Mr. David Rae reports

DPM METALS ANNOUNCES COMMERCIAL PRODUCTION AT VAREŠ

DPM Metals Inc. achieved commercial production at its Vares silver-gold mine located in Bosnia and Herzegovina on Aug. 10, 2026.

DPM achieved commercial production at Vares by exceeding an average of 60 per cent of design throughput capacity and recoveries over a period of 30 consecutive days. During this period, daily throughput averaged 72 per cent of the plant's design capacity, exceeding the company's benchmark for commercial production. This reinforces DPM's confidence in the stability and consistency of the processing plant and positions Vares to achieve the full production run rate of 850,000 tonnes per annum by year-end 2026.

"Achieving this milestone for Vares ahead of schedule is a testament to DPM's track record of building, expanding and optimizing mining operations, as well as our commitment to unlocking value by investing in our people and our assets," said David Rae, president and chief executive officer of DPM Metals.

"From day 1, we focused on embedding DPM's health and safety standards, investing in training and leadership development of the local team, and transferring our proven operating practices, which has laid the foundation for Vares to deliver near-term production growth for DPM and long-term value for our shareholders.

"I want to congratulate our entire team for their exceptional dedication and hard work and extend my sincere gratitude to the communities and stakeholders in Bosnia and Herzegovina, whose partnership and continued support have been instrumental to our success."

Based on production results in the first half of 2026 and continued strong performance, DPM now expects Vares's production in 2026 to be at the higher end of its guidance range of 105,000 to 130,000 gold equivalent ounces. For more information regarding DPM's guidance for 2026, refer to the management's discussion and analysis for the period ended June 30, 2026, available on the company's website and SEDAR+.

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 the company's 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 as a foreign exempt listing (symbol: DPM).

We seek Safe Harbor.