Exhibit 99.1
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ARIS
MINING ANNOUNCES POSITIVE PFS RESULTS FOR THE TOROPARU GOLD PROJECT
5.9
Moz of Proven and Probable Gold Mineral Reserves at $1,950/oz Gold
5.6
Moz of Planned Gold Production Over 29 Years; 258 koz Annually in Years 1–17
$2.8
Billion After-Tax NPV5% and 31.5% IRR at $3,600/oz Gold
Initial
funding requirement of $1,005 million
Vancouver,
Canada, November 12, 2026 – Aris Mining Corporation (Aris Mining or the Company) announces positive results from the
completed Prefeasibility Study (PFS) for its Toroparu Gold Project (Toroparu or the Project) in Guyana. The PFS outlines a large-scale,
long-life open pit development, expected to produce 5.6 million ounces (Moz) of gold over a 29-year processing period, including
21 years of mining. The project development strategy is based on contractor mining and a combination of engineering and construction
contracting models as well as self-performed work. With the PFS now completed, the Company continues to target a construction
decision in early 2027, subject to receipt of necessary approvals. The full Technical Report summarizing the results of the PFS
is available on the Company’s website and SEDAR+ profile at www.sedarplus.ca
and is filed with the U.S. Securities and Exchange Commission (SEC) at www.sec.gov.
All amounts are in U.S. dollars unless otherwise indicated.
Neil
Woodyer, Chair and CEO, commented “Toroparu is positioned to become our next major growth project. The PFS confirms a large-scale,
long-life operation with compelling economics, a substantially larger mineral resource base compared to the 2025 PEA1,
and a practical development plan designed to reduce execution risk. Our large-scale mining licence application, submitted in August,
is progressing through the regulatory review process. We appreciate the constructive engagement with the Government of Guyana
and are advancing the technical work required to support our application as we move Toroparu toward development readiness.
The
PFS incorporates an execution strategy suited to the Project’s large scale and remote location, with a planned 32-month
construction schedule. We have also replaced the owner-mining approach contemplated in the 2025 PEA with the use of experienced
mining contractors, with costs supported by competitive international quotations.
We
are sequencing Toroparu within our broader growth strategy, targeting a construction decision in early 2027, subject to the required
approvals, and following first gold from the Marmato CIP plant expected in December 2026. In parallel, we are expanding our Guyana
team and advancing engineering and pre-construction activities. With its scale, mine life and economics, Toroparu has the potential
to become a cornerstone operation for Aris Mining for decades.”
Project
Highlights: a Large-Scale, Long-Life Open Pit Mine
| ● | Proven
and probable mineral reserves of 5.1 Moz at 1.18 g/t Au (above 0.50 g/t) and 0.9
Moz at 0.40 g/t Au (below 0.50 g/t and the marginal cut-off grade) for a total
mineral reserve of 5.9 Moz. See Table 3 for the detailed technical disclosure. |
| ● | Step-change
increase in the mineral resource estimate compared to the 2025 PEA: |
| ○ | Measured
and indicated gold mineral resources increased to 9.3 Moz, up 74% from the PEA |
| ○ | Inferred
gold mineral resources increased by 1.4 Moz, up 115% from the PEA. |
| ○ | See
Table 4 for the detailed technical disclosure. |
| ● | Lower-grade
tonnes add value and extend operating life: material previously treated as waste
in the 2025 PEA is now planned to be stockpiled for processing later in the mine life,
generating positive operating margin at the mineral reserve gold price of $1,950/oz or
higher. |
| ● | 32-month
construction schedule for development of a conventional truck-and-shovel open pit mine
with a 3.3 to 1 life-of-mine strip ratio, a 7.0 Mtpa processing plant and other mine
infrastructure. |
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| ● | Conservative
mine design and robust mining schedule. Mineral reserve pit designs are based on
a $1,950/oz gold price, well below the $3,600/oz PFS base-case price used for the economic
analysis, with the mine plan emphasizing practical operability and production reliability. |
| ● | Contractor
mining strategy aligned with project scale and workforce development objectives. The
PFS incorporates mining by experienced third-party contractors, reflecting the scale
of the operation and the importance of accessing specialized mining expertise while supporting
local employment, training and skills development opportunities. Mining cost estimates
are informed by quotations from multiple international mining contractors. This approach
replaces the owner-operated, equipment-leasing model contemplated in the 2025 PEA. |
| ● | Tailored
construction delivery strategy reflecting the Project’s large scale and remote
location. The PFS incorporates a combination of engineering, procurement and construction
management (EPCM), design-and-construct (D&C), engineering, procurement and construction
(EPC), and self-performed work. The delivery model for each project area has been selected
based on specific scope and execution requirements, with the objectives of strengthening
cost and schedule control while managing execution risk. |
| ● | Large-scale
mining licence application submitted in August 2026. The Government of Guyana is
advancing their review of the large-scale mining license application. |
Production
and Costs
| ● | Production
of doré and copper concentrates containing 5.6 Moz gold, 5.3 Moz silver, and 235
million pounds (Mlb) of copper over the processing life. |
| ○ | Average
annual gold production of 291 thousand ounces (koz) over the first five years. |
| ○ | Average
annual gold production of 258 koz during the main pit operations (first 17 years), followed
by 103 koz during late-life mining and stockpile processing (years 18-29). |
| ● | Low
life-of-mine cash costs2 of $1,119/oz Au and all-in-sustaining costs (AISC)2
of $1,494/oz Au, net of by-product credits from copper and silver. |
Capital
Costs and Returns
| ● | Initial
funding requirement of $1,005 million, comprising $1,017 million in construction capital,
$102 million in contingency allowances, and $24 million in working capital during construction,
offset by $138 million of funding available under the historic Toroparu precious metals
purchase agreement. |
| ● | Compelling
base case economics at metal prices of $3,600/oz gold, $50/oz silver and $5.00/lb copper,
generating $19.9 billion of life-of-mine payable gold revenue and $1.3 billion in copper
and silver by-product credits, with: |
| ○ | Average
annual EBITDA2 of $588 million during main-pit operations (years 1-17), followed
by $176 million during late-life mining and stockpile processing (years 18-29). |
| ○ | After-tax
net present value at a 5% discount rate (NPV5%) of $2.8 billion. |
| ○ | Internal
rate of return (IRR) of 31.5%. |
| ○ | Payback
period of 2.2 years from the start of operations. |
| ● | Robust
economics at lower gold prices, with an after-tax NPV5% $1.8 billion and IRR
of 24.3% at a gold price of $3,000/oz. |
| ● | Significant
additional value at higher gold prices, with after-tax NPV5% of $3.8 billion
and IRR of 37.8% at a gold price of $4,200/oz. |
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Figure
1 – Toroparu annual gold production and processed gold grade

Figure
1 illustrates Toroparu’s planned gold production and processed grade profile. Higher-grade ore is prioritized in the earlier
years, while lower-grade stockpiles extend processing through Year 29. Gold production averages 258 koz per year during the first
17 years of main-pit operations and 195 koz over the full 29-year processing life, with peak annual production of approximately
323 koz in Year 16.
The
open pit optimization and mineral reserve pit designs were based on a $1,950/oz gold price. This provides a conservative mine-design
basis relative to the $3,600/oz base-case gold price used in the economic analysis.
PFS
Report Availability
A
complete National Instrument 43-101 – Standards of Disclosure for Mineral Projects (NI 43-101) compliant Technical Report
titled “NI 43-101 Technical Report Prefeasibility Study for the Toroparu Project, Cuyuni-Mazaruni Region, Guyana”
dated November 12, 2026 and with an effective date of November 12, 2026 (the Technical Report) has been filed on SEDAR+ and with
the SEC on EDGAR, and is also available on the Company’s website at https://www.aris-mining.com/operations-and-projects/technical-reports.
Positioned
to be Guyana’s next major gold mine
With
the PFS complete and the large-scale mining license application under review, Toroparu is progressing through pre-development
activities. Aris Mining continues to target a construction decision in early 2027, subject to receiving the large-scale mining
licence and other necessary approvals. The PFS contemplates a 32-month construction period and supports Toroparu’s potential
to become a major new long-life gold mine in Guyana. The PFS also underscores Toroparu’s status as a cornerstone asset within
the portfolio as Aris Mining executes its strategy to build a major gold producer in South America.
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Table
1 – Toroparu PFS economic evaluation sensitivity to gold price
| Gold price |
$3,000/oz |
$3,600/oz
Base case |
$4,200/oz |
| Indicator |
| After-tax NPV5% ($ billion) |
$1.8 |
$2.8 |
$3.8 |
| After-tax IRR (%) |
24.3% |
31.5% |
37.8% |
| Payback period (years) |
2.7 |
2.2 |
1.9 |
The
sensitivity analysis in Table 1 shows that at higher gold prices, returns increase substantially beyond the attractive levels
of the base case scenario while remaining robust at lower gold prices.
The
economic analysis also includes the historic precious metals stream agreement with Wheaton Precious Metals International Ltd.
(Wheaton), originally entered into in 2013 and amended in 2015, when Toroparu was owned by Sandspring Resources Ltd., a single-asset
junior developer. Under this agreement, Wheaton may elect to provide $138 million in construction funding following completion
of a full development plan, in exchange for the right to purchase 10% of Toroparu’s gold production and 50% of its silver
production at fixed prices of $400/oz and $3.90/oz, respectively, with both prices subject to escalation beginning on the fourth
anniversary of commercial production. With the PFS now complete, Aris Mining and Wheaton are exploring opportunities for amending
the terms of the agreement to align with the updated project parameters.
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Table
2 – PFS Economic evaluation results
| Key
indicators |
Units |
Main
Pit Operations
(Years 1-17) |
Late-life
Mining & Stockpile Processing (Years 18-29) |
Total
/ Life-of-operation average |
| Total
gold produced in period |
Moz |
4.4 |
1.2 |
5.6 |
| Mining
Years |
Years |
1
to 17 |
18
to 21 |
21 |
| Processing
Years |
Years |
1
to 17 |
18
to 28.6 |
28.6 |
| Average
annual gold production |
koz |
258 |
103 |
195 |
| Average
cash cost2 |
$/oz
Au |
1,003 |
1,529 |
1,119 |
| Average
all in sustaining cost2 |
$/oz
Au |
1,395 |
1,841 |
1,494 |
| Average
annual EBITDA2 |
$M |
588 |
176 |
423 |
| Summary
cash flow ($M) at $3,600/oz gold price |
|
|
|
|
| Revenue
from payable gold sales |
$M |
15,592 |
4,267 |
19,859 |
| Less:
royalties |
$M |
1,262 |
347 |
1,609 |
| Less:
operating costs |
$M |
5,238 |
2,191 |
7,429 |
| Less:
sustaining capital |
$M |
437 |
22 |
459 |
| Add:
by-product copper and silver revenues, net of TCRCs |
$M |
(896) |
(363) |
(1,259) |
| Operating
margin |
$M |
9,551 |
2,069 |
11,620 |
| Less:
income tax |
$M |
2,420 |
613 |
3,033 |
| Working
capital (inflows)/outflows |
$M |
(109) |
114 |
5 |
| After-tax
cash flow |
$M |
7,241 |
1,342 |
8,583 |
| Less:
construction capital with contingency allowances |
$M |
1,119 |
— |
1,119 |
| Credit:
construction funding from Toroparu PMPA |
$M |
(138) |
— |
(138) |
| Less:
additional project capital during operations |
$M |
175 |
27 |
202 |
| Less:
closure costs |
$M |
— |
60 |
60 |
| Net
cash flow, before costs of Toroparu PMPA financing |
$M |
6,085 |
1,255 |
7,340 |
| Less:
costs of Toroparu PMPA financing |
$M |
1,477 |
412 |
1,888 |
| Net
cash flow |
$M |
4,608 |
843 |
5,451 |
| Pre-tax
indicators at $3,600/oz gold price (base case) |
|
|
|
|
| NPV
at 5% discount rate |
$M |
|
|
4,374 |
| IRR |
% |
|
|
39.4% |
| Payback
period (from start of operations) |
Years |
|
|
1.8 |
| After-tax
indicators at $3,600/oz gold price (base case) |
|
|
|
|
| NPV
at 5% discount rate |
$M |
|
|
2,828 |
| IRR |
% |
|
|
31.5% |
| Payback
period (from start of operations) |
Years |
|
|
2.2 |
| After-tax
indicators at $4,200/oz gold price |
|
|
|
|
| NPV
at 5% discount rate |
$M |
|
|
3,819 |
| IRR |
% |
|
|
37.8% |
| Payback
period (from start of operations) |
Years |
|
|
1.9 |
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Table
3 - Toroparu mineral reserves, effective November 12, 2026
| Gold
cut-off grade |
Classification |
Tonnes
(Mt) |
Grade
gold
(g/t) |
Grade
silver
(g/t) |
Grade
copper
(%) |
Contained
gold
(koz) |
Contained
silver
(koz) |
Contained
copper
(Mlb) |
| Total
above marginal1 |
Proven |
91.2 |
0.96 |
1.4 |
0.10 |
2,808 |
3,995 |
209 |
| Probable |
109.1 |
0.89 |
0.9 |
0.05 |
3,114 |
3,029 |
113 |
| Proven
+ Probable |
200.2 |
0.92 |
1.1 |
0.07 |
5,922 |
7,024 |
322 |
Including
above
0.50 g/t |
Proven |
61.4 |
1.23 |
1.5 |
0.12 |
2,423 |
2,937 |
156 |
| Probable |
72.2 |
1.14 |
0.9 |
0.05 |
2,635 |
2,159 |
80 |
| Proven
+ Probable |
133.6 |
1.18 |
1.2 |
0.08 |
5,058 |
5,096 |
236 |
Including
between
0.50 g/t and marginal |
Proven |
29.8 |
0.40 |
1.1 |
0.08 |
385 |
1,058 |
53 |
| Probable |
36.9 |
0.40 |
0.7 |
0.04 |
479 |
870 |
33 |
| Proven
+ Probable |
66.6 |
0.40 |
0.9 |
0.06 |
864 |
1,928 |
85 |
Notes:
1. Mineral
reserves were estimated using a gold price of $1,950 per ounce, constrained within pit designs, and are reported above diluted
marginal gold cut-off grades of 0.34 g/t for saprolite and 0.32 g/t for all other ore at Toroparu, and above 0.37 g/t for saprolite
and 0.38 g/t for all other ore at Sona Hill.
2. The
mineral reserve estimate was prepared under the supervision of or was reviewed by Ignacio Vélez, FAusIMM, Vice President
Technical Services Colombia of Aris Mining, who is a qualified person as defined by NI 43-101.
3. Totals
may not add up due to rounding.
4. Other
than as disclosed in the Technical Report, there are no known mining, metallurgical, infrastructure, permitting, or other relevant
factors or risks that could materially affect the mineral reserve estimate or the potential development of the mineral reserves. |
Table
4 - Toroparu mineral resources, effective November 12, 2026
| Gold
cut-off grade |
Classification |
Tonnes
(Mt) |
Grade
gold
(g/t) |
Grade
silver
(g/t) |
Grade
copper
(%) |
Contained
gold
(koz) |
Contained
silver
(koz) |
Contained
copper
(Mlb) |
| Total
above marginal1 |
Measured |
115.0 |
0.87 |
1.3 |
0.10 |
3,232 |
4,908 |
255 |
| Indicated |
246.0 |
0.76 |
0.7 |
0.04 |
6,022 |
5,911 |
228 |
| Measured
+ Indicated |
360.9 |
0.80 |
0.9 |
0.06 |
9,254 |
10,820 |
483 |
| Inferred |
115.4 |
0.68 |
0.2 |
0.02 |
2,535 |
644 |
62 |
Including
above
0.60 g/t |
Measured |
55.1 |
1.39 |
1.6 |
0.12 |
2,459 |
2,797 |
149 |
| Indicated |
105.5 |
1.24 |
0.8 |
0.05 |
4,216 |
2,881 |
113 |
| Measured
+ Indicated |
160.6 |
1.29 |
1.1 |
0.07 |
6,675 |
5,679 |
262 |
| Inferred |
43.6 |
1.15 |
0.2 |
0.03 |
1,617 |
247 |
25 |
Including
between
0.60 g/t and marginal |
Measured |
59.9 |
0.40 |
1.1 |
0.08 |
773 |
2,111 |
106 |
| Indicated |
140.5 |
0.40 |
0.7 |
0.04 |
1,806 |
3,030 |
115 |
| Measured
+ Indicated |
200.4 |
0.40 |
0.8 |
0.05 |
2,578 |
5,141 |
221 |
| Inferred |
71.8 |
0.40 |
0.2 |
0.02 |
918 |
396 |
37 |
Notes:
1. Mineral
resources were estimated using a gold price of $2,600 per ounce, constrained within optimized pit shells, and are reported above
marginal gold cut-off grades of 0.26 g/t for saprolite and 0.24 g/t for all other material at Toroparu, and above 0.28 g/t for
saprolite and 0.29 g/t for all other material at Sona Hill.
2. Mineral
resources are not mineral reserves and have no demonstrated economic viability.
3. The
mineral resource estimate was prepared under the supervision of or was reviewed by Pamela De Mark, P.Geo., Senior Vice President
Geology and Exploration of Aris Mining, who is a qualified person as defined by NI 43-101.
4. Totals
may not add up due to rounding.
5. Other
than as disclosed in the Technical Report, there are no known legal, political, environmental, or other risks that could materially
affect the potential development of the mineral resources. |
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Endnotes
| 1. | See
superseded technical report entitled “NI 43-101 Technical Report, Preliminary Economic Assessment for the Toroparu Project,
Cuyuni-Mazaruni Region, Guyana” with an effective date of October 21, 2025 and a report date of October 28, 2025. This preliminary
economic assessment was preliminary in nature and included inferred mineral resources that were considered too speculative geologically
to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. Accordingly,
there is no certainty that the preliminary economic assessment would be realized. |
| 2. | Cash
costs ($ per oz sold), AISC ($ per oz sold) and EBITDA are non-GAAP financial measures without standardized meanings under IFRS
and may not be comparable to similar measures used by other issuers or considered in isolation or as substitutes for IFRS measures;
refer to the Non-GAAP Financial Measures section of this document for further information. |
| 3. | Cash
costs per ounce and AISC per ounce are calculated on a payable gold ounce basis and include open pit mining, treatment, transport,
refining, processing, logistics, surface, G&A and other costs, net of silver and copper by-product credits. |
About
Aris Mining
Aris
Mining is a Canadian gold mining company focused on South America. The Company operates the Segovia and Marmato underground gold
mines in Colombia, which together produced approximately 257,000 ounces of gold in 2025. Aris Mining is listed on the Toronto
Stock Exchange and the New York Stock Exchange under the symbol ARIS.
The
Company is advancing expansion projects at Segovia and Marmato that are expected to increase annual gold production to 500,000
ounces1, driven by the ramp-up at Segovia following the installation of the second mill and construction of the new
Marmato bulk mine and CIP plant, with first gold expected in December 2026.
Aris
Mining’s portfolio supports a longer-term objective of approximately 1 million ounces of annual gold production2.
Key projects include the high-grade Soto Norte gold project in Colombia, where preparation of the Environmental and Social Impact
Assessment (ESIA) has been completed for community engagement, and the Toroparu gold project in Guyana, where a construction decision
is targeted for early 2027.
Additional
information on Aris Mining can be found at www.aris-mining.com, www.sedarplus.ca,
and on www.sec.gov.
Aris Mining Contact
Oliver
Dachsel
Senior
Vice President, Capital Markets
+1.917.847.0063 |
Lillian
Chow
Director,
Investor Relations & Communications
info@aris-mining.com |
1
Reflects expected steady-state annual gold production of approximately 300 thousand ounces (koz) at Segovia and 200 koz
at Marmato following completion and ramp-up of the respective expansion projects. For more information, please refer to the Company’s
news releases dated June 30, 2025 regarding the Segovia expansion and March 12, 2025 regarding the Marmato expansion.
2
There can be no assurance that the projected production will be achieved. Such production also remains subject to obtaining
all necessary permits and to formal construction decisions by the Company, in each case for both Soto Norte and Toroparu.
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Qualified
Persons and Cautionary Language
Qualified
Persons
The
Toroparu Gold Project Prefeasibility Study “NI 43-101 Technical Report Prefeasibility Study for the Toroparu Project, Cuyuni-Mazaruni
Region, Guyana” was prepared in accordance with NI 43-101 by the following Qualified Persons, all of whom are independent
of Aris Mining for the purposes of NI 43-101, with the exception of Pamela De Mark, P.Geo., Senior Vice President Geology and
Exploration of Aris Mining Corporation, and Ignacio Vélez, FAusIMM, Vice President Technical Services Colombia, Aris Mining
Corporation:
| ● | Ignacio
Vélez, FAusIMM, Vice President Technical Services Colombia, Aris Mining Corporation; |
| ● | Jan
Eklund, P.E., Process Consultant, LogiProc Pty. Ltd.; |
| ● | Dawie
le Roux, Pr.Eng., Partner and SMPP Engineering Manager, LogiProc Pty. Ltd.; |
| ● | Kevin
Leahy, C.Geol., Geologist and Associate Partner, Environmental Resource Management Ltd.;
|
| ● | Chris
Fourie, Pr.Eng., Director of Tailings Engineering, Eco Elementum Engineering; and |
| ● | Pamela
De Mark, P.Geo., Senior Vice President of Geology and Exploration, Aris Mining Corporation. |
Pamela
De Mark, P.Geo., Senior Vice President Geology and Exploration of Aris Mining, is a Qualified Person as defined by NI 43-101,
and has reviewed and approved the technical information contained in this news release.
Non-GAAP
Financial Measures
Cash
costs ($ per oz sold), AISC ($ per oz sold) and EBITDA are non-GAAP financial measures and ratios that lack standardized meanings
under IFRS or US GAAP and may not be comparable to those of other issuers or considered in isolation or as substitutes for IFRS
measures. Cash costs per ounce and AISC per ounce are calculated by dividing total cash costs and AISC, respectively, by projected
payable gold ounces produced, while EBITDA represents earnings before interest, income taxes, depreciation, depletion and amortization.
Forward-Looking
Information
This
news release contains “forward-looking information” or “forward-looking statements” within the meaning
of Canadian and United States securities legislation. All statements included herein, other than statements of historical fact,
including, without limitation, statements relating to the results of the PFS, including projected production of gold, silver and
copper, mining and processing life, projected capital and operating costs, funding requirements and financial returns, the sensitivity
of the Project’s economics to gold prices, projected metal prices and other assumptions underlying the PFS, the mineral
reserve and mineral resource estimates for the Project, the expected benefits of the contractor mining and fit-for-purpose construction
delivery strategies, the anticipated construction schedule, the mining licence application review process and the timing of receipt
of that licence and other necessary approvals, the targeted construction decision for Toroparu, the potential for Toroparu to
become a major long-life gold mine in Guyana, the availability of construction funding, , the intention of Aris Mining and Wheaton
to explore opportunities for amending the Wheaton precious metals purchase agreement, the building of the Company’s Guyana
team and the advancement of engineering and pre-construction activities, the timing of the first gold pour at the Marmato CIP
plant, and statements included in the “About Aris Mining” section of this news release relating to the Segovia and
Marmato expansions, the expected increase in annual gold production to 500,000 ounces, the objective of reaching approximately
1 million ounces of annual gold production, are forward-looking. Generally, the forward-looking information and forward looking
statements can be identified by the use of forward looking terminology such as “plans”, “expects” or “does
not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, “will continue” or “believes”,
or 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”. The
material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release
and include, among others, the metal price assumptions of $3,600/oz gold, $50/oz silver and $5.00/lb copper used in the PFS base
case; the accuracy of the mineral reserve and mineral resource estimates and the production, cost and capital estimates in the
PFS; the availability of mining and construction contractors and the resources required to implement the proposed delivery strategy
on the terms assumed in the PFS; the availability of sufficient financing on acceptable terms, including receipt of the assumed
construction funding from Wheaton; the ability to carry out the planned construction activities in accordance with the anticipated
construction schedule; and the receipt of the large-scale mining licence and other necessary approvals on a timely basis.
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Forward
looking information and forward looking statements, while based on management’s best estimates and assumptions, are
subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity,
performance or achievements of Aris Mining to be materially different from those expressed or implied by such forward-looking
information or forward looking statements, including but not limited to risks relating to the timing of receipt of the
large-scale mining licence and other necessary approvals for the Project, variations in metal prices, capital and operating
costs and other assumptions underlying the PFS, the availability and performance of mining and construction contractors and
internal teams involved in the construction delivery strategy, the receipt of the Wheaton construction funding, the
negotiation of any amendments to the Wheaton precious metals purchase agreement, and those factors discussed in the section
entitled “Risk Factors” in Aris Mining’s annual information form dated March 11, 2026 which is available on
SEDAR+ at www.sedarplus.ca and included as part of the Company’s Annual
Report on Form 40-F, filed with the SEC at www.sec.gov.
Although
Aris Mining has attempted to identify important factors that could cause actual results to differ materially from those contained
in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such information or statements. The Company has and continues
to disclose in its Management’s Discussion and Analysis and other publicly filed documents, changes to material factors
or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information,
in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof
and Aris Mining disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any
of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers
should not place undue reliance on forward-looking statements and information.