Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) announced an update on its capital structure following the expiry of the Company’s unlisted warrants on April 4, 2026.

Since the beginning of 2026, the Company has received total gross proceeds of approximately CA$24.7 million in cash from the exercise of approximately 40.3 million warrants at exercise prices ranging from CA$0.50 to CA$8.00 per share, including approximately CA$22.0 million from the exercise of 36.7 million warrants that expired on March 2, 2026 and April 4, 2026. As at April 7, 2026, the Company had a total of 202,359,191 common shares issued and outstanding and a market capitalization of approximately CA$184 million⁽¹⁾.

As at April 7, 2026, the Company had the following securities issued and outstanding:

_{(1) Based on the closing price of the common shares on Cboe Canada of CA$0.91 per share on April 7, 2026.}

About Denarius Metals

Denarius Metals is a Canadian junior company engaged in the acquisition, exploration, development and eventual operation of precious metals and polymetallic mining projects in high-grade districts in Colombia and Spain. Denarius Metals is listed on 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 is producing gold and silver in an “early production” phase at its 100%-owned Zancudo Project while it completes construction a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates by the third quarter of 2026. The Zancudo Project is a high-grade gold-silver deposit, which includes the historic producing Independencia mine, and is 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 21.8% interest in Rio Narcea Recursos, S.L. and is the operator of its Aguablanca Project, which has 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.