Mr. Michael Davies reports

DENARIUS METALS ANNOUNCES DETAILS FOR THE JANUARY 31, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES AND THE FIRST GOLD PREMIUM PAYMENTS ON ITS 2023 DEBENTURES

Denarius Metals Corp. has released the details for the forthcoming monthly interest payments due on Jan. 31, 2026, on its convertible unsecured debentures due Oct. 19, 2029, and May 30, 2030, and the first quarterly gold premiums due on Jan. 31, 2026, on its 2023 debentures.

Monthly interest payments

The table below summarizes the details for the shares to be issued on Feb. 2, 2026, to holders of the 2023 debentures and the 2024 debentures in settlement of the monthly interest due on that date.

Serafino Iacono (executive chairman), Federico Restrepo-Solano (director and chief executive officer), Michael Davies (chief financial officer) and Amanda Fullerton (general counsel and secretary) (the insiders) will receive an aggregate of 124,967 common shares in settlement of the interest payable on their respective holdings of 2023 debentures and 2024 debentures.

Gold premiums on 2023 debentures

Commencing Jan. 31, 2026, the company will pay a quarterly gold premium on its 2023 debentures when the London P.M. fix exceeds the floor price of $1,800 (U.S.) per ounce on the quarterly measurement date. As the London P.M. fix exceeded the maximum of $4,000 (U.S.) per ounce on Jan. 16, 2026, the gold premium rate for the quarterly gold premium payment due on Jan. 31, 2026, is 30.556 per cent, resulting in a gross amount of gold premiums payable of $6,076,537. After the deduction of certain non-resident withholding taxes payable by the company in cash, the company is issuing a total of 8,645,816 common shares on Feb. 2, 2026, to holders of the 2023 debentures, in settlement of the net amount of gold premiums payable, based on the closing price of the common shares on Cboe Canada of 70 cents per share on Jan. 16, 2026. Non-resident holders of the 2023 debentures will be subject to the withholding of income taxes on their gold premiums by their respective financial institutions at prescribed rates in Canada. Insiders of the company will receive an aggregate of 889,225 common shares in settlement of the gold premiums payable on their respective holdings of 2023 debentures.

The issuance of the common shares in settlement of the interest payable on the 2023 debentures and the 2024 debentures and the gold premiums on the 2023 debentures, all due as of Jan. 31, 2026, is subject to the acceptance of Cboe Canada.

About Denarius Metals Corp.

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metal and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on Cboe Canada, where it trades under the symbol DMET. The company also trades on the OTCQX market in the United States under the symbol DNRSF.

In Colombia, Denarius Metals is producing gold and silver in an early production phase at its 100-per-cent-owned Zancudo project while it completes construction a 1,000-tonne-per-day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is located in the Cauca belt, about 30 kilometres southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The company owns a 22.1-per-cent interest in Rio Narcea Recursos SL and is the operator of its Aguablanca project, which has been recognized by the European Union as a strategic project. The Aguablanca project comprises a turnkey 5,000 tonne-per-day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100-per-cent interest in the Lomero project, a polymetallic deposit located on the Spanish side of the prolific copper-rich Iberian pyrite belt, approximately 88 kilometres southwest of the Aguablanca project, and a 100-per-cent interest in the Toral project, a high-grade zinc-lead-silver deposit located in the Leon province, northern Spain.

We seek Safe Harbor.