Enduro Metals closes sale of Pedro project

Mr. Robert Cameron reports ENDURO METALS COMPLETES SALE OF PEDRO GOLD PROJECT, MÉXICO TO SOUTHERN EMPIRE Enduro Metals Corp. has closed the sale of 100-per-cent interest in the 1,750-hectare Pedro gold project in Durango state, Mexico, to Southern Empire Resources Corp. Pursuant to amendments of the original option agreement (see Enduro's news release of Oct. 1, 2025) Southern Empire has now issued to Enduro two million common shares and agreed to a future milestone payment of $2-million upon commencement of commercial production from the Pedro gold project. Enduro retains a 2-per-cent net smelter return (NSR) royalty interest from future Pedro production with no buydown provision. The shares issued to Enduro are subject to restrictions on resale for a period of four months from the date of issuance. Southern Empire has acquired its 100-per-cent interest in the Pedro mineral tenements by acquiring a 100-per-cent beneficial interest in Minera BRG S.A. de C.V. (the Mexican subsidiary of Enduro that owns Pedro). Qualified person Robert Cameron, PGeo, Enduro's chief executive officer, is the company's qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed and approved the technical aspects of this release. About Enduro Metals Corp. Enduro Metals is an exploration company focused on its Newmont Lake project, a total 688-square-kilometre property located within the heart of British Columbia's Golden Triangle. Enduro Metals' geological team has outlined multiple deposit environments of interest across including copper-gold alkalic porphyry mineralization at Burgundy, and newly discovered copper-gold porphyry mineralization at Andrei. The Newmont Lake project also includes high-grade epithermal/skarn gold along the McLymont Fault. The company maintains a broader portfolio of mineral projects across Canada including the advanced Burn porphyry copper and gold project in Northern British Columbia. We seek Safe Harbor.