Mr. David Rae reports

DPM METALS ANNOUNCES PRELIMINARY THIRD QUARTER PRODUCTION RESULTS AND TIMING OF THIRD QUARTER FINANCIAL RESULTS

DPM Metals Inc. has released the preliminary production results for the three and nine months ended Sept. 30, 2025.

"The integration of Vares into our operating portfolio is proceeding well. As we advance our priorities to achieve full production at Vares by the end of 2026, we continue to be excited about the growth potential of this high-quality asset," said David Rae, president and chief executive officer.

"We continue to deliver solid, consistent results from our operations, with gold and copper production increasing in the third quarter as planned. Both mines are on track to achieve our 2025 guidance."

Production highlights

Preliminary results for the three and nine months ended Sept. 30, 2025, for the Chelopech and Ada Tepe mines are provided in an attached table.

Chelopech produced approximately 44,300 ounces of gold and 7.8 million pounds of copper during the third quarter, with gold grades increasing during the quarter, in line with the mine plan. Chelopech is on track to achieve its 2025 production guidance.

Ada Tepe increased gold production in the third quarter as anticipated, producing approximately 19,400 ounces of gold. Ada Tepe is on track to achieve its gold production guidance for the year.

Vares update

On Sept. 3, 2025, DPM completed the acquisition of Adriatic Metals PLC, integrating the Vares operation into its portfolio. Integration activities have progressed well and DPM continues to advance its priorities for Vares with a focus on achieving an 850,000-tonne-per-year operating rate by year-end 2026.

The integration team immediately started introducing DPM's health and safety practices, and transforming local personnel training programs and stakeholder engagement activities. These initial steps are integral to the company's priorities of driving the decline to the bottom of the orebody and progressing the construction of the paste backfill plant in 2026.

Consistent with the Vares technical report, with an effective date of April 1, 2025, and available on SEDAR+ and the company's website, DPM continues to expect minimal production at Vares over the balance of 2025. In February, 2026, DPM expects to provide a three-year outlook for the Vares operation along with its corporate guidance.

Preliminary results from the third quarter, as well as the period from Sept. 3, 2025, to the end of the third quarter -- the period that will be reflected in DPM's third quarter financial results -- are outlined in an attached table.

Timing of third quarter 2025 financial results

The company plans to release its third quarter 2025 operating and financial results after market close on Thursday, Nov. 13, 2025. The news release, MD&A (management's discussion and analysis) and condensed interim consolidated financial statements will be posted on SEDAR+ and on the company's website.

On Friday, Nov. 14, 2025, at 9 a.m. EST, DPM will host a conference call and audio webcast to discuss the results, followed by a question-and-answer session. To participate via conference call, register in advance on-line to receive the dial-in information, as well as a personalized PIN (personal identification number) code to access the call.

Technical information

The technical and scientific information in this news release has been reviewed and approved by Ross Overall, director, corporate technical services, of the DPM, who is a qualified person as defined under National Instrument 43-101 and not independent of the company.

About DPM Metals Inc.

DPM Metals is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia, and Ecuador. The company's strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from its portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for the company's shareholders. DPM trades on the Toronto Stock Exchange (symbol DPM) and the Australian Securities Exchange (symbol DPM).

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