DENARIUS METALS CORP - DNRSF STOCK NEWS

Denarius Metals Corp. (OTCQB: DNRSF) reported the results of its Annual General and Special Meeting held on October 20, 2022. Key highlights include:

• Directors: Eight directors were elected, with over 99% approval for all.
• Auditors: KPMG LLP was appointed as auditors with 99.995% approval.
• Stock Option Plan: An ordinary resolution for a stock option plan was approved, limiting share issuance to 10% of outstanding shares.

The Company focuses on high-grade mining projects in Spain and Colombia.

Denarius Metals Corp. has signed a Letter of Intent with Europa Metals Ltd. for a joint-venture arrangement concerning the Toral Zn-Pb-Ag Project in Northern Spain. Denarius can acquire up to an 80% ownership stake in two stages, subject to due diligence and regulatory approvals. The Toral Project is situated in a historically rich mining area, with significant mineral resources estimated, including 5.9 million metric tons indicated at 7.1% Zinc Equivalent. Denarius aims to capitalize on increasing raw metals prices driven by industry demands and geopolitical risks.

Denarius Metals Corp. announced an initial Inferred Mineral Resource estimate for its Lomero-Poyatos Project in southern Spain. The estimate includes 10.66 Mt at 0.45% Cu, 1.02% Zn, 0.41% Pb, 21 g/t Ag, and 2.0 g/t Au, equating to 1.59% CuEq, containing approximately 48 kt Cu and 7.4 Moz Ag. The resource is characterized by both open pit and underground mining potential. Following a successful Phase 1 drilling program with 26,000 m completed in 83 holes, Denarius plans further drilling to validate historical data and expand the resource, which remains open for exploration.

Denarius Metals Corp. (OTCQB: DNRSF) has released its unaudited interim financial results for Q2 and H1 2022. The company reported a net loss of $0.8 million for Q2 and $1.6 million for H1, significantly reduced from $3.9 million and $22.5 million, respectively, in the previous year. Denarius completed 22,543 meters of drilling at its Lomero Project, confirming geological grades and widths. It plans a Mineral Resource estimate update by Q3 2022 and an exploration campaign at its Zancudo Project following the termination of IAMGOLD's agreement. The company has a cash position of $7.5 million for future projects.

Denarius Metals announced the completion of assays for 31 drill holes totaling 8,236 meters at its Lomero-Poyatos Project in Spain. This brings the total drilling to 22,543 meters across 75 holes. Validation and infill drilling has confirmed the grades and widths from prior campaigns. Notably, drill hole LM22053 intersected significant mineralization, with 1.69% copper, 115.44 g/t silver, and 9.56 g/t gold. Additionally, geophysical surveys suggest potential for new deposits to the east and down-dip of the current site, enhancing growth prospects. A mineral resource estimate is anticipated by Q3 2022.

Denarius Metals Corp. (OTCQB: DNRSF) has filed its unaudited interim financial statements for Q1 2022, reporting a net loss of $0.8 million compared to a net loss of $18.5 million in Q1 2021. The company spent $2.1 million on exploration, mainly on its Lomero Project in Spain. As of March 31, 2022, Denarius has $11.6 million in cash, positioning it well for ongoing projects. The current drilling program is 83% complete, and metallurgical testing is set to begin in June.

Denarius Metals Corp. (TSXV: DSLV; OTCQB: DNRSF) reported its audited financial results for the year ending December 31, 2021. The company recorded a net loss of $25.4 million ($0.16 per share) for the year, compared to a loss of $85,000 in 2020. As of December 31, 2021, Denarius holds $14.8 million in cash with no debt, fully funding its exploration programs in Spain and Colombia. The company has initiated a significant drilling campaign at its Lomero Project and expects to complete its Guia Antigua Project's current drilling by mid-2022, aiming for a mineral resource estimate by Q3 2022.

Denarius Metals Corp. (TSXV: DSLV; OTCQB: DNRSF) announced the completion of assays for nine additional infill drill holes at its Lomero-Poyatos Project in southern Spain, totaling 2,788 meters. The drilling program, now reaching approximately 12,500 meters, confirms high-grade copper, zinc, and gold mineralization. Key findings include continuous mineralization at depth and enriched zones across significant strike lengths. Denarius has engaged consulting firms for advanced geophysical surveys to further assess mineralization potential.