Daura Gold Acquires Up to 80% Interest in Argentina Cerro Bayo-La Flora Projects

Daura Gold Corp. has entered into a binding agreement with Latin Metals Inc. to acquire up to an 80% interest in the Cerro Bayo and La Flora gold-silver projects located in the prolific Deseado Massif region of Santa Cruz Province, Argentina. This strategic move diversifies Daura's portfolio beyond its Peruvian assets and positions the company for significant growth in a globally recognized precious metals district. The deal involves payments totaling US$2.1 million and a commitment to extensive exploration work, including a minimum of 28,000 meters of drilling, with an initial campaign planned before April 2026. The projects are rich in high-grade gold and silver, with previous surface samples indicating promising grades, and the region hosts some of Argentina's most productive gold belts. This acquisition provides Daura with drill-ready targets and the potential to rapidly advance exploration, while Latin Metals benefits by minimizing dilution and maintaining exposure to the projects. The agreement also includes provisions for an additional payment should Daura increase its stake from 75% to 80% based on mineral resource estimates, underscoring the promising outlook for these assets.