Mr. Renato Corvello reports

AMAPA MINERALS ANNOUNCES PARTIAL EXERCISE OF OVER-ALLOTMENT OPTION

Further to Amapa Minerals Holdings Inc.'s successfully completed initial public offering of 127,272,728 common shares of the company at a price of $1.10 per common share, the underwriters have exercised their overallotment option in part and have purchased an additional 10,963,881 common shares at a price of $1.10 per common share, for additional gross proceeds to Amapa Minerals of $12,060,269. Including the additional proceeds from the overallotment option, aggregate gross proceeds from the offering were approximately $152,060,269.

The common shares are listed on the Toronto Stock Exchange under the symbol AMAP.

The offering was managed by a syndicate of underwriters, including Canaccord Genuity and BMO Capital Markets, as joint lead bookrunners, Banco BTG Pactual S.A. -- Cayman branch as joint bookrunner and Banco Bradesco BBI S.A. as co-manager. Additional information regarding the offering can be found in the company's supplemented PREP prospectus dated July 23, 2026, filed with the securities regulators in each of the provinces and territories of Canada, a copy of which is available under the company's profile on SEDAR+.

About Amapa Minerals Holdings Inc.

Amapa Minerals is a Canadian gold mining company, the principal asset of which is the Amapa project, located in the state of Amapa in northern Brazil, within the Guiana Shield and along the Vila Nova greenstone belt. The Amapa project is a gold mining operation with historical production of approximately 1.59 million ounces of gold between 2005 and 2022, and benefits from robust existing infrastructure, including a recently refurbished 10,000-tonne-per-day carbon-in-leach processing plant. The project is currently in ramp-up and positioned for sustainable growth.

We seek Safe Harbor.