Mr. Darrell Rader reports

MINAURUM CONSOLIDATES LAND PACKAGE AT AURIFERO GOLD PROJECT

Minaurum Gold Inc. has acquired a 100-per-cent interest in five royalty-free claims covering the core portion of the Aurifero high-grade gold project in Sonora, Mexico. Minaurum has also extended its option agreement to acquire the remaining claims by another three years. Located near Minaurum's flagship 100-per-cent-owned-and-production-permitted Alamos silver project, Aurifero has seen more than 8,000 metres in four drilling campaigns (reverse circulation and core) since the 1980s (see Minaurum's news release dated Jan. 29, 2020).

Highlights of historical drilling include:

• 58 metres of 3.65 grams per tonne gold (hole CI-09);
• 24.5 metres of 3.12 grams per tonne gold (hole 07-MN-10);
• 7.60 metres of 7.97 grams per tonne gold, including 3.10 metres of 18.37 grams per tonne gold (hole DMDDH-01);
• 42 metres of 1.70 grams per tonne gold (hole CI-22);
• 24 metres of 2.42 grams per tonne gold (hole CI-34);
• 48 metres of 1.47 grams per tonne gold (hole CI-35);
• 11.80 metres of 2.9 grams per tonne gold (hole 07-MN-02).

"With these acquisitions, we now control over 95 per cent of this high-grade gold district," stated Darrell Rader, president and chief executive officer of Minaurum Gold. "We are excited by the robust gold grades returned by shallow historical drilling that averaged depths of less than 100 metres, with the deepest reaching a vertical depth of only 135 metres. We believe these highly exposed gold veins have the potential to coalesce into a single substantial gold system at depth."

The Aurifero project lies 35 kilometres northwest of Minaurum's flagship Alamos silver project and 26 kilometres northwest of Mexico's third-largest copper mine, Cobre Del Mayo's Piedras Verdes mine. Minaurum first acquired concessions at Aurifero when the company entered into an option agreement to acquire 23 concessions covering 1,198 hectares (see Minaurum's news release dated Jan. 29, 2020). The option contract was amended in 2024 to extend payments to January, 2028 (see attached table). Minaurum acquired five new royalty-free concessions totaling 150 hectares, bringing the total land package to 1,348 hectares and consolidating the district.

Aurifero contains a swarm of gold-bearing and silver-bearing epithermal veins in a zone more than 400 metres wide over a strike length of three kilometres. Although a significant amount of historical drilling has taken place at Aurifero, none of the historical drilling reached depths of more than 135 metres from the surface. Some of the deepest holes ended in mineralization. Subsequent core relogging and geological modelling by Minaurum geologists indicate that past exploration cut the highest levels of a gold-silver-bearing epithermal vein system.

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 the Lone Mountain CRD (carbonate replacement deposit) project in Nevada, United States. 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 metal and base metal projects.

Data review and verification: Stephen R. Maynard, vice-president of exploration of Minaurum and a qualified person 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 with 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. Historical data reported in this news release have not been verified.

We seek Safe Harbor.