Denarius Metals Granted the "Cruzadillo" Investigation Permit near Its Lomero Project, Huelva Province, Andalusia, Spain

Executive Summary

• Denarius Metals received a new exploration permit (“Cruzadillo Investigation Permit”) covering ~60 ha adjacent to its 100%‑owned Lomero Project in Spain’s Iberian Pyrite Belt.
• The permit increases the Company’s total IPB holdings to ~665 ha and provides preferential rights over an additional 141 ha (“Demasias”) between Cruzadillo and existing permits (Rubia, Palomarejo).
• Management announced plans to design a 2026 drilling campaign at Lomero, including definition drilling targets within the newly‑permitted Cruzadillo area, aiming to test for polymetallic deposits that could augment Lomero’s mineral resources.

Key Details

• Permit Scope: Cruzadillo Investigation Permit – ~60 ha located <1 km from Lomero Project.
• Total IPB Holdings: Now approximately 665 ha after addition of Cruzadillo.
• Legal Coverage (“Demasias”): Preferential right over an extra 141 ha between Cruzadillo and existing Rubia & Palomarejo permits.
• Geological Significance: Permit lies on a western extension of the Las Merinas target, intersecting a major shear zone with historic gossan outcrops and old mining work (Maria Mine, San Telmo waste dump).
• Historical Mining Context: Cruzadillo Mine historically produced three ore lenses (1882‑1892 open‑pit; later underground work 1917‑1970s) with documented massive sulfide zones.
• Future Exploration Plans: Design phase underway for a systematic exploration program and drilling campaign slated for 2026, targeting definition drilling at Cruzadillo to evaluate polymetallic potential and possible resource expansion for Lomero.
• Executive Quote: “The granting of the Cruzadillo Investigation Permit expands our property holdings in the mineralized trend of the IPB… supports the potential for the discovery of additional polymetallic deposits.” – Serafino Iacono, Executive Chairman.

Notable Quotes

“Our team is currently designing the next phase of systematic exploration activities and drilling campaign to be carried out in 2026 at the Lomero Project, including the Cruzadillo area.” – Serafino Iacono, Executive Chairman

All forward‑looking statements are subject to risks and uncertainties as described in Denarius Metals’ Annual Information Form (dated March 31 2025).