News Release
Daura Capital Corp. Enters into Definitive Agreement for Previously Announced Qualifying Transaction

July 16, 2024

Vancouver, British Columbia--(Newsfile Corp. - July 16, 2024) - Daura Capital Corp. (TSXV: DUR.P) (the "Company" or "Daura"), a "capital pool company" under the policies of the TSX Venture Exchange (the "Exchange"), is pleased to announce it has entered into a definitive share exchange agreement (the "Share Exchange Agreement") in respect of its previously announced "qualifying transaction" under the policies of the Exchange the ("Qualifying Transaction") to acquire Estrella Gold S.A.C. ("Estrella").


Pursuant to the terms of the Share Exchange Agreement, the Company will acquire all of the outstanding shares of Estrella in consideration for 7,000,000 common shares in the capital of the Company. No finders' fees or commissions will be paid in connection with the Qualifying Transaction.


Estrella currently holds a 100% interest in 10 exploration concessions covering 7,230 hectares, including a 100% interest in the Antonella Gold Project, a 900-hectare exploration concession. The Estrella concessions are located in the Cordillera Negra of north-central Perú, 513 kilometers north-northwest of Lima and 113 kilometers east of the city of Casma.


Antonella is adjacent to the San Luis gold project, which was recently acquired by Highlander Gold. Highlander has stated they believe San Luis is the highest grade, undeveloped gold project in the world. Daura believes Antonella has potential to become a critical component of this underexplored gold district.


The Qualifying Transaction is not a Non-Arm's Length Qualifying Transaction as defined under the policies of the Exchange, and approval from the shareholders of Daura is not expected to be required.


The completion of the proposed Qualifying Transaction is subject to the satisfaction of various conditions as are standard for a transaction of this nature, including but not limited to (i) receipt of conditional approval from the TSXV; (ii) receipt of all requisite corporate, and shareholder consents and approvals; and (iii) the completion of the Company's previously announced Concurrent Financing, as more described below.


Concurrent Financing

In connection with the proposed Qualifying Transaction, as previously announced, the Company will seek to complete a concurrent non-brokered private placement offering (the "Concurrent Financing") of a minimum of 16,666,667 units (each a "Unit") and a maximum of up to 25,000,000 Units at a price of $0.06 per Unit for gross proceeds of between $1,000,000 and $1,500,000. Each Unit will consist of one common share in the capital of the Company (a "Daura Share") and one (full) share purchase warrant (each a "Warrant"), with each whole Warrant entitling the holder to purchase one additional Daura Share at a price of $0.10 per share for a period of two years from the date of issuance. Net proceeds from the Concurrent Financing will be used to fund exploration of the Estrella project portfolio (further details of which are to be provided), expenses related to the Qualifying Transaction and for general working capital purposes.


This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the QT Financing have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.


Additional Information

In accordance with the policies of the Exchange, the Daura Shares are currently halted from trading and will remain halted until further notice.


Daura and Estrella will provide further details in respect of the Qualifying Transaction, in due course once available, by way of press releases.


All information provided in this press release related to Estrella has been provided by management of Estrella and has not been independently verified by management of Daura.


Further updates in respect of the Qualifying Transaction and Concurrent Financing will be provided in subsequent press releases and the Filing Statement to be filed by Daura in connection with the Qualifying Transaction, including, information relating to Estrella's properties, sponsorship, summary financial information in respect of Daura and Estrella, and additional information with respect to the Daura Financing.


Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.


For further information please contact:

Daura Capital Corp.
543 Granville, Suite 501
Vancouver BC V6C 1X8


William T.P. Tsang CFO and Secretary
(604) 669-0660
btsang@seabordservices.com


Mark D. Sumner CEO and Director
mark@kiwandagroup.com


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Daura cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Daura's control. Such factors include, among other things: risks and uncertainties relating to Daura's ability to complete the proposed Qualifying Transaction; and other risks and uncertainties. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Daura undertakes no obligation to publicly update or revise forward-looking information.


Completion of the Qualifying Transaction and the Concurrent Financing is subject to conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.


Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.


The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.


A halt in trading shall remain in place until after the Qualifying Transaction is completed or such time that acceptable documentation is filed with the TSX Venture Exchange.

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Other Recent Daura Gold News Releases.

Daura Gold Expands Land Position With Strategic Claim North of the Tayacoto Project

March 4, 2026
March 4, 2026 – Vancouver, British Columbia – Daura Gold Corp. (TSXV:DGC) (the “Company” or “Daura” ) is pleased to announce that it has expanded the land package of the 100%-owned Tayacoto Project located in Peru (“Tayacoto” or the “Project”), by staking the 1,000-hectare Agustina concession immediately north of Tayacoto. This strategic acquisition consolidates the Company’s control over the northern extension of the interpreted structural corridor that hosts mineralization within Tayacoto. The concession was acquired by direct application through INGEMMET, Peru’s state agency for mining concessions. Mark Sumner, Daura’s CEO, commented: “The addition of the Agustina concession represents an important step in consolidating the broader Tayacoto district. Tayacoto hosts high-grade silver-gold-copper-lead vein mineralization outboard of Daura’s principal porphyry-type exploration targeting. The addition of Agustina strengthens our control in the area, providing an opportunity to expand both the known polymetallic vein systems and evaluate the porphyry potential in a mineralizing district containing world-class deposits that fit within an iIntrusion-centered exploration model.” The concession (highlighted in red with a black outline in Figure 1 ) lies within a region previously termed the Pucajirca Volcanic Center. This ‘volcanic center’ contains a number of porphyry-type prospects hosted within the Calipuy Volcanic Group, including Highlander Silver Corp.’s Cerro Colorado and Daniela projects. Previously reported reconnaissance mapping and sampling within the Tayacoto concession returned high-grade surface sampling results, including 6.1 g/t Au, 1,153 g/t Ag, 0.4% Cu, and >14% Pb ( Daura News Release, November 11, 2025 ). These results confirm strong silver-lead mineralization with subordinate copper, zinc, and gold. This reported sampling is situated approximately 2.5 km east of Highlander Silver Corp.’s Daniela project and 1.5 km west of Daura’s porphyry-type exploration target within the Tayacoto concession ( Figure 2a ). The potential quantity and grade is conceptual in nature, as there has been insufficient exploration to define a mineral resource at Tayacoto, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Company is currently undertaking a remote sensing targeting program integrating surface sampling results, ASTER-derived hydrothermal alteration mapping, and detailed structural targeting analysis ( Figure 2b ).

Daura Gold Reports High-Grade Results From Antonella Infill Sampling of Historic Drill Core: Upgrading Significant Intercepts, Including: 22.4m at 4.36 g/t Au & 23 g/t Ag From 36.8m

February 23, 2026
February 23, 2026 – Vancouver, British Columbia – Daura Gold Corp. (TSXV:DGC) (the “Company” or “Daura” ) is pleased to announce that, following a detailed review of historical drill core, new high-grade infill sampling results have significantly enhanced the precious metals intercepts at its flagship Antonella Project (“Antonella” or the “Project”), adjacent to Highlander Silver Corp.’s Bonita Project in Ancash, Peru. The previous, private owner of the Project drilled 12 holes at Antonella in 2011 and selectively sampled drill core, leaving significant mineralized intervals unsampled. Systematic infill sampling of the historic core has increased gold equivalent ‡ gram meters * for the Project’s significant intercepts # by 51%, confirming higher-grade continuity in the key vein systems from existing core. Highlights are listed below with corresponding images, drill map and sections in Figures 1-5. Drill intercepts are in Table 1. Mark Sumner, CEO of Daura commented, “The systematic infill sampling of historic drill core has significantly increased the previously reported gold and silver intervals at Antonella, revealing wide intercepts across multiple holes and identifying high grade vein mineralization in 9 of 12 drill holes. This new data underpins the potential of the Antonella project, as well as the quality of Daura’s technical team by recognizing and executing on the opportunity to enhance our drilling dataset”. Stuart Milles, VP of Exploration for Daura, commented, “The upgraded drill intercepts at Antonella provide critical new insights into Antonella’s mineralizing system, including high-value pathfinder geochemical vectors. These data are essential for targeting high-grade extensions and expansion of the Antonella deposit in the Company’s future planned drill program”. Highlights of the Recent Drill Core Infill Sampling Program: 513 infill drill core samples were collected from the historic drill core from Antonella Main zone. CBD11004B - 22.4m at 4.36 g/t Au & 23 g/t Ag from 36.8m, including: 1.50m at 4.85 g/t Au and 11.40 g/t Ag from 40.1m; 1.20m at 8.77 g/t Au and 60.90 g/t Ag from 42.6m; 0.50m at 18.86 g/t Au and 24.50 g/t Ag from 50.2m; 0.65m at 20.52 g/t Au and 45.70 g/t Ag from 51.9m; and 0.80m at 19.25 g/t Au and 241 g/t Ag from 52.55m. CBD11004A - 17.2m at 0.95 g/t Au & 10 g/t Ag (1.11 g/t AuEq. ‡ ) from 30.4m, including; 1.10m at 2.85 g/t Au and 39.8 g/t Ag from 42.3m; and 1.30m at 2.33 g/t Au and 14.4 g/t Ag from 43.4m. CBD11007 - 8.15m at 1.98 g/t Au & 17 g/t Ag (2.24 g/t AuEq. ‡ ) from 127.0m, including; 0.85m at 8.73 g/t Au and 63.70 g/t Ag from 127.0m; and 0.40m at 15.75 g/t Au and 46.90 g/t Ag from 131.2m. CBD11001 - 6.6m at 1.61 g/t Au & 5.13 g/t Ag, from 34.2m, including; 0.20m at 47.20 g/t Au and 102 g/t Ag from 40.6m. CBD11001 - 7.1m at 1.79 g/t Au & 23 g/t Ag (2.16 g/t AuEq. ‡ ) from 100.6m, including; 0.15m at 20.22 g/t Au and 110 g/t Ag from 100.6m; and 0.35m at 24.10 g/t Au and 120 g/t Ag from 104.8m. CBD11006 - 1.0 m at 8.0 g/t Au & 54 g/t Ag (8.9 g/t AuEq. ‡ ) from 58.9m

Daura Gold Commences Drilling at Cerro Bayo Gold–Silver Project, Argentina

February 17, 2026
February 17, 2026 – Vancouver, British Columbia – Daura Gold Corp. (TSXV:DGC) (the “Company” or “Daura” ) is pleased to announce that it has commenced its Phase One diamond drilling program at the Cerro Bayo Gold–Silver Project (“Cerro Bayo” or the “Project”), located in Santa Cruz Province, Argentina. Cerro Bayo is located in Argentina’s premier gold-silver district, the Deseado Massif, which has produced 600+ million ounces of silver and 20+ million ounces of gold since 1990 and hosts major mines like Newmont’s Cerro Negro and Hochschild’s San Jose. See the details of Daura’s option agreement on Cerro Bayo in the Company’s news release dated November 3, 2025 ( Cerro Bayo News Release ). “The commencement of drilling at Cerro Bayo is a key milestone for Daura and marks the first systematic drill test of this highly prospective project,” said Mark Sumner, CEO of Daura Gold. “With 15 well-defined targets supported by geochemistry and IP geophysics, this Phase One program gives us multiple opportunities for discovery and represents an important step in unlocking this project’s potential.” Drill Program Overview The Phase One drilling program will consist of approximately 22 diamond drill holes totaling 1,500 metres, designed to test 15 priority exploration targets generated from the integration of historical geochemical sampling, gradient array Induced Polarization (“IP”) survey and defined by IP Profiling. In the northern target area, three pole-dipole IP profile lines were completed, resulting in the identification of eight drill targets. Initial drilling will focus on three priority targets, which will be tested with ten diamond drill holes totaling approximately 500 metres. In the southern target area, seven priority drill targets have been outlined and will be tested with 14 diamond drill holes totaling approximately 1,000 metres. These targets are associated with Apparent Resistivity features that coincide with the surface geochemical responses and are interpreted as structural controls, consistent with the Project’s low-sulfidation epithermal gold–silver mineralization model. The objective of the program is to confirm the presence, continuity, and orientation of mineralized structures at depth, while advancing multiple target areas toward potential follow-up drilling. The Company will provide updates as drilling progresses and analytical results are received and interpreted.
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