Daura Gold Provides an Update on Drilling at Cerro Bayo & AI-Supported Analytics for Drill Targeting

Rhea-AI Summary

Daura Gold (OTCQB: DGCOF) updates its Phase One diamond drilling at the Cerro Bayo gold-silver project in Santa Cruz, Argentina. The company completed 14 holes across 10 targets and has begun three step-back holes at Ingrid, Elena and Eugenia. Assay results are expected in the next 4-6 weeks. Geomorphic AI is supplying real-time, AI-driven targeting, anomaly detection and field tooling to refine drill placement as assays arrive.

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Vancouver, British Columbia--(Newsfile Corp. - April 1, 2026) - Daura Gold Corp. (TSXV: DGC) (OTCQB: DGCOF) (the "Company" or "Daura") is pleased to provide an update on its Phase One diamond drilling program at the Cerro Bayo Gold-Silver Project ("Cerro Bayo" or the "Project"), located in Santa Cruz Province, Argentina. Cerro Bayo is located in Argentina's premier gold-silver district, the Deseado Massif, which hosts major mines like Newmont's Cerro Negro and Hochschild's San Jose.

Daura has completed 14 holes across 10 drill targets and assays are pending. The Company has also commenced drilling on 3 step-back holes at the Ingrid, Elena and Eugenia target areas. The results from the first 14 holes are pending and the Company will publish the data when the assays are received in the next 4-6 weeks.

Stuart Mills, VP of Exploration for Daura, commented, "We are pleased with the progress of our drilling program so far, having completed 14 holes across 10 targets. Stepping back from holes 5, 12 & 14 is expected to provide greater clarity on the broader system and help guide our next phase of drilling. We look forward to reporting results as they become available. In parallel, Geomorphic's AI platform continues to enhance our targeting by optimizing drill placement through real-time data integration and vectoring."

The Company is using Geomorphic AI's proprietary artificial intelligence (AI)-driven geoscience platform. Geomorphic provides remote geological and data science support for Daura's ongoing drill program at Cerro Bayo, including geochemical baseline analysis, pathfinder modelling, spatial vectoring, target ranking, and real-time drill result integration. The work is powered by proprietary AI geology agents that streamline multi-element statistics, anomaly detection, and target scoring. As new assay data arrives, the agents cross-validate results against the surface geochemistry model, flag discrepancies, and update targeting recommendations. Geomorphic has also built custom field tooling, including assay bulletins, and a scored blind-target catalog to help Daura prioritize drill collar placements. The continuous feedback loop between field results and model refinement sharpens targeting with every hole drilled.

Figure 1: Map of the Cerro Bayo project in Santa Cruz, showing location of existing targets, drillholes completed, and planned drill holes.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6523/290836_abd0d4e09409d830_001full.jpg

See the details of Daura's option agreement on Cerro Bayo in the Company's news release dated November 3, 2025 (Cerro Bayo News Release).

Qualified Person

Stuart Mills is the Company's qualified person as defined by National Instrument 43-101 - Standard of Disclosure for Mineral Projects and has reviewed, verified and approved the scientific and technical information contained in this news release. No limitations or failures to verify were identified. Mr. Mills is not independent of the Company, as he is the Company's Vice President of Exploration.

ABOUT DAURA GOLD CORP.

Daura Gold Corp. is a TSX Venture Exchange-listed exploration company focused on the discovery and development of high-impact gold and silver assets in South America.

In Peru, the Company holds a 100% undivided interest in over 16,900 hectares of mineral concessions in the prolific Ancash region, including the 900-hectare Antonella target and the 2,900 hectares of contiguous concessions at Libélulas, which is the primary focus of ongoing exploration activities.

In Argentina, Daura has entered into a binding letter agreement with Latin Metals Inc. to earn up to an 80% interest in the Cerro Bayo / La Flora Project, located in the prolific Deseado Massif. This region hosts numerous producing mines and advanced-stage projects, including Cerro Negro, San José, and Cap Oeste. The Project benefits from established infrastructure, strong community support, and active exploration programs, including drilling and induced polarization geophysical surveys.

About Geomorphic AI

Geomorphic AI is an AI-driven minerals prospect generator with a proprietary geoscience platform. It deploys a purpose-built team of specialized AI agents for mineral exploration covering geology, geochemistry, permit screening, data capture, and report writing. These agents collaborate like a seamless digital exploration team. An orchestration engine autonomously evaluates targets via a structured workflow (permits, environment, geochemistry, geology) with quality gates at every step. A persistent evidence store captures every finding—drill intercepts, geochemical anomalies, permit checks—with source, confidence, and coordinates. Geomorphic also builds custom tools for clients, such as log digitization, 3D modeling, data room analysis, and report validation, with each engagement strengthening the platform. www.geomorphic.ai. Geomorphic AI is co-founded by Mark Sumner, President, CEO and Chairman of Daura, and Jeff Phillips a consultant of Daura. Daura will not pay Geomorphic AI for the services rendered by Geomorphic AI to Daura in respect of the Project.

ON BEHALF OF THE BOARD

Mark Sumner
President & CEO

For further information please contact:

Investor Relations
investors@dauragold.com

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, including statements regarding Daura's planned exploration at the Project, the expected timing for the assay results from Daura's current drilling program at the Project, the anticipated benefits of the current drilling program at the Project and the anticipated use of Geomorphic AI's proprietary AI-driven geoscience platform to support Daura's exploration activities at the Project and the anticipated benefits therefrom. 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: the inability of the Company to complete its planned exploration of the Project as contemplated herein, or at all; the inability of the Company to obtain assay results from Daura's current drilling program at the Project as contemplated, or at all; the inability of Daura to realize the benefits of the current drilling program at the Project as contemplated, or at all; the inability of Daura to use Geomorphic AI's proprietary AI-driven geoscience platform to support Daura's exploration activities at the Project as contemplated, or at all; the inability of Daura to realize the benefits from the use of Geomorphic AI's proprietary AI-driven geoscience platform as contemplated, or at all; 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 if and when required. 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/290836

FAQ

How many drill holes has Daura Gold (DGCOF) completed at Cerro Bayo as of April 1, 2026?

Daura Gold has completed 14 diamond drill holes across 10 targets at Cerro Bayo. According to the company, these 14 holes are part of Phase One and assays are pending, with results expected within the next 4-6 weeks.

When does Daura Gold (DGCOF) expect assay results from Cerro Bayo drilling?

Daura Gold expects assays in the next 4-6 weeks from April 1, 2026. According to the company, results from the first 14 holes are pending and will be published once received and validated.

What is the purpose of the three step-back holes at Ingrid, Elena and Eugenia for DGCOF?

The three step-back holes aim to clarify the broader mineralized system and guide follow-up drilling. According to the company, stepping back from holes 5, 12 and 14 should provide better spatial context for targeting future drill phases.

How is Geomorphic AI supporting Daura Gold (DGCOF) at Cerro Bayo?

Geomorphic AI is providing real-time AI-driven geoscience including pathfinder modelling, spatial vectoring, and target ranking. According to the company, its agents cross-validate assays against surface geochemistry and update targeting recommendations as new data arrive.

When will Daura Gold (DGCOF) publish detailed drill results from Cerro Bayo?

Detailed drill results will be published after assays are received and validated, expected in 4-6 weeks. According to the company, assay data will be posted once available and integrated with Geomorphic AI analyses for targeting refinement.