Daura Gold Announces CEO Transition

Rhea-AI Summary

Daura Gold (DGCOF) announced a CEO transition effective November 1, 2025: Mark Sumner moves from President to Chief Executive Officer while Luis Saenz will remain on the board to support Peruvian operations. The company reported a completed non‑brokered private placement closed on October 9, 2025 that issued 28,000,000 units at $0.25 per unit for gross proceeds of $7,000,000. Each unit included one share and one‑half warrant exercisable at $0.375 until October 9, 2027. The company paid finders' fees of $218,277.50 and issued 1,726,970 finders' warrants plus 853,860 finders' units, correcting previously reported numbers. All securities are subject to a statutory hold period until February 10, 2026.

Positive

• Raised $7.0M gross from private placement on Oct 9, 2025
• Finders' warrants align with unit warrants: exercise price $0.375 until Oct 9, 2027
• Leadership continuity: outgoing CEO remains on board to support Peru operations

Negative

• Issuance of warrants and finders' units increases potential shareholder dilution
• Paid $218,277.50 in finders' fees, reducing net proceeds from the offering
• Company corrected previously reported finders' numbers, indicating a disclosure error

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
btsang@seabordservices.com

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

FAQ

When did Daura Gold (DGCOF) make the CEO transition to Mark Sumner?

The CEO transition to Mark Sumner was effective November 1, 2025.

How much did Daura Gold (DGCOF) raise in its October 9, 2025 private placement?

Daura raised $7,000,000 by issuing 28,000,000 units at $0.25 per unit.

What are the warrant terms from Daura Gold's (DGCOF) offering closed Oct 9, 2025?

Each unit includes one‑half warrant; full warrants permit purchase at $0.375 until October 9, 2027.

What finders' compensation did Daura Gold (DGCOF) disclose for the October 2025 offering?

The company paid finders' fees of $218,277.50 and issued 1,726,970 finders' warrants plus 853,860 finders' units.

Are the securities from Daura Gold's (DGCOF) October 9, 2025 offering restricted?

Yes; all securities issued are subject to a statutory hold period until February 10, 2026.