Mr. Luis Saenz reports

DAURA GOLD CORP. CONTINUES STRATEGIC PROGRESS AND ANNOUNCES SHARES FOR DEBT TRANSACTION AND ENGAGEMENT OF THIRD PARTY INVESTOR RELATIONS SERVICES

Daura Gold Corp. has provided an operational update on the progress of its planned exploration efforts for its mineral properties located in the Ancash region of Peru. In addition, the company announces that it has entered into a debt settlement agreement to settle outstanding indebtedness owed to an arm's-length third party, and has engaged the services of third party investor relations providers.

Operational update

During the challenging period of the COVID-19 shutdown, thanks to the unwavering support of the company's founding investors, the company successfully maintained its key properties and kept open lines of communication with stakeholders within the communities. In this time frame, Daura worked with Estrella to finalize payments on the flagship Antonella property, reinforcing the company's commitment to consolidating its presence within the district. Completing this acquisition came at a pivotal moment, as the district has since garnered increased attention from both junior and major mining companies.

Over the past few months, the team has been diligently engaged in updating the geological models and preparing for essential fieldwork in the coming months. Daura has prioritized establishing strong relationships with various stakeholders in the community, fostering dialogue with local companies within the district. Engaging with communities affected by the company's projects is a crucial next step that will pave the way for exploration activities on Daura's properties. Daura has also engaged with the various other mining companies in the district who also plan on doing extensive work in the region.

The company's technical team is set to initiate a comprehensive mapping and sampling campaign across its extensive 8,100-hectare land package. The program will commence with targeted areas around the Antonella site to follow up on the previous 2,461-metre drill campaign which delivered high-grade intercepts, including:

• CBD11007: 0.85 metre at 8.73 grams per tonne Au;
• CBD11004B: 1.2 m at 8.69 g/t Au;
• CBD11001: 0.20 m at 47.2 g/t Au.

The primary goal of the initial fieldwork is to confirm drilling targets for the forthcoming exploration campaign. This initiative will also facilitate the preparation and submission of the company's drilling permit application.

Daura remains committed to consolidating its position in the district and exploring growth opportunities in the region. The company is dedicated to leveraging its local presence and established relationships while being mindful of the limited capital available. As such, the company will prioritize, optimize and deliver results that serve the best interests of its shareholders.

Luis Saenz, chief executive officer of Daura, stated: "It is an exciting time to be in the district that hosts the well-known San Luis project, now in the hands of Highlander Silver. The entire region is of interest not only for the historical gold and silver production and prospectivity, but also indications of copper discoveries that have interested some of the majors to the area. Our small but dedicated team has worked for several years to put this package in place and maintain it, and we look forward to beginning work in earnest to create value for our shareholders. We look forward to providing news on our progress in various fronts in the coming weeks."

Shares for debt settlement

Daura also announced today that it has entered into a debt settlement agreement to settle $101,200 in outstanding debt owed to an arm's-length party through the issuance of an aggregate of 1,686,666 units of the company at a price of six cents per unit.

Each unit to be issued consists of one common share of the company and one common share purchase warrant, with each warrant being exercisable for one additional common share at a price of 10 cents per share for a period of two years from the date of issuance.

Closing of the debt settlement is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The securities to be issued pursuant to the Debt Settlement will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX-V policies.

Engagement of third party investor relations service providers

Daura has engaged the services of ImpactDeck, a leading investor relations firm specializing in resource companies. ImpactDeck will assist Daura in increasing its visibility within the investment community and enhancing engagement with key investors.

In consideration of the services to be provided, Daura will pay ImpactDeck cash consideration of $20,000 for an initial six-month term, starting Feb. 1, 2025, and ending on July 31, 2025, with the option to continue on a month-to-month basis at a fee of $4,000 per month thereafter. ImpactDeck is a leading investor relations consultant lead by James McFarland and based in Montreal, Que. ImpactDeck does not directly or indirectly have an interest in the securities of the company.

Daura has also engaged the services of Morgan Knowles as an independent contractor for investor relations for a six-month period at fee of $5,000 per month, starting Feb. 1, 2025, the first four months of which will be paid upfront. In addition, subject to the policies of the TSX-V, the company has agreed to grant Ms. Knowles 150,000 options under the company's stock option plan at the same exercise price and on the same terms as will be set by the company for the next grant of options to be made by the company. Ms. Knowles is an arm's-length service provider to the company based in Toronto, Ont. With the exception of the aforementioned options, Ms. Knowles does not directly or indirectly have an interest in the securities of the company.

Qualified person

All scientific and technical information contained in this news release has been reviewed, verified and approved by Owen D. W. Miller, PhD, FAusIMM (CP), a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Mr. Miller acts as an independent third party consultant of the company.

About Daura Gold Corp.

Listed on the TSX Venture Exchange, Daura Gold is advancing high-impact exploration projects in Peru's renowned Ancash region. Daura Gold owns a 100-per-cent undivided interest in over 8,100 hectares of exploration concessions in Ancash, including the 900-hectare Antonella target, which is the primary focus of Daura Gold's current exploration efforts.

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