 7, 2021)

Electrum is looking to maximize the value of its mineral projects for all stakeholders, including its shareholders, the local community and government. The company has an open-door policy and encourages all stakeholders to contact Electrum through its website. Electrum has a strong environmental and ethics policy to complete all its work in line with regulations in an open and transparent process. Electrum's projects are at an early stage, and the company plans to continue its consultation with all stakeholders in a climate of mutual respect while fostering sustainability, governance and knowledge transfer in the region.

We seek Safe Harbor.