Mr. Christopher van Tienhoven reports

PATAGONIA GOLD APPOINTS CÉSAR RIVEROS AS PRINCIPAL GEOLOGIST

Patagonia Gold Corp. has appointed Cesar Riveros as principal geologist, effective July 1, 2026.

Mr. Riveros is a highly respected Argentine mining geologist with more than four decades of experience in mineral exploration, resource development, mine planning and project evaluation. Throughout his distinguished career, he has held senior technical and leadership roles across a broad range of gold, silver and copper projects in Argentina.

Mr. Riveros will join Patagonia's internal technical team and will play an important role in the company's continuing review, ranking and prioritization of its extensive Argentine project portfolio, which includes approximately 375 mining properties grouped across gold and silver projects in the provinces of Rio Negro, Chubut and Santa Cruz. These assets range from early stage exploration prospects to more advanced projects, providing Patagonia with a broad platform for target generation, resource development and strategic value creation.

A graduate of the Universidad Nacional de San Juan with a degree in geological sciences, Mr. Riveros has extensive experience across the full mining value chain, including exploration program design, target generation, geological modelling, resource evaluation, feasibility studies, geometallurgy, mine planning and production. Mr. Riveros is a chartered professional geologist (MAusIMM CP Geo).

"We are delighted to welcome Cesar to the Patagonia Gold team," said Christopher van Tienhoven, chief executive officer of Patagonia Gold. "His technical depth, proven track record and extensive knowledge of Argentina's mineral systems will be highly valuable as we undertake a systematic review of our portfolio, prioritize the most prospective opportunities and define the next phase of our exploration and growth strategy. Following the advancement of Calcatreu into production, we believe Cesar's appointment strengthens our ability to unlock further value from our broader asset base."

Commenting on his appointment, Mr. Riveros said: "I am pleased to join Patagonia Gold at such an important stage in its development. The company has a strong and diverse asset base in Argentina, and I look forward to working with the team to advance its exploration and development objectives, evaluate new geological opportunities and contribute to the creation of long-term value for shareholders."

About Patagonia Gold Corp.

Patagonia Gold is a South America-focused, publicly traded, mining company listed on the TSX Venture Exchange. The company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 375 properties in several provinces of Argentina and is one of the largest landholders in the province of Santa Cruz, Argentina.

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