Altamira Gold Receives $6.3 Million Through Exercise of Warrants

Executive Summary

• Altamira Gold Corp. raised $6,284,820 through the exercise of 31,292,400 share purchase warrants and 131,700 broker’s warrants at an exercise price of $0.20 per warrant.
• The proceeds will fund the company’s ongoing drill program in the Cajueiro porphyry gold district (Maria Bonita and Central Resource areas) and enable testing of newly identified target zones.
• Management highlighted strong shareholder confidence and reiterated its goal to increase mineral resources across the district.

Key Details

• Warrant Exercise: 31,292,400 share purchase warrants + 131,700 broker’s warrants exercised.
• Exercise Price: $0.20 per warrant.
• Total Gross Proceeds: $6,284,820 (raised since September 1 2025).
• Warrant Issuance: Originally issued on November 6 2023 in connection with a non‑brokered private placement; expired November 6 2025.
• Use of Proceeds:
• Continue extensive drilling at Maria Bonita and Central Resource areas within the Cajueiro district.
• Expand current mineral resources in those zones.
• Drill‑test several new target areas identified over the past 18 months.
• CEO Quote (Michael Bennett): Emphasized shareholder support, confidence in the Cajueiro district, and the role of the funds in advancing exploration and resource growth.
• Qualified Person: Guillermo Hughes, FAIG, M Aus IMM., supervised and approved technical information per NI 43‑101.

Notable Quotes

“We are pleased to have the continued support of our shareholders as we advance drilling across our Cajueiro porphyry gold district in Brazil… These funds will allow us to continue with our extensive drill program … and to drill test several of the new target areas identified over the last 18 months.” – Michael Bennett, President & CEO

Materiality Assessment: Material – Positive (significant financing that directly supports expansion of exploration activities).