Tag: GlobeNewswire

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Toronto, Nov. 02, 2026 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC) (OTCQB: NIOVF) (Frankfurt: 4Y7 or WKN: A0M2QX) (“Plato” or the “Company”) confirms completion of its non-brokered critical-mineral flow-through private placement (the “Offering”), previously announced on September 9, 2026. The only closing occurred on September 29, 2026, as disclosed on October 2, 2026, when the Company issued 1,100,000 flow-through common shares (the “FT Shares”) at $0.05 per FT Share for total gross proceeds of $55,000. No additional shares have been issued under the Offering, and no further subscriptions or closings will proceed. The unfilled balance of the previously announced offering of up to $150,000 has been terminated.

The gross proceeds are intended to fund eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures under the Income Tax Act (Canada) at the Company’s Pic River Platinum Group Metals Project near Marathon, Ontario. The Company intends to incur these expenditures by December 31, 2026 and renounce them to subscribers effective no later than December 31, 2026 under the general renunciation rule.

The FT Shares are subject to a statutory hold period of four months and one day and may not be traded before January 30, 2027, except as permitted under applicable securities legislation. The Offering remains subject to final acceptance by the TSX Venture Exchange.

No warrants were issued, and no finder’s fees or commissions were paid in connection with the Offering.

As disclosed in the Company’s October 2, 2026 news release, Anthony Cohen, President, Chief Executive Officer and a director, subscribed for 600,000 FT Shares for $30,000. His participation constituted a related party transaction under MI 61-101, for which the Company relied on the formal valuation and minority shareholder approval exemptions in sections 5.5(a) and 5.7(1)(a), respectively, as his participation did not exceed 25% of the Company’s market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended, or any applicable state securities laws and may not be offered or sold in the United States except pursuant to an available exemption from such registration requirements.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company traded on the TSX Venture Exchange, OTC Markets, and Frankfurt Exchange with projects in Marathon, Ontario and Santa Cruz, Argentina, and a remaining mineral property interest in Timmins, Ontario.

The Company’s remaining Timmins, Ontario mineral property interest consists of a 20% interest in the Harker property, located in the Harker/Holloway gold camp east of Timmins, Ontario, and prospective for gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 6,035 hectares in the Killala Lake Area and Cairngorm Lake Area Townships, near Marathon, Ontario, with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,352 hectares in Foxtrap Lake and Grain Township, near Marathon, Ontario. The property includes 19 claims that are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit. 

For additional company information, please visit www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
Info1@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains forward-looking information within the meaning of applicable securities laws concerning the intended use of proceeds, exploration activities, the qualification and timing of expenditures and renunciation, and final Exchange acceptance. This information is based on management’s current expectations and assumptions, including that required approvals will be obtained, exploration expenditures can be incurred within the intended period and will qualify under applicable tax legislation, and certification and renunciation requirements will be met. Risks include delays in approvals or exploration activities, availability and cost of personnel and services, and expenditures or renunciations failing to qualify for the intended tax treatment. Actual results may differ materially, and there can be no assurance that the intended tax treatment will be available. Readers should not place undue reliance on forward-looking information, which is provided as of the date of this release. The Company undertakes no obligation to update it except as required by law.

NEW YORK, Nov. 02, 2026 (GLOBE NEWSWIRE) — Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced that it received a written notice (the “Notice”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) on October 28, 2026, indicating that the Company is not in compliance with the $1.00 minimum bid price requirement under the Nasdaq Listing Rules (the “Listing Rules”). Based on the closing bid price of the Company’s listed securities from September 16, 2026 to October 27, 2026, the Company has not met the minimum bid price requirement set forth in Listing Rule 5450(a)(1) during that period.

The Notice states that under Listing Rule 5810(c)(3)(A), the Company is provided with a period of 180 calendar days, or until April 26, 2027, to regain compliance with the Listing Rules. To regain compliance with the Listing Rules, the closing bid price of the Company’s American Depositary Shares (“ADS”) must meet or exceed $1.00 per ADS for at least ten consecutive business days, unless Nasdaq exercises its discretion to extend this ten-day period. In the event the Company does not regain compliance by April 26, 2027, the Company may be eligible for an additional period to regain compliance.

The Notice is only a notification of deficiency and has no immediate effect on the listing of the Company’s ADS. The Company’s ADSs will continue to trade on the Nasdaq Global Select Market at this time. The Company’s receipt of the Notice does not impact the Company’s business, operations or reporting requirements with the U.S. Securities and Exchange Commission.

The Company is currently evaluating available options to regain compliance with Nasdaq’s continued listing requirements.

About Lotus Technology Inc.

Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

Forward-Looking Statements

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

For investor inquiries

ir@group-lotus.com

Experienced public company chief financial officer and director brings financial reporting and capital markets expertise

BOCA RATON, Fla., Nov. 02, 2026 (GLOBE NEWSWIRE) — Greenlane Holdings, Inc. (“Greenlane” or the “Company”) (Nasdaq: GNLN), a publicly traded company with a digital asset treasury strategy focused on the acquisition, management and strategic deployment of BERA, the native token of the Berachain blockchain network, today announced that its Board of Directors (the “Board”) has appointed Peter Kampian as a director, effective October 27, 2026. The Board has determined that Mr. Kampian is an independent director under Nasdaq listing standards. Following his appointment, the Board consists of four directors.

Mr. Kampian is a Chartered Professional Accountant with more than 30 years of experience as a chief financial officer, director and advisor of public and private companies in the energy, cannabis, clean technology and mining sectors. Since 2009, he has served as Chief Executive Officer of Edge Financial Consulting Services Corp., a financial consulting firm providing restructuring, chief financial officer and other advisory services.

He has also served as chief financial officer of several public and private companies, including Algonquin Power & Utilities Corp. and Mettrum Health Corp.; as a board advisor to U.S. and Canadian public companies; and as chief restructuring officer of several entities.

Mr. Kampian has served as a director of Aduro Clean Technologies Inc. (Nasdaq: ADUR; TSX: ACT) since April 2021 and currently chairs its audit committee, and has been a director of Matador Technologies Inc. (TSXV: MATA), a bitcoin ecosystem and treasury company, since 2024. He previously served as a director of Statehouse Holdings Inc. (formerly Harborside Inc.). He holds the CPA, CA and ICD.D designations.

“Peter brings deep public company finance and audit committee experience, along with a working knowledge of how digital asset treasury companies are governed and reported,” said Bruce Linton, Chairman of the Board. “We are pleased to welcome him to the Board.”

“I am pleased to join Greenlane’s Board,” said Mr. Kampian. “I look forward to working with my fellow directors and the management team.”

About Greenlane Holdings, Inc.

Greenlane Holdings, Inc. (Nasdaq: GNLN) is a publicly traded digital asset treasury company focused on accumulating BERA and actively participating in Berachain’s Proof-of-Liquidity infrastructure. For more information, visit www.gnln.com.

Investor Contact

Tyler Burns, Investor Relations
tyler.burns@greenlane.com
(613) 697-0367

KANSAS CITY, Mo., Nov. 02, 2026 (GLOBE NEWSWIRE) — H&R Block, Inc. (NYSE: HRB) today announced it will host an Investor Day on Thursday, December 3, 2026, in New York City. The event will begin at 8:30 a.m. Eastern Time.

President and Chief Executive Officer Curtis Campbell, Chief Financial Officer Tiffany Mason, and other members of H&R Block’s senior leadership team will discuss the company’s long-term strategy and execution priorities for driving growth and creating long-term shareholder value. The event will conclude with a question-and-answer session with management. 

A live webcast and accompanying presentation materials will be available through H&R Block’s Investor Relations website at https://investors.hrblock.com/news-events/events. A replay of the webcast will be available after the event. 

About H&R Block
H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small business solutions. Named CNET’s Best Overall online tax service for 2026, the company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and manage their money better using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News. 

For Further Information

Investor Relations:	Jessica Hazel, jessica.hazel@hrblock.com
Media Relations:	Media Desk, mediadesk@hrblock.com

TAICHUNG, Taiwan and HOUSTON, Nov. 02, 2026 (GLOBE NEWSWIRE) — J-Star Holding Co., Ltd. (Nasdaq: YMAT) (“J-Star” or the “Company”), an innovator in advanced composite manufacturing, today announced that shareholders approved key capital restructuring initiatives at the Company’s extraordinary general meeting (the “Meeting”) held on October 29, 2026. The capital restructuring initiatives approved by our shareholders represent a deliberate and crucial step in our broader strategy. By moderating insider ownership concentration to enhance market liquidity, and by building a robust financial foundation following our debt-to-equity conversion, we are optimizing our capital structure pending the final approval of Nasdaq. These proactive measures are specifically designed to support our aggressive strategic growth, advanced unmanned aerial vehicle (UAV) carbon fiber frame manufacturing and commercialization roadmap in the United States.

At the Meeting, among the proposals approved was authorization for a 1-for-10 share consolidation, which will become effective subject to the receipt of all necessary regulatory clearances. The Company will announce the effective date in a subsequent press release.

The shareholder approvals at the Meeting follow the Company’s previously announced $8.2 million debt-to-equity conversion in May 2026 and the irrevocable cancellation of an additional $1.7 million in shareholder debt by the Company’s Chief Executive Officer, Mr. Jing-Bin Chiang, in June 2026. Together, these initiatives represent meaningful progress in reducing outstanding obligations, strengthening the Company’s balance sheet, and aligning its financial structure with its longer-term strategic objectives.

Taiwan Engineering and R&D Capabilities Support U.S. Expansion

In March 2026, J-Star invested approximately $4.0 million to acquire, upgrade, and outfit a corporate office and dedicated research and development facility in Taiwan. The investment reflects the Company’s commitment to consolidating its engineering, research and technical resources to accelerate the development and commercialization of its advanced composite technologies.

The Taiwan facility is expected to play an important role in supporting J-Star’s U.S. expansion by leveraging the Company’s established engineering expertise, intellectual property, and manufacturing to develop higher-value composite applications and support commercial manufacturing opportunities in the United States. Through this complementary operating structure, J-Star aims to combine its technical foundation in Taiwan with its strategic growth initiatives in the U.S. market.

Management Commentary

Mr. Jing-Bin Chiang, Chairman of the Board of Directors and Chief Executive Officer of J-Star, commented:

“Shareholder approval of these capital restructuring initiatives represents an important milestone in our ongoing efforts to strengthen J-Star’s financial position and align our capital structure with our long-term business objectives. Combined with the previously announced debt-to-equity conversion and shareholder debt cancellation, we believe these actions provide a stronger financial foundation as we advance our strategic priorities.”

“Equally important, we are continuing to invest in the engineering, research, and technical capabilities that underpin our next phase of growth. Our Taiwan operations provide an established foundation of engineering expertise and manufacturing experience that we intend to leverage as we expand our commercial manufacturing presence in the United States. We are grateful for the continued support of our long-term shareholders as we execute this strategy and work to create sustainable value for our shareholders.”

About J-Star Holding Co., Ltd.

J-Star Holding Co., Ltd. (Nasdaq: YMAT) develops and commercializes cutting-edge technology in carbon reinforcement and resin systems. The company is a global manufacturer of carbon fiber and composite material products, with a legacy in high-performance cycling components and a growing portfolio of applications across healthcare, automotive, and other advanced materials markets. Headquartered in Taichung, Taiwan, J-Star is backed by 50 years of industrial manufacturing experience with IP technology developed to facilitate its expansion into United States. For more information, visit j-starholding.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, including statements regarding the Company’s capital markets strategy, its U.S. expansion plans, and its evaluation of opportunities in aerospace and defense-adjacent markets. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F and its registration statement on Form F-3, as amended. The Company undertakes no obligation to update any forward-looking statements, except as required by law.

Contact

Matt Chesler, CFA
FNK IR
646-809-2183
investor@j-starholding.com

MINNEAPOLIS, Nov. 02, 2026 (GLOBE NEWSWIRE) — Vireo Growth Inc. (CSE: VREO) (OTCQX: VREOF) (“Vireo” or the “Company”), a leading cannabis company and agricultural markets platform, today announced that it has received registrations from the U.S. Drug Enforcement Administration (“DEA”) for all 41 of its state-licensed medical cannabis dispensaries in Florida.

Vireo’s registrations are among the initial federal registrations issued by the DEA to qualifying state-licensed medical marijuana dispensaries under the new Schedule III framework established by the DEA’s April 2026 final rule. The initial issuance represents an important regulatory milestone for Vireo’s Florida operations and the broader medical cannabis industry.

“Florida is one of our key markets, and we are pleased to have received these registrations,” said John Mazarakis, Chief Executive Officer of Vireo. “We appreciate the DEA’s efforts in advancing this process and welcome continued progress toward a federal regulatory framework that recognizes responsible, state-licensed cannabis operators and supports a more stable and sustainable industry.”

About Vireo Growth Inc.

Vireo Growth Inc. (CSE: VREO; OTCQX: VREOF) is a leading vertically integrated cannabis company building a broad platform across cannabis and adjacent agricultural markets. The Company operates cultivation, manufacturing, retail dispensaries, home delivery, distribution, and agricultural supply businesses across the United States, creating exposure to both cannabis and complementary adjacent markets. With operations in 10 states and approximately 180 operational dispensaries nationwide, Vireo combines disciplined capital allocation, strategic acquisitions, and local market execution to scale its platform and drive long-term shareholder value. The Company is focused on expanding market share and strengthening its portfolio of consumer brands and services, while supporting the customers, employees, shareholders, and communities it serves. For more information about Vireo, visit www.vireogrowth.com.

Forward-Looking Information

This press release contains “forward-looking information” or “forward-looking statements” within the meaning of applicable United States and Canadian securities legislation (referred to herein as “forward-looking information”). Forward-looking information contained in this press release may be identified by the use of words such as “should,” “believe,” “estimate,” “would,” “looking forward,” “may,” “continue,” “expect,” “expected,” “will,” “likely,” “subject to,” and variations of such words and phrases, or any statements or clauses containing verbs in any future tense. Forward-looking information in this press release includes, without limitation, statements regarding the anticipated impact of the DEA registrations on the Company’s Florida operations and the medical cannabis industry; the Company’s ability to maintain such registrations and comply with applicable federal requirements; the development of a federal regulatory framework for state-licensed cannabis operators; and the Company’s growth strategy. These statements should not be read as guarantees of future performance or results.

Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, the reader should not place undue reliance on the forward-looking information because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. Forward-looking information is subject to a variety of risks and uncertainties that could cause actual events or results to differ materially from those projected in the forward-looking information. Such risks and uncertainties include, but are not limited to, the Company’s ability to maintain its DEA registrations and comply with the recordkeeping, security, reporting and other requirements applicable to DEA registrants; the possibility that the Schedule III framework, or the order establishing it, is modified, delayed, rescinded or subject to legal challenge; uncertainty regarding the interaction between federal and state cannabis laws; the nature, cost, impact and outcome of pending and future litigation, other legal or regulatory proceedings, or governmental investigations and actions; risks related to the timing and content of adult-use legislation in markets where the Company currently operates; risks related to epidemics and pandemics; federal, state, local, and foreign government laws, rules, and regulations, including federal and state laws and regulations in the United States relating to cannabis operations in the United States and any changes to such laws or regulations; operational, regulatory and other risks; execution of business strategy; management of growth; difficulties inherent in forecasting future events; conflicts of interest; risks inherent in an agricultural business; risks inherent in a manufacturing business; liquidity and the ability of the Company to raise additional financing to continue as a going concern; the Company’s ability to meet the demand for flower in its various markets; the Company’s ability to dispose of its assets held for sale at an acceptable price or at all; and risk factors set out in the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, which are available on EDGAR with the U.S. Securities and Exchange Commission at www.sec.gov and filed with the Canadian securities regulators and available under the Company’s profile on SEDAR+ at www.sedarplus.com.

The statements in this press release are made as of the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking statements or forward-looking information to reflect events or circumstances after the date of such statements.

For Vireo, contact:

Lynn Ricci
Director Investor Relations & Corporate Communications
investor@vireogrowth.com
781-956-7052

OKOTOKS, Alberta, Nov. 02, 2026 (GLOBE NEWSWIRE) — (TSX: MTL) Mullen Group Ltd. (“Mullen Group“, “We“, “Our” and/or the “Corporation“), one of North America’s largest logistics providers, is pleased to announce the closing of the acquisition of Willson International Limited and its related entities (collectively, “Willson“), a leading provider of customs brokerage and trade compliance services in Canada and the United States. The acquisition was funded from Mullen Group’s existing cash resources.

About Willson International Limited

Willson International Limited is a leading North American customs brokerage and trade compliance company with operations in both Canada and the United States, helping importers and exporters navigate customs clearance, regulatory requirements, and cross-border trade. The company provides customs brokerage, customs clearance, compliance documentation and related trade advisory services that are essential to the efficient movement of goods across international borders. Additional information is available on the company website – www.willsonintl.com

About Mullen Group Ltd.

Mullen Group is a public company with a long history of acquiring companies in the transportation and logistics industries. Today, we have one of the largest portfolios of logistics companies in North America, providing a wide range of transportation, customs brokerage, warehousing, and distribution services through a network of independently operated businesses. Service offerings include less-than-truckload, truckload, warehousing, logistics, transload, oversized, third-party logistics, customs brokerage, and specialized hauling transportation. In addition, our businesses provide a diverse set of specialized services related to the energy, mining, forestry and construction industries in western Canada, including water management, fluid hauling and environmental reclamation. The corporate office provides the capital and financial expertise, legal support, technology and systems support, shared services and strategic planning to its independent businesses.

Mullen Group is listed on the Toronto Stock Exchange under the symbol “MTL“. Additional information is available on our website at www.mullen-group.com or on the Corporation’s issuer profile on SEDAR+ at www.sedarplus.ca.

Contact Information

Mr. Murray Mullen – Chair and Senior Executive Officer
Mr. Richard Maloney – President and Senior Operating Officer
Mr. Carson Urlacher – Senior Financial Officer
Ms. Joanna Scott – Senior Corporate Officer
Mr. Lee Hellyer – Senior Commercial Officer

121A – 31 Southridge Drive
Okotoks, Alberta, Canada T1S 2N3
Telephone: 403-995-5200
Fax: 403-995-5296

Forward-Looking Information
Mullen Group may make statements in this news release that reflect its current beliefs and assumptions and are based information currently available to it and contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable securities laws. This news release may contain forward-looking statements that are subject to risk factors associated with the overall economy and the oil and natural gas business. These forward-looking statements relate to future events and Mullen Group’s future performance. All forward looking statements and information contained herein that are not clearly historical in nature constitute forward-looking statements, and the words “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “propose”, “predict”, “potential”, “continue”, “aim”, or the negative of these terms or other comparable terminology are generally intended to identify forward-looking statements. Such forward-looking statements represent Mullen Group’s internal projections, estimates, expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. These forward-looking statements involve known or unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Mullen Group believes that the expectations reflected in these forward-looking statements are reasonable; however, undue reliance should not be placed on these forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. The forward-looking statements contained in this news release is expressly qualified by this cautionary statement. The forward-looking statements contained herein is made as of the date of this news release and Mullen Group disclaims any intent or obligation to update publicly any such forward-looking statements, whether as a result of new information, future events or results or otherwise, other than as required by applicable Canadian securities laws. Mullen Group relies on litigation protection for forward-looking statements.

CALGARY, Alberta, Nov. 02, 2026 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to confirm that its Board of Directors has declared a monthly dividend in the amount of $0.01 per share payable November 27, 2026, to shareholders of record on November 16, 2026. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Dividend Reinvestment Plan (“DRIP”)
Petrus’ DRIP enables eligible shareholders to reinvest all or part of their cash dividends into additional common shares of the Company. Participation in the DRIP is optional. Eligible shareholders who elect to reinvest their cash dividends under the DRIP will receive common shares issued from treasury at a discount of 3% from the market price of the common shares.

To participate in the DRIP, registered shareholders must deliver a properly completed enrollment form to Odyssey Trust Company (“Odyssey”) before 4:00 p.m. (Calgary time) on the 5th business day immediately preceding a dividend record date. Beneficial shareholders who wish to participate in the DRIP should contact their broker or other nominee through which their Common Shares are held to determine their eligibility and provide appropriate enrollment instructions. Participation by shareholders that are not resident in Canada may be restricted.

A complete copy of the DRIP is available on the Company’s website at www.petrusresources.com and on Odyssey’s website at https://odysseytrust.com/faq/. A copy of the enrollment form for use by registered shareholders is available on Odyssey’s website at https://odysseytrust.com/faq/. For further information regarding the DRIP, please contact Odyssey at 1-888-290-1175 (Toll free in North America) or 1-587-885-0960.

ABOUT PETRUS
Petrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta.

FOR FURTHER INFORMATION PLEASE CONTACT:
Ken Gray
President and Chief Executive Officer
T: 403-930-0889
E: kgray@petrusresources.com

(all amounts in US dollars, unless otherwise noted)

VANCOUVER, British Columbia, Nov. 02, 2026 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce its operating and financial results for the three and nine months ended September 30, 2026. Management will host a conference call tomorrow, Tuesday, November 3, 2026, at 10:30 a.m. Eastern time to discuss the results. Dial-in details for the call can be found near the end of this press release.

HIGHLIGHTS

• Consolidated quarterly copper production totaled 18,345 tonnes in concentrate, up 6% sequentially, at C1 cash costs⁽¹⁾ of $2.51 per pound produced.
• Gold from the Xavantina Operations totaled 25,258 ounces, up 23% from the previous quarter on increased ounces recovered from historic gold concentrate stockpiles.
  • Gold recovered from historic concentrate stockpiles increased 47% to a record of 17,414 ounces at C1 cash costs⁽¹⁾ and AISC⁽¹⁾ of $621 and $710 per ounce, respectively.
  • Mined gold production totaled 7,844 ounces at C1 cash costs⁽¹⁾ and AISC⁽¹⁾ of $1,892 and $3,607 per ounce, respectively.
• Record financial metrics, including cash flow from operations, adjusted EBITDA⁽¹⁾ and net income, supported by strong operating performance, higher copper and gold sales volumes, and favorable metal prices.
  • Cash flow from operations was $191.2 million, up 39% quarter-on-quarter.
  • Adjusted EBITDA⁽¹⁾ was $200.6 million, also up 39% quarter-on-quarter.
  • Net income attributable to the owners of the Company was $116.2 million, or $1.10 per diluted share, representing a 30% quarter-on-quarter increase.
  • Adjusted net income attributable to the owners of the Company⁽¹⁾ increased 48% quarter-on-quarter to $129.3 million, or $1.22 per diluted share.
• Reduced net debt⁽¹⁾ by approximately $100 million during the quarter and nearly $200 million since the beginning of 2025 to $353.5 million. Accelerated deleveraging was supported by the Company’s strong cash flow generation, with approximately 97% of every dollar of cash available for deleveraging⁽²⁾ applied toward debt reduction year-to-date. The Company’s net debt leverage ratio improved to 0.5x at quarter-end from 1.2x at December 31, 2025.⁽³⁾
• Available liquidity⁽¹⁾ increased by $82.3 million quarter-on-quarter to $264.1 million, including $114.1 million in cash and cash equivalents and $150.0 million of undrawn availability under the Company’s senior secured revolving credit facility.
• The Company’s foreign exchange hedge program generated realized gains of $10.4 million in Q3 and $30.3 million year-to-date, offsetting the cash impact of the stronger BRL. These gains are recognized separately and are not reflected in the Company’s reported unit operating costs. Allocating the year-to-date realized gains across the Company’s operations on a pro rata basis would equate to estimated reductions of approximately $0.15 per pound on full-year consolidated copper C1 cash costs⁽¹⁾ and approximately $50 per ounce on Xavantina’s full-year C1 cash costs⁽¹⁾ and AISC⁽¹⁾.
• Reaffirming consolidated copper production and updating consolidated copper cost guidance as well as Xavantina production and cost guidance to reflect year-to-date performance and Q4 historic gold concentrate sales outlook.
  • Consolidated copper production guidance remains unchanged at 67,500 to 77,500 tonnes, with Q4 expected to be the strongest production quarter of the year at both copper operations.
  • Consolidated copper C1 cash cost⁽¹⁾ guidance has been updated to $2.25 to $2.45 per pound produced, reflecting inflationary pressures associated with the ongoing U.S.-Iran conflict and a stronger BRL. Allocating year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would reduce full-year C1 cash costs⁽¹⁾ by approximately $0.15 per pound to $2.10 to $2.30 per pound, in line with the Company’s original 2026 guidance.
  • Total gold from Xavantina is expected to be 75,000 to 80,000 ounces, comprising approximately 45,000 ounces recovered from historic concentrate stockpiles and 30,000 to 35,000 ounces of mined production. Q4 mined production is expected to benefit from higher mining rates and grades following the acceleration of underground development during Q3.
  • Xavantina C1 cash cost⁽¹⁾ and AISC⁽¹⁾ guidance for mined gold production has been updated to $1,650 to $1,800 per ounce and $3,300 to $3,600 per ounce, respectively. Allocating year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would reduce these ranges by approximately $50 per ounce to $1,600 to $1,750 and $3,250 to $3,550 per ounce, respectively.
  • Capital expenditure guidance remains unchanged at $285 to $330 million.
• The Company continued to advance the Furnas Copper-Gold Project (“Furnas” or the “Project”), completing the Phase 3 drill program in Q3 2026, more than two years ahead of schedule.
  • Completion of the 45,000-meter Phase 3 drill program satisfies the exploration component of the Furnas earn-in agreement with Vale Base Metals.
  • The Company continues to advance key technical workstreams, including permitting, hydrogeological studies, environmental studies, and confirmatory metallurgical testwork in support of a Pre-Feasibility Study expected to be published in 2027.

“Ero delivered record financial results in Q3. Significant free cash flow generation enabled us to accelerate our pace of deleveraging – one of the core commitments we have made to our shareholders. Results were supported by continued growth in copper and gold sales volumes, cost savings from our OneEro initiative, and our foreign exchange hedge strategy designed to protect cash operating margins,” said Makko DeFilippo, President & Chief Executive Officer.

“Our operating performance continued to strengthen during the quarter as optimization initiatives launched in 2025 and advanced further in 2026 translated into sustainable improvements across the business. Caraíba and Tucumã delivered sequential throughput gains of 8% and 14%, respectively, and our operations remain on track to deliver record consolidated copper production in 2026. At Tucumã, the tailings filtration expansion remains on track for completion by year-end. At Xavantina, increased recovery of gold from historic concentrate stockpiles supported higher quarterly gold sales, while mine operations achieved record underground development, which we expect will translate to higher sustained mining rates and additional flexibility in the coming quarters.

“We are pleased with the progress across our operations, our continued commitment to deleveraging and the significant progress we have made throughout our growth initiatives this year, including the completion of all drilling requirements at Furnas more than 2 years ahead of schedule.”

(1)	These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2026 and the Reconciliation of Non-IFRS Measures section at the end of this press release.
(2)	Cash available for deleveraging, on a year-to-date basis, represents cash flow from operations of $421.9 million, less capital expenditures of $222.3 million ($203.1 million for additions to mineral properties, plant and equipment and $19.2 million for additions to exploration and evaluation assets) and interest, lease, and finance payments of $63.2 million ($36.7 million for interest paid on loans and borrowings, $16.4 million for lease liability payments and $10.1 million for other finance expenses paid). Of the resulting $136.4 million of cash available for deleveraging, $132.0 million was applied to debt principal repayments, equivalent to approximately $0.97 of every $1.00 available.
(3)	The Company’s net debt leverage ratio as of September 30, 2026 was 0.5x, based on net debt of $353.5 million and trailing 12-month adjusted EBITDA of $656.6 million. By comparison, the ratio as of December 31, 2025 was 1.2x, based on net debt of $501.7 million and trailing 12-month adjusted EBITDA of $409.7 million.

THIRD QUARTER REVIEW

The Caraíba Operations

• The Caraíba Operations produced 9,387 tonnes of copper in concentrate during the period at C1 cash costs⁽¹⁾ of $2.89 per pound produced.
• Production increased by approximately 12% quarter-on-quarter driven by higher plant throughput with modestly higher processed grades and recoveries. C1 cash costs⁽¹⁾ were impacted by higher waste stripping costs at Surubim, increased diesel and maintenance costs, and the continued strength of the BRL.

The Tucumã Operation

• The Tucumã Operation produced 8,958 tonnes of copper in concentrate during the quarter at C1 cash costs⁽¹⁾ of $2.12 per pound produced.
• Production was in line with the prior quarter, as improved plant throughput offset lower grades and recoveries. C1 cash costs⁽¹⁾ were also in line with the prior period, with initial OneEro cost savings offsetting the impact of inflationary pressures on input costs and the continued strength of the BRL.
• The Company remains on schedule to install and commission modular tailings filters in Q4, providing additional capacity to Tucumã’s tailings filtration circuit. The incremental filtration capacity and associated plant throughput benefits are expected to support future production plans and have not been reflected in 2026 operational guidance.

The Xavantina Operations

• Gold produced and recovered at the Xavantina Operations increased 23% quarter-on-quarter to 25,258 ounces, supported by increased ounces recovered from historic gold concentrate stockpiles.
  • Gold recovered from historic concentrate stockpiles increased 47% quarter-on-quarter to 17,414 ounces at C1 cash costs⁽¹⁾ and AISC⁽¹⁾ of $621 and $710 per ounce, respectively. Operations benefited from drier seasonal conditions and additional drying infrastructure installed in late Q2.
  • Mine production was 7,844 ounces at C1 cash costs⁽¹⁾ and AISC⁽¹⁾ of $1,892 and $3,607 per ounce, respectively. Higher throughput was offset by lower processed grades, as mine operations focused on accelerating underground development during the quarter, limiting access to higher-grade stopes.
• Gold sales also increased approximately 47% quarter-on-quarter to 24,957 ounces, comprising 4,949 ounces of gold doré and 20,008 ounces of gold in concentrate, including contributions from Xavantina’s historic gold concentrates.

(1)

These are non-IFRS measures and do not have a standardized meaning prescribed by IFRS and might not be comparable to similar financial measures disclosed by other issuers. Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2026 and the Reconciliation of Non-IFRS Measures section at the end of this press release.

OPERATING HIGHLIGHTS
		2026 – Q3			2026 – Q2			2025 – Q3			2026 – YTD			2025 – YTD
Copper (Caraíba Operations)
Ore Mined (tonnes)			1,142,352			1,098,614			1,018,972			3,226,543			2,507,975
Ore Processed (tonnes)			1,161,102			1,074,182			996,661			3,307,493			2,481,508
Grade (% Cu)			0.90			0.87			1.01			0.90			1.14
Recovery (%)			89.4			89.0			90.4			88.9			90.6
Cu Production (tonnes)			9,387			8,351			9,085			26,564			25,604
Cu Production (000 lbs)			20,694			18,411			20,030			58,564			56,448
Cu Sold in Concentrate (tonnes)			9,537			7,926			9,080			26,668			25,416
Cu Sold in Concentrate (000 lbs)			21,026			17,474			20,017			58,793			56,031
Cu C1 cash cost(1)		$	2.89		$	2.76		$	2.32		$	2.81		$	2.20
Copper (Tucumã Operation)
Ore Mined (tonnes)			1,224,488			590,600			1,333,748			2,271,772			2,460,850
Ore Processed (tonnes)			814,137			715,415			575,041			2,093,269			1,288,054
Grade (% Cu)			1.30			1.44			1.51			1.44			1.74
Recovery (%)			85.0			88.2			89.2			87.1			88.0
Cu Production (tonnes)			8,958			8,964			7,579			26,383			18,997
Cu Production (000 lbs)			19,749			19,763			16,707			58,164			41,880
Cu Sold in Concentrate (tonnes)			8,638			8,581			6,622			25,970			17,758
Cu Sold in Concentrate (000 lbs)			19,044			18,918			14,598			57,254			39,149
Cu C1 cash cost(1)(2)		$	2.12		$	2.10		$	1.62		$	2.07		$	1.62
Gold (Xavantina Operations)
Ore Mined (tonnes)			56,527			49,484			50,268			138,831			121,325
Ore Processed (tonnes)			55,478			48,564			47,865			141,170			118,922
Grade (g / tonne)			4.90			6.20			8.15			5.55			7.46
Recovery (%)			89.7			89.8			78.4			87.5			84.7
Au Production (oz)			7,844			8,693			9,073			22,032			23,454
Historic Au Concentrate Recovered (oz)			17,414			11,860			—			31,386			—
Au Sold in Doré (oz)			4,949			6,663			8,439			17,631			22,549
Au Sold in Concentrate (oz)(3)			20,008			10,353			—			34,672			—
Au Production C1 cash cost(1)		$	1,892		$	1,586		$	1,086		$	1,828		$	1,100
Au Production AISC(1)		$	3,607		$	2,881		$	2,425		$	3,528		$	2,307
Historic Au Concentrate C1 cash cost(1)		$	621		$	633			—		$	645			—
Historic Au Concentrate AISC(1)		$	710		$	715			—		$	733			—

(1)	Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2026 and the Reconciliation of Non-IFRS Measures section at the end of this press release.
(2)	The Company declared commercial production at the Tucumã Operation effective July 1, 2025. As such, copper C1 cash costs for the Tucumã Operation reflect costs from Q3 2025 onward only.
(3)	Gold sold in concentrate includes gold ounces produced in flotation and the historic gold concentrate stockpile.

FINANCIAL HIGHLIGHTS
($ in millions, except per share amounts)
		2026 – Q3			2026 – Q2			2025 – Q3				2026 – YTD			2025 – YTD
Revenues		$	348.0		$	284.3		$	177.1			$	895.5		$	465.7
Gross profit			169.6			121.4			57.4				396.9			180.2
EBITDA(1)			195.8			159.8			90.8				531.0			322.8
Adjusted EBITDA(1)			200.6			144.0			77.1				469.8			223.0
Cash flow from operations			191.2			137.9			110.3				421.9			266.0
Net income			118.0			90.7			36.5				318.0			188.2
Net income attributable to owners of the Company			116.2			89.5			36.0				314.6			186.8
Per share (basic)			1.11			0.86			0.35				3.02			1.80
Per share (diluted)			1.10			0.85			0.35				2.97			1.80
Adjusted net income attributable to owners of the Company(1)			129.3			87.4			27.9				289.1			111.9
Per share (basic)			1.24			0.84			0.27				2.77			1.08
Per share (diluted)			1.22			0.83			0.27				2.73			1.08
Cash, cash equivalents, and short-term investments			114.1			101.7			66.3				114.1			66.3
Working capital (deficit)(1)			89.4			87.7			(45.2	)			89.4			(45.2	)
Available liquidity(1)			264.1			181.7			111.3				264.1			111.3
Net debt(1)			353.5			452.7			545.5				353.5			545.5

(1)	Please refer to the Company’s discussion of Non-IFRS measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2026 and the Reconciliation of Non-IFRS Measures section at the end of this press release.

2026 GUIDANCE

Consolidated copper production guidance remains unchanged at 67,500 to 77,500 tonnes, with Q4 expected to be the strongest production quarter of the year at both copper operations. At the Caraíba Operations, Q4 copper production is expected to benefit from higher mined and processed copper grades. At the Tucumã Operation, higher plant throughput and improved recoveries are expected to offset lower planned copper grades.

Full-year consolidated copper C1 cash cost⁽¹⁾ guidance has been updated to $2.25 to $2.45 per pound produced, reflecting the impact of continued strength in the BRL, inflationary pressures arising from the ongoing U.S.-Iran conflict, and delayed access to the higher-grade pit bottom of Surubim at the Caraíba Operations during the third quarter. Unit costs are expected to decline in Q4 at both of the copper operations driven by increased production.

The cash impact of the stronger BRL has been offset by year-to-date realized gains of $30.3 million from the Company’s foreign exchange hedge program. Allocating the year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would translate to an estimated reduction of approximately $0.15 per pound on full-year consolidated copper C1 cash costs⁽¹⁾, equating to $2.10 to $2.30 per pound produced, generally in line with the Company’s original 2026 guidance.

Gold from Xavantina is expected to total 75,000 to 80,000 ounces in 2026, including 30,000 to 35,000 ounces of mined production and approximately 45,000 ounces recovered from historic gold concentrate stockpiles. Mined gold production guidance has been revised to reflect extended downtime in H1 related to the installation of key ventilation and cooling infrastructure and lower mined and processed grades in Q3. Mined production is expected to increase in Q4, supported by higher mining rates and grades following the acceleration of underground development during Q3. As a result, gold C1 cash cost⁽¹⁾ and AISC⁽¹⁾ guidance has been updated to $1,650 to $1,800 per ounce and $3,300 to $3,600 per ounce, respectively. Allocating the year-to-date realized foreign exchange hedge gains across the Company’s operations on a pro rata basis would translate to an estimated reduction of approximately $50 per ounce on Xavantina’s full-year C1 cash costs⁽¹⁾ and AISC⁽¹⁾ equating to $1,600 to $1,750 and $3,250 to $3,550 per ounce, respectively.

Gold recovered from historic concentrate stockpiles is expected to total approximately 45,000 ounces, including over 31,000 ounces recovered through the end of Q3 and approximately 15,000 ounces projected for Q4. The Q4 shipment outlook includes more than 6,000 ounces invoiced in October and approximately 9,000 ounces contained in concentrate at site undergoing drying prior to shipment.

Total capital expenditure guidance is maintained in the range of $285 to $330 million.

2026 Production and Cost Guidance
		Previous Guidance		Current Guidance		Current Guidance with YTD $30M FX Gain Applied(1)
Consolidated Copper Production (tonnes)
Caraíba Operations		35,000 – 40,000		35,000 – 40,000		35,000 – 40,000
Tucumã Operation		32,500 – 37,500		32,500 – 37,500		32,500 – 37,500
Total Copper		67,500 – 77,500		67,500 – 77,500		67,500 – 77,500
Consolidated Copper C1 Cash Costs ($/lb)(2)
Caraíba Operations		$2.30 – $2.50		$2.55 – $2.75		$2.35 – $2.55
Tucumã Operation		$1.95 – $2.15		$1.95 – $2.15		$1.85 – $2.05
Consolidated Copper Operations		$2.15 – $2.35		$2.25 – $2.45		$2.10 – $2.30
The Xavantina Operations (oz)
Mined Au Production		40,000 – 50,000		30,000 – 35,000		30,000 – 35,000
Au Recovered from Historic Stockpiles		—		Approx. 45,000		Approx. 45,000
Total Gold		40,000 – 50,000		75,000 – 80,000		75,000 – 80,000
Mined Gold Production Costs ($/oz)
C1 Cash Cost(2)		$1,100 – $1,350		$1,650 – $1,800		$1,600 – $1,750
AISC(2)		$2,200 – $2,700		$3,300 – $3,600		$3,250 – $3,550

Note: Guidance is based on estimates and assumptions including, but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations and metallurgical recovery performance. Please refer to the Company’s SEDAR+ and EDGAR filings, including the most recent Annual Information Form (“AIF”), for a detailed summary of risk factors.
(1)	Assumes $30.3 million realized gains through the end of Q3 from the Company’s foreign exchange hedge program, allocated to the operations for the purposes of calculating C1 cash costs as follows: 55% ($16.7 million) to Caraíba, 30% ($9.1 million) to Tucumã, and 15% ($4.6 million) to Xavantina, amounts may not sum due to rounding.
(2)	Please refer to the section titled “Reconciliation of Non-IFRS Measures” within this Press Release.

2026 Capital Expenditure Guidance
Figures presented in the table below are in USD millions.
		Current Guidance
Caraíba Operations		$170 – $185
Tucumã Operation		$35 – $45
Xavantina Operations		$50 – $60
Furnas Copper-Gold Project, Other Exploration & Corporate		$30 – $40
Total		$285 – $330

Note: Guidance is based on certain estimates and assumptions, including but not limited to, mineral reserve estimates, grade and continuity of interpreted geological formations and metallurgical performance. Please refer to the Company’s most recent AIF and Management of Risks and Uncertainties in the MD&A for complete risk factors.

CONFERENCE CALL DETAILS

The Company will hold a conference call on Tuesday, November 3, 2026 at 10:30 a.m. Eastern Time to discuss these results. A results presentation will be available for download via the webcast link and in the Presentations section of the Company’s website on the day of the conference call.

Date:	Tuesday, November 3, 2026
Time:	10:30 a.m. Eastern Time
Dial in:	Canada/USA Toll Free: 1-833-752-3380 International: +1-647-846-2821 Please dial in 5-10 minutes prior to the start of the call or pre-register using this link to bypass the live operator queue. (https://dpregister.com/sreg/10212017/104e507c7ef)
Webcast:	To access the webcast, click here. (https://event.choruscall.com/mediaframe/webcast.html?webcastid=aGktY9cu)
Replay:	Canada/USA: 1-855-669-9658, International: +1-412-317-0088 For country-specific dial-in numbers, click here. (https://services.choruscall.com/ccforms/replay.html)
Replay Passcode:	1109122

Reconciliation of Non-IFRS Measures

Financial results of the Company are presented in accordance with IFRS. The Company utilizes certain alternative performance (non-IFRS) measures to monitor its performance, including copper C1 cash cost, gold C1 cash cost, gold AISC, EBITDA, adjusted EBITDA, adjusted net income attributable to owners of the Company, adjusted net income per share, net (cash) debt, working capital and available liquidity. These performance measures have no standardized meaning prescribed within generally accepted accounting principles under IFRS and, therefore, amounts presented may not be comparable to similar measures presented by other mining companies. These non-IFRS measures are intended to provide supplemental information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

For additional details, please refer to the Company’s discussion of non-IFRS and other performance measures in its Management’s Discussion and Analysis for the three and nine months ended September 30, 2026 which is available on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov.

Copper C1 cash cost

The following table provides a reconciliation of copper C1 cash cost to cost of production, its most directly comparable IFRS measure. Amounts in US$ thousands, except per-pound amounts and where otherwise indicated.

The Caraíba Operations
Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Cost of production		$	65,552			$	59,098			$	50,261			$	187,002			$	132,870
Add (less):
Transportation costs & other			4,079				2,895				1,731				9,870				4,845
Treatment, refining, and other			610				(5,225	)			2,508				(2,451	)			7,258
By-product credits			(8,726	)			(8,045	)			(6,693	)			(26,848	)			(17,597	)
Incentive payments			(1,607	)			(1,700	)			(1,425	)			(4,841	)			(4,171	)
Net change in inventory			(71	)			3,647				199				2,093				1,247
Foreign exchange and other			(60	)			106				(46	)			(41	)			(177	)
C1 cash costs		$	59,777			$	50,776			$	46,535			$	164,784			$	124,275

Mining		$	46,594			$	42,510			$	33,943			$	131,515			$	91,181
Processing			9,098				9,986				8,222				28,186				21,123
Indirect			8,122				8,655				6,824				24,512				17,465
Production costs			63,814				61,151				48,989				184,213				129,769
By-product credits			(8,726	)			(8,045	)			(6,693	)			(26,848	)			(17,597	)
Treatment, refining and other			4,689				(2,330	)			4,239				7,419				12,103
C1 cash costs		$	59,777			$	50,776			$	46,535			$	164,784			$	124,275

		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Costs per pound
Total copper produced (lbs, 000)			20,694				18,411				20,030				58,564				56,448
Mining		$	2.25			$	2.31			$	1.69			$	2.25			$	1.62
Processing		$	0.44			$	0.54			$	0.41			$	0.48			$	0.37
Indirect		$	0.39			$	0.47			$	0.34			$	0.42			$	0.31
By-product credits		$	(0.42	)		$	(0.44	)		$	(0.33	)		$	(0.46	)		$	(0.31	)
Treatment, refining and other		$	0.23			$	(0.12	)		$	0.21			$	0.12			$	0.21
Copper C1 cash costs		$	2.89			$	2.76			$	2.32			$	2.81			$	2.20

The Tucumã Operation
Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Cost of production		$	33,646			$	31,632			$	18,308			$	95,016			$	35,504
Add (less):
Transportation costs & other			8,191				9,393				4,880				23,975				4,880
Treatment, refining, and other			163				378				1,486				3,012				1,486
By-product credits			(566	)			(425	)			—				(1,692	)			—
Incentive payments			(552	)			(480	)			(401	)			(1,578	)			(401	)
Net change in inventory			981				1,021				2,783				1,446				2,783
Pre-commercial cost of production			—				—				—				—				(17,196	)
Foreign exchange and other			(6	)			4				—				(6	)			—
C1 cash costs		$	41,857			$	41,523			$	27,056			$	120,173			$	27,056

Mining		$	10,943			$	8,963			$	4,552		$	26,444			$	4,552
Processing			18,649				18,566				12,455			55,191				12,455
Indirect			4,477				4,648				3,698			13,243				3,698
Production costs			34,069				32,177				20,705			94,878				20,705
By-product credits			(566	)			(425	)			—			(1,692	)			—
Treatment, refining and other			8,354				9,771				6,351			26,987				6,351
C1 cash costs		$	41,857			$	41,523			$	27,056		$	120,173			$	27,056

		2026 – Q3				2026 – Q2				2025 – Q3			2026 – YTD				2025 – YTD
Costs per pound
Total copper produced (lbs, 000)			19,749				19,763				16,707			58,164				16,707
Mining		$	0.55			$	0.45			$	0.27		$	0.45			$	0.27
Processing		$	0.94			$	0.94			$	0.75		$	0.95			$	0.75
Indirect		$	0.23			$	0.24			$	0.22		$	0.23			$	0.22
By-product credits		$	(0.03	)		$	(0.02	)		$	—		$	(0.03	)		$	—
Treatment, refining and other		$	0.43			$	0.49			$	0.38		$	0.47			$	0.38
Copper C1 cash costs		$	2.12			$	2.10			$	1.62		$	2.07			$	1.62

Gold Production C1 cash cost and gold AISC

The following table provides a reconciliation of gold C1 cash cost and gold AISC to cost of production, its most directly comparable IFRS measure. Amounts in US$ thousands, except per-ounce amounts or where otherwise indicated.

Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Cost of production		$	16,684			$	16,618			$	10,032			$	47,179			$	25,018
Less: Gold concentrate re-handling costs			(3,793	)			(3,682	)			—				(9,116	)			—
Cost of mine production		$	12,891			$	12,936			$	10,032			$	38,063			$	25,018
Add (less):
Incentive payments			(482	)			(427	)			(364	)			(1,229	)			(842	)
Net change in inventory			996				357				191				546				1,593
By-product credits			(146	)			(284	)			(208	)			(619	)			(478	)
Smelting, refining and selling expenses			1,587				1,167				217				3,523				540
Foreign exchange and other			(8	)			40				(12	)			(6	)			(41	)
Gold production C1 cash costs		$	14,838			$	13,789			$	9,856			$	40,278			$	25,790
Site general and administrative			1,860				1,647				1,602				4,916				3,954
Accretion of mine closure and rehabilitation provision			149				152				151				446				437
Sustaining capital expenditure			8,046				5,867				7,307				22,049				15,651
Sustaining lease payments			2,958				3,077				2,524				8,657				6,858
Royalties and production taxes			436				516				566				1,386				1,415
Gold production AISC		$	28,287			$	25,048			$	22,006			$	77,732			$	54,105

		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Costs
Mining		$	7,156			$	6,894			$	4,871			$	19,870			$	13,183
Processing			3,515				3,414				2,787				9,869				7,465
Indirect			2,726				2,598				2,189				7,635				5,080
Production costs			13,397				12,906				9,847				37,374				25,728
Treatment, refining and other			1,587				1,167				217				3,523				540
By-product credits			(146	)			(284	)			(208	)			(619	)			(478	)
Gold production C1 cash costs		$	14,838			$	13,789			$	9,856			$	40,278			$	25,790
Site general and administrative			1,860				1,647				1,602				4,916				3,954
Accretion of mine closure and rehabilitation provision			149				152				151				446				437
Sustaining capital expenditure			8,046				5,867				7,307				22,049				15,651
Sustaining lease payments			2,958				3,077				2,524				8,657				6,858
Royalties and production taxes			436				516				566				1,386				1,415
Gold production AISC		$	28,287			$	25,048			$	22,006			$	77,732			$	54,105
Costs per ounce
Total gold produced (ounces)			7,844				8,693				9,073				22,032				23,454
Mining		$	912			$	793			$	537			$	902			$	562
Processing		$	448			$	393			$	307			$	448			$	318
Indirect		$	349			$	299			$	241			$	346			$	216
Treatment, refining and other		$	202			$	134			$	24			$	160			$	23
By-product credits		$	(19	)		$	(33	)		$	(23	)		$	(28	)		$	(19	)
Gold production C1 cash cost		$	1,892			$	1,586			$	1,086			$	1,828			$	1,100
Gold production AISC		$	3,607			$	2,881			$	2,425			$	3,528			$	2,307

Historic Gold Concentrate C1 cash cost and gold AISC

The following table provides a reconciliation of historic gold concentrate C1 cash cost and historic gold concentrate AISC to cost of production, its most directly comparable IFRS measure.

Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Cost of production		$	16,684			$	16,618			$	10,032			$	47,179			$	25,018
less: Cost of mine production			(12,891	)			(12,936	)			(10,032	)			(38,063	)			(25,018	)
Gold concentrate re-handling costs		$	3,793			$	3,682			$	—			$	9,116			$	—
Add (less):
Net change in inventory			207				(11	)			—				(132	)			—
By-product credits			(1,374	)			(974	)			—				(2,482	)			—
Smelting, refining and selling expenses			8,184				4,811				—				13,749				—
Historic gold concentrate C1 cash costs		$	10,810			$	7,508			$	—			$	20,251			$	—
Royalties and production taxes			1,556				967				—				2,769				—
Historic gold concentrate AISC		$	12,366			$	8,475			$	—			$	23,020			$	—

		2026 – Q3				2026 – Q2				2025 – Q3			2026 – YTD				2025 – YTD
Costs
Gold concentrate re-handling costs			4,000				3,671				—			8,984				—
Smelting, refining and selling costs			8,184				4,811				—			13,749				—
By-product credits			(1,374	)			(974	)			—			(2,482	)			—
Historic gold concentrate C1 cash costs		$	10,810			$	7,508			$	—		$	20,251			$	—
Royalties and production taxes			1,556				967				—			2,769				—
Historic gold concentrate AISC		$	12,366			$	8,475			$	—		$	23,020			$	—
Costs per ounce
Historic gold concentrate recovered (ounces)			17,414				11,860				—			31,386				—
Gold concentrate re-handling costs		$	230			$	310			$	—		$	286			$	—
Smelting, refining and selling costs		$	470			$	406			$	—		$	438			$	—
By-product credits		$	(79	)		$	(82	)		$	—		$	(79	)		$	—
Historic gold concentrate C1 cash costs		$	621			$	633			$	—		$	645			$	—
Historic gold concentrate AISC		$	710			$	715			$	—		$	733			$	—

Earnings before interest, taxes, depreciation and amortization (EBITDA) and Adjusted EBITDA

The following table provides a reconciliation of EBITDA and Adjusted EBITDA to net income, its most directly comparable IFRS measure. Amounts in US$ thousands.

Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Net Income		$	117,954			$	90,749			$	36,513			$	318,014			$	188,168
Adjustments:
Finance expense			9,952				12,678				11,331				33,694				22,030
Finance income			(825	)			(1,443	)			(1,208	)			(3,389	)			(3,176	)
Income tax expense			25,564				19,321				12,774				62,770				40,597
Amortization and depreciation			43,117				38,514				31,369				119,950				75,204
EBITDA		$	195,762			$	159,819			$	90,779			$	531,039			$	322,823
Foreign exchange gain			(5,077	)			(10,845	)			(22,055	)			(69,577	)			(119,095	)
Share-based compensation			7,458				1,063				6,742				11,161				15,671
Unrealized loss (gain) on commodity derivatives			2,462				(6,014	)			1,627				(2,801	)			3,093
Others			—				—				—				—				458
Adjusted EBITDA		$	200,605			$	144,023			$	77,093			$	469,822			$	222,950

Adjusted net income attributable to owners of the Company and Adjusted net income per share attributable to owners of the Company

The following table provides a reconciliation of Adjusted net income attributable to owners of the Company and Adjusted EPS to net income attributable to the owners of the Company, its most directly comparable IFRS measure.

Reconciliation:		2026 – Q3				2026 – Q2				2025 – Q3				2026 – YTD				2025 – YTD
Net income as reported attributable to the owners of the Company		$	116,237			$	89,543			$	35,978			$	314,551			$	186,753
Adjustments:
Share-based compensation			7,458				1,063				6,742				11,161				15,671
Unrealized foreign exchange loss (gain) on USD denominated balances in MCSA			1,063				(3,267	)			(15,057	)			(32,464	)			(82,889	)
Unrealized foreign exchange loss (gain) on foreign exchange derivative contracts			3,042				5,363				(3,964	)			(8,059	)			(27,309	)
Unrealized loss (gain) on commodity derivatives			2,452				(5,870	)			1,574				(2,685	)			3,020
Others			—				—				—				—				458
Tax effect on the above adjustments			(1,000	)			575				2,661				6,589				16,221
Adjusted net income attributable to owners of the Company		$	129,252			$	87,407			$	27,934			$	289,093			$	111,925
Weighted average number of common shares
Basic			104,351,583				104,282,548				103,621,631				104,299,083				103,589,664
Diluted			105,977,099				105,876,946				104,044,755				105,903,492				103,941,295
Adjusted EPS
Basic		$	1.24			$	0.84			$	0.27			$	2.77			$	1.08
Diluted		$	1.22			$	0.83			$	0.27			$	2.73			$	1.08

Net Debt (Cash)

The following table provides a calculation of net debt (cash) based on amounts presented in the Company’s condensed consolidated interim financial statements as at the periods presented.

		September 30, 2026				June 30, 2026				December 31, 2025				September 30, 2025
Current portion of loans and borrowings		$	17,966			$	34,578			$	55,711			$	50,590
Long-term portion of loans and borrowings			449,548				519,856				551,403				561,146
Less:
Cash and cash equivalents			(114,053	)			(101,742	)			(105,442	)			(66,257	)
Net debt (cash)		$	353,461			$	452,692			$	501,672			$	545,479

Working Capital and Available Liquidity

The following table provides a calculation for these based on amounts presented in the Company’s condensed consolidated interim financial statements as at the periods presented.

		September 30, 2026				June 30, 2026				December 31, 2025				September 30, 2025
Current assets		$	325,162			$	324,000			$	276,212			$	207,413
Less: Current liabilities			(235,774	)			(236,345	)			(260,718	)			(252,579	)
Working capital (deficit)		$	89,388			$	87,655			$	15,494			$	(45,166	)
Cash and cash equivalents			114,053				101,742				105,442				66,257
Available undrawn revolving credit facilities			150,000				80,000				45,000				45,000
Available liquidity		$	264,053			$	181,742			$	150,442			$	111,257

ABOUT ERO

Ero is a Brazil-focused, growth-oriented mining company with a diversified portfolio of copper and gold assets. Headquartered in Vancouver, B.C., the Company operates two copper mines – the Caraíba Operations in Bahia State and the Tucumã Operation in Pará State – as well as the Xavantina Operations, a producing gold mine in Mato Grosso State. In addition to its operating assets, Ero is advancing the Furnas Copper-Gold Project, located in the mineral-rich Carajás Province in Pará State, through a definitive earn-in agreement with Vale Base Metals to acquire a 60% interest in the project.

Ero’s operating philosophy is grounded in a commitment to safety, operational excellence, and the responsible production of minerals essential for a better tomorrow. The Company’s shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “ERO.” Additional information, including technical reports on the Company’s operations and projects, is available on the Company’s website (www.ero.com), SEDAR+ (www.sedarplus.ca), and on EDGAR (www.sec.gov).

FOR MORE INFORMATION, PLEASE CONTACT

Farooq Hamed, VP, Investor Relations
info@ero.com

CAUTION REGARDING FORWARD LOOKING INFORMATION AND STATEMENTS

This press release contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation (collectively, “forward-looking statements”). Forward-looking statements include statements that use forward-looking terminology such as “may”, “could”, “would”, “will”, “should”, “intend”, “target”, “plan”, “expect”, “budget”, “estimate”, “forecast”, “schedule”, “anticipate”, “believe”, “continue”, “potential”, “view” or the negative or grammatical variation thereof or other variations thereof or comparable terminology. Forward-looking statements may include, but are not limited to, statements with respect to the Company’s expected production, operating costs and capital expenditures at the Caraíba Operations, the Tucumã Operation and the Xavantina Operations, including the expected timing and weighting of production, plant throughput, mined and processed copper or gold grades, recoveries and unit costs; capital and operating cost estimates and economic analyses (including cash flow projections), including those from the Caraíba Operations Technical Report, the Xavantina Operations Technical Report, the Tucumã Project Technical Report and the Furnas Project Technical Report; the estimation of mineral reserves and mineral resources; estimated completion dates for certain milestones, including completion of the Pilar Mine’s new external shaft at the Caraíba Operations; the ability of the Company to maintain improved performance at the Caraíba mill and realize the expected benefits associated with the Pilar Mine’s new external shaft; the expected timing of delivery, installation and commissioning of additional modular tailings filters at the Tucumã Operation and the anticipated impact of such filters on tailings filtration capacity, plant throughput and future production; the expected benefits of the ventilation and cooling infrastructure installed at the Xavantina Operations, including increased mining rates, mill throughput and processed gold grades; expectations regarding gold concentrate sales from the Xavantina Operations, including the expected timing and volume of sales and the anticipated benefits of drier seasonal conditions and the mobile filter press and industrial dryer commissioned on site; the anticipated benefits of the new powerline and processing plant optimization initiatives at the Xavantina Operations; expectations regarding the impact of inflationary pressures, geopolitical conflicts and fluctuations in the Brazilian real on the Company’s operating costs, capital expenditures and financial results; expectations of cost savings related to the OneEro Program; expectations regarding foreign exchange derivative contracts, including expected gains thereon and the exchange rate assumptions underlying such expectations; the Company’s capital allocation priorities, including continued deleveraging of the balance sheet; the Company’s ability to advance work programs under the Furnas earn-in agreement, including exploration, drilling, permitting, engineering, geotechnical, hydrogeological, environmental and metallurgical programs; the expected completion of planned exploration activities at the Furnas Copper-Gold Project; the timing and completion of a pre-feasibility study for the Furnas Copper-Gold Project, currently expected to be published in 2027; the potential to extend known mineralization, upgrade mineral resources to higher-confidence categories or mineral reserves, enhance project economics or increase the potential production profile at the Furnas Copper-Gold Project; the discovery of additional mineralization and the potential impact of exploration results on future production rates at the Company’s mines or processing facilities; the Company’s expectations associated with historic gold concentrate stockpiles at the Xavantina Operations, including operating costs, payability, grades, sales volumes and the timing of sales; and any other statement that may predict, forecast, indicate or imply future plans, intentions, levels of activity, results, performance or achievements.

Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking statements, including, without limitation, risks discussed in this press release and in the Company’s most recent Annual Information Form (“AIF”) under the heading “Risk Factors”. The risks discussed in this press release and in the AIF are not exhaustive of the factors that may affect any of the Company’s forward-looking statements. Although the Company has attempted to identify important factors that could cause actual results, actions, events, conditions, performance or achievements to differ materially from those contained in forward-looking statements, there may be other factors that cause results, actions, events, conditions, performance or achievements to differ from those anticipated, estimated or intended.

Forward-looking statements are not a guarantee of future performance. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve statements about the future and are inherently uncertain, and the Company’s actual results, achievements or other future events or conditions may differ materially from those reflected in the forward-looking statements due to a variety of risks, uncertainties and other factors, including, without limitation, those referred to herein and in the AIF under the heading “Risk Factors”.

The Company’s forward-looking statements are based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, many of which may be difficult to predict and beyond the Company’s control. In connection with the forward-looking statements contained in this press release and in the AIF, the Company has made certain assumptions about, among other things: favourable equity and debt capital markets; the ability to raise any necessary additional capital on reasonable terms to advance the production, development and exploration of the Company’s properties and assets; future prices of copper, gold and other metals; the timing and results of exploration and drilling programs; the accuracy of any mineral reserve and mineral resource estimates; the geology of the Caraíba Operations, the Xavantina Operations, the Tucumã Operation and the Furnas Copper-Gold Project being as described in the respective technical report for each property; production costs; the accuracy of budgeted exploration, development and construction costs and expenditures; the price of other commodities such as fuel; future currency exchange rates, interest rates and tariff rates; operating conditions being favourable such that the Company is able to operate in a safe, efficient and effective manner; workforce continuing to remain healthy in the face of prevailing epidemics, pandemics or other health risks; political and regulatory stability; the receipt of governmental, regulatory and third-party approvals, licenses and permits on favourable terms; obtaining required renewals for existing approvals, licenses and permits on favourable terms; requirements under applicable laws; sustained labour stability; stability in financial and capital goods markets; availability of equipment; positive relations with local groups and the Company’s ability to meet its obligations under its agreements with such groups; and satisfying the terms and conditions of the Company’s current loan arrangements. Although the Company believes that the assumptions inherent in forward-looking statements are reasonable as of the date of this press release, these assumptions are subject to significant business, social, economic, political, regulatory, competitive and other risks and uncertainties, contingencies and other factors that could cause actual actions, events, conditions, results, performance or achievements to be materially different from those projected in the forward-looking statements. The Company cautions that the foregoing list of assumptions is not exhaustive. Other events or circumstances could cause actual results to differ materially from those estimated or projected and expressed in, or implied by, the forward-looking statements contained in this press release. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise, except as and to the extent required by applicable securities laws.

CAUTIONARY NOTES REGARDING MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES

Unless otherwise indicated, all reserve and resource estimates included in this press release and the documents incorporated by reference herein have been prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum (the “CIM”) — CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as amended (the “CIM Standards”). NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Canadian standards, including NI 43-101, differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”), and reserve and resource information included herein may not be comparable to similar information disclosed by U.S. companies. In particular, and without limiting the generality of the foregoing, this press release and the documents incorporated by reference herein use the terms “measured resources,” “indicated resources” and “inferred resources” as defined in accordance with NI 43-101 and the CIM Standards.

Further to recent amendments, mineral property disclosure requirements in the United States (the “U.S. Rules”) are governed by subpart 1300 of Regulation S-K of the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) which differ from the CIM Standards. As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multi-jurisdictional disclosure system (the “MJDS”), Ero is not required to provide disclosure on its mineral properties under the U.S. Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. If Ero ceases to be a foreign private issuer or loses its eligibility to file its annual report on Form 40-F pursuant to the MJDS, then Ero will be subject to the U.S. Rules, which differ from the requirements of NI 43-101 and the CIM Standards.

Pursuant to the new U.S. Rules, the SEC recognizes estimates of “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources.” In addition, the definitions of “proven mineral reserves” and “probable mineral reserves” under the U.S. Rules are now “substantially similar” to the corresponding standards under NI 43-101. Mineralization described using these terms has a greater amount of uncertainty as to its existence and feasibility than mineralization that has been characterized as reserves. Accordingly, U.S. investors are cautioned not to assume that any measured mineral resources, indicated mineral resources, or inferred mineral resources that Ero reports are or will be economically or legally mineable. Further, “inferred mineral resources” have a greater amount of uncertainty as to their existence and as to whether they can be mined legally or economically. Under Canadian securities laws, estimates of “inferred mineral resources” may not form the basis of feasibility or pre-feasibility studies, except in rare cases. While the above terms under the U.S. Rules are “substantially similar” to the standards under NI 43-101 and CIM Standards, there are differences in the definitions under the U.S. Rules and CIM Standards. Accordingly, there is no assurance any mineral reserves or mineral resources that Ero may report as “proven mineral reserves”, “probable mineral reserves”, “measured mineral resources”, “indicated mineral resources” and “inferred mineral resources” under NI 43-101 would be the same had Ero prepared the reserve or resource estimates under the standards adopted under the U.S. Rules.

TORONTO, Nov. 02, 2026 (GLOBE NEWSWIRE) — Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) (“Osisko Gold” or the “Company“) is pleased to announce the appointment of Mr. Cameron Carter as Vice President, Construction Operations of Barkerville Gold Mines Ltd., the Company’s wholly-owned subsidiary, effective immediately. Mr. Carter will oversee construction execution currently underway at the Cariboo Gold Project (the “Project“), located in central British Columbia. Reporting directly to Sean Roosen, Chairman and CEO, he will work alongside JDS Energy & Mining Inc., the Project’s principal construction management contractor.

Sean Roosen, Chairman and CEO, commented: “We are excited to welcome Cameron to the Osisko Gold team. He brings a strong technical background and extensive expertise in building large-scale underground mines globally. His commitment to safety, building high-performing teams, and operational excellence, together with his disciplined approach to project delivery will be invaluable as we advance the Cariboo Gold Project through construction and commissioning and into production.”

Mr. Carter brings more than 18 years of experience in underground mine development, construction, operations, and executive leadership. Throughout his career, he has held progressively senior roles in mine engineering, operations management, project delivery, and commercial and business development. Mr. Carter joins from Dumas Mining, where he spent more than 15 years, most recently serving as Senior Vice President, providing executive leadership across the technical and commercial functions of its international underground mining business. During his tenure, he supported the successful execution of complex underground mining projects, including El Limon and Media Luna (Torex Gold Resources Inc.), La Colorada and Bell Creek (Pan American Silver Corp.), and Lalor (Hudbay Minerals Inc.), among others, while helping strengthen the organization’s technical capabilities, operational systems, and project delivery practices. Earlier in his career, Mr. Carter contributed to the development and construction of Glencore’s Mine D project at Kidd Operations in Northern Ontario, one of the world’s deepest base metal mining operations. Mr. Carter holds a Bachelor of Applied Science (B.A.Sc.) from Acadia University and a Bachelor of Mineral Resource Engineering (B.Eng.) from Dalhousie University. He is a licensed Professional Engineer in the Province of Ontario.

The Company also announces that Sarah Harrison, Vice President, Permitting and Compliance, is leaving the Company, effective immediately, to pursue other opportunities. Greenwood Environmental Inc. (“Greenwood“) has assumed responsibility for permitting and compliance matters, and Ms. Harrison will remain available in an advisory capacity. “We thank Sarah for her efforts and contributions to Osisko Gold and wish her continued success in her future endeavours,” noted Sean Roosen. Greenwood has led or supported permitting and environmental assessment processes for several major projects in British Columbia, including Mt. Milligan and Red Chris.

ABOUT OSISKO GOLD GROUP INC. Osisko Gold Group Inc. is a continental North American gold development company focused on past producing mining camps with district-scale potential. The Company’s objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located within the Company’s broader Cariboo regional land package in central British Columbia, Canada, which hosts numerous prospective exploration targets and provides opportunities for future discoveries. Its Cariboo project pipeline is complemented by the Tintic Project, located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Gold is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth. For further information, visit our website at www.osiskogold.ca or contact: Sean Roosen                                              Philip Rabenok Chairman and CEO                                     Vice President, Investor Relations Email: sroosen@osiskogold.ca                Email: prabenok@osiskogold.ca Tel: +1 (514) 940-0685                                Tel: +1 (437) 423-3644

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, “forward-looking statements”). Such forward-looking statements, by their nature, require Osisko Gold to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Such forward-looking statements are not guarantees of performance and are identified with words such as “may”, “will”, “would”, “could”, “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee”, “objective”, “strategy”, variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Forward-looking statements in this news release include, but are not limited to, statements pertaining to: the expected role and contribution of Mr. Carter as Vice President, Construction Operations, including his oversight of construction execution at the Cariboo Gold Project; the advancement of the Cariboo Gold Project through construction and commissioning and into production; the expected performance of JDS Energy & Mining Inc. as the Project’s principal construction management contractor; the transition of permitting and compliance responsibilities following Ms. Harrison’s departure, including her availability in an advisory capacity; the expected performance of Greenwood in respect of permitting and compliance matters for the Project; the Cariboo Gold Project’s permitting status and the expected timing of receipt of remaining authorizations, permit amendments and construction permits; the Company’s objective of becoming an intermediate gold producer; and the exploration potential and potential for future discoveries (if any) of its properties. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including: Mr. Carter’s integration into the Project’s leadership team proceeding as anticipated; the Company’s ability to retain Mr. Carter and other key personnel; the orderly transition of permitting and compliance responsibilities to Greenwood, including Ms. Harrison’s continued availability in an advisory capacity; construction proceeding on the anticipated schedule and within the estimated budget; the availability of personnel, contractors, equipment, supplies and infrastructure; JDS Energy & Mining Inc., Greenwood and other contractors and consultants performing as expected; the absence of any work stoppages or suspensions at the Company’s projects; the absence of unforeseen ground conditions or other geological challenges; required permits, authorizations and amendments being obtained and maintained in a timely manner; the Company’s continued access to capital on acceptable terms; and the absence of material adverse changes in gold prices, foreign exchange rates and general economic and market conditions. Osisko Gold considers its assumptions to be reasonable based on information currently available but cautions the reader that its assumptions regarding future events, many of which are beyond the control of Osisko Gold, may ultimately prove to be incorrect since they are subject to risks and uncertainties that affect Osisko Gold and its business.

Such risks and uncertainties include, but are not limited to: the inability to retain Mr. Carter or other key personnel and disruption associated with leadership changes, including the transition of permitting and compliance responsibilities; risks associated with the development and construction of the Cariboo Gold Project, including construction delays, cost overruns, inflation and supply chain disruptions; delays in commissioning or in the transition to production; contractor and consultant performance, including that of JDS Energy & Mining Inc., and Greenwood; work stoppages or suspensions at the Cariboo Gold Project; unforeseen ground, geotechnical or water management conditions; delays or shortages in necessary equipment, supplies and infrastructure, including long-lead items; labour shortages or disputes and health, safety and security incidents; adverse changes in the Company’s business, financial position, operating environment or access to capital; regulatory delays or changes in regulatory framework and applicable laws; the timing and ability of the Company to obtain and maintain required approvals and permits; the results of exploration activities and errors in management’s geological modelling; risks relating to exploration, development and mining activities; general economic and market conditions and business conditions in the mining industry; fluctuations in commodity and currency exchange rates; environmental risks; and community, non-governmental and governmental actions, including relationships with First Nations, and the impact of stakeholder actions. Readers are urged to consult the disclosure provided under the heading “Risk Factors” in the Company’s annual information form for the year ended December 31, 2025 as well as those risks and factors disclosed in the Company’s most recent financial statements and management’s discussion and analysis and other public filings filed under Osisko Gold’s issuer profile on SEDAR+ (www.sedarplus.ca) and on the SEC’s EDGAR website (www.sec.gov), for further information regarding the risks and other factors facing the Company, its business and operations.

Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Readers are cautioned that the foregoing lists of assumptions, risks and uncertainties are not exhaustive. The forward-looking statements contained herein are made as of the date of this news release and, except as required by applicable law, the Company undertakes no obligation to update publicly or to revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.