Daura Gold appoints Sumner as CEO

Executive Summary

• Daura Gold Corp. announced that Mark Sumner has transitioned to Chief Executive Officer, effective November 1, 2025, replacing Luis (Lucho) Saenz, who remains on the board and continues to support operations in Peru.
• The company issued a correction regarding a non-brokered private placement closed on October 9, 2025, clarifying the specific number of finders' warrants and units issued, which were previously reported incorrectly.
• The private placement involved the issuance of 28 million units at $0.25 per unit for gross proceeds of $7 million, with specific warrant terms and statutory hold periods.

Key Details

• CEO Transition:
  • Mark Sumner assumed the role of CEO on November 1, 2025.
  • Sumner was previously President and Director.
  • Luis (Lucho) Saenz steps down as CEO but remains a Director and continues to support the Antonella-Libelulas project in Peru.
• Financing Correction (Private Placement):
  • Closing Date: October 9, 2025.
  • Structure: Non-brokered private placement.
  • Units Issued: 28 million units.
  • Price: $0.25 per unit.
  • Gross Proceeds: $7,000,000.
  • Warrant Terms: Each unit includes one-half of one share purchase warrant. Warrants are exercisable at $0.375 per share until October 9, 2027.
  • Finder’s Fees Correction:
    • Cash fees paid: $218,277.50.
    • Finders' Warrants Issued: 1,726,970 (corrected from previous incorrect report).
    • Finders' Units Issued: 853,860 (corrected from previous incorrect report).
    • Finders' warrants are exercisable on the same terms as investor warrants.
    • Finders' units consist of one share and one-half of one finder's warrant.
  • Hold Period: All securities subject to a statutory hold period until February 10, 2026.

Notable Quotes

• Luis (Lucho) Saenz, Former 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-Libelulas projects in Peru."
• Mark Sumner, New CEO: "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."