Mr. Michael Davies reports

DENARIUS METALS ANNOUNCES UPDATE ON ITS CAPITAL STRUCTURE

Denarius Metals Corp. has provided an update on its capital structure following the expiry of the company's listed warrants (DMET.WT) on March 17, 2026. These warrants were delisted from the Cboe CA exchange at the close of trading yesterday.

Since the beginning of this year, the company has received total gross proceeds of approximately $18.7-million in cash from the exercise of approximately 30.2 million warrants at exercise prices ranging from 60 cents to $8.00 per share. As at March 17, 2026, the company had a total of 191,856,521 common shares issued and outstanding and a market capitalization of approximately $167-million.

As at March 17, 2026, the company had the securities issued and outstanding shown in the attached table.

About Denarius Metals Corp.

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals 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-per-cent interest in Rio Narcea Recursos S.L. 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 km 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.

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