Mr. Carter Smith reports

TERRA ROSSA GOLD LTD. ANNOUNCES PHASE 1 DRILLING CAMPAIGN AND ANNOUNCEMENT OF AGM RESULTS

Terra Rossa Gold Ltd. has contracted Kluane Drilling SAS to conduct the coming drilling program at the company's wholly owned Vetas gold project in the Santander gold district of Colombia. The program will commence with one diamond drill rig for the coming program of up to 5,000 metres, with drilling expected to commence in early August. The drilling campaign has been planned to focus on two key areas as follows:

• Drilling targeted verification holes to validate results of the 2010-2013 drill program within key areas of the current mineral resource;
• Drilling targeting additional potential for broader zones of stockwork-type mineralization in Real Minera and other similar occurrences within the titles.

Carter Smith stated: "I am very pleased to announce this important and exciting next step in the exploration of the Vetas project. To date, the team has completed several months of mapping, sampling and data verification, which has identified these key targets for initial follow-up drilling. The team has also completed significant work with the local communities throughout this time, which has ensured that all parties are fully aligned with the projects programs and objectives, which will maximize the benefits to these communities as we advance Vetas through the exploration and assessment stages. I look forward to the results of this program as we continue to advance this exciting exploration project."

The Vetas gold project is part of the Vetas-California gold district, a belt of intrusion-related vein and stockwork quartz gold deposits. At least three intrusive rock types have been recognized on the property intruding the gneiss, including a dacite porphyry. The corresponding verification holes from the top are RM-05, RM-03 and RM-08 at the bottom. The plan is to begin with drill pad RM-03 and verification holes DDH008 and DDH013 due to ease of access.

During the past several months, work completed by the geology team has included reconnaissance geological mapping along the project area to identify the various lithologies and mineral associations -- which has also identified several intrusive rock assemblages including a dacite porphyry. A review of the geophysical and geochemical data on rocks and soils has integrated with the historical drill hole data within a 3-D project model. This will be used as the basis for a detailed surface mapping campaign, followed up by the first-pass surface drilling program scheduled to commence next month.

Results of the 2026 annual general meeting

The company is pleased to announce voting results of its annual general meeting of shareholders that was held on July 28, 2026. At the AGM, shareholders set the size of the board of directors at six, and the following nominees were elected:

• Patrick Downey;
• Carter Smith;
• Michael Halvorson;
• Timothy Moody;
• Patrick Robinson;
• Richard Wilson.

Shareholders also approved:

• The appointment of DeVisser Gray LLP as the auditor of Terra Rossa for the ensuing fiscal year;
• Authorization for the directors to fix the remuneration paid to the auditor; and
• A resolution authorizing the new update of Terra Rossa's rolling share option plan.

About Terra Rossa Gold Ltd.

The company is a gold exploration and development corporation with an experienced mine development team. A local exploration and administration team is in place in Colombia, and the company also has a local community relations office in the town of Vetas. Current board and management are focused on building shareholder value through the advanced exploration and subsequent development of the Vetas gold project.

The technical information contained in this news release has been reviewed and approved by Doug Kirwin, who is a qualified person as defined under National Instrument 43-101.

We seek Safe Harbor.