DENARIUS METALS ANNOUNCES UPDATE ON ITS CAPITAL STRUCTURE

Core Viewpoint - Denarius Metals Corp. has strengthened its capital structure through the exercise of warrants, raising approximately CA$16.7 million, which supports its growth strategy in Colombia and Spain, particularly in ramping up production at the Zancudo Project [1] Group 1: Capital Structure Update - The company has received total gross proceeds of approximately CA$16.7 million from the exercise of about 27.7 million warrants at exercise prices ranging from CA$0.60 to CA$0.66 per share [1] - As of March 6, 2026, Denarius Metals had 189,356,286 common shares issued and outstanding, with a market capitalization of approximately CA$206 million [1] Group 2: Production and Operations - The company is transitioning from early production to commercial concentrate production at the Zancudo Project by the end of Q3 2026, with improvements in daily mining rates [1] - In February 2026, Denarius shipped 581 tonnes of material to Trafigura, an increase from 362 tonnes in January, with average grades of approximately 10 g/t gold and 200 g/t silver [1] - A new mill is being installed at the Independencia Mine site to expand crushing capacity, while a new concentrate processing plant is under construction [1] Group 3: Project Developments - In Spain, Denarius is progressing on financing for the restart of operations at the Aguablanca Project, expected to commence in Q2 2026 [1] - The Aguablanca Project is recognized by the EU as a Strategic Project and includes a turnkey 5,000 tonnes per day processing plant [1] - Denarius also holds interests in the Lomero and Toral Projects, which are focused on critical minerals and high-grade deposits [1]