Minaurum Launches 25,000 Meter Phase 2 Resource Expansion Drill Program at Alamos Silver Project Minaurum Gold Inc . (“Minaurum”) ( TSXV:MGG) (OTCQX: MMRGF) is pleased to announce the successful completion of its Phase I -10,000-meter (m) infill maiden resource drill
NEWS RELEASE
MINAURUM GOLD INC.
FOR RELEASE: November 27, 2025 TRADING SYMBOL TSX.V: MGG
Minaurum Launches 25,000 Meter Phase 2 Resource Expansion
Drill Program at Alamos Silver Project
Minaurum Gold Inc . (“Minaurum”) ( TSXV:MGG) (OTCQX: MMRGF) is pleased to
announce the successful completion of its Phase I -10,000-meter (m) infill maiden resource drill
program and the commencement of a Phase II – approximately 25,000 m resource expansion drill
program at the Alamos Silver Project in Sonora, Mexico.
“With Phase I of our resource -definition drilling now complete , we’re excited to move
toward a key milestone — the delivery of our inaugural resource estimate,” stated Darrell
Rader, President and CEO. “Once we receive assays from the Phase I program, we will
complete the resource estimate. We’re confident that the initial estimate will represent only
a fraction of the project’s full potential, as numerous high-priority discoveries remain
outside the resource. The 25,000-metre Phase II drill program is specifically designed to test
and expand both existing targets and additional zones toward a major resource update in
2026.”
Minaurum has identified 26 vein zones in a n 11 km x 6 km region covering only one fifth of the
Alamos project. Thirteen of the nineteen vein zones drilled returned high -grade silver intercepts
demonstrating the abundant mineralization that occurs throughout the vein zones. Only three of
the thirteen discoveries will be included in the initial resource estimate.
Phase I Drilling targeted three high-grade vein zones — Promontorio, Europa, and Travesia —
which will form the basis of the inaugural resource. Initial results have been released and continue
to demonstrate continuity of high -grade silver mineralization (see Minaurum news release dated
October 16, 2025) . Once received, the remaining assays will be incorporated into the resource
model in advance of the announcement of the resource estimate.
Phase II Drilling will build on the results of phase I with a planned 25,000 meters of drilling. The
program will include step-out holes at the Europa and Travesia silver shoots, as well as additional
drilling at the historic Quintera and Minas Nuevas mines and the more recent discoveries at
Promontorio Sur, Cotera, Pulpito, and San Jose vein zones. Minaurum is well positioned to
advance this next phase, with 263 drill pads already permitted across the project.
Figure 1. Phase II drilling will step out along strike and down-dip of the Phase I–defined resource and test
additional vein zones. The map illustrates vein zones, drill collars, and permitted drill pads across the Alamos
project.
Europa Vein Zone
The cumulative strike length of the vein zone totals 2.8 km and is open more than 1 km along
strike to the south and 0.5 km in the northern extension of the vein zone (Figure 2). Average vein
thickness is 3.00 m with a grade of 454 g/t AgEq* (358 g/t Ag, 0.5% Cu, 0.6% Pb, 1.2% Zn).
Drill targeting will focus on the total strike length and open to depth drilling through multiple
hanging wall veins and splays (Figure 2).
Figure 2. Europa vein zone longitudinal section.
Travesia, Promontorio Sur, and Quintera Vein Zones
The cumulative strike length of the vein zones totals 3.2 km and is open more than 1 km along
strike which includes more than 5 sub parallel veins (Figure 3). Average vein thickness is 5.40 m
with a grade of 338 g/t AgEq* (170 g/t Ag, 0.4% Cu, 1.0% Pb, 2.0% Zn). Drilling at Travesia
which is on the hanging wall of the Quintera vein system, will target a high prospectivity zone on
stacked vein system as well as the parallel striking historic Quintera mine. Promontorio Sur is the
structurally off-set section of the trend with a strike length of 1 km.
Figure 3. Travesia, Quintera and Promontorio vein zone longitudinal section.
Minas Nuevas, San Jose, Pulpito, and Cotera Vein Zones
The cumulative strike length of the vein zones totals 5 km and all are open along strike and at
depth (Figures 4-6). Drill targeting will focus on the 1.2 km strike length at Minas Nuevas at the
Zambona and Purisima veins, targeting secondary veins that have reported grades through
historical drilling. Testing at San Jose will focus on a 1.5 km long section where previous drilling
intercepted a wide vein system with secondary veins and splays. Drilling will also test the stacked
veins at the Pulpito/Cotera vein zone.
Figure 4. Minas Nuevas vein zone longitudinal section.
Figure 5. San Jose vein zone longitudinal section.
Figure 6. Pulpito and Cotera vein zone longitudinal section.
*Weight-averaged silver -equivalent grades are based on October 1 , 202 5 Long-term CIBC Global Mining Group
Analyst Consensus Commodity Price Forecast: Ag $ 29.73/tr oz, Au $2, 646/tr oz, Cu $ 4.34/lb, Pb $ 0.92/lb, Zn
$1.21/lb. Metal recovery assumptions based on comparable projects: 88.3% Ag, 75% Au, 75.5% Cu, 83.1% Pb,
75.5% Zn.
Marketing Agreements
The Company is pleased to announce it has entered into agreements with Capital Analytica
(“Capital”) and National Inflation Association ("NIA") to extend its marketing and
communications services agreements.
The Company has entered into a marketing services agreement with Capital dated November 10,
2025, for a twelve -month term and subject to renewal . The Company agreed to pay Capital
$120,000 in four equal quarterly installments of $30,00 0 for providing services including social
media consultation, social sentiment reporting, social engagement reporting, corporate video
dissemination, news release dissemination, and marketing communications services.
Jeff French is the principal of Capital and will be responsible for all activities related to the
Company. Capital and its principal are arm’s length to the Company and, as of the date hereof, to
the Company’s knowledge, Capital does not own any securities of the Company. Capital is based
in British Columbia, Canada and can be reached via email: [email protected] and phone:
778 872 4551.
The Company has entered into a marketing services agreement with NIA dated November 10,
2025, for a twelve -month term and subject to renewal. The Company agreed to pay NIA
US$100,000 in quarterly installments of USD $30,000, USD $30,000, USD $20,000 and USD
$20,000 for providing services including the promotion of the Company’s activities through NIA’s
email distribution lists, website and blog posts.
Gerard Adams is the principal of NIA and will be responsible for all activities related to the
Company. NIA and its principal are arm’s length to the Company and, as of the date hereof, to
the Company’s knowledge, NIA does not own any securities of the Co mpany. NIA is based in
North Carolina, USA and can be reached via email: [email protected] and phone: 973 277
7674.
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Minaurum Gold Inc. (MGG | TSX Venture Exchange; MMRGF | OTC; 78M Frankfurt) is
an Americas-focused explorer concentrating on the high-grade 100% owned, production-permitted
Alamos silver project in southern Sonora, Mexico and a portfolio of district -scale projects in
Mexico. Minaurum is managed by one of the strongest technical and finance teams and will
continue its founders' legacy of creating shareholder value by acquiring and developing a pipeline
of Tier-One precious-and base metal projects.
ON BEHALF OF THE BOARD
“Darrell A. Rader”
Darrell A. Rader
President and CEO
For more information, please contact:
Sunny Pannu – Investor Relations and Corporate Development Manager
(778) 330 0994 or via email at [email protected]
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this
news release.
___________________________________________________________________________
1570– 200 Burrard Street Telephone: 1 778 330-0994
Vancouver, BC V6C 3L6 www.minaurum.com
Data review and verification: Stephen R. Maynard, Vice President of Exploration of Minaurum and a Qualified
Person (QP) as defined by National Instrument 43 -101, reviewed and verified the assay data, and has approved the
disclosure in this News Release. Verification was done by visual inspection of core samples and comparison to assay
results. Assay results have not been checked by re -analysis. No factors were identified that could materially affect
the accuracy or reliability of the data presented in this news release.
Cautionary Note Regarding Forward Looking Information: This news release contains "forward -looking
information" within the meaning of applicable Canadian securities legislation. "Forward -looking information"
includes, but is not limited to, statements with respect to activities, events or developments that the Company expects
or anticipates will or may occur in the future, including but not limited to: the Company’s expectations regarding the
completion of an inaugural resources estimate at the Alamos Proje ct and the anticipated timing thereof; the
Company’s belief that that the initial resource estimate will represent only a fraction of the full potential of the Alamos
Project, the Company’s expectations around drill targets for the Phase II program as well as the anticipated
completion of an updated mineral resource estimate. Generally, but not always, forward -looking information and
statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or 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" or the negative connotation thereof.
In making the forward -looking information in this release, Minaurum has applied certain factors and assumptions
that are based on Minaurum’s current beliefs as well as assumptions made by and information currently available to
Minaurum, including, but not limited to: that the initial resource estimate will be completed and that it will be
completed on the timeline contemplated; that increased drilling will yield a larger resource estimate; and that the
Company can complete the anticipated Phase II drill pro gram and updated mineral resource estimate. Although
Minaurum considers these assumptions to be reasonable based on information currently available to it, they may
prove to be incorrect, and the forward-looking information in this release is subject to num erous risks, uncertainties
and other factors that may cause future results to differ materially from those expressed or implied in such forward -
looking information, including, but not limited to: the risk that the Company is unable to complete the inaugura l
mineral resource estimate on the timelines anticipated; the risk that the Company is unable to complete the Phase II
drill program; the risk that further drill results on the Alamos Project will not yield a larger mineral resource estimate;
the risk that the Company is unable to complete an upgraded mineral resource estimate.
Readers are cautioned not to place undue reliance on forward -looking information. Minaurum does not intend, and
expressly disclaims any intention or obligation to, update or revise any forward -looking information whether as a
result of new information, future events or otherwise, except as required by law.