Minaurum Drills High-Grade Silver at Alamos including: 21.45 m of 220 g/t AgEq, 5.85 m of 476 g/t AgEq and 1.75 m of 845 g/t AgEq

The October 16, 2025 news release provides the initial assay results from the 2025 resource-definition drill program at the company's flagship Alamos Silver Project in Sonora, Mexico. The results are from the first 12 of 28 completed holes targeting the Promontorio and Europa vein zones. Key intercepts include: * Hole AL25-138 (Promontorio): 21.45 meters of 220 g/t silver equivalent (AgEq). * Hole AL25-135 (Europa): 5.85 meters of 476 g/t AgEq, including a higher-grade section of 1.80 meters of 1,339 g/t AgEq. * Hole AL25-139 (Europa): 1.75 meters of 845 g/t AgEq. The company states these results continue to confirm wide zones of high-grade silver mineralization and will be incorporated into the upcoming maiden resource estimate for the project. Assays for the remaining 16 holes are pending.

This news is a positive and expected development that keeps the company's primary narrative on track. To assess its materiality, we must review the progression of events over the past year.

Minaurum spent late 2024 and early 2025 demonstrating the high-grade potential of Alamos. The February 13, 2025 release was particularly notable, with a bonanza-grade intercept of 3.00 meters of 4,173 g/t AgEq. This was followed by the widest high-grade intercept to date on February 27, 2025 (36.65 meters of 328 g/t AgEq). These releases set high expectations and established Alamos as a project with significant potential.

The company then executed several key de-risking and strategic moves. In June 2025, it appointed a new senior project team with key members from Silvercrest Metals, known for their success at the Las Chispas deposit. This was a significant enhancement of their technical capabilities. Subsequently, the company successfully upsized and closed a C$9.2 million financing on July 3, 2025, at $0.25 per unit, securing a strong treasury to accelerate work at Alamos. On August 25, 2025, the company confirmed it had mobilized four drill rigs to fast-track the program toward a maiden resource estimate.

The latest results are the first assays from this accelerated, resource-definition program. The intercepts are not as spectacular as the "bonanza" grade hit in February, but that is not their purpose. These results, with strong grade-over-width combinations like 21.45 meters of 220 g/t AgEq, are precisely what is needed to build tonnage and confidence for a resource estimate. They demonstrate continuity of mineralization and validate the geological model.

Therefore, the news is a routine but important confirmation of progress. It shows the company is effectively deploying its capital and advancing its flagship asset as planned. It meets, and in the case of the widths, perhaps slightly exceeds, reasonable expectations for this stage of drilling. It reinforces the investment thesis ahead of the main catalyst, the maiden resource estimate.

Minaurum Gold Inc. is an exploration company with a portfolio of precious and base metal projects primarily in Mexico, with a new project in Nevada, USA. * Flagship Project: The 100%-owned Alamos Silver Project in Sonora, Mexico. It is a district-scale, high-grade epithermal silver project that is permitted for production. The company is aggressively drilling multiple vein targets (Promontorio, Europa, etc.) to define a maiden mineral resource estimate. * Secondary Project: The recently acquired Lone Mountain project in Nevada, a carbonate replacement deposit (CRD) with a historical inferred resource of 3.26 million tonnes at 7.57% zinc and 0.70% lead.