Mr. Darrell Rader reports

MINAURUM GOLD INC. ANNOUNCES C$10.0M BEST EFFORTS PRIVATE PLACEMENT

Minaurum Gold Inc. has entered into an agreement with Cormark Securities Inc. on behalf of itself and on behalf of a syndicate investment dealers, pursuant to which Cormark has agreed to act as lead agent for and on behalf of Minaurum in connection with a best efforts private placement for aggregate gross proceeds of up to approximately $10-million.

The offering will consist of the issuance and sale of 27,778,000 units of the company at a price of 36 cents per unit. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant shall entitle the holder thereof to purchase one common share of the company at a price of 50 cents on the date that is 24 months following the closing date (as defined below).

The company has granted the agents an option, exercisable in whole or in part, at any time prior to closing date, to increase the size of the offering to raise additional gross proceeds of up to approximately $1.5-million.

The company intends to use net proceeds from the offering for exploration expenditures and completion of a phase II drill program on the company's Alamos silver project, for property related expenditures and for general working capital purposes, all as further described in the offering document relating to the offering.

The company is conducting a listed issuer financing pursuant to Section Part 5A.2 of National Instrument 45-106 -- Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption to purchasers in Canada (other than the province of Quebec).

There is an offering document related to this offering that can be accessed under the company's profile at SEDAR+ and the company's website. Prospective investors should read this offering document before making an investment decision.

The offering is expected to close on or about Dec. 11, 2025, or on such other date as may be agreed to by the company and the agents, subject to compliance with applicable securities laws. Notwithstanding the foregoing, the closing of any units issued pursuant to the listed issuer financing exemption must occur no later than the 45th day following the date of this news release.

The completion of the offering is subject to customary conditions, including, but not limited to, the negotiation of an agency agreement between the parties with respect to the offering and the receipt of all necessary approvals, inclusive of (if applicable) the approval of the TSX Venture Exchange.

About Minaurum Gold Inc.

Minaurum Gold is an Americas-focused explorer concentrating on the high-grade 100-per-cent-owned, production-permitted Alamos silver project in southern Sonora, Mexico, and a portfolio of district-scale projects in Mexico. Minaurum is managed by one of the strongest technical and finance teams and will continue its founders' legacy of creating shareholder value by acquiring and developing a pipeline of Tier 1 precious and base metal projects.

We seek Safe Harbor.