Mr. Darrell Rader reports

MINAURUM GOLD INC. ANNOUNCES UPSIZE IN BEST EFFORTS PRIVATE PLACEMENT TO C$8.0M

In connection with Minaurum Gold Inc.'s previously announced best efforts private placement, the company and Cormark Securities Inc., on behalf of itself and on behalf of a syndicate investment dealers, have agreed to increase the size of the previously announced private placement for aggregate gross proceeds of up to $8.0-million.

The offering will consist of the issuance and sale of 32 million units of the company at a price of 25 cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share of the company at a price of 37 cents on the date that is 24 months following the closing date (as defined below).

The company has granted the agents an option, exercisable in whole or in part, at any time prior to closing date, to increase the size of the offering to raise additional gross proceeds of up to $1.2-million.

The company intends to use net proceeds from the offering for exploration expenditures on the company's Alamos silver project, for property maintenance and permitting costs, and for general working capital purposes.

The company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106, Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers in Canada (other than the province of Quebec). The agents will also be entitled to offer the units for sale in the United States pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended, and in certain other jurisdictions outside of Canada and the United States, provided it is understood that no prospectus filing or comparable obligation, continuing reporting requirement, or requisite regulatory or governmental approval arises in such other jurisdictions. The units issued pursuant to the listed issuer financing exemption will not be subject to a hold period in Canada.

There is an offering document with respect to the portion of the offering being conducted pursuant to the listed issuer financing exemption that can be accessed under the company's profile on SEDAR+ and the company's website. Prospective investors of units issued under the listed issuer financing exemption should read this offering document before making an investment decision.

The offering is expected to close on or about July 3, 2025, or on such other date as may be agreed to by the company and the agents, subject to compliance with applicable securities laws. Notwithstanding the foregoing, the closing of any units issued pursuant to the listed issuer financing exemption must occur no later than the 45th day following the date of this news release.

The completion of the offering is subject to customary conditions, including, but not limited to, the negotiation of an agency agreement between the parties with respect to the offering and the receipt of all necessary approvals, inclusive of (if applicable) the approval of the TSX Venture Exchange.

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 a portfolio of district-scale projects in Mexico. 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 and base metal projects.

We seek Safe Harbor.