Mr. Roger Clegg reports

ARGENTINA METALS ANNOUNCES INSIDER-LED PRIVATE PLACEMENT FOR UP TO $3 MILLION CAD

Argentina Metals Corp. has arranged a non-brokered private placement of up to 9,375,000 common shares at a price of 32 cents per common share for aggregate gross proceeds of up to $3-million. The issuer intends to use the proceeds of the offering for exploration expenses on its project portfolio in Mendoza province, Argentina, working capital and general corporate purposes.

"Argentina Metals has assembled a highly prospective portfolio of copper-gold exploration assets in Mendoza. This financing will support fieldwork and geophysics aimed at progressing Las Estrellas towards an initial drilling program in 2027 and defining drill targets across our other priority areas, subject to funding and permitting," said Roger Clegg, chief executive officer of Argentina Metals. "Fieldwork at Las Estrellas has supported our desktop targeting approach, which has identified seven additional priority target areas for investigation. We believe Mendoza remains significantly underexplored and look forward to advancing our portfolio through systematic exploration."

The offering is expected to close in one or more tranches, with the first closing expected to occur on or about Oct. 30, 2026, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including fulfilling all applicable requirements of the TSX Venture Exchange.

It is anticipated that insiders of the company may participate in the offering. The participation of any insiders may be considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities issued to related parties nor the consideration for such securities will exceed 25 per cent of the company's market capitalization.

The company may pay finders' fees and may issue finder warrants in connection with the offering to eligible finders in accordance with applicable securities laws and the policy of the TSX-V. Each finder warrant will entitle the holder to purchase one common share at a price of 32 cents for a period of 24 months from the date of the closing of the offering.

All common shares issued in the offering will be subject to a four-month-and-one-day hold period from the date of issuance under applicable securities laws.

About Argentina Metals Corp.

Argentina Metals is a Canadian copper exploration company focused on Mendoza province, Argentina. The company holds approximately 146,700 hectares across 26 projects, all 100 per cent owned on a clean-title basis with no private royalties, net smelter return royalties, back-in rights or earn-in obligations, other than royalties payable to the Province of Mendoza. Anchored by its flagship Las Estrellas project, the company has built an early position in an underexplored part of the Argentine Andes amid the pro-mining reforms reshaping the country's resource sector.

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