Mr. Alexandre Boivin reports

QUIMBAYA GOLD IDENTIFIES NEW GOLD TARGET AT TAHAMI SOUTHEAST; ROCK SAMPLES UP TO 59.4 G/T AU & 52.30 G/T AG

Quimbaya Gold Inc. has defined a new gold exploration target at Tahami Southeast, in the southern portion of the company's district-scale land package in Colombia's prolific Segovia gold district -- immediately adjacent to Aris Mining's high-grade gold operations. Initial field work returned rock (grab and panel-grab) sample assays of up to 59.4 grams per tonne gold and 52.30 g/t silver from quartz vein suboutcrops.

Highlights

• Up to 59.4 g/t gold and 52.30 g/t silver in rock (grab and panel-grab) samples from quartz vein sub-outcrops with galena and sphalerite -- selective samples, not necessarily representative of the property.
• Adjacent to Aris Mining-Tahami Southeast sits on Quimbaya's district-scale ground in Colombia's prolific Segovia gold district.
• New approximately one-kilometre-by-one-kilometre target -- a sericitic-alteration color anomaly, open in several directions, with suboutcrops of quartz veins and visible gold in pan.
• Third target on the trend -- after the Tahami South veins (December, 2025) and the Tahami Center Cu-Mo-Au (copper-molybdenum-gold) porphyry.
• Next — -mapping and sampling to define drill targets, planned for the second half of 2026.

Tahami Southeast -- new gold target next to Aris Mining

Tahami Southeast lies in the southern portion of Quimbaya's land package in Colombia's Segovia gold district, immediately adjacent to Aris Mining's high-grade gold operations. Initial geological mapping and prospecting have identified at least two prospecting areas, including quartz vein suboutcrops with gold-silver high grade confirmed by gold in pan downstream; and quartz veins hosted in porphyritic granodiorite with strong sericite alteration and high gold concentration in pan. Selective grab and panel-grab sampling target suboutcrops returned assays of up to 59.4 g/t gold and 52.30 g/t Ag. Grab and panel-grab samples are selective by nature and are not necessarily representative of the mineralization on the property.

The second target is defined by an approximately one-square-kilometre colour anomaly, interpreted as strong sericitic alteration, that remains open in several directions, with coarse gold in pan observed in the surrounding drainages. Two principal vein trends have been mapped: a northeast trend, associated with the historic Mina Antigua and El Chicharron workings, and a northwest trend. Active and abandoned artisanal workings within the area are under investigation. The historic Mina Antigua and El Chicharron workings, the Guia Antigua and Chicharron mines, and the Aris Mining operations referred to in this news release are located on properties not held by the company; the qualified person has not verified the exploration information from those adjacent properties, and such information is not necessarily indicative of the mineralization at Tahami Southeast. Currently, exploration continues to advance toward the southeast of the claim.

Alexandre P. Boivin, chief executive officer, Quimbaya Gold:

"We do what we say we will. We drilled Tahami South and we are defining the gold-silver veins systems; we confirmed the copper-molybdenum-gold porphyry at Tahami Center, and today we are adding a third target at Tahami Southeast -- right next to Aris Mining. A one-square-kilometre alteration footprint with visible gold in the creeks and rock samples up to 59.4 grams per tonne is exactly the kind of early signal that warrants disciplined follow-up. We will advance it through a mapping and sampling program planned for the second half of 2026 to define drill targets, as we build Quimbaya into a company of real scale in one of the Americas' most prolific gold districts."

Portfolio approach: derisking through multiple targets

Tahami Southeast is a new, distinct target within Quimbaya's district-scale Segovia land package and does not change the company's near-term focus. Disciplined exploration across a large land position has generated an additional high-quality target -- the way successful exploration companies build value and derisk their portfolios. Quimbaya now advances three independent targets: the gold-silver veins at Tahami South, the Cu-Mo-Au porphyry at Tahami Center and the newly defined gold-silver target at Tahami Southeast. Multiple independent targets mean multiple opportunities to deliver discovery value for shareholders.

Segovia district context

The Segovia gold district has produced gold for over a century and hosts Aris Mining's high-grade operations. The structurally controlled quartz veins with galena and sphalerite identified at Tahami Southeast are characteristic of the epithermal vein systems that define the district. This geological setting is provided as technical context only and is not a representation that similar results will be achieved at Tahami Southeast.

Ricardo Sierra, AusIMM, vice-president of exploration, Quimbaya Gold:

"In my opinion, the style and setting at Tahami Southeast -- sericitic alteration, structurally controlled quartz veins with galena and sphalerite, and coarse gold in the surrounding drainages -- are characteristic of the epithermal systems linked with oxidized intrusion-related gold deposits of the Segovia district. I recommend that the company advance a systematic program of geological mapping and sampling to identify and define drill targets."

Exploration program

The company intends to advance Tahami Southeast through systematic geological mapping, rock and channel sampling, and structural interpretation to define drill targets. This program is planned for the second half of 2026. Results will be reported as they are received and verified by the qualified person.

Quality assurance and quality control

Samples were collected by company personnel under the supervision of the qualified person, with locations recorded by handheld GPS. Rock and stream-sediment samples were submitted to SGS, an ISO/IEC 17025-accredited laboratory independent of the company. The rock results reported herein are from selective grab samples, which are not necessarily representative of the mineralization on the property.

All samples were prepared and analyzed by SGS laboratories in Medellin, Colombia, and Lima, Peru. SGS Colombia and SGS Peru are ISO 17025 accredited and are independent of the company. Gold assays were completed using fire assay methods, with multielement analysis conducted using ICP techniques. Gold was determined by fire assay on a 30 g charge with an atomic absorption finish (SGS method code FAA313); multielement analysis, including silver, was conducted by four-acid digestion with ICP-AES/ICP-MS finish (SGS method code ICP40B). Over-range copper assays above the upper detection limit of 1 per cent Cu were re-analysed by ore-grade assay methods (SGS code AAS41B). Detection limits for the primary elements were Cu (copper) 0.5 ppm (parts per million), Mo (molybdenum) one ppm, Au (gold) five ppb (parts per billion), Pb (lead) two ppm and Zn (zinc) 0.5 ppm. The analytical protocols used are industry standard for this style of vein-hosted gold-silver mineralization and are considered appropriate for the style and grade of the samples collected.

Quimbaya implemented a quality assurance and quality control (QA/QC) program that included the regular insertion of certified reference materials, blanks and field duplicates. Control samples were inserted at an approximate rate of 15 to 20 per cent throughout the sampling program. QA/QC results were reviewed by the company's qualified person and are considered acceptable, supporting the reliability of the analytical data. Certified reference materials (CRMs) used included (Epi-35, Epi-41 of target rock certificates) covering the expected grade range for Cu, Ag and Au. CRMs returned values within plus or minus standard deviations of their certified means. Coarse blank material sourced from Bureau Veritas quartz certificates returned values below 10 times the detection limit for all elements of interest. Field duplicates showed an average pair correlation of R squared equals 0.872, within industry-accepted tolerances.

Channel samples were collected as continuous chip channels cut perpendicular to the observed structural orientation within underground workings at the Laurel mine and surface outcrops. Channel dimensions were approximately 15 centimetres wide up to two m.

Qualified person

Ricardo Sierra, AusIMM, is a non-independent officer, vice-president of exploration and the qualified person for this news release. The scientific and technical content of this press release has been reviewed and approved by Mr. Sierra, who has sufficient experience with South American exploration projects relevant to the style of mineralization and type of deposit under consideration. He has verified the data disclosed herein and consents to the inclusion of the exploration results in the form and context in which they appear.

Grant of incentive securities

The company also announces that its board of directors has approved the grant of 1.3 million incentive stock options and 1.55 million restricted share units (RSUs) to directors, officers, employees and consultants of the company, pursuant to the company's equity incentive plan. The stock options are exercisable at a price of 40 cents per common share for a period of five years from the date of grant and vest over a period of 12 months. The RSUs vest over a period of 12 months. All securities issued under the grant are subject to applicable statutory hold periods and the policies of the Canadian Securities Exchange.

About Quimbaya Gold Inc.

Quimbaya Gold is a Colombia-focused exploration company advancing a district-scale portfolio of more than 73,000 hectares across highly prospective mineral belts in Antioquia, Colombia. Its flagship Tahami project, located in Segovia, is immediately adjacent to Colombia's most prolific high-grade gold mining camp, while the Berrio and Maitamac projects are strategically positioned in Puerto Berrio and Abejorral, respectively. Early stage exploration has identified extensive mineralized vein systems and documented features consistent with a large, multicommodity porphyry system prospective for gold, copper and molybdenum, highlighting the district-scale discovery potential of Quimbaya's land package. The company is led by a proven technical and management team committed to disciplined exploration and responsible mining practices.

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