DENARIUS METALS ANNOUNCES CLOSING OF STRATEGIC INVESTMENT IN COPPER GIANT RESOURCES AND CONCURRENT PRIVATE PLACEMENT WITH TRAFIGURA

TORONTO, Aug. 21, 2026 /PRNewswire/ -- Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today that it has closed its previously announced strategic equity investment in Copper Giant Resources Corp. ("Copper Giant") (TSXV: CGNT, OTCQB: LBCMF, FRA: 29H0) through Copper Giant's non-brokered private placement financing (the "Copper Giant Financing"). Pursuant to the Copper Giant Financing, Denarius Metals subscribed for 40,000,000 common shares of Copper Giant at a price of CA$0.72 per share for a total investment of CA$28,800,000. Following closing of the Copper Giant Financing, Denarius Metals holds an approximately 15.34% equity interest in Copper Giant. Federico Restrepo-Solano, Chief Executive Officer of Denarius Metals, has been appointed to Copper Giant's advisory board.

The Company also announced today that it has closed its concurrent non-brokered private placement (the "Denarius Financing") with Urion Investments Holdings Limited ("Urion"), acting on behalf of the Trafigura Group ("Trafigura"). Pursuant to the Denarius Financing, Urion acquired units of the Company at a price of CA$0.43 per unit comprising 67,000,000 common shares of the Company and 12,500,000 common share purchase warrants (the "Warrants") for aggregate gross proceeds of CA$28,810,000. The proceeds were used to fund the Copper Giant Financing. Each Warrant is exercisable to acquire one common share of the Company at an exercise price of CA$0.60 per share until August 21, 2029. The common shares and Warrants comprising the units are subject to a statutory four-month hold period.  

Early Warning Reports

In connection with the Denarius Financing, Urion, acting on behalf of Trafigura, has acquired 67,000,000 common shares and 12,500,000 Warrants of the Company. Immediately prior to the closing of the Denarius Financing, Trafigura beneficially owned and controlled 7,576,282 common shares, representing approximately 1.73% of the Company's then issued and outstanding common shares, together with 6,675,000 common share purchase warrants. Assuming the exercise of those warrants, Trafigura would have beneficially owned and controlled 14,251,282 common shares, representing approximately 3.21% of the shares on a partially diluted basis. As a result of closing the Denarius Financing, Trafigura beneficially owns and controls 74,576,282 common shares, representing approximately 14.79% of the Company's issued and outstanding common shares, together with 19,175,000 common share purchase warrants. Assuming full exercise of those warrants, Trafigura would beneficially own and control 93,751,282 common shares, representing approximately 17.92% of the shares on a partially diluted basis.

Trafigura is leading global commodities company that manages complex supply chains to move energy and commodities around the world. Urion is a subsidiary of Trafigura existing under the laws of Malta. Its registered office is located at Oyia Business Center, Floor 3, Suite 301, Cross Roads, Marsa, MRS, 1547, Malta

Denarius Metals has been informed that Trafigura continue to hold the securities for investment purposes only, and depending on market and other conditions, may from time to time in the future increase or decrease their respective ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise. In satisfaction of the requirements of National Instrument 62-104 - Take-Over Bids and Issuer Bids ("NI 62-104") and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Trafigura will be filing an early warning report respecting the acquisition of securities, containing additional information omitted from this news release, under Denarius Metals' SEDAR+ profile at www.sedarplus.ca. A copy of the report filed by Trafigura may be obtained from Amanda Fullerton, General Counsel and Secretary, telephone number (416) 360-4653, or via e-mail at [email protected].

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 of a 1,000 tonnes per day processing plant that is expected to start producing high-grade gold-silver concentrates in the fourth 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.

Denarius Metals entered into a strategic collaboration in early 2026 as JV partners with ProGrowth Ltd. Company, a Saudi-based diversified group of companies, focused on the processing, smelting and commercialization of material sourced from the Company's projects and to identify, acquire, develop and operate gold and nickel mining concessions within the KSA.

Additional information on Denarius Metals can be found on its website at www.denariusmetals.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

About Copper Giant

Copper Giant Resources Corp. is part of the Fiore Group, a private and well-established Canadian organization known for building successful, high-impact companies across the natural resource sector. Copper Giant was formed with a singular focus: to advance high-quality copper projects beyond resource definition, responsibly, efficiently, and with long-term positive impact.

The Company is led by a team with uncommon experience, having successfully taken some of the few major copper mines developed in the past two decades from discovery through to construction. Copper Giant's current focus is the Mocoa copper-molybdenum deposit in southern Colombia, one of the largest undeveloped resources of its kind in the Americas. Recent exploration success has revealed potential well beyond its original footprint, highlighting Mocoa as a broader district-scale opportunity, and the catalyst for the Company's name and evolution.

Guided by the values of respect and responsibility, and grounded in its Good Neighbor philosophy, Copper Giant is committed to creating enduring value for all stakeholders and playing a meaningful role in the global energy transition.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to anticipated business plans or strategies, including the Company's post-closing ownership position in Copper Giant; the receipt of required approvals of the TSX Venture Exchange and the Cboe Canada Exchange and the appointment of Federico Restrepo-Solano as an advisory board member of Copper Giant. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative 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. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Denarius Metals to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated March 31, 2026 which is available for view on SEDAR+ at www.sedarplus.ca. Forward-looking statements contained herein are made as of the date of this press release and Denarius Metals disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE Denarius Metals Corp.