May 7, 2026 – Vancouver, British Columbia – Daura Gold Corp. (TSXV:DGC, OTCQB: DGCOF) (the “Company” or “Daura”), is pleased to announce that it has advanced its previously announced option (see news release dated November 3, 2025) to Phase Two drilling at the Cerro Bayo gold-silver project (“Cerro Bayo”) and La Flora gold-silver project (“La Flora” and together with Cerro Bayo, the “Projects”) in Santa Cruz Province, Argentina, pursuant to its option agreement with Latin Metals Inc. ((TSXV: LMS)(OTCQB: LMSQF) (“Latin Metals”)).

Phase Two marks an important step in Daura’s exploration strategy within the prolific Deseado Massif and reflects the Company’s growing confidence in the geological potential emerging from its partnership with Latin Metals.

This milestone follows completion of Daura’s inaugural drill program at Cerro Bayo, while the Company’s initial drilling at La Flora is targeted for Q3/Q4 2026.

“Undertaking Phase Two at Cerro Bayo and La Flora reflects our growing conviction in the potential of these Projects and the encouraging progress we continue to see in the field,” said Mark Sumner, Chairman and CEO of Daura Gold. “While we await final assay results from our Phase One drill program at Cerro Bayo, the work completed to date has strengthened our confidence in the system and the broader opportunity emerging across the district. Advancing La Flora alongside Cerro Bayo provides Daura with another compelling opportunity to test a high-grade vein system with visible gold identified at surface.”

Cerro Bayo 

Phase One of drilling at Cerro Bayo, totaled 18 holes across 10 priority targets for approximately 1,850 metres including three additional step-back holes at the Ingrid, Elena and Eugenia target areas (See Figure 1). The Company is currently awaiting assay results, which are expected in the coming weeks. 

La Flora

At La Flora, drill permit applications have been submitted, and the Company remains on track for a Q3/Q4 2026 initial drill test, expected to coincide with Phase Two drilling at Cerro Bayo.

Phase Two Exploration

Phase Two drilling envisages step-out drilling from Phase 1 target tests and preliminary drill testing of recently generated targets that have been developed as part of the ongoing, systematic generative exploration program. The parallel advancement of both target generation, initial drilling and follow-up drilling is designed to create a sustained exploration pipeline with multiple opportunities for discovery across Daura’s growing Argentine portfolio.

About Daura Gold Corp.

Daura Gold Corp. is a TSX Venture Exchange-listed exploration company focused on the discovery and development of high-impact gold and silver assets in South America.

In Peru, the Company holds a 100% undivided interest in over 16,600 hectares of mineral concessions in the prolific Ancash region, including the 900-hectare Antonella target and the 2,900 hectares of contiguous concessions at Libélulas, which is the primary focus of ongoing exploration activities.

In Argentina, Daura has entered into a binding letter agreement with Latin Metals to earn up to an 80% interest in the Projects, located in the prolific Deseado Massif. This region hosts numerous producing mines and advanced-stage projects, including Cerro Negro, San José, and Cap Oeste. The Projects benefit from established infrastructure, strong community support, and active exploration programs, including drilling and IP geophysical surveys. Daura has completed its first drill program at Cerro Bayo and is expecting results in Q2 2026. 

ON BEHALF OF THE BOARD

Mark Sumner
President & CEO

For further information please contact:

Kaitlin Taylor, Investor Relations
investors@dauragold.com

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

Cautionary Statement Regarding Forward Looking Information:

Information set forth in this news release contains forward-looking statements, including, without limitation, the anticipated timing for the Company’s initial drilling at La Flora, the anticipated timing for the assay results from the Company’s drilling program at Cerro Bayo, the anticipated timing for the Phase Two drilling program at Cerro Bayo and the benefits of the parallel advancement of both target generation, initial drilling and follow-up drilling, being the creation of a sustained exploration pipeline with multiple opportunities for discovery across Daura’s growing Argentine portfolio. 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 that the Company may not be able to initiate its drilling at La Flora as anticipated, or at all; risks that the Company may not obtain the assay results for the drilling program at Cerro Bayo as anticipated, or at all; risks that the Company may not be able to initiate its Phase Two drilling program at Cerro Bayo as anticipated, or at all; risks that the Company may not be able to realize the benefit of creating a sustained exploration pipeline with multiple opportunities for discovery across Daura’s growing Argentine portfolio from the Company’s parallel advancement of both target generation, initial drilling and follow-up drilling as anticipated, or at all; future prices and the supply of gold and other precious and other metals; future demand for gold and other valuable metals; inability to raise the money necessary to incur the expenditures required to retain and advance the property; environmental liabilities (known and unknown); general business, economic, competitive, political and social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays in obtaining governmental approvals; adverse weather conditions and failure to obtain necessary regulatory or shareholder approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Daura disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


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