DPM Metals Inc. (TSX: DPM) (ASX: DPM) (ARBN: 689370894) is pleased to announce preliminary production results for the three and six months ended June 30, 2026.

“Driven by strong performance from Chelopech and the ongoing ramp-up of Vareš, we delivered increased gold equivalent production in the second quarter,” said David Rae, President and Chief Executive Officer of DPM Metals.

“Our continued return of capital program, which totaled over US$49 million of share repurchases during the second quarter, reflect our confidence and excitement for DPM’s continued exploration success, including the significant new discovery of the high-grade Brevene South Porphyry we announced in June.”

Preliminary Second Quarter 2026 Production Highlights

Preliminary results for the second quarter of 2026 are provided below:

1. The Company uses conversion ratios for calculating GEO for its silver, copper, zinc and lead production and sales, which are calculated by multiplying the volumes of metal produced or sold, as applicable, by the respective average market metal prices for the quarter, and dividing the resulting figure by the average market gold price. See section titled “Gold Equivalent Calculation” on page 3 for the average market metals prices used in the calculation of second quarter gold equivalent production.

Preliminary results for the first half of 2026 are provided below:

1. The Company uses conversion ratios for calculating GEO for its silver, copper, zinc and lead production and sales, which are calculated by multiplying the volumes of metal produced or sold, as applicable, by the respective average market metal prices for the quarter, and dividing the resulting figure by the average market gold price. See section titled “Gold Equivalent Calculation” on page 3 for the average market metals prices used in the calculation of the first half of 2026 gold equivalent production.

Vareš produced approximately 35,000 GEO in the second quarter, in line with the planned ramp-up of the mine to full production. DPM has continued to make strong progress at Vareš, achieving targeted development rates averaging over 400 metres per month and processed 117,000 tonnes in the second quarter, a 48% quarter-on-quarter increase. Construction of the paste backfill plant and second tailings filter continue to advance, and both are expected to be operational before the end of the year. Commissioning of the water treatment plant has commenced. The planned shutdown of the processing plant was completed in seven days, ahead of schedule and allowing for reduced downtime during the quarter. Overall, the Vareš ramp-up is proceeding on plan, and DPM expects to achieve the full production run-rate of 850,000 tonne per annum by the end of 2026.

As anticipated, GEO production at Chelopech increased relative to the first quarter of 2026 due to planned higher gold and silver grades, with second quarter production of approximately 56,000 GEO. Chelopech is on-track to achieve its production guidance for 2026.

Ada Tepe produced approximately 11,000 GEO in the second quarter. The final production blast at Ada Tepe occurred in mid-April, and the processing plant is scheduled to conclude operations on July 15, 2026. After this, certain processing facilities will be dismantled and refurbished in preparation for the Čoka Rakita project, which is expected to commence construction in early 2027. The Company is committed to the responsible closure and rehabilitation of Ada Tepe in-line with the highest standards and in accordance with the regulatory framework. Upon completion of its rehabilitation plan, DPM expects 95% of Ada Tepe’s land use to be returned to the Natura 2000, the European Union’s nature protection network.

Return of Capital to Shareholders

During the second quarter of 2026, DPM repurchased 1,442,548 common shares at an average price of US$34.19 (Cdn$47.41) per share for a total cost of approximately US$49.4 million under its Normal Course Issuer Bid. Year-to-date, the Company has repurchased approximately 2,143,348 common shares at an average price of US$34.88 (Cdn$48.18) per share for a total of approximately US$74.8 million.

As previously announced in May 2026, DPM will pay a quarterly dividend of US$0.04 per share on July 15, 2026, to shareholders of record on June 30, 2026.

Timing of Second Quarter 2026 Operating and Financial Results

The Company plans to release its second quarter 2026 operating and financial results after market close on Thursday, July 30, 2026. The news release, Management’s Discussion and Analysis and condensed interim consolidated financial statements will be posted on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.dpmmetals.com.

Gold Equivalent Calculation

The Company uses conversion ratios for calculating GEO for its silver, copper, zinc and lead production and sales, which are calculated by multiplying the volumes of metal produced or sold, as applicable, by the respective assumed metal prices, and dividing the resulting figure by the assumed gold price.

GEO produced and sold for the second quarter and first half of 2026 and DPM’s 2026 guidance are based on the following metal prices:

For more information regarding DPM’s 2026 guidance and three-year outlook, refer to the MD&A for the three months ended March 31, 2026, issued on May 5, 2026, available on at www.sedarplus.ca and at www.dpmmetals.com.

Technical Information

The technical and scientific information in this press release has been reviewed and approved by Ross Overall, Director, Corporate Technical Services, of the DPM, who is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and not independent of the Company.

About DPM Metals Inc.

DPM Metals Inc. is a Canadian-based international gold mining company with operations and projects located in Bulgaria, Bosnia and Herzegovina, Serbia and Ecuador. Our strategic objective is to become a mid-tier precious metals company, which is based on sustainable, responsible and efficient gold production from our portfolio, the development of quality assets, and maintaining a strong financial position to support growth in mineral reserves and production through disciplined strategic transactions. This strategy creates a platform for robust growth to deliver above-average returns for our shareholders. DPM trades on the Toronto Stock Exchange (symbol: DPM) and the Australian Securities Exchange as a Foreign Exempt Listing (symbol: DPM).