Mr. Renato Corvello reports

AMAPA MINERALS ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING

Amapa Minerals Holdings Inc. has priced its initial public offering of 127,272,728 common shares of the company at a price of $1.10 per common share for gross proceeds of $140-million, following the filing of the company's final base PREP prospectus with the securities regulatory authorities in each of the provinces and territories of Canada in connection with the issuance of a receipt for the final prospectus and the entering into of an underwriting agreement in respect of the offering. The offering is expected to close on July 30, 2026, subject to customary closing conditions.

The Toronto Stock Exchange has conditionally approved the listing of the common shares, subject to fulfilling the initial listing requirements of the TSX. The common shares are expected to begin trading on the TSX on an if, as and when issued basis on July 27, 2026, under the symbol AMAP.

The offering will be managed by a syndicate of underwriters, including Canaccord Genuity and BMO Capital Markets, as joint lead bookrunners, Banco BTG Pactual SA -- Cayman branch -- as joint bookrunner and Banco Bradesco BBI SA as co-manager.

The company has granted to the underwriters an overallotment option to purchase up to an additional 19,090,909 common shares at a price of $1.10 per share for additional gross proceeds of up to $21-million if the overallotment option is exercised in full. The overallotment option can be exercised, in whole or in part, in the sole discretion of the underwriters, for a period of 30 days from the closing date of the offering.

The final prospectus contains important information relating to the company, the common shares and the offering. A supplemented PREP prospectus containing pricing information and other important information relating to the company, the common shares and the offering will be available on July 24, 2026.

Access to the final prospectus, the supplemented prospectus and any amendment thereto is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. Delivery of the final prospectus and supplemented prospectus will be satisfied in accordance with the access equals delivery provisions of applicable securities legislation. A copy of the final prospectus is available under the company's profile on SEDAR+, and a copy of the supplemented prospectus will be available on July 24, 2026. An electronic or paper copy of the final prospectus, the supplemented prospectus and any amendment to the documents may be obtained without charge from Canaccord Genuity Corp. by e-mail at ecm@cgf.com; or BMO Nesbitt Burns Inc. by mail at Brampton Distribution Centre care of The Data Group of Companies, 9195 Torbram Rd., Brampton, Ont., L6S 6H2, by telephone at 1-905-791-3151, extension 4312, or by e-mailing torbramwarehouse@datagroup.ca.

The final prospectus constitutes a public offering of securities only in those jurisdictions where they may be lawfully offered for sale and therein only by persons permitted to sell such securities.

About Amapa Minerals Holdings Inc.

Amapa Minerals is a gold mining company with its principal asset being the Amapa project which is situated within the prolific Guiana Shield in northern Brazil. The Amapa project is a past-producing open-pit gold operation that has historically sold more than 1.5 million ounces of gold between 2005 and 2021.

We seek Safe Harbor.