Denarius Metals Announces Final Results from the Infill Drilling Program Completed in 2024 at Its Zancudo Project in Colombia, Confirming High-grade Mineralization on Multiple Veins and the Discovery of a New Manto Vein at the Las Brisas Target

Rhea-AI Summary

Denarius Metals (DNRSF) has announced final results from its 2024 infill drilling program at the Las Brisas Target of its Zancudo Project in Colombia. The program, totaling 2,435 meters across 13 drill holes, revealed multiple high-grade gold and silver intercepts, confirming mineralization continuity on the Manto Antiguo and Santa Catalina veins.

Key highlights include:

• 18.27 g/t Au and 1,819 g/t Ag over 0.30m (Manto Antiguo)
• 23.11 g/t Au and 1,653 g/t Ag over 0.40m (Manto Antiguo)
• 14.0 g/t Au and 96 g/t Ag over 0.70m (Santa Catalina)

The company discovered a new manto vein named Manto Brisas in the footwall of the Santa Catalina vein, yielding 12.12 g/t Au and 93 g/t Ag over 0.50m. The 2024 drilling program, designed at 50x50 meters drill centers, aims to upgrade Inferred Resources to Indicated Resources category and support near-term mine development.

Positive

• High-grade gold and silver intercepts confirmed in multiple veins
• Discovery of new Manto Brisas vein expanding resource potential
• Successful delineation of high-grade ore shoots still open along strike
• Ongoing mine development supported by exploration success

Negative

• Relatively narrow mineralization widths (mostly 0.3-1.0m intervals)
• 4 drill holes showed no results above cut-off grade

Highlights from the 2024 Infill Drilling Program at the Las Brisas Target include:

• Multiple high gold and silver grade intercepts were intersected in most of the infill drill holes completed on the Las Brisas vein, confirming the continuity of the mineralization on the Manto Antiguo and Santa Catalina veins and also better delineating a northerly-trending ore-shoot at the intersection of the Manto Antiguo and Santa Catalina veins which is still open along strike.

  • 18.27 g/t Au and 1,819 g/t Ag over 0.30 m from 135.8-136.1 m, hole ZM-185, Manto Antiguo

  • 23.11 g/t Au and 1,653 g/t Ag over 0.40 m from 143.0-143.4 m, hole ZM-193, Manto Antiguo

  • 14.0 g/t Au and 96 g/t Ag over 0.70 m from 129.10-129.80 m, hole ZM-190, Santa Catalina

  • 17.20 g/t Au and 101 g/t Ag over 0.30 m from 94.70-95.0 m, hole ZM-192, Santa Catalina

• A new manto (flat-lying) vein named Manto Brisas was discovered in the footwall of the Santa Catalina vein and close to the Manto Antiguo vein.

  • 12.12 g/t Au and 93 g/t Ag over 0.50 m from 164.9-165.4 m, hole ZM-185, Manto Brisas

Toronto, Ontario--(Newsfile Corp. - April 16, 2025) - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") provided an update today on the drill results from its surface infill diamond drilling program completed in the second half of 2024 at the Company's second priority target, Las Brisas, at its Zancudo Project in Colombia. The results announced today have been received from the final assays for 13 drill holes from the Las Brisas Target totaling approximately 2,435 meters bringing the total drilling completed in 2024 at the Zancudo Project to 7,225 meters in 45 drill holes.

The 2024 infill drilling program was designed at 50x50 meters drill centers and was aimed at upgrading Inferred Resources to the Indicated Resources category and to support near term mine development. The 2024 drilling program focused on two priority areas, Los Albertos and Las Brisas, which contain most of the existing mineral resources. The drilling program designed for the first priority target, Los Albertos, commenced in late April 2024 and was completed in late July 2024. Final results from 4,790 meters of drilling completed in 32 drill holes at the Los Albertos Target were announced in a press release on September 10, 2024. The drilling program at the Las Brisas Target was carried out in the second half of 2024 with one drill rig.

Serafino Iacono, Executive Chairman of Denarius Metals, commented, "We are very pleased with the drilling results achieved at the Las Brisas Target, which reinforce that systematic, more tightly spaced, infill drilling has produced very positive results similar to those previously achieved at the Los Albertos Target. In addition, the discovery of a new mineralized manto vein close to the Manto Antiguo vein introduces a new player in the future exploration plan for the Las Brisas Target. These results confirm the results from previous drilling campaigns and have better delineated a high-grade ore shoot, which is still open along strike, within the main Manto Antiguo vein that significantly de-risks the future production at the Zancudo underground operation. We look forward to completing an updated Mineral Resource estimate incorporating the 2024 drilling program results in the third quarter this year. As previously announced, we have recently commenced mining operations at our Zancudo Project. As we continue to ramp up our production rate at Zancudo, we will support our mine development with an ongoing exploration program aimed at the continued expansion of the high-grade resources at the Zancudo Project."

Las Brisas Target - Drilling Results Details (see Table below and Figures 1-5 attached)

• The northerly-trending Santa Catalina vein, which dips steeply to the east near surface and gently at depth, is interpreted as a mineralized master fault structure and feeder of the mineralization for the entire vein system; while the Manto Antiguo vein, which was the main vein mined historically, is interpreted as a WNW-ESE trending brecciated manto structure that merges into the footwall of the Santa Catalina vein. It hosts clasts with thin layers of mineralization composed of quartz, pyrite, arsenopyrite, sphalerite and galena, embedded in a matrix of sulfides and milled rock. This vein was selectively exploited by past mining, which focused on the sectors of the mine that showed the highest concentration of sulfides, allowing us today to evaluate and quantify an important resource that was left unexploited.

• The Las Brisas Target represents an unexploited block within the Manto Antiguo vein preserved by past mining.

• A new manto vein named Manto Brisas, trending WNW with a shallow dip to the north, was intersected in the footwall of the Santa Catalina vein, with maximum grades of 12.12 g/t Au and 93 g/t Ag over 0.50 meters from 164.90 m to 165.40 m (ZM-185).

• The infill drilling program for the Las Brisas Target was designed at 50x50 meters drill centers from two platforms (B1 and B3) located in the southern part of the Las Brisas Target. It was aimed at better delineating two ore-shoots outlined by previous drilling on the Manto Antiguo and Santa Catalina veins, of which the Manto Antiguo ore shoot is controlled by the intersection of the Manto Antiguo and Santa Catalina veins and which usually shows wider and higher-grade intercepts.

• Drilling was successful in confirming the high-grade gold and silver mineralization in the ore-shoot outlined by previous drilling on the Manto Antiguo vein. High grade gold and silver intercepts were intersected from 4 drill holes, totaling 509 meters, with maximum intersection grades of 23.11 g/t Au and 1,653 g/t Ag over 0.40 m from 143.0 m to 143.4 m (ZM-193).

• Drilling was also successful in confirming and better delineating the high gold and silver mineralization in the ore-shoot outlined by previous drilling on the Santa Catalina vein. Medium to high grade gold and silver intercepts were intersected from 3 drill holes, totaling 706 meters, with maximum intersection grades of 17.20 g/t Au and 101 g/t Ag over 0.30 m from 94.70 m to 95.0 m (ZM-192).

Given the long-term growth opportunity through exploration at the Zancudo Project, the Company is committed to an ongoing investment in drilling and is currently making plans to undertake another drilling campaign in 2025 aimed at upgrading Inferred Resources to the Indicated Resources category within the Las Brisas Target and also outside the two priority targets to accelerate mine development in the near to medium term.

The following table shows intersections above a cut-off of 4.0 g/t AuEq for the Las Brisas Target from the 2024 infill drilling campaign. High grade samples above 10 g/t Au and 100 g/t Ag are listed as sub-intervals:

Year	Target	Hole ID	Structure		From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	AuEq g/t
2024	Las Brisas	ZM-181	Unknown		160.5	162.4	1.9	3.03	11	3.2
				Including	160.5	161.1	0.6	4.33	11	4.5
		ZM-183	Manto Antiguo		162.2	163.2	1.0	3.65	143	5.4
				Including	162.2	162.5	0.3	12.05	469	17.9
			Manto Brisas		187.3	188.9	1.6	4.51	43	5.0
				Including	188.2	188.9	0.7	5.73	35	6.2
		ZM-184	Manto Antiguo		200.7	201.8	1.1	2.28	82	3.3
				Including	201.4	201.8	0.4	5.44	192	7.8
		ZM-185	Manto Antiguo		135.4	136.4	1.0	5.93	586	13.3
				Including	135.8	136.1	0.3	18.27	1,819	41.0
			Manto Brisas		164.9	165.9	1.0	6.46	50	7.1
				Including	164.9	165.4	0.5	12.12	93	13.3
		ZM-186	Unknown		19.5	20.0	0.5	13.03	4	13.1
					83.7	84.0	0.3	5.24	810	15.4
		ZM-187	Unknown		66.4	67.4	1.0	2.54	26	2.9
				Including	66.7	67.1	0.4	6.98	68	7.8
			Unknown		152.4	153.4	1.0	6.21	57	6.9
				Including	152.7	153.1	0.4	16.52	143	18.3
			Manto Antiguo		175.0	176.2	1.2	1.79	53	2.5
				Including	175.0	175.4	0.4	5.60	143	7.4
		ZM-188	Santa Catalina		61.2	62.3	1.1	4.34	39	4.8
				Including	61.5	61.9	0.4	13.17	90	14.3
			Unknown		136.2	137.4	1.2	2.58	29	2.9
					136.6	137.1	0.5	5.62	59	6.4
			Manto Antiguo		144.8	146.0	1.2	3.52	30	3.9
					145.2	145.7	0.5	9.56	64	10.4
		ZM-189	Santa Catalina		54.1	55.2	1.1	3.00	27	3.3
				Including	54.5	54.8	0.4	7.93	72	8.8
		ZM-190	Santa Catalina		129.1	130.1	1.0	13.93	196	16.4
				Including	129.1	129.8	0.7	14.00	96	15.2
			Manto Antiguo		160.4	161.3	0.9	1.47	82	2.5
				Including	160.9	161.3	0.3	3.09	167	5.2
					164.1	165.0	0.9	7.67	402	12.7
				Including	164.5	165.0	0.6	12.19	642	20.2
		ZM-191	Manto Antiguo		147.1	148.2	1.1	3.07	158	5.0
				Including	147.1	147.9	0.8	4.36	160	6.9
					153.2	154.1	0.9	13.57	636	21.5
				Including	153.2	153.8	0.6	21.02	984	33.3
		ZM-192	Santa Catalina		94.7	95.4	0.7	8.93	53	9.6
				Including	94.7	95.1	0.3	17.20	101	18.5
			Manto Antiguo		150.2	151.7	1.5	2.58	94	3.8
				Including	151.3	151.7	0.4	4.18	46	4.8
			Unknown		132.9	133.7	0.8	1.87	48	2.5
					132.9	133.3	0.4	3.77	93	4.9
		ZM-193	Manto Antiguo		143.0	144.1	1.1	8.83	605	16.4
				Including	143.0	143.4	0.4	23.11	1,652	43.8
		ZM-194	Santa Catalina		103.4	104.1	0.7	3.37	32	3.8
				Including	103.4	103.8	0.4	5.80	60	6.6

 

Notes to Las Brisas table:

(1) The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.
(2) Equivalent gold grades (AuEq g/t) were calculated using prices of US$2,000/oz gold and US$25.00/oz silver. The gold equivalent formula is: AuEq = Au + (Ag / (Au Price/Ag Price)).
(3) "Unknown": new structure that doesn't correlate with any of the known structures/veins
(4) There are no results above cut-off grade for 4 holes (ZM-181, ZM-184, ZM-189, ZM-194), so these holes are not listed in the table above.

Please refer also to the attached illustrative images showing the location of the drill holes for the 2024 drilling campaign, a sketch of the main structures for the Las Brisas Target, and long sections showing intercept locations for the Manto Antiguo and Santa Catalina veins.

Los Albertos Target - Drilling Results Details Previously Announced on September 10, 2024

As noted earlier in this press release, the Company announced the results on September 10, 2024 from the results received from the final assays for 32 drill holes representing 4,790 meters carried out as part of the 2024 infill drilling campaign at the Los Albertos Target. The following table from that press release shows intersections above a cut-off of 4.0 g/t AuEq for the Los Albertos Target. High grade samples above 10 g/t Au and 100 g/t Ag are listed as sub-intervals:

Year	Target	Hole ID	Structure		From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)	AuEq g/t
2024	Albertos	ZM-150	Ortiz A		60.2	60.6	0.4	4.05	229	6.9
			Ortiz A		62.0	62.7	0.8	3.73	22	4.0
			Ortiz System		72.1	74.1	2.0	4.77	87	5.9
				Including	72.1	72.4	0.3	15.64	533	22.3
				Including	73.7	74.1	0.3	10.09	23	10.4
			Ortiz System		82.0	82.5	0.5	3.68	210	6.3
			Ortiz B		87.3	88.0	0.7	3.21	110	4.6
			Manto Antiguo		92.8	94.2	1.3	10.11	41	10.6
				Including	93.1	93.5	0.4	29.53	91	30.7
		ZM-151	Ortiz System		90.5	102.5	12.0	6.04	92	7.2
				Including	101.2	101.8	0.6	15.75	275	19.2
				Including	101.8	102.5	0.7	25.94	245	29.0
			Ortiz B		91.1	92.8	1.7	5.49	200	8.0
				Including	91.1	91.7	0.6	10.35	290	14.0
			Manto Antiguo		96.2	98.8	2.6	10.41	153	12.3
				Including	96.2	96.8	0.6	5.71	344	10.0
				Including	96.8	97.6	0.8	21.41	94	22.6
			Unknown		109.6	109.9	0.3	19.25	90	20.4
		ZM-152	Ortiz A		49.7	51.0	1.3	4.71	50	5.3
			Ortiz System		53.8	54.3	0.5	4.29	366	8.9
			Ortiz System		55.6	56.3	0.7	16.36	1,041	29.4
			Ortiz System		60.6	60.9	0.3	7.52	227	10.4
			Manto Antiguo		81.3	82.6	1.3	16.54	93	17.7
				Including	81.3	81.9	0.7	22.70	155	24.6
				Including	81.9	82.6	0.6	10.38	32	10.8
			Ortiz B		109.0	109.3	0.3	7.77	31	8.2
		ZM-153	Unknown		90.2	91.0	0.9	5.61	11	5.8
				Including	90.2	90.5	0.3	15.30	30	15.7
			Manto Antiguo		98.1	100.0	1.9	2.58	237	5.5
				Including	98.1	98.7	0.5	3.30	314	7.2
			Unknown		106.4	107.2	0.8	7.59	7	7.7
		ZM-154	Ortiz System		42.3	43.4	1.2	8.89	10	9.0
				Including	42.9	43.4	0.6	12.89	16	13.1
			Ortiz System		58.7	59.0	0.3	7.88	187	10.2
			Ortiz B		113.8	114.1	0.3	14.21	385	19.0
			Ortiz B		116.7	118.0	1.3	21.75	465	27.6
				Including	117.2	117.6	0.4	37.60	1,190	52.5
				Including	117.6	118.0	0.5	28.24	31	28.6
		ZM-155	Unknown		47.5	48.9	1.4	3.86	28	4.2
			Manto Antiguo_Upper		125.0	125.5	0.5	6.64	48	7.2
			Manto Antiguo		139.6	140.1	0.5	5.60	17	5.8
		ZM-156	Ortiz System		50.4	51.7	1.4	20.66	62	21.4
				Including	50.4	50.8	0.4	53.51	154	55.4
			Ortiz System		53.2	53.9	0.7	13.04	157	15.0
			Ortiz System		68.1	68.8	0.7	7.06	56	7.8
			Ortiz System		71.6	71.9	0.3	5.32	54	6.0
			Ortiz System		94.9	95.6	0.7	5.82	59	6.6
			Ortiz System		141.5	141.8	0.3	4.84	263	8.1
			Ortiz B		147.1	149.4	2.3	7.51	537	14.2
				Including	147.1	147.6	0.5	12.77	324	16.8
				Including	147.6	148.6	1.1	6.18	274	9.6
		ZM-157	Ortiz System		64.3	64.7	0.4	9.57	33	10.0
			Ortiz A		71.9	73.7	1.8	5.80	415	11.0
				Including	71.9	72.3	0.4	3.43	281	6.9
				Including	72.3	73.0	0.7	8.03	367	12.6
			Ortiz System		78.3	78.8	0.5	6.05	287	9.6
			Manto Antiguo		84.8	85.7	0.9	9.49	155	11.4
				Including	85.2	85.7	0.5	14.31	202	16.8
		ZM-158	Manto Antiguo_E		46.8	49.7	3.0	7.67	150	9.5
				Including	46.8	47.3	0.5	14.31	15	14.5
				Including	47.7	48.3	0.5	16.18	756	25.6
				Including	49.4	49.7	0.4	11.16	40	11.7
			Unknown		56.5	56.8	0.3	12.81	374	17.5
			Manto Antiguo		83.3	84.6	1.3	6.87	9	7.0
ZM-159	Manto Antiguo_E		42.9	44.3	1.4	4.99	124	6.5
		Including	43.6	44.3	0.7	4.88	228	7.7
	Manto Antiguo		58.6	59.4	0.8	4.02	24	4.3
	Manto Antiguo		60.6	62.1	1.6	7.74	890	18.9
		Including	61.7	62.1	0.4	22.37	2,752	56.8
	Ortiz B		131.4	132.2	0.7	20.80	387	25.6
ZM-160	Unknown		13.5	13.9	0.5	44.71	1,889	68.3
	Unknown		16.5	17.6	1.1	10.62	93	11.8
		Including	16.9	17.6	0.7	12.90	142	14.7
ZM-161	Porvenir		55.7	56.4	0.7	3.10	73	4.0
			69.0	72.9	3.9	3.89	224	6.7
		Including	69.0	69.7	0.7	5.07	400	10.1
		Including	69.7	70.3	0.6	3.86	307	7.7
		Including	72.2	72.9	0.8	9.62	495	15.8
	Manto Antiguo		75.6	77.8	2.1	7.13	317	11.1
		Including	75.6	76.0	0.4	17.16	21	17.4
		Including	77.0	77.4	0.4	10.60	1,484	29.2
		Including	77.4	77.8	0.3	10.80	86	11.9
ZM-162	Unknown		3.0	6.7	3.7	7.12	10	7.2
		Including	4.1	4.9	0.8	16.13	13	16.3
	Unknown		32.7	33.1	0.4	8.21	44	8.8
	Ortiz System		42.7	43.1	0.4	11.07	109	12.4
	Porvenir		52.4	53.2	0.8	11.75	201	14.3
		Including	52.8	53.2	0.4	17.53	380	22.3
ZM-163	Manto Antiguo_E		38.5	39.0	0.5	8.81	161	10.8
	Ortiz B		111.7	112.3	0.5	7.11	264	10.4
	Ortiz B		115.2	116.1	0.8	4.38	16	4.6
ZM-164	Porvenir		24.5	25.0	0.5	5.11	19	5.3
			28.6	29.5	0.9	8.03	42	8.5
		Including	28.6	28.9	0.3	18.21	82	19.2
	Ortiz A		53.5	54.2	0.7	4.81	45	5.4
	Ortiz B		95.1	97.0	1.9	5.66	56	6.4
		Including	95.1	95.7	0.6	15.64	86	16.7
	Ortiz System		98.4	98.7	0.3	5.62	133	7.3
ZM-165	Unknown		17.2	17.8	0.6	43.75	42	44.3
	Porvenir		47.6	48.0	0.4	23.28	64	24.1
	Ortiz System		55.4	55.7	0.4	8.40	2	8.4
	Ortiz System		57.6	58.0	0.4	9.75	25	10.1
	Manto Antiguo		64.6	65.7	1.1	4.27	203	6.8
		Including	64.6	65.0	0.4	9.54	578	16.8
ZM-166	Unknown		3.1	3.7	0.6	20.15	180	22.4
	Ortiz System		39.7	40.4	0.7	5.71	12	5.9
		Including	40.0	40.4	0.4	10.80	22	11.1
ZM-167	Manto Antiguo_E		30.6	32.5	2.0	6.94	79	7.9
ZM-168	Unknown		2.0	2.6	0.7	16.07	230	18.9
	Porvenir		28.1	28.7	0.6	4.66	7	4.8
	Ortiz System		35.6	36.2	0.6	4.69	104	6.0
ZM-169	Unknown		2.8	4.6	1.8	4.68	55	5.4
		Including	4.2	4.6	0.4	4.76	183	7.0
	Unknown		7.0	7.8	0.8	24.39	190	26.8
	Porvenir		54.4	54.7	0.4	4.11	862	14.9
ZM-170	Ortiz System		33.4	33.8	0.4	6.83	27	7.2
	Porvenir		139.0	139.3	0.3	7.02	497	13.2
	Ortiz System		148.6	150.6	2.0	3.63	108	5.0
		Including	148.6	149.1	0.5	9.02	305	12.8
		Including	150.3	150.6	0.3	7.12	168	9.2
ZM-171	Porvenir		105.7	106.2	0.5	7.27	512	13.7
ZM-172	Manto Antiguo_E		3.3	3.6	0.3	23.47	398	28.4
ZM-173	Manto Antiguo_E		1.1	2.1	1.0	14.97	137	16.7
		Including	1.1	1.5	0.4	37.27	169	39.4
	Ortiz B		158.3	159.0	0.7	4.43	13	4.6
		Including	158.7	159.0	0.3	9.63	27	10.0
ZM-174	Unknown		9.4	11.8	2.4	12.88	437	18.3
		Including	10.6	11.8	1.1	17.06	791	26.9
	Unknown		43.9	44.2	0.3	10.54	82	11.6
	Porvenir		87.1	87.6	0.4	5.31	204	7.9
	Ortiz B		129.3	129.8	0.5	6.13	200	8.6
ZM-175	Unknown		15.4	17.2	1.8	4.15	65	5.0
		Including	16.6	17.2	0.6	8.24	165	10.3
	Ortiz B		143.2	143.5	0.3	8.71	6	8.8
ZM-176	Unknown		7.8	8.3	0.5	4.47	7	4.6
	Ortiz B		185.8	186.3	0.5	10.03	7	10.1
ZM-177	Ortiz B		134.0	134.9	0.9	6.97	35	7.4
		Including	134.0	134.5	0.6	5.76	14	5.9
		Including	134.5	134.9	0.3	9.05	72	10.0
ZM-178	Unknown		0.0	1.9	1.9	3.30	71	4.2
	Porvenir		189.7	190.1	0.4	3.77	84	4.8
ZM-179	Porvenir		20.2	21.0	0.8	5.66	188	8.0
		Including	20.2	20.6	0.4	11.32	387	16.2
	Ortiz B		141.9	142.4	0.5	2.47	332	6.6
ZM-180	Unknown		19.5	20.5	1.0	6.04	114	7.5
		Including	19.5	19.9	0.4	11.43	295	15.1
	El Ortiz A		59.8	60.5	0.7	4.01	5	4.1
	El Ortiz B		128.3	128.7	0.4	6.57	251	9.7
ZM-182	Unknown		66.4	66.7	0.3	9.25	20	9.5

 

Notes to Los Albertos table:

(1) The intervals are core lengths. The true widths are estimated to be 80% to 90% of the lengths.
(2) Equivalent gold grades (AuEq g/t) were calculated using prices of US$2,000/oz gold and US$25.00/oz silver. Gold equivalent formula: AuEq = Au + (Ag / (Au Price/Ag Price)).
(3) "Unknown": new structure that doesn't correlate with any of the known structures/veins

Qualified Person

Dr. Stewart D. Redwood, PhD, FIMMM, QMR, FGS, Senior Consulting Geologist to the Company, is a qualified person as defined by National Instrument 43-101 - Standards of Disclosure or Mineral Projects and prepared or reviewed the preparation of the scientific and technical information in this press release. Verification including a review of the quality assurance and quality control samples, and review of the applicable assay databases and assay certificates.

Quality Assurance and Quality Control

The drill samples from the Project were prepared by SGS Labs (ISO 9001:2015) at their laboratory in Medellin, Colombia, and assayed by them at their laboratory in El Callao, Lima, Peru. Gold was assayed by 50 g fire assay with AAS finish. Samples over 6.0 g/t gold were re-assayed by 50 g fire assay with gravimetric finish. Silver and other elements were analyzed in a multi-element package by aqua regia digestion and ICP-AES finish. Silver samples above 100 g/t were re-assayed by multi-acid digestion and AAS finish. Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control.

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of polymetallic mining projects in high-grade districts in Colombia and Spain. On March 27, 2025, the Company celebrated the first anniversary of the graduation of its listing to Cboe Canada where it trades under the symbol "DMET". The Company also trades on the OTCQX Market in the United States under the symbol "DNRSF".

In Colombia, Denarius Metals recently commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit, which includes the historic producing Independencia mine, located in the Cauca Belt, about 30 km southwest of Medellin.

In Spain, Denarius Metals has interests in three projects focused on in-demand critical minerals. The Company owns a 21% interest in RNR and is the operator of its Aguablanca Project, which has recently been recognized by the EU as a Strategic Project. The Aguablanca Project comprises a turnkey 5,000 tonnes per day processing plant and the rights to exploit the historic producing Aguablanca nickel-copper mine, located in Monesterio, Extremadura. Denarius Metals also owns a 100% interest in the Lomero Project, a polymetallic deposit located on the Spanish side of the prolific copper rich Iberian Pyrite Belt, approximately 88 km southwest of the Aguablanca Project, and a 100% interest in the Toral Project, a high-grade zinc-lead-silver deposit located in the Leon Province, Northern Spain.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including exploration programs, expected exploration results and mineral resource estimates. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2025 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

For Further Information, Contact:

Michael Davies
Chief Financial Officer
(416) 360-4653
investors@denariusmetals.com

Attachment 1. Zancudo Project Main Targets

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Attachment 2. 3D Structural Sketch of the Las Brisas Target

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Attachment 3. Map showing the location of the drill holes for the Las Brisas 2024 drilling campaign

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Attachment 4. Long-section showing the ore-shoot on the Manto Antiguo vein

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Attachment 5. Long-section showing the ore-shoot on the Santa Catalina vein

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248584

FAQ

What are the highest gold and silver grades discovered in DNRSF's 2024 Las Brisas drilling program?

The highest grades were 23.11 g/t Au and 1,653 g/t Ag over 0.40m in hole ZM-193 on the Manto Antiguo vein.

What is the significance of the new Manto Brisas vein discovery at DNRSF's Zancudo Project?

The newly discovered Manto Brisas vein, located in the footwall of Santa Catalina vein, yielded 12.12 g/t Au and 93 g/t Ag over 0.50m, introducing a new exploration target.

How many meters were drilled in DNRSF's 2024 Las Brisas Target program?

The Las Brisas Target program completed 2,435 meters across 13 drill holes, part of a larger 7,225-meter program at Zancudo Project.

What is the main objective of DNRSF's 2024 infill drilling program at Zancudo?

The program aims to upgrade Inferred Resources to Indicated Resources category and support near-term mine development, with drill centers designed at 50x50 meters.