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Minaurum Drills More High-Grade Silver at Alamos Silver Project Minaurum Gold Inc. (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to announce further results of its 2025 resource-definition drill program targeting the Promontorio,

Exploration Programs

NEWS RELEASE

MINAURUM GOLD INC.

FOR RELEASE: October 29, 2025 TRADING SYMBOL TSX.V: MGG

Minaurum Drills More High-Grade Silver at Alamos Silver Project

Minaurum Gold Inc. (“Minaurum”) (TSXV:MGG) (OTCQX:MMRGF) is pleased to

announce further results of its 2025 resource-definition drill program targeting the Promontorio,

Travesia, and Europa vein zones at its Alamos Silver Project (“Alamos”) in Sonora, Mexico.

Drilling continued to return numerous high-grade intersections including: (Table 1; Figures 1-4).

• 4.80 m of 287 g/t silver equivalent (“AgEq”) including 0.50 m of 1,029 g/t AgEq (Hole

AL25-141)

• 1.10 m of 730 g/t AgEq (Hole AL25-142)

• 3.08 m of 523 g/t AgEq (Hole AL25-142)

• 1.40 m of 410 g/t AgEq (Hole AL25-148)

“Drilling continues to demonstrate the continuity of high-grade silver mineralization down

dip and along strike” stated Darrell Rader, President and CEO of Minaurum Gold. “At the

Europa stacked vein system , hole AL25 -142 vein intersected three intervals of significant

mineralization, yielding targets for further drilling and resource development.”

2025 Resource-Definition Drilling

Minaurum has completed 35 holes on the Europa, Promontorio, and Travesia vein zones.

Assays have been received for holes AL25 -129 through AL25 -149, with assays pending for the

remainder (Figures 2 and 3).

Promontorio Vein Zone

Promontorio, along with the Europa vein zone, is one of th e high-priority targets in which

Minaurum will establish a maiden resource at Alamos. The 1 km -long Promontorio vein zone

consists of multiple veins including the Veta Grande and Veta Las Guijas veins. Drilling to date

at Promontorio and Promontorio Sur has intersected mineralization in epithermal vein -hosted

cutting volcanic and intrusive rocks in addition to skarn/carbonate replacement (CRD)

mineralization hosted by limestone in the footwall of the vein zones. Hole AL25-141 intersected

4.80 m of 287 g/t AgEq including 0.50 m of 1,029 g/t AgEq (771 g/t Ag, 0.49 g/t Au, 0.49%

Cu, 2.09% Pb, and 4.29% Zn) and 0.55 m of 753 g/t AgEq (352 g/t Ag, 0.495 g/t Au, 0.79%

Cu, 3.10% Pb, and 7.59% Zn) . Hole AL25-147 drilled approximately 200 m to the southeast,

intersected lead- and zinc-mineralized structures within the limestone in the down -dropped

Promontorio Sur zone target, returning 0.55 m of 140 g/t AgEq and 0.25 m of 139 g/t AgEq ,

presenting CRD mineralization continuity with significant potential at depth (Table 1, Figure 2).

Figure 1. Plan view showing locations of Travesia, Promontorio, and Europa vein zones.

Table 1. Assay highlights of holes AL2 5-141 – AL25-149. Hole locations are shown in Figure 1. Weight-averaged

silver-equivalent grades are based on October 1, 2025 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.

Promontorio

Hole From

(m)

To

(m)

Interval

(m)

Ag

g/t

Au

g/t

Cu

%

Pb

%

Zn

%

AgEq

g/t

AL25-141

254.75 255.45 0.70 176 0.003 0.611 0.312 0.266 251

260.73 261.25 0.52 110 0.131 0.226 0.209 0.353 159

267.50 268.00 0.50 107 0.028 0.248 0.273 0.432 152

334.90 339.70 4.80 154 0.167 0.281 1.063 2.409 287

including

334.90 335.40 0.50 771 0.498 0.499 2.090 4.290 1,029

and

337.20 337.75 0.55 352 0.495 0.797 3.100 7.590 753

AL25-144 279.45 279.60 0.15 47 0.036 0.349 2.140 0.986 158

AL25-146 364.10 365.00 0.90 24.1 0.005 0.072 0.006 0.049 33

AL25-147

269.60 270.15 0.55 63.6 0.255 0.490 0.107 0.083 140

285.00 285.45 0.45 3.5 0.027 0.005 1.160 2.690 106

288.50 288.75 0.25 4.7 0.038 0.023 1.055 3.810 139

Europa

Hole From

(m)

To

(m)

Interval

(m)

Ag

g/t

Au

g/t

Cu

%

Pb

%

Zn

%

AgEq

g/t

AL25-142

177.45 178.55 1.10 606 0.079 0.641 0.817 1.283 730

including

178.00 178.55 0.55 1,075 0.154 1.035 1.380 2.160 1,282

349.55 350.10 0.55 146 0.016 0.226 2.530 5.070 365

473.60 474.10 0.50 177 0.008 0.235 0.181 0.467 218

493.00 497.53 4.53 275 0.081 0.341 0.906 2.145 396

including

494.45 497.53 3.08 369 0.104 0.433 1.231 2.705 523

which includes

495.80 496.30 0.50 983 0.153 0.853 1.985 5.280 1,271

AL25-143

247.85 248.35 0.50 91.8 0.001 0.452 0.069 1.285 174

263.65 264.55 0.90 145 0.035 0.370 0.667 1.410 239

AL25-145 380.80 381.65 0.85 145 0.071 0.383 1.150 1.010 242

AL25-148 194.35 195.75 1.40 300 0.183 0.442 0.663 1.265 410

AL25-149 174.70 175.40 0.70 225 0.067 1.370 1.190 1.655 440

Travesia Vein Zone

The Travesia vein zone lies to the north of the Promontorio zone and in the same structural corridor

(Figures 1 and 2). Further drilling is anticipated at Travesia to test potential for high -grade

mineralization along strike and down dip.

Figure 2. Longitudinal section of Travesia-Promontorio vein zones, showing locations of highlighted mineralized

intersections.

Europa Vein Zone

Drilling has extended high-grade mineralization down-dip and along-strike (see Minaurum news

release dated October 16, 2025). In the Nueva Europa vein zone, an interval of 1.10 m of 730 g/t

AgEq with high grade silver of 606 g/t Ag including 0.55 m of 1,075 g/t Ag.

Hole AL25-142 returned 4.53 m of 396 g/t AgEq including 0.50 m of 1,271 g/t AgEq containing

983 g/t Ag (0.15 g/t Au, 0.85% Cu, 1.98% Pb, 5.28% Zn); and hole AL25-148 reported 1.40 m

of 410 g/t AgEq. Along-strike and to the south, hole AL25-143 returned 0.90 m of 239 g/t AgEq

and AL25-149 reported 0.70 m of 440 g/t AgEq also containing a high -grade interval of 300

g/t Ag. Drilling continues to step out along strike and down dip at Europa. (Table 1 and Figures

3 and 4).

Figure 3. Longitudinal section of Europa vein zone, showing locations of highlighted mineralized intersections.

Figure 4. Cross section of Europa and Nueva Europa vein zones, showing holes AL25-142 and AL25-148.

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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 the Lone Mountain CRD Project in Nevada,

USA. 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

[email protected]

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.

Analytical Procedures and Quality Assurance/Quality Control: Preparation and assaying of drilling samples from

Minaurum's Alamos project are done with strict adherence to a Quality Assurance/Quality Control (QA/QC) protocol.

Core samples are sawed in half and then bagged in a secure facility near the site and then shipped either by a licensed

courieror by Company personnel to ALS Minerals' preparation facility in Hermosillo, Sonora, Mexico. ALS prepares

the samples, crushing them to 70% less than 2mm, split ting off 250g, and pulverizing the split to more than 85%

passing 75 microns. The resulting sample pulps are prepared in Hermosillo, and then shipped to Vancouver for

chemical analysis by ALS Minerals. In Vancouver, the pulps are analyzed for gold by fire assay and ICP/AES on a

30-gram charge. In addition, analyses are done for silver, copper, lead, and zinc using 4-acid digestion and ICP

analysis. Samples with silver values greater than 100 g/t; and copper, lead, or zinc values greater than 10,000 ppm

(1%) are re-analyzed using 4-acid digestion and atomic absorption spectrometry (AAS).

Quality-control (QC) samples are inserted in the sample stream every 20 samples on average, and thus represent 5%

of the total samples. QC samples include standards, blanks, and duplicate samples. Standards are pulps that have

been prepared by a third -party laboratory; they have gold, silver, and base -metal values that are established by an

extensive analytical process in which several commercial labs (including ALS Minerals) participate. Standards test

the calibration of the analytical equipment. Blanks are rock material known from prior sampling to contain less than

0.005 ppm gold; they test the sample preparation procedure for cross-sample contamination. In the case of duplicates,

the sample interval is cut in half and then quartered. The first quarter is the original sample, the second becomes the

duplicate. Duplicate samples provide a test of the reproducibility of assays in the same drilled interval. When final

assays are received, QC sample results are inspected for deviat ion from accepted values. To date, QC sample

analytical results have fallen in acceptable ranges on the Alamos project.

When final assays are received, QC sample results are inspected for deviation from accepted values by the QP. To

date, QC sample analytical results have fallen in acceptable ranges on the Alamos project.

ALS Minerals is independent of Minaurum Gold and is independent of the Qualified Person.

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. 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. Although Minaurum c onsiders 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 are subject to

numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed

or implied in such forward-looking information.

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.