DENARIUS METALS ANNOUNCES UPDATE ON ITS CAPITAL STRUCTURE

TORONTO, April 8, 2026/PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today an update on its capital structure following the expiry of the Company's unlisted warrants on April 4, 2026.

Since the beginning of 2026, the Company has received total gross proceeds of approximately CA$24.7 million in cash from the exercise of approximately 40.3 million warrants at exercise prices ranging from CA$0.50 to CA$8.00 per share, including approximately CA$22.0 million from the exercise of 36.7 million warrants that expired on March 2, 2026 and April 4, 2026. As at April 7, 2026, the Company had a total of 202,359,191 common shares issued and outstanding and a market capitalization of approximately CA$184 million⁽¹⁾.

As at April 7, 2026, the Company had the following securities issued and outstanding:

 
         Securities             Cboe Canada            Number      Shares    Exercise price            Expiry

                                   Symbol                           Issuable         per share       or Maturity





 
         Common shares DMET                       202,359,191



 
         Stock options                                         14,342,500  CA$0.52 - CA$6.50        2026 -2031



 
         Warrants      Unlisted                     4,135,514    4,135,514   
        CA$0.85  October 31, 2026


                          Unlisted                     6,443,014    6,443,014   
        CA$0.60      May 30, 2027


                          Unlisted                     3,000,000    3,000,000   
        CA$0.74  February 7, 2028


                          Unlisted                    13,138,000   13,138,000   
        CA$0.60    March 20, 2028


                          Unlisted                     2,083,500    2,083,500   
        CA$0.60    April 30, 2028


                          Unlisted                    11,920,000   11,920,000   
        CA$0.70      November 19,
                                                                                                            2028


                          Unlisted                       442,740      442,740   
        CA$0.50      November 19,
                                                                                                            2028


                          Unlisted                    10,752,930   10,752,930   
        CA$0.66     June 20, 2030


                                                                  51,915,698



 
         Convertible   DMET.DB              CA$19,886,560      44,192,354   
        CA$0.45  October 19, 2029



 
         Debentures    Unlisted             CA$14,272,314      23,787,190   
        CA$0.60      May 30, 2030


                                               CA$34,158,874      67,979,544



 
         Fully Diluted



    "In-the money" (1)                                          336,596,933



   Total                                                        335,304,433

_{(1) Based on the closing price of the common shares on Cboe Canada of CA$0.91 per share on April 7, 2026.}

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals is producing gold and silver in an "early production" phase at its 100%-owned Zancudo Project while it completes construction a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

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SOURCE Denarius Metals Corp.