Daura Gold Corp. Announces Closing of Qualifying Transaction

Daura Gold Corp. (TSXV: DUR.P) has announced the closing of its Qualifying Transaction (QT) with Estrella Gold S.A.C. (Estrella), a significant milestone in the company's growth and expansion in the Peruvian mining sector. The QT involves the acquisition of all outstanding shares of Estrella by Daura in exchange for 7,000,000 common shares of Daura, marking a strategic move for both companies.



The acquisition of Estrella brings Daura a substantial land package of approximately 8,100 hectares of exploration concessions in the Ancash Province, a known high-grade precious metals district. This extensive land package includes the 900-hectare area of mineralized veins of the old Esperanza mine directly adjacent to Highlander Silver's La Bonita Target. The acquisition positions Daura with a significant presence in the Ancash region, which is home to major mining companies such as Newmont, Hochschild Mining, Barrick, and Highlander Silver.

The acquisition also brings Daura the high-grade Antonella Target, which includes the historic Esperanza mine. This area has shown promising mineralized veins, with previous drilling results indicating high-grade gold intercepts. The Antonella Target's high-grade potential positions Daura as a competitive player in the Peruvian mining sector, focusing on high-grade precious metals exploration.

Daura has increased the minimum amount of its concurrent financing to $1,250,000, demonstrating strong investor support for the QT and the company's exploration projects. The net proceeds from the concurrent financing will be used to fund exploration of the Estrella project portfolio, expenses related to the QT, and for general working capital purposes. This ensures Daura has the financial resources to advance its exploration efforts and maintain its operations.



The closing of the QT remains subject to final acceptance by the TSXV, as well as other conditions, including receipt of all required regulatory approvals. Daura is continuing to work diligently towards the completion of the proposed QT under the policies of the TSXV.

In conclusion, Daura Gold Corp.'s acquisition of Estrella Gold S.A.C. strengthens the company's market position and competitive landscape in the Peruvian mining sector. The acquisition provides Daura with a substantial land package, high-grade exploration targets, and strong financial backing, positioning the company to compete effectively with major mining companies in the region and capitalize on the high-grade precious metals exploration potential of the Ancash region.