DENARIUS METALS ANNOUNCES DETAILS FOR THE APRIL 30, 2026 INTEREST PAYMENTS ON ITS CONVERTIBLE UNSECURED DEBENTURES AND THE GOLD PREMIUM PAYMENTS DUE ON ITS 2023 DEBENTURES

Rhea-AI Summary

Denarius Metals (OTCQX: DNRSF) announced details for interest payments due April 30, 2026 on its 2023 and 2024 convertible unsecured debentures and the quarterly gold premium payment on its 2023 debentures.

The company will issue 375,373 common shares to settle monthly interest and 6,651,313 common shares to settle net gold premiums (gross CA$6,076,537), all based on a measurement share price of CA$0.91 on April 15, 2026. Issuances are subject to Cboe Canada acceptance.

Positive

• Settles interest and premiums via share issuance, preserving cash
• Gold premium gross amount of CA$6,076,537
• Total gold-premium shares issued: 6,651,313

Negative

• Monthly interest shares issued: 375,373
• Total share issuance for interest and premiums: 7,026,686
• Insiders to receive aggregate 780,147 shares (interest + gold premiums)

News Market Reaction – DNRSF

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In the Apr 29 session, DNRSF declined 6.46%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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TORONTO, April 28, 2026 /PRNewswire/ - Denarius Metals Corp. (Cboe CA: DMET) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today the details for the forthcoming monthly interest payments due on April 30, 2026 on its convertible unsecured debentures due October 19, 2029 (the "2023 Debentures") and May 30, 2030 (the "2024 Debentures") and the quarterly gold premiums due on April 30, 2026 on its 2023 Debentures.

Monthly Interest Payments

The table below summarizes the details for the shares to be issued on April 30, 2026 to holders of the 2023 Debentures and the 2024 Debentures in settlement of the monthly interest due on that date:

	Principal Amount of Debentures (1)  (CA$)	Interest (CA$)	Number of  Shares to  be Issued (2)	Number of Shares per CA$1.00 of Principal
2023 Debentures	19,886,560	198,866	218,534	0.010989
2024 Debentures	14,272,314	142,723	156,839	0.010989
Total	34,158,874	341,589	375,373

(1) Issued and outstanding as of April 28, 2026.

(2) Based on the closing price of the common shares on Cboe Canada of CA$0.91 per share on April 15, 2026, the Monthly  Measurement Date pursuant to the Third Supplemental Indentures for the 2023 Debentures and the 2024 Debentures.

Mr. Serafino Iacono (Executive Chairman), Mr. Federico Restrepo-Solano (Director and CEO), Mr. Michael Davies (Chief Financial Officer) and Ms. Amanda Fullerton (General Counsel and Secretary) (collectively, the "Insiders") will receive an aggregate of 96,128 common shares in settlement of the interest payable on their respective holdings of 2023 Debentures and 2024 Debentures.

Gold Premiums on 2023 Debentures

Effective January 31, 2026, the Company is paying a quarterly gold premium on its 2023 Debentures when the London P.M. Fix exceeds the floor price of US$1,800 per ounce on the Quarterly Measurement Date. As the London P.M. Fix exceeded the maximum of US$4,000 per ounce on April 15, 2026, the gold premium rate for the quarterly gold premium payment due on April 30, 2026 is 30.556%, resulting in a gross amount of gold premiums payable of CA$6,076,537. After the deduction of certain non-resident withholding taxes payable by the Company in cash, the Company is issuing a total of 6,651,313 common shares on April 30, 2026 to holders of the 2023 Debentures, in settlement of the net amount of gold premiums payable, based on the closing price of the common shares on Cboe Canada of CA$0.91 per share on April 15, 2026. Non-resident holders of the 2023 Debentures will be subject to the withholding of income taxes on their gold premiums by their respective financial institutions at prescribed rates in Canada. Insiders of the Company will receive an aggregate of 684,019 common shares in settlement of the gold premiums payable on their respective holdings of 2023 Debentures.

The issuance of the common shares in settlement of the interest payable on the 2023 Debentures and the 2024 Debentures and the gold premiums on the 2023 Debentures, all due as of April 30, 2026, is subject to the acceptance of Cboe Canada.

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 by the third 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.

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.

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 Cboe Canada final acceptance of the share issuance and tax withholdings. 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, 2025 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.

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SOURCE Denarius Metals Corp.

FAQ

How many shares will Denarius Metals (DNRSF) issue for April 30, 2026 interest payments?

The company will issue 375,373 common shares to settle monthly interest on April 30, 2026. According to the company, this total covers both the 2023 and 2024 debentures and is based on a CA$0.91 share price on April 15, 2026.

What is the gold premium payment amount for DNRSF due April 30, 2026?

The gross gold premium payable is CA$6,076,537 for the quarter ending April 30, 2026. According to the company, this arises from a 30.556% gold premium rate with the London P.M. Fix exceeding US$4,000 on April 15, 2026.

How many shares will DNRSF issue to settle the April 30, 2026 gold premiums?

Denarius Metals will issue 6,651,313 common shares to settle net gold premiums on April 30, 2026. According to the company, the share count is calculated using a CA$0.91 closing price on the April 15, 2026 measurement date.

Will insiders receive shares from DNRSF's April 30, 2026 issuances?

Yes. Insiders will receive an aggregate of 96,128 shares for interest and 684,019 shares for gold premiums. According to the company, those amounts reflect insiders' holdings of the 2023 and 2024 debentures.

Are the April 30, 2026 share issuances by DNRSF subject to approval?

Yes. The issuance of shares to settle interest and gold premiums is subject to acceptance by Cboe Canada. According to the company, final issuance depends on that market acceptance before settlement.

Will non-resident holders of DNRSF debentures face tax withholding on gold premiums?

Non-resident holders will be subject to withholding of income taxes on their gold premiums by their financial institutions. According to the company, prescribed Canadian withholding rates apply and reduce net shares issued to those holders.