Argentina Metals Announces Closing of Acquisition of El Salado and La Quimera Properties in Mendoza, Argentina

About this update from Argentina Metals Corporation

Vancouver, British Columbia--(Newsfile Corp. - June 30, 2026) - Argentina Metals Corp. (TSXV: VLLC) (FSE: VA5) ("VLLC" or the "Company") is pleased to announce that, further to the Company's press release dated March 3, 2026, the Dirección de Minería de la Provincia de Mendoza (the "Mendoza Mining Ministry") has approved the transfer and registration of 100% interest in the El Salado and La Quimera properties (collectively, the "Properties"), comprising 9,980 hectares in Mendoza, Argentina, to Argentina Metals S.A.S., a wholly-owned subsidiary of the Company (the "Transaction"). "The approval by the Mendoza Mining Ministry of the transfer of the El Salado and La Quimera properties marks an important milestone for Argentina Metals," said Raymond D. Harari, CEO of VLLC. "This approval completes the acquisition process and secures our 100% interest in these highly prospective copper exploration assets. The Properties add significant scale to our land position in Mendoza and strengthen our presence in one of Argentina's most important emerging copper regions. We appreciate the support and diligence of the Mendoza Mining Ministry throughout this process and look forward to advancing exploration activities in collaboration with provincial authorities and local communities." In accordance with the terms of the Transaction, VLLC has made the final payment to the vendors of the Properties in the amount of CAD$195,000 in cash and issued 450,000 common shares of VLLC (the "Vendors' Shares"). The Vendors' Shares are subject to a statutory four-month-and-one-day hold period under applicable Canadian securities laws as well as contractual trading restrictions until February 25, 2027. VLLC also announces that, subject to TSX Venture Exchange approval, it will issue 225,000 common shares of VLLC (the "Finder's Shares") to an arm's length finder in connection with the Transaction. The Finder's Shares represent a finder's fee equal to CAD$54,000 based on a per share price of CAD$0.24. The Finder's Shares are subject to contractual trading restrictions until June 30, 2027 as well as a statutory four-month-and-one-day hold period under applicable Canadian securities laws. As of the date hereof, including the issuance of the Vendors' Shares and Finder's Shares, VLLC has 72,248,343 common shares issued and outstanding. About Argentina Metals Corp. Argentina Metals Corp. (TSXV:...

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