Daura Gold Announces CEO Transition
Daura Gold Announces CEO Transition
Vancouver, British Columbia--(Newsfile Corp. - November 5, 2025) -
Daura Gold Corp. (TSXV: DGC)
("Daura" or the "Company") is pleased to announce the recent transition of Mr. Mark Sumner to Chief
Executive Officer, effective November 1, 2025.
Mr. Sumner, formerly President and Director, will assume responsibility for the Company's day-to-day
operations and strategic direction as it enters a new phase of exploration and growth.
Luis ("Lucho") Saenz, Daura's current CEO, will remain on the Board of Directors and continue to play a
critical role in Peru, supporting advancement of the Company's flagship Antonella-Libélulas Project and
broader regional activities.
"
Formalizing Mark's transition to CEO comes at an exciting time for Daura," said Luis Saenz, Director.
"His leadership has been central to the Company's evolution from inception to an emerging
exploration story with exceptional growth potential. I look forward to continuing to contribute on the
ground as we advance the flagship Antonella-Libélulas Projects in Peru
."
"
I'm honoured to lead Daura into its next phase of development
," said Mark Sumner, incoming CEO of
Daura Gold. "
With a strong treasury, an experienced technical team, and a clear focus on high-impact
exploration, Daura is well positioned to deliver meaningful results and create long-term value for
shareholders.
"
Finders' Fee Update
On October 9, 2025, the Company closed its non-brokered private placement (the "Offering") and issued
28,000,000 units (each, a "Unit") at a price of $0.25 per Unit for gross proceeds of $7,000,000.
Each
Unit consists of one common share in the capital of the Company (each, a "Share") and one-half-of-one
Share purchase warrant (each whole warrant, a "Warrant").
Each Warrant entitles the holder to purchase
one additional Share at a price of $0.375 until October 9, 2027.
In connection with completion of the Offering, the Company paid finders' fees of $218,277.50 and issued
1,726,970 non-transferable share purchase warrants (each, a "Finders' Warrant") and 853,860 units
(each, a "Finders' Unit") to certain arms-length third-parties who assisted in introducing subscribers.
The
number of Finders' Warrants and Finders' Units issued were incorrectly reported in the news release
issued by the Company on October 9, 2025.
Each Finders' Warrant is exercisable on the same terms as
the Warrants.
Each Finders' Unit consists of one Share and one-half-of-one Finders' Warrant.
All
securities issued in the Offering are subject to a statutory hold period until February 10, 2026, in
accordance with applicable Canadian securities laws.
ABOUT DAURA GOLD CORP.
Listed on the TSX Venture Exchange, Daura is advancing high-impact exploration projects in Peru's
renowned Ancash region. Daura owns a 100% undivided interest in over 15,900 hectares of exploration
concessions in Ancash, including the 900-hectare Antonella target and the 2,900-hectares of contiguous
concessions at Libelulas, which is the primary focus of Daura's current exploration efforts.
www.dauragold.com
For further information please contact:
Daura Gold Corp.
543 Granville, Suite 501
Vancouver BC V6C 1X8
William T.P. Tsang, CFO and Secretary
(604) 669-0660
CAUTIONARY STATEMENT REGARDING FORWARD LOOKING INFORMATION:
Information set forth in this news release contains forward-looking statements. These statements
reflect management's current estimates, beliefs, intentions and expectations; they are not guarantees
of future performance. Daura cautions that all forward-looking statements are inherently uncertain and
that actual performance may be affected by a number of material factors, many of which are beyond
Daura's control. Such factors include, among other things: future prices and the supply of gold and
other precious and other metals; future demand for gold and other valuable metals; inability to raise
the money necessary to incur the expenditures required to retain and advance the property;
environmental liabilities (known and unknown); general business, economic, competitive, political and
social uncertainties; results of exploration programs; risks of the mineral exploration industry; delays
in obtaining governmental approvals; adverse weather conditions and failure to obtain necessary
regulatory or shareholder approvals. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Daura disclaims any intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as required by law.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/273216