Mr. Mark Sumner reports

DAURA GOLD ADVANCES OPTION TO PHASE TWO DRILLING AT CERRO BAYO AND LA FLORA

Daura Gold Corp. has advanced its previously announced option (see news release dated Nov. 3, 2025) to phase 2 drilling at the Cerro Bayo gold-silver project and La Flora gold-silver project in Santa Cruz province, Argentina, pursuant to its option agreement with Latin Metals Inc.

Phase 2 marks an important step in Daura's exploration strategy within the prolific Deseado massif and reflects the company's growing confidence in the geological potential emerging from its partnership with Latin Metals.

This milestone follows completion of Daura's inaugural drill program at Cerro Bayo while the company's initial drilling at La Flora is targeted for third quarter/fourth quarter 2026.

"Undertaking phase 2 at Cerro Bayo and La Flora reflects our growing conviction in the potential of these projects and the encouraging progress we continue to see in the field," said Mark Sumner, chairman and chief executive officer of Daura Gold. "While we await final assay results from our phase 1 drill program at Cerro Bayo, the work completed to date has strengthened our confidence in the system and the broader opportunity emerging across the district. Advancing La Flora alongside Cerro Bayo provides Daura with another compelling opportunity to test a high-grade vein system with visible gold identified at surface."

Cerro Bayo

Phase 1 of drilling at Cerro Bayo totalled 18 holes across 10 priority targets for approximately 1,850 metres including three additional step-back holes at the Ingrid, Elena and Eugenia target areas. The company is currently awaiting assay results, which are expected in the coming weeks.

La Flora

At La Flora, drill permit applications have been submitted, and the company remains on track for a Q3/Q4 2026 initial drill test, expected to coincide with phase 2 drilling at Cerro Bayo.

Phase 2 exploration

Phase 2 drilling envisages stepout drilling from phase 1 target tests and preliminary drill testing of recently generated targets that have been developed as part of the continuing, systematic generative exploration program. The parallel advancement of both target generation, initial drilling and follow-up drilling is designed to create a sustained exploration pipeline with multiple opportunities for discovery across Daura's growing Argentine portfolio.

See the details of Daura's option agreement on Cerro Bayo and La Flora in the company's news release dated Nov. 3, 2025 (Cerro Bayo news release).

Qualified person

Stuart Mills, QP, is the company's qualified person as defined by National Instrument 43-101, and has reviewed, verified and approved the scientific and technical information that forms the basis for portions of this news release. No limitations or failures to verify were identified. Mr. Mills is not independent of the company as he is the company's vice-president of exploration.

About Daura Gold Corp.

Daura is a TSX Venture Exchange-listed exploration company focused on the discovery and development of high-impact gold and silver assets in South America.

In Peru, the company holds a 100-per-cent undivided interest in over 16,600 hectares of mineral concessions in the prolific Ancash region, including the 900-hectare Antonella target and the 2,900 hectares of contiguous concessions at Libelulas, which is the primary focus of continuing exploration activities.

In Argentina, Daura has entered into a binding letter agreement with Latin Metals to earn an up-to-80-per-cent interest in the projects, located in the prolific Deseado massif. This region hosts numerous producing mines and advanced-stage projects, including Cerro Negro, San Jose and Cap Oeste. The projects benefit from established infrastructure, strong community support and active exploration programs, including drilling and induced polarization geophysical surveys. Daura has completed its first drill program at Cerro Bayo and is expecting results in second quarter 2026.

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