Daura Gold Announces CEO Transition

Executive Summary

• Mark Sumner appointed Chief Executive Officer effective November 1, 2025, signaling a new strategic phase for Daura Gold.
• Completed a non‑brokered private placement of 28 million units at $0.25 per unit, raising gross proceeds of $7 million.
• Issued finders’ fees and related securities (finders’ warrants and units) to correct prior reporting errors; all securities subject to statutory hold until February 10, 2026.

Key Details

• Leadership Change
• Mark Sumner moves from President & Director to CEO; will oversee day‑to‑day operations and strategic direction.
• Luis “Lucho” Saenz remains on the Board and continues to support the Antonella‑Libélulas Project in Peru.
• Private Placement Financing (Closing Oct 9, 2025)
• Units issued: 28,000,000 at $0.25 per unit → gross proceeds $7,000,000.
• Each Unit = 1 common share + ½ warrant; warrants allow purchase of an additional share at $0.375 (exercisable until Oct 9, 2027).
• Finders’ Fee & Related Securities
• Finders’ fees paid: $218,277.50.
• Issued 1,726,970 non‑transferable finders’ warrants and 853,860 finders’ units to third parties for their assistance.
• The prior release misreported the number of finders’ warrants/units; this release corrects those figures.
• Statutory Hold
• All securities issued in the offering are subject to a hold period until February 10, 2026 per Canadian securities law.

Notable Quotes

“I’m honoured to lead Daura into its next phase of development… With a strong treasury, an experienced technical team, and a clear focus on high‑impact exploration, Daura is well positioned to deliver meaningful results and create long‑term value for shareholders.” – Mark Sumner, Incoming CEO

“Formalizing Mark’s transition to CEO comes at an exciting time for Daura… I look forward to continuing to contribute on the ground as we advance the flagship Antonella‑Libélulas Projects in Peru.” – Luis Saenz, Director & Former CEO