Mr. Patrick Downey reports

TERRA ROSSA GOLD LTD. PROVIDES CORPORATE UPDATE AND ANNOUNCES MANAGEMENT AND TECHNICAL ADVISOR APPOINTMENTS

Terra Rossa Gold Ltd. has provided the following corporate update. The company has appointed Carlos Alberto Velasquez, geologist, to the position of exploration manager and Doug Kirwin as lead strategic technical adviser.

Mr. Velasquez is a senior geologist with 30 years of extensive experience in regional and detailed geological exploration, and has led geological exploration programs in epithermal, skarn, porphyry and laterite deposits in Colombia, Guatemala, Peru and Nicaragua. He has proven experience in carrying out his work with constructive interaction with stakeholder groups, such as indigenous cultures and local communities.

Mr. Velasquez held the position of manager of Greenfield Exploration in Mineros, Nicaragua, from 2017 to 2025, where he was responsible for leading exploration programs for precious and polymetallic minerals in targets adjacent to the current operation and at a regional level. Previously, he was geology manager of Brexia Goldplata Peru and Brexia Resources between 2011 and 2017, and held various leadership roles in exploration campaigns for several underground, open-pit and development companies in Latin America between 1997 to 2011. Mr. Velasquez completed his BSc in geology from Eafit University in Colombia in 1996.

Mr. Kirwin is an Australian geologist with over 50 years of international exploration experience. He commenced his career in Papua New Guinea with Anglo American in 1970 and later worked for AMAX in Southeast Asia, Mexico and the Pacific. From 1985 to 1995, Mr. Kirwin formed an independent consulting company working mostly in southeast Asia. He was executive vice-president of Ivanhoe Mines from 1996 to 2012 and a founding director of Ivanhoe Mines Australia. As a member of the of the joint discovery team for the giant Hugo Dummett copper-gold deposit in Mongolia, Mr. Kirwin was a co-recipient of the PDAC Thayer Lindsley medal awarded for the most significant global mineral discovery in 2004. Mr. Kirwin has an MSc in mineral exploration from James Cook University, where he is currently an adjunct professor of geology.

In late 2025, Mr. Kirwin completed an earlier visit to the company's Vetas gold project, followed by Mr. Velasquez, to assess and define exploration targets for follow-up programs, including drilling; Mr. Kirwin will work closely with Mr. Velasquez in assessing and refining these programs throughout 2026.

Over the past two months, the geological team has completed significant on site work setting up all required technical and logistical work in order to commence this year's exploration programs at the project. To date, work has included the validation, processing and analysis of the historical technical and drill data information. Work will now continue to define key targets for both follow-up drilling on existing veins and testing of new targets recently identified from surface sampling and mapping. Once drill permits are received, it is expected that drilling will commence later in the year from both underground and surface.

Further to the company's news release issued on Oct. 20, 2025, regarding the closing of the company's reverse takeover transaction, the company announces an update to the number of securities subject to the Tier 2 value security escrow agreement entered into as of completion of the transaction. Specifically, an additional 357,142 common shares of the company held by a director of the company will be subject to the terms and conditions of the escrow agreement.

About Terra Rossa Gold Ltd.

The company is a well-financed gold exploration and development corporation with an experienced mine development team. A local exploration and administration team is in place in Colombia and the company also has a local community relations office in the town of Vetas. Current board and management are focused on building shareholder value through the advanced exploration and subsequent development of the Vetas gold project.

We seek Safe Harbor.