Mr. Michael Davies reports

DENARIUS METALS FILES NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT FOR ITS ZANCUDO PROJECT IN COLOMBIA

Denarius Metals Corp. has filed a National Instrument 43-101 (Standards of Disclosure for Mineral Projects)-compliant technical report in support of the preliminary economic assessment for its 100-per-cent-owned Zancudo project in Colombia. The technical report, entitled "Technical Report and Preliminary Economic Assessment for the Zancudo Gold-Silver Deposit, Municipality of Titiribi, Department of Antioquia, Republic of Colombia," with an effective date of Oct. 24, 2023, was prepared by Resource Development Associates and supports the disclosures made by the company in its news release dated Oct. 30, 2023. The technical report can be found on the company's website and by reviewing its profile on SEDAR+.

About Denarius Metals Corp.

Denarius is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts, with its principal focus on the Lomero project, a polymetallic deposit located on the Spanish side of the prolific copper-rich Iberian pyrite belt, one of the largest districts of pyrite-rich massive sulphide deposits in the world. The company recently acquired a 50-per-cent interest in Rio Narcea Recursos SL, which has the rights to exploit the historic producing Aguablanca nickel-copper mine, including a 5,000-tonne-per-day processing plant, located in Monesterio, Extremadura, Spain, approximately 88 kilometres from the company's Lomero project. The company is also carrying out an exploration campaign on the Toral zinc-lead-silver project located in the Leon province, northern Spain pursuant to a definitive agreement signed in 2022 for an option and joint venture arrangement with Europa, pursuant to which Europa has granted Denarius two options to acquire an up-to-80-per-cent ownership interest in Europa Metals Iberia SL, a wholly owned Spanish subsidiary of Europa, which holds the Toral project. The company has commenced construction activities at its 100-per-cent-owned Zancudo project in Colombia, which includes the historic producing Independencia mine, providing an opportunity to develop near-term production and cash flow commencing in 2024 through local contract mining and long-term growth through continued exploration of the Zancudo deposit, which remains open in all directions.

We seek Safe Harbor.