Mr. Darrell Rader reports

MINAURUM INCREASES PHASE 2 RESOURCE EXPANSION DRILL PROGRAM TO 50,000 METERS AT ALAMOS SILVER PROJECT

Minaurum Gold Inc. plans to expand the phase II resource expansion drill program at the Alamos silver project in Sonora, Mexico, from 25,000 metres to 50,000 metres, and in addition has issued a stock option grant.

"Driven by exceptional institutional interest in our ongoing financing, we are excited to announce plans to expand our phase II resource expansion drill program," said Darrell Rader, president and chief executive officer. "Drilling continues to deliver high-grade silver intercepts, and the enhanced 50,000-metre Phase II program positions us to test a greater number of vein-zone targets and further grow the mineralized footprint, work that will support a major resource update planned for 2026. The resource update will build on the maiden resource estimate which the company anticipates announcing in early 2026."

The expanded 50,000 m drill program in phase II will continue to focus on infill and stepout results from the phase I drilling (see Minaurum news release dated Nov. 27, 2025), with multiple rigs on site and 263 drill pads already permitted across the project. The program will include stepout holes at the Europa and Travesia silver shoots, as well as additional drilling at the historic Quintera and Minas Nuevas mines and the more recent discoveries at Promontorio Sur, Cotera, Pulpito and San Jose vein zones.

Minaurum has identified 26 vein zones in an 11-kilometre-by-six-kilometre region covering only one fifth of the Alamos silver project. Thirteen of the 19 vein zones drilled returned high-grade silver intercepts. Only three of the 13 discoveries will be included in the initial resource estimate.

Implementation of the planned expansion of the drill program remains subject to closing of the company's continuing financing. Please see Minaurum news release dated Dec. 3, 2025, and associated offering document for additional details regarding the financing and anticipated use of proceeds.

Stock option grant

Minaurum also announces it has granted 3.16 million stock options to directors, officers and consultants, which can be exercised to receive common shares of the company. The options are exercisable at a price of 36 cents for a period of five years from the issue date. The options will vest in four equal instalments, with the first instalment vesting six months from the date of grant, and an additional 25 per cent vesting every six months thereafter. All of the options were granted pursuant to Minaurum's stock option plan dated Dec. 3, 2025.

About Minaurum Gold Inc.

Minaurum 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.

Data review and verification: Stephen R. Maynard, vice-president of exploration of Minaurum and a qualified person (QP) 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 to 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.

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