Mr. Reno Calabrigo reports

SIGNIFICANT GOLD ASSAYS REPORTED IN ROCK SAMPLES FROM BARRANCO GOLD'S KING PROJECT

Barranco Gold Mining Corp. has released the results from its initial rock sampling program conducted at the 100-per-cent-owned King property, located approximately 50 kilometres (km) south of Merritt, B.C., in the Quesnel terrane. The King property consists of nine contiguous mineral claims covering 3,456 hectares.

The company's field team collected a total of 31 rock samples (grab and chip) from outcrops, float material and altered zones across structurally controlled targets identified within the main and central grid areas. Assays have returned encouraging gold values, with the highest result at 1.83 grams per tonne (g/t) gold (Au), indicating a promising mineralized system.

Rock sampling highlights -- 31 rock samples collected:

• Sample 906575 (grab): 1.83 g/t Au, 97 parts per million (ppm) copper (Cu) and 131 ppm zinc (Zn);
• Sample 440683 (70-centimetre (cm) chip): 1.39 g/t Au and 118 ppm Cu;
• Additional samples showed elevated arsenic, antimony, zinc and lead;
• Co-ordinates were recorded using hand-held GPS (Global Positioning System) units and archived in the GIS (geographic information system) database;
• Assays performed at Activation Laboratories (ActLabs), Ancaster, Ont., using fire assay (FA-AA (atomic absorption)) and ICP-OES (inductively coupled plasma optical emission spectroscopy).

Geological context

The King property is underlain by multiphase intrusive rocks of the Osprey Lake and Pennask batholiths, intersected by quartz-feldspar porphyry dikes of the Otter intrusion. Mineralization occurs along northeast- and northwest-trending fault zones and is interpreted to reflect a porphyry-epithermal hybrid system similar to other known deposits in Southern British Columbia, such as Copper Mountain and the Brenda mine.

Quality assurance and quality control (QA/QC)

Barranco followed a robust QA/QC protocol. Sample batches included blanks, field duplicates and certified reference materials. All data were reviewed internally to verify laboratory accuracy. Sampling was conducted under supervision of experienced geological staff.

Qualified person

The technical content of this news release has been reviewed and approved by Derrick Strickland, PGeo, a qualified person as defined under National Instrument 43-101. Mr. Strickland is independent of the company and wrote the NI 43-101 technical report on the King property, dated Nov. 23, 2023.

Cautionary statements

Grab samples are selective and may not be representative of the overall mineralization on the property. Geochemical and geophysical surveys are preliminary and do not confirm the presence of economically recoverable mineral resources.

Next steps

Barranco is currently integrating sampling results into a 3-D geological model to prioritize targets for phase 2 exploration. Upcoming activities are expected to include:

• Expansion of soil grids -- IP (induced polarization) geophysics;
• Detailed structural mapping and trenching;
• Drill targeting in late 2025.

We seek Safe Harbor.