Author: Ravi Shankar

Drilling on south side of resource pit extends mineralization by 600 metres

• 3.41 gpt over 17.3m; 1.42 gpt over 17.0m;
• 1.71 gpt over 19.1m, 11.41 gpt over 1.7m and 1.15 gpt over 12.9m;
• 3.56 gpt over 21.0m and, 2.29 gpt over 4.0m;  
• 2310.00 gpt over 1.0m, 2.09 gpt over 9.3m, 6.52 gpt over 4.2m and 2.01 gpt over 14.0m;
• 195.00 gpt over 0.6m, 1.98 gpt over 18.7m; 11.31 gpt over 6.7m including 214.00 gpt over 0.3m;
• 46.20 gpt over 1.0m, and 0.81 gpt over 14.6m;
• 6.80 gpt over 5.0m and 3.75 gpt over 5.0m;
• 56.50 gpt over 1.1m and 3.93 gpt over 5.0m;
• 1.48 gpt over 22.0m, and 1.75 gpt over 14.9m;
• 11.63 gpt over 9.0m, including 93.40 gpt over 1.0m, 1.40 gpt over 7.5m.

Drilling¹ on north side of resource pit continues to confirm and identify new mineralization within and to north of current resource²

• 331.0 gpt over 0.3m, 19.56 gpt over 6.1m including 279.00 gpt over 0.4m, 51.60 gpt over 2.0m;
• 72.54 gpt over 5.9m including 1400.00 gpt over 0.3m; 2.19gpt over 13.5m;
• 5.28 gpt over 11.0m including 83.10 gpt over 0.3m; 2.42 gpt over 10.9m;
• 17.92 gpt over 3.7m including 71.20 gpt over 0.8m; 5.48 gpt over 7.0m;
• 3.48 gpt over 9.1m including 28.20 gpt over 0.8m,1.48 gpt over 9.0m, 3.87 gpt over 7.0m;
• 2.34 gpt over 14.3m and 51.87 gpt over 1.8m;
• 140.28 gpt over 2.6m, including 1170.00 gpt over 0.3m.

New resource estimate remains on track for Q1 2027

1. All assays are reported uncut.
2. Intervals are reported using core lengths only as true widths are not known at this time.
3. In this news release, “gpt” refers to grams per tonne, and “m” refer to metres.

TORONTO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Discovery Mining Ltd. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today reported results from ongoing exploration at the Company’s advanced stage growth project at Dome. The results, which include assays from a combined total of 36 holes¹ (16,365.4 m) continued to expand mineralization, indicated excellent correlation of widths and grades to previous drilling and clearly demonstrated the upside that exists at the project.

Tony Makuch, Discovery’s President, CEO and Chairman, commented: “The high-grade intersections reported today further demonstrate the tremendous potential that exists for Dome Mine to resume operations as a large-scale, long-life open-pit mining operation. The results identify new areas of mineralization that support our view that we can expand the open pit and significantly grow our resource base. Particularly encouraging were high-grade intersections that extend the mineralization 600 m to the south of the current resource pit. The mineralized zones identified follow the trend of the Dome Fault and remain open to the west along the fault that extends through the neighbouring Paymaster property. Also encouraging were a number of shallow intersections in new zones identified to the north of the main mineralization.

“As with recent exploration success at our Pamour mine, the drill results at Dome clearly demonstrate the potential for a much larger open-pit operation than was previously envisioned, with the opportunity existing for further expansion of mineralization to the north, south and west. Based on the upside that exists, we are now re-evaluating our future plans for the Dome Mill, and will be considering the establishment of a large, central milling facility at the Kidd Metallurgical site to provide processing for all of our operations.

“Work to update the current 11.0 million ounce inferred mineral resource at Dome is progressing well and remains on track for release as part of a technical report for our Porcupine operations early in 2027.”

The 36 holes reported today from the Dome project were from two main areas, including the north side of the current mineral resource pit and the south side of the pit near the former Preston and New York Porcupine properties (Figure 1).

Dome is among the largest historic gold producers in Canada, with total production of 16.7 million ounces from both underground and open pit sources between 1910 and 2017.

Geologically, the mine is located on the south limb of the Porcupine Syncline and is just north of the Destor Porcupine Fault. Mineralization in the current open-pit resource extends from surface to a maximum depth of approximately 730 m, with additional mineralization in multiple zones extending to a further depth of approximately 1,600 m.

The current mineral resource at Dome includes 222.3 million tonnes with an average grade of 1.49 gpt for a total of 11.0 million ounces in the Inferred resource category. The resource assumes a large-scale, open-pit concept to expand the historic pit along strike and to depth.

A key objective of the 2026 drilling program is the completion of a new mineral resource estimate, to be released in early 2027. The 2026 work program also includes further evaluations of data and mineralization models to upgrade portions of the resource to the Indicated resource category, and to evaluate the potential for future underground mining at Dome.

Drilling on the south side of the resource pit included 22 holes (7,188.0 m) to evaluate mineralization between the south edge and up to 600 m southwards along the projected trend of the Dome Fault and contained multiple holes with excellent grades and widths. Significant results include: 3.41 gpt over 17.3m and 1.42 gpt over 17.0m in hole DOM26-046; 1.71 gpt over 19.1m, 11.41 gpt over 1.7m, 1.15 gpt over 12.9m in hole DOM26-047; 3.56 gpt over 21.0m and 2.29 gpt over 4.0m in hole DOM26-044, 2.53 gpt over 6.0m, 2310.00 gpt over 1.0m, 2.09 gpt over 9.3m, 3.16 gpt over 3.7m, 6.52 gpt over 4.2m and 2.01 gpt over 14.0m in hole DOM26-048 and; 195.00 gpt over 0.6m, 46.20 gpt over 1.0m, 0.81 gpt over 14.6m, 1.98 gpt over 18.7m, and 11.31 gpt over 6.7m, including 214.00 gpt over 0.3m in hole DOM26-071; 6.80 gpt over 5.0m and 3.75 gpt over 5.0m in hole DOM26-042, which targeted between 100 and 300 meters south of the current resource pit, as well as 56.50 gpt over 1.1m and 3.93 gpt over 5.0m, in hole DOM26-049; 1.48 gpt over 22.0m, and 1.75 gpt over 14.9m, in hole DOM26-061A and; 1.40 gpt over 7.5m, 4.44 gpt over 3.0m, and 11.63 gpt over 9.0m, including 93.40 gpt over 1.0m in hole DOM26-063, which were drilled between 400 to 600 meters to the south (Table 1). Based on current interpretations, the mineralized zones identified in the new drilling follow the trend of the Dome Fault and remain open to the west along the projected trace of the fault for a minimum 1.5 kms before the fault passes through the Paymaster #2 and #3 shaft area and converges with the Destor Porcupine Fault Zone. The Paymaster #2 and #3 shaft area is located on the Paymaster joint venture property which was recently acquired along with the Fuller Block from McEwen Mining Inc (see press release October 9, 2026).

Drilling on the north side of the resource pit included 14 holes (9,177.4 m) and was also very successful with multiple holes obtaining significant intersections both within and on the north side of the current resource. Especially encouraging is the fact that several of the intersections were at shallow depths and in new structures north of the main body of mineralization. Significant results include 331.0 gpt over 0.3m, 19.56 gpt over 6.1m including 279.00 gpt over 0.4m and 51.60 gpt over 2.0m including 102.00 gpt over 1.0m in hole DOM26-019, 72.54 gpt over 5.9m including 1400.00 gpt over 0.3m, and 2.19 gpt over 13.5m in hole DOM26-052, 5.28 gpt over 11.0m including 83.10 gpt over 0.3m, 27.10 gpt over 0.5m, 5.48 gpt over 2.2m and 2.42 gpt over 10.9m in hole DOM26-054, 27.20 gpt over, 0.4m, 17.92 gpt over 3.7m including 71.20 gpt over 0.8m, and 5.48 gpt over 7.0m in hole DOM26-051, 9.90 gpt over 1.6m, 3.48 gpt over 9.1m including 28.20 gpt over 0.8m, 1.81 gpt over 9.0m, and 3.87 gpt over 7.0m in hole DOM26-056, 2.34 gpt over 14.3m and 51.87 gpt over 1.8m in hole DOM26-053, and 140.28 gpt over 2.6m including 1170.00 gpt over 0.3m in hole DOM26-058 (Table 1).

Drilling at the project is continuing with two drills, one located in the southwest portion of the historic open pit and the other on the north side. Work is also continuing to evaluate additional drill targets to the north, south and west sides of the pit. Considering results and progress to date, the project remains on track for the planned resource update early in 2027. 

Table 1. Intercepts from New Drilling at Dome Project^{1,2, 3} 

ZONE	Hole ID	Total Hole Depth	From	To	Core length	Au	Notes
			(m)	(m)	(m)	(g/t)
North Area	DOM26-017	792.0	63.7	70.2	6.5	0.59	In Pit
			634.0	635.0	1.0	9.67	In Pit
	DOM26-018A	614.0	654.2	656.5	2.3	6.89	Out
			778.5	782.9	4.4	2.16	Out
	DOM26-012	585.0	347.0	349.0	2.0	5.13	Out
			379.0	380.0	1.0	22.00	Out
			470.0	474.0	4.0	1.39	In Pit
			493.3	506.5	13.2	1.61	In Pit
	DOM26-013	459.5	328.3	337.0	8.7	3.12	Out
	DOM26-014	591.0	108.8	123.8	15.0	0.91	Out
			502.0	503.0	1.0	12.65	In Pit
	DOM26-019	614.0	385.7	386.0	0.3	331.00	Out
			507.6	513.7	6.1	19.56	Out
			incl
			507.6	508.0	0.4	279.00
			610.0	612.0	2.0	51.60	In Pit
			incl
			610.0	611.0	1.0	102.00
	DOM26-052	650.0	540.0	541.0	1.0	12.30	Out
			558.1	564.0	5.9	72.54	Out
			incl
			561.0	561.3	0.3	1400.00
			635.2	648.7	13.5	2.19	In Pit
	DOM26-054	781.4	340.0	351.0	11.0	5.28	Out
			incl
			347.1	347.4	0.3	83.10
			511.9	512.4	0.5	27.10	Out
			759.0	761.2	2.2	5.48	Out
			768.0	778.9	10.9	2.42	Out
	DOM26-051	516.0	106.1	106.5	0.4	27.20	Out
			431.3	435.0	3.7	17.92	Out
			incl
			432.1	432.9	0.8	71.20
			488.0	495.0	7.0	5.48	Out
			501.5	503.8	2.3	5.39	Out
	DOM26-056	647.0	128.6	130.2	1.6	9.90	Out
			289	298.1	9.1	3.48	Out
			incl
			289.5	290.3	0.8	28.20
			555.0	564.0	9.0	1.81	In Pit
			590.0	597.0	7.0	3.87	In Pit
	DOM26-053	805.0	739.9	754.2	14.3	2.34	Out
			802.2	804.0	1.8	51.87	Out
	DOM26-058	663.2	658.0	660.6	2.6	140.28	Out
			incl
			659.3	659.6	0.3	1170.00
South Area	DOM26-046	240.0	45.7	63.0	17.3	3.41	Out
			100.9	117.9	17.0	1.42	Out
	DOM26-047	300.0	69.9	89.0	19.1	1.71	Out
			104.8	106.5	1.7	11.41	Out
			121.0	133.9	12.9	1.15	Out
			175.5	179.8	4.3	1.26	Out
	DOM26-044	240.0	35.0	56.0	21.0	3.56	Out
			76.0	80.0	4.0	2.29	Out
	DOM26-048	300.0	139.0	145.0	6.0	2.53	Out
			149.0	153.0	4.0	1.73	Out
			153.0	154.0	1.0	2310.00
			154.0	163.3	9.3	2.09
			196.3	200.0	3.7	3.16	Out
			206.8	211.0	4.2	6.52	Out
			224.0	238.0	14.0	2.01	Out
	DOM26-049	420.0	163.0	164.1	1.1	56.50	Out
			171.0	176.0	5.0	3.93	Out
	DOM26-039	300.0	216.0	218.0	2.0	3.08	Out
			254.0	257.0	3.0	1.25	Out
	DOM26-041	300.0	45.9	50.5	4.6	1.41	Out
			55.0	58.0	3.0	3.67	Out
	DOM26-042	240.0	77.0	82.0	5.0	6.80	Out
			88.0	93.0	5.0	3.75	Out
	DOM26-060	402.0	168.0	182.1	14.1	0.69	Out
	DOM26-061A	402.0	174.3	196.3	22.0	1.48	Out
			284.0	298.9	14.9	1.75	Out
	DOM26-062	402.0	158.1	166.0	7.9	1.93	Out
	DOM26-063	402.0	129.5	137.0	7.5	1.40	Out
			175.2	178.2	3.0	4.44	Out
			209.0	218.0	9.0	11.63	Out
			incl
			213.0	214.0	1.0	93.40
	DOM26-065	402.0	44.2	45.0	0.8	35.10	Out
	DOM26-067	336.0	170.2	171.0	0.8	27.70	Out
	DOM26-069	366.0	107.0	113.0	6.0	1.23	Out
			349.9	357.8	7.9	0.59	Out
	DOM26-071	336.0	33.0	33.6	0.6	195.00	Out
			40.0	41.0	1.0	46.20	Out
			85.0	99.6	14.6	0.81	Out
			145.8	164.5	18.7	1.98	Out
			181.3	188.0	6.7	11.31	Out
			incl
					0.3	214.00	Out

1. All assays are reported uncut.
2. Intervals are reported using core lengths only as true widths are not known at this time.
3. Holes DOM26-055, 057, 068, 064, 040, 043, 045, 066 are not included in the table above as they have lower grade values.

Link to 3D Visuals: https://vrify.com/decks/24534

Figure 1. Dome Results

QUALIFIED PERSONS
Discovery’s exploration programs at the Porcupine Operations are conducted under the supervision of Eric Kallio, P.Geo., Executive Vice President, Exploration and Growth, Kara Byrnes, P.Geo, Vice President, Exploration and Geology – Porcupine and Steve Harding, P.Geo., Senior Geologist – Exploration Growth Projects. Mr. Kallio, Ms. Byrnes and Mr. Harding are “qualified persons” for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects, of the Canadian Securities Administrators, and have reviewed and approved the scientific and technical information in this news release.

Readers are referred to the mineral resource estimate as set out in the Company’s current technical report entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025 (the “Technical Report”), which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca. Statements concerning mineral resource estimates may also be deemed to constitute forward looking information to the extent that they involve estimates of the mineralization that will be encountered if the property is developed. The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized. 

QA/QC CONTROLS
The Company follows a quality assurance and control (“QA/QC”) program to ensure that sampling and analysis of all exploration work is conducted in accordance with best practices. 

Core is logged and sampled in a secure facility at the Dome mine site and under supervision of Qualified Geologists.  The NQ sized drill core is predominantly sawn in half with one half of the core prepared for shipment, the other half of core retained for future assay verification. CRM standards, coarse blank material and duplicates are inserted every 20 samples. Core samples are picked up by Activation Laboratories at the Dome Mine core facility and tracked via a chain of custody from site to the lab for preparation and assaying. 

Discovery utilizes the accredited external lab Activation Laboratories to manage its core analysis. ActLabs is certified by the Standards Council of Canada which conforms with ASB-RG Mineral Analysis Laboratory for the Accreditation of Mineral Analysis Testing Laboratories and CAN-P-4E ISO/IEC 17025: General Requirements for the Competence of Testing and Calibration Laboratories. 

Sample preparation includes crushing drill core up to 80% passing 2 mm, riffle splitting 500 grams and pulverizing to 95% passing 105 µm followed by both scheduled and specifically requested silica sand cleaning. Gold Analysis involves Fire Assay – Atomic Absorption technique from a 50-gram pulp sample with grade ranges between 5 to 10,000 ppb. Samples greater than 10,000 ppb are analyzed with a gravimetric finish. Selected high grade samples are also analyzed using the screen metallics procedure.

ABOUT DISCOVERY
Discovery Mining Ltd. is a growing precious metals company that is creating value for stakeholders through exposure to gold, silver and other critical minerals. Discovery is advancing plans to more than double annual gold production through investment in the Company’s Porcupine assets, which include multiple operations, attractive growth projects and significant exploration upside in one of the world’s most renowned gold camps in and near Timmins, Ontario. The acquisition of the Kidd Operations in June 2026 further increased Discovery’s land position within the camp, provided valuable infrastructure that will support the Company’s growing gold business, and added critical minerals to the Company’s current production profile. Discovery’s silver exposure comes mainly from the 100%-owned Cordero project, one of the world’s largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico.

On Behalf of the Board of Directors,

Tony Makuch, P. Eng
President, CEO & Chairman

For further information contact:
Mark Utting, CFA
EVP, Investor Relations and Communications
Phone: 416-806-6298
Email: mark.utting@dsvmining.com 
Website: www.dsvmining.com 

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may include forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking. Although Discovery believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Statements include but are not limited to the resource conversion and expansion potential at the Dome mine site the anticipated results and timing associated with the updated exploration program at the Porcupine Complex; the ability to expand mineralization at the Dome mine to the north, south and west; the ability to make new discoveries across the broader property;  the ability to complete and the anticipated benefits associated with the development of the drill programs; the timing associated with a new mineral resource estimate update planned in 2027 and the anticipated benefits thereof; the ability to convert and extend mineral resources at the Dome mine; the development of the Porcupine Operations and its attractive economics and significant exploration upside; construction decision and development, the ability to double annual gold production, the results of the Technical Report and the anticipated capital and operating costs, sustaining costs, net present value, internal rate of return, the method of mining for the the Porcupine Operations, payback period, process capacity, average annual metal production, average process recoveries, concession renewal, permitting of the assets, anticipated mining and processing methods, including but not limited to potential mill expansions, production schedule and metal production profile, anticipated construction period, anticipated mine life, expected recoveries and grades, anticipated production rates, infrastructure, social and environmental impact studies, the completion of key de-risking items, including the timing of receipt permits, availability of water and power, availability of labour, job creation and other local economic benefits, tax rates and commodity prices that would support development of the Project, and other statements that express management’s expectations or estimates of future performance, operational, geological or financial results Information concerning mineral resource/reserve estimates and the economic analysis thereof contained in the results of the Technical Report are also forward-looking statements in that they reflect a prediction of the mineralization that would be encountered, and the results of mining, if a mineral deposit were developed and mined. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made and they involve a number of risks and uncertainties.

Factors that could cause actual results to differ materially from those described in forward-looking statements include the completion of the drill programs and the results thereon, the ability to complete the required drilling on a timely basis and the impact of the completion of such drill programs on the ability for the Company to prepare an updated resource estimate in 2027; fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market access restrictions or tariffs, changes in U.S. laws and policies regarding regulating international trade, including but not limited to  changes to or implementation of tariffs, trade restrictions, or responsive measures of foreign and domestic governments, changes to cost and availability of goods and raw materials, along with supply, logistics and transportation constraints, changes in general economic conditions including market volatility due to uncertain trade policies and tariffs, the actual results of current and future exploration activities; changes to current estimates of mineral reserves and mineral resources; conclusions of economic and geological evaluations; changes in project parameters as plans continue to be refined; the speculative nature of mineral exploration and development; risks in obtaining and maintaining necessary licenses, permits and authorizations for the Company’s development stage and operating assets; the accuracy of historical and forward-looking operational and financial information estimates provided by Newmont; the Company’s ability to integrate the Porcupine Operations; statements regarding the Porcupine Operations, including the results of technical studies and the anticipated capital and operating costs, sustaining costs , internal rate of return, concession or claim renewal, the projected mine life and other attributes of the Porcupine Operations, including net present value, the timing of any environmental assessment processes, reclamation obligations; operations may be exposed to new diseases, epidemics and pandemics, including any ongoing or future effects of COVID-19 (and any related ongoing or future regulatory or government responses) and its impact on the broader market and the trading price of the Company’s shares; provincial and federal orders or mandates (including with respect to mining operations generally or auxiliary businesses or services required for operations) in Canada and Mexico, all of which may affect many aspects of the Company’s operations including the ability to transport personnel to and from site, contractor and supply availability and the ability to sell or deliver mined silver; changes in national and local government legislation, controls or regulations; failure to comply with environmental and health and safety laws and regulations; labour and contractor availability (and being able to secure the same on favourable terms); disruptions in the maintenance or provision of required infrastructure and information technology systems; fluctuations in the price of gold or certain other commodities such as, diesel fuel, natural gas, and electricity; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges and changes to production estimates (which assume accuracy of projected ore grade, mining rates, recovery timing and recovery rate estimates and may be impacted by unscheduled maintenance); changes in foreign exchange rates (particularly the Canadian dollar, U.S. dollar and Mexican peso); the impact of inflation; geopolitical conflicts; employee and community relations; the impact of litigation and administrative proceedings (including but not limited to mining reform laws in Mexico) and any interim or final court, arbitral and/or administrative decisions; disruptions affecting operations; availability of and increased costs associated with mining inputs and labour; delays in construction decisions and any development of the Porcupine Operations; changes with respect to the intended method of mining and processing ore from the Porcupine Operations; inherent risks and hazards associated with mining and mineral processing including environmental hazards, industrial accidents, unusual or unexpected formations, pressures and cave-ins; the risk that the Company’s mines may not perform as planned; uncertainty with the Company’s ability to secure additional capital to execute its business plans; contests over title to properties; expropriation or nationalization of property; political or economic developments in Canada and Mexico and other jurisdictions in which the Company may carry on business in the future; increased costs and risks related to the potential impact of climate change; the costs and timing of exploration, construction and development of new deposits; risk of loss due to sabotage, protests and other civil disturbances; the impact of global liquidity and credit availability and the values of assets and liabilities based on projected future cash flows; risks arising from holding derivative instruments; and business opportunities that may be pursued by the Company. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. Discovery does not assume any obligation to update any forward-looking statements except as required under applicable laws. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risk Factors” in the Company’s Annual Information Form dated February 19, 2026, and the Company’s technical report (the “Technical Report”) entitled “Porcupine Complex, Ontario, Canada NI 43-101 Report on Preliminary Assessment” with an effective date of January 13, 2025, which is available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca.

Preliminary Economic Assessment Disclaimer: The Technical Report includes the results of a preliminary economic assessment which is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized. Readers should refer to the full text of the Technical Report related to Mineral Resources and Mineral Reserves estimates as filed on www.sedarplus.ca.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5575ee1f-ff72-46dc-aa4d-b009afb79837

LONDON, Oct. 20, 2026 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) announced today that it will issue third quarter 2026 financial results after the market closes on Tuesday, November 3, 2026, and will host the quarterly earnings call on Wednesday, November 4, 2026, at 8:30 a.m. Eastern Time.

To join via phone:

Conference call participants should pre-register using this link:
https://register-conf.media-server.com/register/BI36c7b5339ba84b0ca798a27bf90a6238

Once registered, you will receive the dial-in numbers and a personal PIN, which are required to access the conference call.

To join via webcast:

A simultaneous audio webcast and replay will be accessible here:

https://edge.media-server.com/mmc/p/yd3eswuy

About Ferroglobe

Ferroglobe PLC is a leading global producer of silicon metal, silicon- and manganese-based specialty alloys and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, electronics, automotive, consumer products, construction, and energy. The Company is based in London. Visit https://investor.ferroglobe.com for more information.

INVESTOR CONTACT:

Alex Rotonen, CFA
Vice President, Investor Relations
investor.relations@ferroglobe.com

MEDIA CONTACT:

Cristina Feliu Roig
Vice President, Communications & Public Affairs
corporate.comms@ferroglobe.com

Source: Ferroglobe PLC

CLEVELAND, Oct. 20, 2026 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2027 first quarter earnings before the market opens on Thursday, November 5, 2026, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2027 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously at investors.parker.com with an accompanying slide presentation. The webcast will be archived and available for replay later that day.

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 70 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

###

CONTACT: Contact:
Media - 
Aidan Gormley - Director, Global Communications and Branding
216-896-3258
aidan.gormley@parker.com

Financial Analysts -
Jeff Miller - Vice President, Investor Relations
216-896-2708
jeffrey.miller@parker.com

Proceeds strengthen balance sheet and provide expected cash runway into 2029 to advance SZN-8141 and SZN-8143

SOUTH SAN FRANCISCO, Calif., Oct. 20, 2026 (GLOBE NEWSWIRE) — Surrozen, Inc. (Surrozen or the Company) (Nasdaq: SRZN), a biotechnology company pioneering targeted therapeutics to harness the power of Wnt signaling to address the underlying drivers of disease in sight-threatening ophthalmic conditions, today announced the closing of the second and final tranche of its March 2025 private placement of securities.

The second closing generated approximately $95.1 million in gross proceeds, before deducting placement agent fees and other offering expenses. The closing followed the achievement of the second closing milestone under the Company’s March 2025 securities purchase agreement, which was triggered by FDA clearance of the Company’s Investigational New Drug (IND) application for SZN-8141 on October 2, 2026.

“The completion of this financing marks an important milestone for Surrozen, significantly strengthening our balance sheet and providing the resources to advance our ophthalmology pipeline through multiple important clinical milestones,” said Craig Parker, President and Chief Executive Officer of Surrozen. “With expected cash runway into 2029, we are well positioned to advance SZN-8141 into the DUET Phase 1b/2a study and initiate clinical development of SZN-8143, while maintaining a disciplined approach to capital allocation.”

The second tranche included the issuance of approximately 5.7 million shares of common stock, pre-funded warrants exercisable for approximately 2.5 million shares of common stock, and Series E common stock warrants to purchase approximately 4.1 million shares of common stock. The Series E warrants have an exercise price of $11.54 per share. Following the closing, Surrozen has approximately 17.8 million shares of common stock outstanding, 3.8 million shares issuable upon exercise of pre-funded warrants, and 9.1 million shares issuable upon exercise of outstanding common stock warrants. Of the outstanding common stock warrants, approximately 1.8 million are exercisable for cash only and expire April 2029. The remaining approximately 7.3 million common stock warrants may be exercised on a cash or net exercise basis and have expiration dates ranging from March 2030 to October 2031. Substantially all outstanding common stock warrants have an exercise price of $11.54 per share.

Following the closing, Surrozen expects its cash, cash equivalents and marketable securities to provide cash runway into 2029, including funding for completion of the DUET Phase 1b/2a study of SZN-8141 and initial Phase 1b clinical development of SZN-8143.

Surrozen expects to file a new registration statement on Form S-3 with the U.S. Securities and Exchange Commission to register the resale of the shares of common stock, and shares issuable upon exercise of the pre-funded warrants and Series E common stock warrants issued in the second closing. Pursuant to a registration rights agreement with the investors, Surrozen is required to file the registration statement no later than 30 calendar days following the second closing date.

About SZN-8141 for Retinal Diseases 
Surrozen is developing SZN-8141 as an intravitreal injection for the treatment of DME and neovascular age-related macular degeneration (wet AMD). SZN-8141 combines Frizzled 4 (FZD4)-mediated Wnt agonism and VEGF antagonism and has the potential to provide benefits over treatment with single mechanism agents against these targets. The current standard of care for diabetic retinopathy (including DME), retinal vein occlusion and wet AMD is intravitreal administration of anti-VEGF therapies, including monotherapies and dual-pathway agents targeting VEGF and Ang-2. In addition, Merck’s remigromig, a FZD4-mediated Wnt agonist monotherapy, achieved its primary endpoint in a Phase 2b/3 clinical trial in DME, supporting the therapeutic potential of Wnt pathway activation in retinal vascular disease. The Company believes SZN-8141 has the potential to treat multiple retinopathy indications and be differentiated from existing therapies. Data generated in preclinical models of retinopathy demonstrated that SZN-8141 stimulated Wnt signaling and induced normal retinal vessel regrowth while suppressing pathological vessel growth.

About DUET
The Phase 1b/2a DUET study is designed to assess the safety, tolerability, and early signs of biological and clinical activity of SZN-8141. The trial consists of an open-label Phase 1b single-ascending-dose portion enrolling both treatment-naïve and previously treated patients with DME (Part 1), followed by a randomized, double-masked Phase 2a dose-expansion portion in treatment-naïve patients with DME (Part 2). In Part 1, patients will receive a single intravitreal injection of SZN-8141 and be followed for approximately three months to evaluate safety and tolerability, as well as pharmacokinetics, immunogenicity, and exploratory measures of retinal function and anatomy including best-corrected visual acuity (BCVA), optical coherence tomography (OCT), OCT angiography (OCT-A), and ultra-widefield fluorescein angiography. Part 2 is expected to evaluate two dose levels of SZN-8141 compared with Vabysmo^® (faricimab-svoa) in approximately 60 treatment-naïve patients with DME. Patients are planned to receive three monthly doses followed by an additional four-month follow-up period to assess durability of effect. Key outcome measures include the same functional and anatomic measurements as in Part 1. First patient dosing is expected in the fourth quarter of 2026, with initial data expected in the second half of 2027. The Company is also planning to develop SZN-8141 in neovascular age-related macular degeneration and is evaluating development in other retinal vascular diseases.

About SZN-8143 for Retinal Diseases 
Surrozen is developing SZN-8143 for the treatment of DME, wet AMD, and uveitic macular edema (UME). SZN-8143 combines FZD4 agonism, VEGF antagonism, and interleukin-6 (IL-6) antagonism and may have benefits over single mechanism agents against these targets. The current standard of care for diabetic retinopathy (including DME), retinal vein occlusion and wet AMD is intravitreal administration of anti-VEGF therapies, including monotherapies and dual-pathway agents targeting VEGF and Ang-2. In addition, Merck’s remigromig, a FZD4 monotherapy, achieved its primary endpoint in a Phase 2b/3 clinical trial in DME, supporting the therapeutic potential of Wnt pathway activation in retinal vascular disease. The Company believes SZN-8143 has the potential to treat multiple retinopathy indications and be differentiated from existing therapies. Data generated in preclinical models of retinopathy demonstrated that SZN-8143 stimulated Wnt signaling and induced normal retinal vessel regrowth while suppressing pathological vessel growth.

About Surrozen
Surrozen is a biotechnology company, pioneering a new class of Wnt-based therapeutics designed to harness the power of Wnt signaling to treat sight-threatening ophthalmic conditions. Built on deep scientific expertise and a proprietary antibody-engineering platform, Surrozen develops multifunctional biologics that selectively activate Wnt signaling in combination with other key disease pathways. Surrozen’s approach aims to deliver best-in-class, durable therapies that have the potential to transform patient outcomes in some of the most pressing unmet medical needs in ocular diseases. For more information, visit www.surrozen.com. 

Forward-Looking Statements 
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements generally are accompanied by words such as “will,” “plan,” “intend,” “potential,” “expect,” “could,” or the negative of these words and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Surrozen’s cash runway into 2029 (including completion of the DUET Phase 1b/2a study of SZN-8141 and initial Phase 1b clinical development of SZN-8143) and Surrozen’s discovery, research and development activities, in particular its development plans for its product candidates (including anticipated clinical development plans and timelines, such as the Company’s plan to dose the first patient in the DUET Phase 1b/2a study in DME patients in the fourth quarter of 2026, the availability of data, such as initial data from the DUET study being anticipated in the second half of 2027, Surrozen’s plan to develop SZN-8141 in neovascular age-related macular degeneration, the potential for such product candidates to be used to treat human disease or address unmet needs in serious eye diseases, as well as the potential benefits and potential differentiation from existing therapies of such product candidates, and the anticipated use of proceeds from the second closing of the private placement). These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the management of Surrozen and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Surrozen. These forward-looking statements are subject to a number of risks and uncertainties, including the initiation, cost, timing, progress and results of research and development activities, preclinical and clinical trials with respect to its product candidates and potential future drug candidates; the Company’s ability to fund its preclinical and clinical trials and development efforts, whether with existing funds or through additional fundraising; Surrozen’s ability to identify, develop and commercialize drug candidates; Surrozen’s ability to successfully complete preclinical and clinical studies for its product candidates; the effects that arise from volatility in global economic, political, regulatory and market conditions; and all other factors discussed in Surrozen’s Annual Report on Form 10-K for the year ended December 31, 2025, and Surrozen’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 filed with the Securities and Exchange Commission (“SEC”) under the heading “Risk Factors,” and other documents Surrozen has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Surrozen presently does not know, or that Surrozen currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Surrozen’s expectations, plans, or forecasts of future events and views as of the date of this press release. Surrozen anticipates that subsequent events and developments will cause its assessments to change. However, while Surrozen may elect to update these forward-looking statements at some point in the future, Surrozen specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Surrozen’s assessments of any date after the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Investor/Media Contact:
Email: Investorinfo@surrozen.com

Banco Comercial Português, S.A. informs about decision to call the currently outstanding EUR 300,000,000 Subordinated Fixed Rate Reset Notes due 17 May 2032 with an outstanding amount of 300 million euros

Attachment

• 20261020 Call BCP 300 mln T2 EN

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

ST. CATHARINES, ONTARIO, Oct. 20, 2026 (GLOBE NEWSWIRE) — Algoma Central Corporation (“Algoma”) (TSX:ALC) announced today that it has entered into an agreement to sell, on a bought deal basis to a syndicate of underwriters led by CIBC Capital Markets, $50,000,000 aggregate principal amount of 6.20% convertible unsecured subordinated debentures (the “Debentures”) at a price of $1,000 per Debenture (the “Public Offering”). Algoma has also granted the underwriters an over-allotment option to purchase up to an additional $7,500,000 aggregate principal amount of Debentures at the same price exercisable in whole or in part at any time for a period of 30 days following closing.

Concurrent with the Public Offering, Algoma has agreed to issue, on a non-brokered private placement basis, $12,500,000 aggregate principal amount of Debentures to E-L Financial Corporation Limited (“E-L”) on the same terms as the Public Offering (the “Concurrent Private Placement”). The securities issued pursuant to the Concurrent Private Placement will be subject to a statutory hold period of four months and one day from the date of closing.

The Debentures will mature on December 31, 2031 and will bear interest at an annual rate of 6.20% payable semi-annually on June 30 and December 31 of each year, commencing June 30, 2027. At the holder’s option, the Debentures may be converted into common shares of Algoma (“Shares”) at any time prior to the close of business on the earlier of December 31, 2031 and the business day immediately preceding the date specified by Algoma for redemption of the Debentures. The conversion price will be $46.95 per Share (the “Conversion Price”), subject to adjustment in certain circumstances.

The Debentures will not be redeemable before December 31, 2029. On and after December 31, 2029 and prior to December 31, 2030, the Debentures may be redeemed in whole or in part from time to time at Algoma’s option, at par plus accrued and unpaid interest, provided that the volume weighted average trading price of the Shares on the Toronto Stock Exchange during the 20 consecutive trading days ending on the fifth trading day preceding the date on which the notice of the redemption is given is not less than 125% of the Conversion Price. On and after December 31, 2030 and prior to the maturity date, Algoma may, at its option, redeem the Debentures, in whole or in part, from time to time at par plus accrued and unpaid interest.

Algoma expects to use the net proceeds of the Public Offering and the Concurrent Private Placement to fund newbuild investments, mergers and acquisitions, and for general corporate purposes.

The Public Offering and the Concurrent Private Placement are expected to close on or about November 4, 2026 and are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. The closing of the Public Offering and the Concurrent Private Placement are contingent upon closing of the other.

A preliminary short-form prospectus will be filed by October 23, 2026 with the securities regulatory authorities in all provinces of Canada in connection with the Public Offering. The securities offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registrations requirements of such Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

EARLY WARNING DISCLOSURE

Assuming the Concurrent Private Placement closes, E-L will acquire beneficial ownership of and control or direction over $12,500,000 principal amount of Debentures pursuant to the Concurrent Private Placement.

Prior to the acquisition, E-L and other joint actors, beneficially owned or controlled 29,340,740 Shares. These Shares represented approximately 72.33% of Algoma’s issued and outstanding Shares on an undiluted basis.

Assuming the Concurrent Private Placement closes, E-L and other joint actors will beneficially own or control $12,500,000 principal amount of Debentures, that could be convertible into 266,240 Shares, and 29,340,740 Shares for a total beneficial ownership of 29,606,980 Shares, representing approximately 72.51% of Algoma’s issued and outstanding Shares on a partially diluted basis, assuming conversion of E-L’s Debentures into Shares.

On an as adjusted basis taking into account a previous share split undertaken by Algoma and assuming the Concurrent Private Placement closes, this would result in E-L and other joint actors having beneficially acquired more than 2% of the currently outstanding Shares of Algoma on a partially diluted basis since E-L’s previously filed early warning report and therefore triggering the requirement to make this disclosure.

The Debentures were acquired by E-L for investment purposes. E-L and joint actors may acquire additional securities of Algoma or may sell securities of Algoma, in the future depending on market conditions, reformulation of plans and/or other relevant factors.

This news release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, which requires an early warning report to be filed under Algoma’s profile on SEDAR+ at www.sedarplus.ca containing additional information with respect to the foregoing matters. A copy of E-L’s early warning report will appear on Algoma’s issuer profile on SEDAR+ at www.sedarplus.ca.

ALGOMA CENTRAL CORPORATION

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice™. Learn more at www.algonet.com.

FORWARD-LOOKING STATEMENTS

Certain information included in this press release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues” or similar words. In particular, this press release includes forward- looking statements pertaining to the proposed timing of completion of the Public Offering and Concurrent Private Placement, the use of proceeds of the Public Offering and Concurrent Private Placement, and receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. Algoma believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward- looking statements should not be unduly relied upon.

Forward-looking statements are based on current information and expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, risks associated with the ability  to  satisfy  regulatory  and  commercial  closing  conditions  of  the  Public Offering and Concurrent Private Placement,  the uncertainty associated with accessing capital markets and the risks related to Algoma’s business, including those identified in Algoma’s Annual Information Form for the fiscal year  ended  December  31,  2025 under the heading “Risks and Uncertainties to the Company”.  Reference should be made to this additional   information   prior   to   making   any   investment   decision.   Forward-looking statements contained in this press release are made as of the date hereof and are subject to change. Algoma assumes no obligation to revise or update forward looking statements to reflect new circumstances, except as required by law.

FOR FURTHER INFORMATION PLEASE CONTACT:

Gregg A. Ruhl

President and Chief Executive Officer
905-687-7890

Christopher A.L. Lazarz, CPA, CA

Chief Financial Officer
905-687-7940

LONG BEACH, Calif., Oct. 20, 2026 (GLOBE NEWSWIRE) — Rocket Lab Corporation (Nasdaq: RKLB), a global leader in launch services and space systems, today announced that it will release its financial results for the third quarter 2026 following the close of the U.S. markets on Monday November 9^th, 2026. Rocket Lab will host a corresponding conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).

A live webcast and replay of the conference call will be available on the Company’s Investor Relations website at www.investors.rocketlabcorp.com.

Rocket Lab Investor Relations Contact
Patrick Vorenkamp
investors@rocketlabusa.com

Rocket Lab Media Contact
Murielle Baker
media@rocketlabusa.com

About Rocket Lab
Rocket Lab is a leading space company that provides launch services, spacecraft, payloads, and satellite components serving commercial, government, and national security markets. Rocket Lab’s Electron rocket is the world’s most frequently launched orbital small rocket; its HASTE rocket provides hypersonic test launch capability for the U.S. government and allied nations; and its Neutron launch vehicle in development will unlock medium launch for constellation deployment, national security and exploration missions. Rocket Lab’s spacecraft and satellite components have enabled more than 1,700 missions spanning commercial, defense and national security missions including GPS, constellations, and exploration missions to the Moon, Mars, and Venus. Rocket Lab is a publicly listed company on the Nasdaq stock exchange (RKLB). Learn more at www.rocketlabcorp.com.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding our launch and space systems operations, launch schedule and window, safe and repeatable access to space, Neutron development, operational expansion and business strategy, are forward-looking statements. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “strategy,” “future,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors, risks and uncertainties included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at https://investors.rocketlabcorp.com which could cause our actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

NEW YORK, Oct. 20, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Meyer “Micky” Malka, founder and managing partner of Ribbit Capital, has been appointed to the Board of Directors of Apollo Global Management, Inc. (“Apollo”), effective January 1, 2027. With this appointment, the Apollo board of directors will increase in size to 14 directors. Apollo continues to maintain a two-thirds independent board of directors.

Mr. Malka has more than 30 years of experience building and investing in technology and financial services businesses across the US, Europe, Asia, and Latin America. Ribbit Capital is an investment fund focused on innovative companies in the technology sector. In addition, Mr. Malka currently serves on the board of directors of Robinhood Markets, Inc., and several private companies.

Earlier in his career, Mr. Malka co-founded Heptagon Group, a securities and investment broker-dealer serving the Venezuelan and US markets, and developed Patagon.com, Latin America’s first comprehensive internet-based financial services portal and dealer, which was acquired by Banco Santander in 2000. He also co-founded Banco Lemon, a Brazilian retail bank serving the underbanked that became one of the country’s largest private microfinance institutions before its acquisition by Banco do Brasil in 2009. He later co-founded Bling Nation, a mobile payments company that evolved into Lemon Inc., a mobile wallet company that was acquired in 2013. Mr. Malka holds a degree in economics from the Universidad Católica Andrés Bello in Caracas, Venezuela.

Micky Malka said, “I’ve long admired Apollo. They have a unique point of view and are building the future of the financial markets.”

Marc Rowan, Board Chair and Chief Executive Officer of Apollo, said, “Micky has spent his career building companies at the intersection of technology and financial services, and his background will be a real asset as we continue to drive growth across our platform.”

Gary Cohn, Lead Independent Director of Apollo, said, “Micky’s entrepreneurial track record brings additional global perspective to the Board. I look forward to working with him as we continue to deliver for our shareholders.”

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2026, Apollo had approximately $1.05 trillion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

Diversified Energy Company (NYSE: DEC, LSE: DEC) (“Diversified” or the “Company”) is pleased to announce that the Company plans to publish its operational and financial results for the quarter ended September 30, 2026 (the “third quarter results”) on Wednesday, November 4^th, 2026, after the U.S. market close. The Company will host a conference call at 8:30 AM EST (1:30 PM GMT) on Thursday, November 5^th to discuss the third quarter 2026 results and make an audio replay of the event available shortly thereafter.

Conference Details

US (toll-free)	877-836-0271 / +1 201-689-7805
UK (toll-free)	+ 44 (0) 800 756 3429
Web Audio	https://www.div.energy/news-events/ir-calendarevents
Replay Information	https://ir.div.energy/financial-info

Prior to the event, Diversified will publish the Company’s third quarter results on its website at https://ir.div.energy/financial-info and make available a supplementary second quarter results Presentation at https://ir.div.energy/presentations.

For further information, please contact:

Diversified Energy Company	+1 973 856 2757
Doug Kris	dkris@dgoc.com
Senior Vice President, Investor Relations & Corporate Communications	www.div.energy
FTI Consulting	dec@fticonsulting.com
U.S. & UK Financial Public Relations

About Diversified Energy Company

Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimizing cash-generating energy assets. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

• Plans to showcase the Xos Power Hub™ line, rapidly deployable energy storage available from 210 kWh to 3.1 MWh per unit
• Displays the AC Power Hub, a towable unit that arrives, connects, and moves with the job
• Invites data center, utility, and industrial teams to Booth W15500 at the Las Vegas Convention Center

LOS ANGELES, Oct. 20, 2026 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS) (“Xos” or the “Company”), a leading energy storage and fleet electrification solutions provider, today announced its participation in RE+ 2026, North America’s largest clean energy event. Xos will share Booth W15500 with Pioneer eMobility at the Las Vegas Convention Center from November 16 to 19, 2026.

At the show, Xos will present the Power Hub line and display the AC Power Hub on the booth floor. Visitors will see how Power Hub storage arrives fully integrated, connects to any source, and powers a site in days instead of the years a new grid connection can take.

Xos Highlights at RE+ 2026:

• Power on your terms. The Power Hub bridges data centers and industrial sites through multi-year grid delays and powers site growth ahead of utility upgrades. It also runs standalone microgrids where EV fleets can power the site, delivers grid-independent power to remote mining and agriculture operations, supports construction, events, disaster relief, and mission-critical sites, and combines into multi-megawatt utility-scale plants.
• Built to scale. The Xos Power Hub™ comes in four configurations, 210 kWh, 420 kWh, 630 kWh, and 3.1 MWh of storage per unit, with up to 1.5 MW of power output per unit. Up to 32 units connect in parallel for multi-megawatt sites, and more than 250 MWh is already deployed across North America.
• Any source, any site. Power Hub units arrive fully integrated on a trailer, skid, or 20-foot container: connect and power on. They pair with the grid, generators, or solar arrays, and the 210, 420, and 630 kWh units can also recharge from a DC fast charger. Grid-forming controls let a site run with the grid or on its own, switching between the two without interruption, with real-time remote monitoring, diagnostics, and control from anywhere.
• On display: the AC Power Hub. Attendees at Booth W15500 will see the AC Power Hub, a towable, battery-buffered mobile generator with 210, 420, or 630 kWh of LFP storage. Dual bi-directional AC channels each deliver up to 150 kW with independent voltage and frequency control. It needs no permits, excavation, or permanent installation, and carries UL1973, UL9540A, and UL1741 certifications.
• Built in America. Power Hub systems are designed in California, manufactured in Tennessee, Buy American compliant, and backed by domestic service. Public agencies can purchase the AC Power Hub through Sourcewell, OMNIA Partners, NPPGov, GSA, and California CORE.

“Energy infrastructure has traditionally been a permanent, multi-year bet. The Power Hub turns it into a flexible asset: customers deploy it where they need power, scale it as demand grows, and move it when the project ends, with no stranded capital. Designed in California and manufactured in Tennessee, it also means fewer shipping delays, faster domestic service, and eligibility for public projects with Buy American requirements. Speed, flexibility, and American manufacturing are what Xos is building its energy storage business around,” said Dakota Semler, Chief Executive Officer of Xos.

Demand for new power is outpacing the grid’s ability to connect it. According to Lawrence Berkeley National Laboratory’s 2026 “Queued Up” report, 2,061 GW of generation and storage capacity is waiting to connect to the U.S. grid, and projects can take more than five years to reach commercial operation. For data centers, industrial sites, and utilities that need power sooner, that wait is a direct barrier to growth. The Xos Power Hub’s rapidly deployable, factory-integrated approach is built to help close that gap.

Attendees can see the AC Power Hub in person at Booth W15500 during Expo Hall hours. To schedule a meeting with the Xos team in advance, email marketing@xostrucks.com or visit www.xostrucks.com.

About Xos

Xos, Inc. (NASDAQ: XOS) is a leading energy and fleet electrification company, specializing in mobile energy storage infrastructure and battery-electric fleet solutions. The Company’s mobile and stationary energy storage systems are purpose-built for the demanding requirements of commercial, industrial, and municipal operations. They deliver reliable, cost-effective power and charging without costly utility upgrades or grid improvements, supported by proprietary fleet management software and fully electric commercial vehicles for seamless operations. For more information, visit www.xostrucks.com.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding projected financial and performance information; expectations and timing related to product deliveries and customer demand; sufficiency of existing cash reserves; customer acquisition and order metrics; ability to access additional capital and Xos’s long-term strategy and future growth. These forward-looking statements may be identified by the words “anticipate,” “believe,” “continue,” “likely,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “might,” “could,” “should,” “will,” “would,” and similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) Xos’s liquidity and access to capital when needed, including its ability to service its indebtedness; (ii) cost increases and delays in production due to supply chain shortages in the components needed for the production of Xos’s vehicle chassis and battery system; (iii) the ability of products and/or components to perform as designed or expected; (iv) Xos’s ability to implement its business plan or meet or exceed its financial projections; (v) Xos’s ability to retain key personnel and hire additional personnel, particularly in light of current and potential labor shortages; (vi) the risk of downturns and a changing regulatory landscape in the highly competitive electric vehicle industry; and (vii) macroeconomic and political conditions. All forward-looking statements included in this press release are expressly qualified in their entirety by, and you should carefully consider, the foregoing factors and the other risks and uncertainties described under the heading “Risk Factors” included in Xos’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the “SEC”) on March 31, 2025 and Xos’s other filings with the SEC, copies of which may be obtained by visiting Xos’s Investors Relations website at https://www.xostrucks.com/sec-filings or the SEC’s website at www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Xos assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Xos does not give any assurance that it will achieve its expectations.

Media Contact: 
Marketing@xostrucks.com 

Investor Contact:
Xos Investor Relations
ir@xostrucks.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f53e955b-376b-47f5-ae43-528e0cbf90fc